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Elk River Fire Department Relief Association <br /> May 1,2013 <br /> M id 7M Page 4 <br /> c0 <br /> Peer Group Comparisons <br /> The following are two comparisons of statistics that will provide information on how your organization compares with other fire relief <br /> associations around the State.We used averages from approximately 60 fire relief associations with under$200,000 in assets to <br /> several million in assets.These averages include a 5-year trend of the rate of return and a 5-year trend of funding percentage as <br /> compared to averages of the other 60 relief associations. <br /> Averages Calculation 2008 2009 2010 2011 2012 <br /> Average rate of returns Net investment income/ (33.1%) 22.5% 8.0% (1.9%) 9.0% <br /> average assets (22.001.) 14.7% 8.1% (0.8%) <br /> Percentage funded Assets/accrued liability 70.9% 87.2% 91.3% 89.0% 96.3% <br /> 83.2% 91.6% 99.3% 98.2% N/A <br /> Elk River Fire Relief Association <br /> Peer Group <br /> Rate of Return <br /> The rate of return is calculated by taking the net investment income and dividing it by the beginning assets.This will show a trend of <br /> your returns over a 5-year period and show your performance related to other relief associations. <br /> 30.0% <br /> 22.5% <br /> 20.0% <br /> 8.1% <br /> 10.0% <br /> 14.7% o (0.8%) 9.0% <br /> 8 <br /> (10.0%) (1.90/0) <br /> (22.0%) <br /> (20.0%) or <br /> (30.0%) <br /> (40.0%) (33.1%) <br /> 2008 2009 2010 2011 2012 <br /> tAssociation rate (Peer group average <br /> 952.835.9090 • Fax 952.835.3261 <br /> w ww.aemcpas.corn <br />