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<br />Elk River Fire Department Relief Association <br />March 17, 2006 <br /> <br />Investment Activities <br /> <br />The primary function of the Plan is to (a) appropriately award and pay benefits and (b) manage investments. Investment growth <br />and income is vital to the Plan's current and continued financial stability. Therefore, the Board of Trustees has a fiduciary <br />responsibility to act prudently and with diligence when making Plan investment decisions. <br /> <br />Contacting the Plan's Financial Management <br /> <br />The financial report is designed to provide citizens, taxpayers, plan participants and the marketplace's credit analysis with an <br />overview of the Plan's finances and the prudent exercise of the Board's oversight. If you have any questions regarding this report <br />or need additional financial information, please contact the Elk River Fire Relief Association, 13065 Orono Parkway, Elk River, <br />Minnesota 55330. <br /> <br />-VII- <br />