|
LITTLE CANADA FIREMEN'S RELIEF ASSOCIATION
<br />PROJECTED ANNUAL FINANCIAL REQUIREMENTS
<br />SPECIAL FUND PROJECTION @ $2,100 PER YEAR OF SERVICE
<br />WITH ROSTER CHANGES
<br />1994 1995 1996 1997 1998 1999
<br />Schedule C -2
<br />Annual Financial Requirements:
<br />Service pensions costs:
<br />Normal cost $81,289 $80,188 $81,879 $79,790 $81,441 $17,826
<br />Deficit amortization:
<br />9/90 benefit increase
<br />11/91 benefit increase 3,527 3,527 3 ,527 3,527 3,527 3,527
<br />1993 benefit increase 0 0 0 0 0 0
<br />Administrative costs 3,500 3,500 3,500 3,500 3,500 3,500
<br />Total financial requirements 88,316 87,215 88,906 86,817 88,468 24,853
<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% 43,455 41,448 42,642 41,032 45,198 49,446
<br />Total anticipated revenue 66,576 65,725 68,133 67,798 73,302 78,955
<br />Required city support
<br />2/22x93
<br />321,740 321,490 $20,773 $19,019 315,166 $0
<br />Page 27
<br />
|