Laserfiche WebLink
Form SC-03 ELK RIVER \ Page 3 <br /> <br />Schedule II <br /> <br />Section 1 <br /> <br />Special Fund Assets at December 31, 2002 <br /> (See Ending Assets on 2002 Reporting Form) <br /> <br />Projected Income to December 31, 2003: <br />a. Minnesota State Fire Aid i ............................... 88,790 <br /> (Use 2002 amount, excluding Supplemental Benefit Reimbursements) <br /> <br /> b. Municipal / Independent Fire Dept. Contributions ............. 23,400 <br /> c. Donations (List ) .............. 250 <br /> d. Interest and Dividends .............. .................... 1,975 <br />e. Net Appreciation (Depreciation) in Fair Market <br />Value of Investments ................................... 151,322 <br />f. Other Income (Include Supplemental) ...................... 3,600 <br />Total <br /> <br />Projected Assets plus Income at December 31, 2003 <br /> <br />Projected Disbursements through End of Year: <br /> g. Pensions (If listed here, don't include on Schedule I) ........... <br /> h. Other Benefits ......................................... <br /> i. Administrative ........................................ <br /> Total <br /> <br />Projected Assets at End of Year <br /> <br />Projection of net assets for the year ending December 31, 2003 <br /> 1 $ 1,037,180 <br /> <br />= Line 1 plus Line 2 <br /> <br />1,000 <br /> <br />4,460 <br /> <br />= Line 3 minus Line 4 <br /> <br />25 <br /> <br />35 <br /> <br />45 <br /> <br />55 <br /> <br />269,337 <br /> <br />1,306,517 <br /> <br />5,460 <br /> <br />1,301,057 <br /> <br />Section 2 <br /> <br />Projected Assets <br /> <br />2003 Accrued Liability <br /> <br />Surplus or (Deficit) <br /> <br /> Deficit Projected for 2003. <br /> <br />Projection of Surplus (Defici0 as of December 31, 2003 <br /> <br />= Line 5 6 $ <br />= Schedule I, Page 2b, Line B 7 $ <br />= Line 6 minus Line 7 8 $ <br /> Table on sheet labeled Entries 2 must be completed <br /> <br />1,301,057 <br /> <br />1,382,670 <br /> -81,613 <br /> <br />Section 3 <br />Normal Cost = Schedule I, Page 2b, Line C <br /> <br />Calculated Administrative Expense = (RF-02 Admin. Exp. $ <br />Less: <br />j. Mi~mesota State Fire Aid ................. <br />k. 5 % of Line 5 .......................... <br />I. 10% of Surplus ........................ <br />Total Subtractions <br /> <br />Municipal Contribution -- Line 9, plus Line 10 minus Line 11 <br /> <br />Determination of Municipal Contribution (if Surplus) <br /> 95 <br /> <br /> xl.035) = 10 $ <br /> <br />11 $ <br /> <br />125 <br /> <br />You must certify to the municipallY, before August 1, 2003, even if no contribution is due. <br /> <br /> <br />