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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 />$2,100
<br />WITH ROSTER CHANGES
<br />$2,100
<br />6%
<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 3500 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 5,606 4,982 4,421 3,923 3,481
<br />Interest @ 6% 53,540 51,022 49,088 50,593 55,136 59,337
<br />Total anticipated revenue 79,816 76,667 74,109 75,053 79,099 82,857
<br />Required city support $11,859 $8,347 $8,812 $8,592 $3,343 $0
<br />Page 48
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