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SCHEDULE II <br /> <br />Section 1. <br /> <br />ASSETS AT JANUARY ], 1997 (]2/3]/96) <br /> <br />PROJECTION OF SPECIAL FUND ASSETS 7'0 DECEMBER 31, 1997 <br /> ]. $ ],00],056 <br /> <br />PROJECTED INCOME TO DECEMBER 31, 1997 <br /> A) Minn. State Aid $ 55,793 <br /> B) City Contribution 35,000 <br /> C) Donations, etc. 0 <br /> D) Investment Income 70,074 <br /> E) Realized Gains (losses) 0 <br /> F) Unrealized " (losses) 0 <br /> G) Other income 0 <br />TOTAL OF LINES A THROUGH G <br /> <br />PHOJECTED ASSETS PLUS INCOME 12/3]/97 <br /> <br />Projected Disbursements through end of this year <br /> H) Pensions $ 0 <br /> I) Other benefits 0 <br /> J) Administrative 2,200 <br />TOTAL OF LINES H-I-J <br /> <br />PROJECTED ASSETS AT 12/3]/97 (L.3 - L.4) <br /> <br />2. $ ]60,867 <br />3. $ ],]6],923 <br /> <br />4. $ 2,200 <br /> <br />5. $ ],159,723 <br /> <br />Section 2. Determination of projected SURPLUS or DEFICIT @ 32/33/97. <br /> <br />Projected Assets (Line 5) 6.~ ~,159,723 <br />Accrued Liability (Line B, Schedule ]) 7. $ ], <br /> 159 <br /> ,322 <br /> <br />If L.6 > L. 7, enter difference: SURPLUS 8a. ~ 401 <br />If L.7 > L.6, enter difference: DEFICIT Bb. 0 <br /> **Go to Section 3 if SURPLUS *** To Section 4 if D~FICIT** <br /> <br />Section 3. <br /> <br />Normal Cogt (line C, Schedule 1) <br />Calculated Adm. Expense (96 amt x 1.035) <br />Less: <br /> K) Minn. State Aid $ 55,793 <br /> 51 of Line 5 57,986 <br /> 101 of Line 8a 40 <br /> Total Subtractions <br /> <br />Determination of 1998 Municipal Contribution (if SURPLUS) <br /> <br /> 9. 94,085 <br /> 10. ~ 2,277 <br /> <br />1998 City Contribution if SURPLUS exists (L. <br /> <br />333,839 <br /> <br />32. Sro.. (37,457) <br /> <br /> Section 4. <br /> <br />Amortization of deficit(s) incurred <br />prior to end of 3997 <br /> <br />Determination of Municipal Contribution (if DEFICIT) <br /> <br />3{ .30 ...... 33a. $ <br /> <br />OX .10 = <br /> <br /> YR ORIGINAL AMT RET AMT LEFT <br />/NCUR. AMOUNT PREV TO RETIRE <br /> (1) (2) (3~ <br />39 <br />19 0 <br />39 0 <br />Totals 0 0 0 <br /> TOT gRIG DEF 0 <br /> Deduct col (3) total from L. Bb. <br /> If co] 3 < L.Sb, difference is a <br /> NEW DEFICIT. $ <br /> <br />Normal. Cost (Line C, Sch <br />Calculated adm. Expense (96)amt x 1.035) <br /> <br /> Total. Costs lines 13a+13b+14+35 <br /> LESS: <br />q) Minn. State. Aid ~ 0 ' <br />r) 5% of Line u .... $ 0 <br />Total Subtractions <br /> <br />1998 City Contribution, if DEFICIT exists <br /> <br />13b. $ 0 <br /> <br /> 14. 0 <br /> 15. ~ 0 <br /> <br /> ]6. 0 <br /> <br />i7. $ 0 <br /> <br />38. $ o <br /> <br /> <br />