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LITTLE CANADA FIREMEN'S RELIEF ASSOCIATION
<br />PROJECTED ANNUAL FINANCIAL REQUIREMENTS
<br />SPECIAL FUND PROJECTION @ $2,200 PER YEAR OF SERVICE
<br />WITH ROSTER CHANGES
<br />1994 1995 1996 1997 1998 1999
<br />Schedule E -2
<br />Annual Financial Requirements:
<br />Service pensions costs:
<br />Normal cost $85,029 $83,924 $85,693 $83,502 $85,229 $18j82
<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 4,021 4,021 4,021 4,021 4,021 4,021
<br />Administrative costs 3,500 3 ,500 3 ,500 3,500 3,500 3,500
<br />Total financial requirements 96,077 94,972 96,741 94 ,550 96,277 29,630
<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% 42,976 41,059 42,498 41,000 45.553 50,191
<br />Total anticipated revenue 66,097 65,336 67,989 67,766 73,657 79,700
<br />Required city support
<br />2/22/93
<br />$29,980 $29,636 $22,752 $26,784 $22,620 $0
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