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LITTLE CANADA FIREMEN'S RELIEF ASSOCIATION
<br />PROJECTED FINANCIAL ACTIVITY - SPECIAL FUND
<br />BASED ON REQUIRED CITY CONTRIBUTION
<br />WITH ROSTER CHANGES
<br />BEGINNING ASSETS
<br />REVENUE:
<br />City - minimum
<br />- additional
<br />State
<br />Investment earnings
<br />Total Revenue
<br />EXPENSES:
<br />Benefits
<br />Administrative
<br />Total Expenses
<br />ENDING ASSETS
<br />ACCRUED PENSION LIABILITY:
<br />® $2,050 per year of service
<br />@ $2,050 per year of service
<br />(UNFUNDED) / OVERFUNDED
<br />PERCENT FUNDED
<br />$2,050
<br />7%
<br />Page 1 of 4
<br />@ $2,050
<br />per year *
<br />Actual * Projected at $2,050 per year
<br />1993 * 1998 1999
<br />$958,757 * $979,290 $964,534 $917,439 $879,731 $858,480 $935,463
<br />*
<br />Assumptions:
<br />Investment earnings of
<br />State aid frozen at 1993 amounts.
<br />*
<br />1994 1995 1996 1997
<br />0* 0 46 0 0 0 0
<br />16,500 * 16,500 0 0 0 0 0
<br />22,534 * 20,039 20,039 20,039 20,039 20,039 20,039
<br />119,286 * 64,955 63,420 60,553 58,560 60,444 65,833
<br />*
<br />158,320 * 101,494 83,505 80,592 78,599 80,483 85,872
<br />134,543 * 112,750 127,100 114,800 96,350 0 0
<br />3,244 * 3,500 3,500 3,500 3,500 3,500 3,500
<br />*
<br />137,787 * 116,250 130,600 118,300 99,850 3,500 3,500
<br />*
<br />979,290 * 964,534 917,439 879,731 858,480 935,463 1,017,835
<br />(916,919)*
<br />* (878,352) (837,494) (802,372) (783,660) (862,008) (939,184)
<br />$62,371 * $86,182 $79,945 $77,359 $74,820 $73,455 $78,651
<br />107% 110% 110% 110% 110% 109% 108%
<br />7.00%
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