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Annual Financial Requirements:
<br />Service pensions costs:
<br />Normal cost
<br />Deficit amortization:
<br />9/90 benefit Increase
<br />11/91 benefit increase
<br />5/93 benefit increase
<br />Administrative costs
<br />Total financial requirements
<br />LITTLE CANADA FIREMEN'S RELIEF ASSOCIATION
<br />PROJECTED ANNUAL FINANCIAL REQUIREMENTS
<br />$2,050
<br />WITH ROSTER CHANGES
<br />$2,050
<br />4%
<br />Page 2 of 4
<br />1995 1996 1997 1998 1999 2000
<br />$86,242 $79,678 $77,638 $78,348 $77,176 $62,520
<br />3,500 3,500 3,500 3,500 3,500 3,500
<br />89,742 83,178 81,138 81,848 80,676 66,020
<br />Anticipated revenue:
<br />State aid - Frozen @ 1993 amount. 20,039 20,039 20,039 20,039 20,039 20,039
<br />0 0 0 0 0 0
<br />Surplus amortization 6,237 5,834 5,211 4,627 4,106 3,643
<br />Interest @ 4% 35,126 33,488 32,219 33,189 36,138 38,861
<br />Total anticipated revenue 61,402 59,362 57,469 57,856 60,283 62,543
<br />Required city support $28,340 $23,816 $23,669 $23,993 $20,393 $3,477
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