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<br />JUL-08-1999 THU 11:01 AM CRETEX PURCHASING
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<br />FAX NO, 6122418210
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<br />p, 12/12
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<br />:fl >
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<br />ELK RIVER FIRE DEPARTMENT RELIEF ASSOCIATION
<br />ELK RlVER, MINNESOTA
<br />REQUIRED lIISTORICAL TREND INFORMATION
<br />DECEMBER 31, 1998
<br />
<br />Historical trend information related to the pension plan is presented here. The infonnation is presented to en<lble the
<br />reader to assess the progress made by the Relief Association in accumulating sufficient assets to pay pension benefits
<br />as they become due.
<br />
<br />This information is intended to help readers of the financial statements assess the Relief Association's funding status
<br />on a going-concern basis, assess progress made in accumulating assets to pay benefits when due, and make
<br />comparisons with other reliefussociations.
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<br /> Funded
<br /> (Unfunded)
<br /> Net Assets Pension Pension
<br /> Available Benefit Percentage Benefit
<br /> for Benefits Obli"ation Funded ObIilZation
<br /> 1998 $ 1,390,291 $ 1,IS5,967 120.3~ -;-234,324 =:J
<br /> 1997 1,192,103 1,088,123 109. Yo 103,980
<br /> 1996 ],001,056 953,938 104. - 47,118
<br /> 1995 895,562 906,891 98.8 ...-.- =T:m1
<br /> 1994 759,890 779,372 91.5. (19,482)
<br /> 1993 764.918 763,098 100.2 1,820
<br />. ]992 658,625 636.918 103.4 21,707
<br />1991 568,624 S67,949 ]00,1 675
<br /> 1990 475,001 553,039 85.9. (78,038)
<br /> 1989 466,410 49'.085 93.8 (30,675 )
<br /> Revenue bv Source Expenses by Type
<br /> City. State
<br /> and Other Investment Other Benefit Administrative
<br /> Contribution Income Income Payments Expenses
<br /> 1998 $ 79.502 $ 120,631 (I) $ $. $ 1,945
<br /> 1997 90,308 103,056 (2) 2,317
<br /> 1996 73,630 60,923 Pl 26,850 2,209
<br /> 1995 43,754 93,246 (~l 1.328
<br /> 1994 60,526 19,402 82,400 2,556
<br /> 1993 57,514 48,449 2,816 2.486
<br /> 1992 58,590 33,450 506 2,545
<br /> 1991 60,907 39,373 33,295 38,00l} 1,767
<br /> 1990 56,321 33,357 (8,374 ) 70,200 ' 1,563
<br /> 1989 51,297 32,358 13,672 38,500 1,225
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<br />.9~
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<br />~
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<br />(4)
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<br />Includes increase in market value of $45,121.
<br />Includes increase in market value of$14,698.
<br />Includes decrease in market value of $7,569.
<br />Includes increase in market value of $45,354.
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