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06-28-1995 Council Agenda
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06-28-1995 Council Agenda
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Schedule II <br />Section 1 <br />Determination of Projected Net Assets as of December 31, 1994 <br />Assets at December 31, 1993 ,at book value <br />Projected Income to December 31, 1994 $ 20,039 <br />a. Minnesota State'Aid <br />b. Municipal Cmdependent fire) Contributions $ 16.500 <br />c. Donations* $ 45,725 <br />d. Investment Income $ 55,529 <br />e. Realized Gains (losses) S <br />f. Unrealized Gains (losses) $ 4. f100 <br />g. Other income* 2 S 131:70 <br />3 <br />Total <br />Projected Assets plus Income December 31, 1994 (line 1 + line 2) <br />3 S 1,121,553 <br />Projected Disbursements through end of year $ 201.576 <br />h. Pensions S <br />L Other Benefits $ 3,358 <br />j. .Administrative 4 $ 204,934 <br />Total <br />5 $ 916,619 <br />Calculation of Minimum Municipal Contribution <br />1S <br />979,760 <br />Projected Assets at end of year (Inc 3 minus line 4) <br />Supplemental Benefit <br />*Explain here: <br />Section 2 <br />Projected Assets (Inc 5) <br />Accrued Liability (Inc 3, Schedule 1) <br />Surplus (deficit) (subtract lilt• 7 from live 6) <br />• Go to Section 3 if Surplus <br />Derenr:Marion of Projected Surplus (Deficit) as of December 31, 1994 <br />6 $ 916,619 <br />7 $ 798,019 <br />• Go to Section 4 if Deficit <br />83 <br />118,600 <br />Section 3 <br />Normal Cost (Line C, Schedule 1) <br />Calculated Administrative Expense <br />Less: 20,039 <br />k. Minnesota State Aid S <br />1. 5% of Line 5 S 45,831 <br />at 10% of line 8 $ 11.860 <br />Total Subtractions <br />Municipal Contribution (lino 9, pica 10 minus 11) <br />If 51.00 or greater, certify to municipality before <br />Determination of Municipal Contribution of Surplus) <br />69,987 <br />Page 84 <br />9S <br />10 S 3,358 <br />11 S 77,730 <br />12 S5) <br />
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