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JUL. ii, 1997 8:37AM ERMC <br /> <br />Elk River Fire Department Relief Association <br />5 year projections. <br /> <br />NO. 5441 <br /> <br />, ..: -: ::' -. : ,: ..... :. <br /> <br />Scedule I! <br /> <br />.... Year §~r~e-'~-' ' <br /> Amount/yr <br /> <br />1998 $2 674 00 <br /> <br />2OOO <br /> <br />2001 <br /> <br />2002 <br />2003 <br /> <br />$1,154,382.00 <br />._$1,174,022.00 <br /> <br />Percent -- <br />Funded ..... <br /> <br />._. lOO.d~7 <br /> <br />...... 97.67~/;' <br /> <br />101.02% <br /> <br />101.17% <br /> <br />100.17% <br /> <br />100.12% <br /> <br />Line ~/~/Line #7 <br /> <br />Projection assumptions <br /> <br />State 2% contribution will increase at $2000.00/year <br />The City of Elk, River contributions is $17,500.00/year <br />Retirements of. two each odd year and one each even year , <br />Adding Fire Fighters only' as Fire Fighters retire keeping the total roster at 34 <br />Fund gains of 6% per year ,, ~, <br /> <br /> <br />