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Form SC-03 ELK RIVER \ Page 4 <br /> <br />Section 4 <br /> <br /> Amortization of Deficits <br /> <br />Determination of Munlclpal Contribution (~f Defici0 <br /> <br /> Colunm 1 Colunm 2 Colunm 3 <br /> Year Incm'red Amt Retired Le~ to Retire <br /> Original Amount 12/31/2003 1/1/2004 <br /> 1994 <br /> 1995 <br /> 1996 <br /> i997 <br /> 1998 <br /> 1999 <br /> 2000 <br /> 2001 <br /> 2002 102,457 20,844 81,613 <br />Totals 102,457 20,844 81,613 <br /> <br />Step # 1 <br /> <br />l~fline o is positive, enter line o in columns 1 and 3 of New additional Deficit (2003) line. <br />(This is your New additional Deficit for 2003.) <br /> <br />If line o is negative, reduce columns 2 and 3 according to Deficit Reduction in the instructions. <br /> <br />102457 <br /> 4116 <br /> <br />88790 <br />65053 <br /> <br />m. 81,613 (Sec. 2, line 8) <br />u. 81,613 (Col, 3 Subtotal) <br />o. 0 (m minus n.) <br /> <br /> Step # 2 <br /> <br />Amortization of Deficit (Total from Column I) .................................. <br /> <br />Total from Schedule I, Page 2b, Line C (Normal Cost) <br /> <br />Calculated Administrative Expense (2002 Reporting Form Admin Exp) ............... <br />Subtotal Lines 13 plus 14 plus 15 <br />Less: <br /> <br /> p. Minnesota State Fire Aid ................................................ <br /> q. 5% of Line5 <br /> <br /> Total Subtractions (Subtotal of Lines p and q) <br /> <br />Municipal Contribution (line 16 minus line 17) <br /> <br /> You must certify to the municipality before August 1, 2003, even if no contribution is du~ <br /> <br />x 0.10 13 $ 10,246 <br /> 14 $ 123,877 <br />x 1.035 15 $ 4~60 <br /> 16 $ 138,383 <br /> <br />17 $ 153,843 <br />18 $ -15,460 <br /> <br />Section 5 <br /> Calculation of average Special Fund income per member <br /> <br />Test for Maximum Benefit Allowed <br /> <br />Enter data in blue-shaded ceils. Use whole A B C D <br />dollar amounts. Referenoe prior year forms. ' .............................................................................................................................. <br /> State Fire Municipal 10% of Active <br /> Aid * Support Surplus Members <br /> <br /> :::::::::::::::::::::::::::::::::::: ::::::::::::::::::::::::::::::: <.::.::.:.:.:.:,:.57:-.-:.:-: :.:.:<.:.:.:.:-:-:-:-:+:.:.:-:.:.:.:. <br /> :::::::::::::::::::::::::::::::::::::::::: <br /> <br />(A+B+C) + D = E <br /> <br /> Per Ye~ <br /> Average <br /> 112,190 / 33 = 3,400 <br /> 98,597 / 32 : 3,081 <br /> 88,591 / 34 = 2,606 <br /> <br /> * Received or Receivable <br /> F. Average available financing per active member for fl~e most recent 3-year period (Sum ofCok g + 3) 9087 / 3 = I; 3,029 <br />G. Maximum benefit level per statutory schedule effective through 12/30/03 ..................................... $ 5,600 <br /> <br />H. Maximum benefit level per statutory schedule effective 12/31/03. <br /> ............................................. $ 5,600 <br /> <br /> Lines G and H reflect your maximum benefit level for the periods cited. You may not establish a hi~her benefit level These figures will be <br /> identical m all cases except where average available financing yields a maximum at the statutoky cap. <br /> <br /> <br />