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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 />W93 benefit increase
<br />Administrative costs
<br />Total financial requirements
<br />LITTLE CANADA FIREMEN'S RELIEF ASSOCIATION
<br />PROJECTED ANNUAL FINANCIAL REQUIREMENTS
<br />$2,100
<br />WITH ROSTER CHANGES
<br />$2,100
<br />4%
<br />Page 2 of 4
<br />1995 1996 1997 1998 1999 2000
<br />$88,175 $81,514 $79,421 $80,145 $78,941 $63,924
<br />3,500 3,500 3,500 3,500 3,500 3,500
<br />91,675 85,014 82,921 83,645 82,441 67,424
<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 3,752 3,129 2,754 2,441 2,165
<br />Interest @ 4% 34,952 33,274 32,058 33,136 36,231 39,091
<br />Total anticipated revenue 61,228 57,065 55,226 55,928 58,711 61,295
<br />Required city support $30,447 $27,949 $27,695 $27,717 $23,730 $6,128
<br />Page 40
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