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04-13-1994 Council Agenda
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04-13-1994 Council Agenda
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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 />$2,050 <br />8% <br />Page 2 of 4 <br />LITTLE CANADA FIREMEN'S RELIEF ASSOCIATION <br />PROJECTED ANNUAL FINANCIAL REQUIREMENTS <br />$2,050 <br />WITH ROSTER CHANGES <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 9,546 9,898 10,657 11,473 12,519 <br />Interest @ 8% 73,222 70,727 69,262 72,272 79,377 86,649 <br />Total anticipated revenue 99,498 100,312 99,199 102,968 110,889 119,208 <br />Required city support $0 50 $0 $0 $0 $0 <br />Page 36 <br />
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