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<br /> <br />City of Lake Elmo Volunteer Fire Department 3 <br /> <br />Projection of Accrued Liability <br /> <br /> 2025 2024 <br />1. Active Member Liability $ 802,418 $ 685,129 <br />2. Deferred Member Liability 457,757 361,582 <br />3. Total Accrued Liability at year-end (1+2) $ 1,260,175 $ 1,046,711 <br />4. Projected Accrued Liability at next year-end 1,436,335 1,186,241 <br />5. Increase/(Decrease) in Liability (4-3) $ 176,160 $ 139,530 <br /> <br /> <br />Projection of Assets <br /> <br /> 2025 2024 <br />1. Actual Assets at Beginning of Year <br />2. Projected Change in Asset Value <br />$ 1,597,337 $ 1,342,066 <br />a. Fire State Aid 130,062 103,064 <br />b. Fire Supplemental Aid 19,820 18,034 <br />c. Required Contribution* 0 0 <br />d. Net Investment Income 95,840 80,524 <br />e. PERA Administrative Fee (2,340) (990) <br />f. Net Change in Present Assets $ 243,382 $ 200,632 <br />3. Projected Assets at End of Year $ 1,840,719 $ 1,542,698 <br /> <br /> <br />(Gain)/Loss <br /> <br /> Assets Accrued Liability <br />1. Preliminary Expected Value $ 1,542,698 $ (1,186,241) <br />2. Impact of Benefit Change N/A (100,302) <br />3. Actual Value 1,597,337 (1,260,175) <br />4. (Gain)/Loss [1+2-3] $ (54,639) $ (26,368) <br /> <br /> * Unpaid invoices and anticipated receipts. <br /> <br /> <br /> <br />