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05-12-1993 Council Agenda
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05-12-1993 Council Agenda
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LITTLE CANADA FIREMEN'S RELIEF ASSOCIATION <br />PROJECTED ANNUAL FINANCIAL REQUIREMENTS <br />SPECIAL FUND PROJECTION @ $2,050 PER YEAR OF SERVICE <br />WITH ROSTER CHANGES <br />1994 1995 1996 1997 1998 1999 <br />Schedule B -2 <br />Annual Financial Requirements: <br />Service pensions costs: <br />Noma! cost $79,419 $78,320 $79,972 $77,934 $79,547 $17,448 <br />Deficit amortization: <br />9/90 benefit increase <br />11/91 benefit increase 0 0 0 0 0 <br />1993 benefit increase 0 0 0 0 0 0 <br />Administrative costs <br />Total financial requirements <br />3,500 3,500 3,500 3,500 3,500 3,500 <br />82,919 81,820 83,472 81,434 83,047 20,948 <br />Anticipated revenue: <br />State aid - @ 5% increase 23,121 24,277 25,491 26,766 28,104 29,509 <br />0 0 0 0 0 0 <br />Surplus amortization ' 0 0 0 0 0 0 <br />Interest@ 5% 43,695 41,567 42,562 40,820 44,717 48,694 <br />Total anticipated revenue 66,816 65,844 68,053 67,586 72,821 78,203 <br />Required city support <br />2/20/93 <br />$16,103 $15,9'76 $15,419 $13,848 $10,226 $0 <br />Page 23 <br />
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