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<br />Form SC-05 <br /> <br />Projection of Surplus or (Deficit) as of December 31, 2005 <br /> <br />Projected Assets (Line 4) <br /> <br />2005 Accrued Liability (Page 3, cell A) <br /> <br />Surplus or (Deficit) (Line 5 minus Line 6) <br />Complete Section I below. <br /> <br />5 <br />6 <br /> <br />7 <br /> <br />1,871,592 <br />1,848,978 <br />22,614 <br /> <br />Calculation of Municipal Contribution <br />A. If Line 7 is positive, complete this section: <br />Normal Cost (Page 3, cell C) <br />Projected Administrative Expense (3251 x 1.035 ) <br />State Fire Aid (2004 aid may be increased by up to 3.5%) <br />Member Dues <br />5% of Projected Assets at December 31,2005 (Line 4 x 0.05) <br />10% of Surplus (Line7xO.l0) <br />Municipal Contribution (Add Lines 8 and 9, subtract Lines 10, 11, 12 and 13) <br />No municipal contribution due in 2005. <br /> <br />B. If Line 7 is negative, complete this section: <br />Deficit Table <br />I Year Incurred II Original Amount II Amt Retired 12/31/05 II Left to Retire 1/1/061 <br /> <br />1996 <br />1997 <br />1998 <br />1999 <br />2000 <br />2001 <br />2002 <br />2003 <br />2004 <br />2005 <br /> <br />ELK RIVER I Page 4 <br /> <br />8 162,554 <br />9 3,365 <br />10 152,755 <br />11 40 <br />12 93,580 <br />13 . 2,261 <br />14 (82,717) <br /> <br />Totals <br /> <br />If line C is positive, this is the new additional deficit for 2005. 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 />Amortization of Deficit (Total of Original Amount column x 0.10) <br />Normal Cost (Page 3, cell C) <br />Projected Administrative Expense (3251 x 1.035 ) <br />State Fire Aid (2004 aid may be increased by up to 3.5%) <br />Member Dues <br />5% of Projected Assets at December 31, 2005 (Line 4 x 0.05) <br />Municipal Contribution (Add Lines 15, 16 and 17, subtract Lines 18, 19 and 20) <br /> <br />15 <br />16 <br />17 <br />18 <br /> <br />19 <br />20 <br />21 <br />