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Section 1. <br /> <br /> SCHEDULE II <br /> <br />PROJECTION OF SPECIAL FUND ASSETS TO DEC~H 31, 1997 <br /> <br />ASSETS AT JANUARY 1, 1997 (12/3]/96)- <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 />?HOJ~CTED ASSETS PLUS INCOME ]2/3]/97 <br />Projected Disbursements throughsend 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 />PHOJECTED ASSETS AT ]2/3]/97 {L.3 - 1..4) <br /> <br />I. $ 1,001,056 <br /> <br />2. $ 160,867 <br /> <br />3. $ ],16],923 <br /> <br />4. $ 2,200 <br /> <br />5. $ 3,359,723 <br /> <br />Section 2. Determination of projected SURPLUS or DEFICIT @ ]2/31/97. <br />Projected Assets (Line 5) 6. <br />Accrued Liability (Line B, Schedule ]) 7. ~ <br /> ,250,988 <br /> <br />If L.6 > L.7, enter difference: SURPLUS Sa. ~ 0 <br />If L.7 > L.6, enter difference: DEFICIT Bb. 91,265 <br /> **Go to Section 3 if SURPLUS *** To Section 4 if DEFICIT** <br /> <br />Section 3. Determination of ]998 Municipal Contribution (if SURPLUS) <br /> <br />Normal Cost (line C, Schedule 1) · <br />Calculated Adm. Expense (96 amt x 1.035) <br />Less: <br /> ~/ Minn. State Aid $ <br /> 5% of Line 5 <br /> 10% of Line 8a <br /> Total Subtractions <br /> <br />0 <br />0 <br /> <br />9. 0 <br />10. i 0 <br /> <br />1]. $ o <br /> <br />1998 City Contribution if SURPLUS exists (L. 8a) 12. $ <br /> <br /> Section 4. <br /> <br />Amortization of deficit(s) incurred <br />prior to end of ]997 <br /> <br />Determination of Municipal Contribution (if DEFICIT) <br /> <br />TOT OHIG DEF 0 X .]0 ...... ]3a. $ <br />Deduct col (3) total from L. Bb. <br />If co] 3 < L.Sb, difference is a <br /> NEW DEFICIT. $ 91,265 X .10 ......... 13b. $ <br /> <br />Normal Cost. (Line C, Scb <br />Calculated adm. Expense (9'6)a mt x 1.035) <br /> <br /> Total Costs lines ]3a+13b+]4+15. <br /> LESS: <br />q) Minn. State. Aid ~ 55,793 <br />r) 5% of Line D ~ <br /> 57 <br /> ,986 <br />Total Subtractions <br /> <br />1998 City Contribution, if DEFICIT exists <br /> <br /> 14. <br />..... 15.~ <br /> 16. <br /> <br /> 9,127 <br /> <br />101,810 <br /> 2,277 <br /> <br />113~214 <br /> <br />17. $ 113,779 <br /> <br />]8. $-O- (565) <br /> <br /> YR ORIGINAL AMT RET AMT LEFT <br />INCUN. AMOUNT PREV TO RETIRE <br /> (1) (2) (3~ <br />]9 <br />19 0 <br />39, 0 <br />Totals 0 0 0 <br /> <br /> <br />