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05-26-1993 Council Agenda
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05-26-1993 Council Agenda
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LITTLE CANADA FIREMEN'S RELIEF ASSOCIATION <br />PROJECTED ANNUAL FINANCIAL REQUIREMENTS <br />SPECIAL FUND PROJECTION @ 52,100 PER YEAR OF SERVICE <br />WITH ROSTER CHANGES <br />1994 1995 1996 1997 1998 1999 <br />Schedule C -2 <br />Annual Financial Requircnents: <br />Scvice pensions costs: <br />Normal cost 581,289 580,188 581,879 579,790 581,441 517,826 <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 <br />Total fmancial requirements <br />3500 3500 3500 3.500 3.500 3,500 <br />88316 87215 88,906 86,817 88,468 24.853 <br />Anticipated revenue: <br />Stare aid - Si/rimarc 20,971 20,971 20,971 20,971 22,020 23,121 <br />0 0 0 0 0 0 <br />Surplus amortization 0 0 0 0 0 0 <br />Interest@ 5% 43,403 41396 42,589 40.980 45,145 49394 <br />Total anticipated revenue 64374 62367 63.560 61.951 67.165 72.515 <br />Required city support <br />5/10/93 <br />• <br />523.942 524.848 525346 524.866 321303 50 <br />Page 80 <br />
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