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Form SC-04 ELK RIVER / Page 4 <br /> <br />Projection of Surplus or (Deficit) as of December 31, 2004 <br /> <br /> Projected Assets (Line 4) <br /> <br /> 2004 Accrued Liability (Page 3, cell A) <br /> <br /> Surplus or (Deficit) (Line 5 minus Line 6) <br /> Complete Section II below. <br /> <br />Calculation of Municipal Contribution <br /> <br /> A. <br /> <br />1,539,265 <br />1,664,129 <br />(124,864) <br /> <br />If Line 7 is positive, complete this section: <br /> <br /> Normal Cost (Page 3, cell C) <br /> <br /> Projected Administrative Expense (2003 Adrnin. Exp. x 1.035) <br /> <br /> State Fire Aid <br /> <br /> Member Dues <br /> <br /> 5% of Projected Assets at December 31, 2004 (Line 4 x 0.05) <br /> <br /> 10% of Surplus (Line 7 x 0.10) <br /> <br /> Municipal Contribution (Add Lines 8 and 9, subtract Lines 10, 1 I, 12 and 13) <br /> <br />8 <br /> <br />9 <br /> <br />10 <br /> <br />11 <br /> <br />12 <br /> <br />13 <br /> <br />14 <br /> <br />Bo <br /> <br />If Line 7 is negative, complete this section: <br /> <br /> Deficit Table <br /> <br />Yearlncu~ed <br /> <br /> 1995 <br /> 1996 <br /> 1997 <br /> 1998 <br /> 1999 <br /> 2000' <br /> 2001 <br /> 2002 <br /> 2003 <br /> 2004 <br /> <br />Totals <br /> <br />Original Amount <br /> 0 <br /> 0 <br /> 0 <br /> 0 <br /> 0 <br /> 0 <br /> 0 <br /> <br /> 0 <br /> 101,322 <br /> <br /> 57,137 <br /> 158,459 <br /> <br />Amt Retired 12/31/04 <br /> 0 <br /> 0 <br /> 0 <br /> 0 <br /> 0 <br /> 0 <br /> 0 <br /> <br /> 0 <br /> 33,595 <br /> <br /> 33,595 <br /> <br />Left to Retire 1/1/05 <br /> 0 <br /> 0 <br /> 0 <br /> 0 <br /> 0 <br /> 0 <br /> 0 <br /> 0 <br /> 67,727 <br /> <br /> 57,137 <br /> 124,864 <br /> <br />Deficit (Line 7) <br /> A [ 124,864I <br />Left to Retire Total <br /> B [ 67,727I <br />A minus B <br /> <br />If line C is positive, this is the new additional deficit for 2004. Enter the amount in Original Amount and Left <br /> to Retire Columns. If line C is negative, reduce prior deficits according to the separate Schedule instructions. <br /> <br />15 <br /> <br />16 <br /> <br />17 <br /> <br />18 <br /> <br />19 <br /> <br />20 <br /> <br />21 <br /> <br />Amortization of Deficit (Total of Original Amount column x 0.10) <br /> <br />Normal Cost (Page 3, cell C) <br /> <br />Projected Administrative Expense (2003 Admin. Exp. x 1.035) <br />State Fire Aid <br />Member Dues <br /> <br />5% of Projected Assets at December 31, 2004 (Line 4 x 0.05) <br /> <br /> Municipal Contribution (Add Lines 15, 16 and 17, subtract Lines 18, 19 and 20) <br /> <br /> No municipal contribution due in 2005. <br /> <br />15,846 <br />150,189 <br />3,037 <br />112,146 <br />39 <br />76,9631 <br /> <br />(20,076)i <br /> <br /> <br />