|
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 />$2,100
<br />WITH ROSTER CHANGES
<br />$2,100
<br />5%
<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 4,679 4,055 3,587 3,182 2,823
<br />Interest @ 5% 44,153 42,055 40,489 41,790 45,618 49,156
<br />Total anticipated revenue 70,429 66,773 64,584 65,417 68,839 72,018
<br />Required city support $21,246 $18,241 $18,337 $18,228 $13,602 $0
<br />Page 44
<br />
|