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LITTLE CANADA FIREMEN'S RELIEF ASSOCIATION
<br />Schedule D -1
<br />PROJECTED FINANCIAL ACTIVITY - SPECIAL FUND
<br />BASED ON REQUIRED CITY CONTRIBUTION
<br />WITH ROSTER CHANGES
<br />@ $2,000
<br />payer *
<br />Actual * Projected at $2,150 per year
<br />1992 * 1993 1994 1995 1996 1997 1998
<br />*
<br />BEGINNING ASSETS $849,210 * $958 757 $930,957 $885,892 $850,474 $818,936 $905,658
<br />*
<br />REVENUE: *
<br />*
<br />City - minimum 0 * 0 25399 25,124 24,347 22,509 18,524
<br />- additional 12,000 * 16,500
<br />State 20,971 * 22,020 23,121 24,277 25,491 26,766 28,104
<br />Investment earnings 79,602 * 70,480 43,215 41,231 42,524 40,947 45,283
<br />*
<br />Total Revenue 112,573 * 109,000 91,735 90,632 92,362 90,777 91,911
<br />*
<br />EXPENSES: *
<br />*
<br />Benefits 0 * 133300 133300 122,550 120,400 0 0
<br />Administrative 3,026 * 3,500 3,500 3,500 3,500 3,500 3,500
<br />*
<br />Total Expenses 3,026 * 136,800 136,800 126,050 123,900 3,500 3,500
<br />*
<br />ENDING ASSETS 958,757 * 930,957 885,892 850,474 818,936 905,658 994,069
<br />*
<br />ACCRUED PENSION LIABILITY: *
<br />@ $2,000 per year of service (959,425) *
<br />@ $2,150 per year of service * (978,343) (928,202) (887,708) (851,094) (932,740) (1,016,075)
<br />*
<br />(UNFUNDED) /OVERFUNDED ($668) * $4738 ($42,310) ($37,234) ($32,158) ($27,082) ($22,006)
<br />PERCENT FUNDED 100% 95% 95% 96% 96% 97% 98%
<br />Assumptions:
<br />Investment earnings of 8% for 1993
<br />Investment earnings of 5% for 1994 through 1998
<br />Amtual increase in state aid of 5%
<br />2/22/93
<br />Page 30
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