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<br />. <br /> <br />. <br /> <br /> <br />Elk River Fire Department Relief Association <br />March 17, 2006 <br />Page Four <br /> <br />Other items <br /> <br />Investment return <br /> <br />A summary of the investment rate of return is summarized below: <br /> <br /> Net Assets <br /> Appreciation Total Held in <br /> (Depreciation) Investment Trust for Investment <br /> Investment of Income Pension Rate of <br />Year Income Investments (Loss ) Benefits Return <br />2003 $ 2,659 $ 179,890 $ 182,549 $ 1,354,325 13.48 % <br />2004 2,159 119,871 122,030 1,646,533 7.41 <br />2005 3,168 75,276 78,444 1,886,585 4.16 <br /> <br />Investment Rate of Return <br /> <br />16.00% <br /> <br />13.48% <br /> <br />14.00% <br /> <br />8.00% <br /> <br /> <br />7.41% <br /> <br />12.00% <br /> <br />10.00% <br /> <br />6.00% <br /> <br /> <br />4.16% <br /> <br />4.00% <br /> <br />2.00% <br /> <br /> <br />2003 <br /> <br />2004 <br /> <br />2005 <br /> <br />952.835.9090 . Fax 952.835.3261 <br /> <br />www.aemcpas.com <br />