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BEGINNING ASSETS
<br />REVENUE:
<br />LITTLE CANADA FIREMEN'S RELIEF ASSOCIATION
<br />Schedule C -1
<br />PROJECTED FINANCIAL ACTIVITY - SPECIAL FUND
<br />BASED ON REQUIRED CITY CONTRIBUTION
<br />WITH ROSTER CHANGES
<br />@ 52,000
<br />Payer •
<br />Actual • Projected at 52,100 per year
<br />1992 • 1993 1994 1995 1996 1997 1998
<br />5849210 • 5958.757 5933.153 5887,769 5851.784 5819590 5902.907
<br />City - minimum 0 • 0 23,942 24,848 25,346 24,866 21303
<br />- additional 12,000 * 16,500 '
<br />State 20971 • 20,971 20,971 20,971 20,971 20,971 22,020
<br />Investment earnings 79,602 * f'70,623 -. 43,403 41396 42,589 40,980 45,145
<br />Total Revalue 112573 * 108,096 88316 87215 88,906 86.817 88.468
<br />*
<br />EXPENSES: *
<br />*
<br />Benefits 0 * 130,200 130,200 119,700 117,600 0 0
<br />Administrative 3,026 * 3,500 3,500 3 ,500 3,500 3,500 3,500
<br />*
<br />Total Expanses 3.026 • 133,700 133,700 123200 121.100 3.500 3.500
<br />*
<br />ENDING ASSETS 958,757 * 933,153 887,769 851,784 819,590 902,907 987,875
<br />•
<br />ACCRUED PENSION LIABILITY:
<br />@ 52,000 per year of service (959,425) •
<br />@ 52,100 per year of service * (956.870) (907,959) (868,447) (832.726) (912516) (993957)
<br />•
<br />(UNFUNDED) /OVERFUNDED (5668) • (523,717) (520,190) (516.663) (513,136) (59.609) (56,082)
<br />PERCENT FUNDED
<br />10090 - 98% 98% 98% 98% 9995 99%
<br />Assumptions:
<br />Investment earnings of 8% for 1993
<br />Investment earnings for 1994 through 1998 of 5%
<br />Page 79
<br />5/10/93
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