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<br />AUG 23 '93 09:47AM GMI TAX DEPARTMENT 612 540 3250 <br /> <br />P.3/3 <br /> <br />The Honorable Hank Duitsman <br />August 18, 1993 <br />Page 2 <br /> <br />e <br /> <br />historical information footnote disclosure as part of its audit. <br /> <br />Without the benefit increase the city has moved into a required contribution position until <br />the deficit of $38,676 has been retired. The deficit increases due to the increase in benefits by <br />$100 for each member for each fully vested year of service. <br /> <br />We will be writing to the relief association regarding the errors related to 1993' s calculated <br />required contribution. We will advise them to re-certify the correct numbers to you for payment <br />by December 31, 1993. Your assistance in sending the Schedule I, &. II filed in 1993 for 1994 <br />is appreciated. <br /> <br />With best regards. <br /> <br />Sincerely, <br /> <br />IU~~ <br /> <br />General Counsel <br /> <br /> <br />e <br /> <br />1M]: tp <br /> <br />cc: Lawrence Martin, Legislative Commission on Pensions & Retirement <br />Randy Sykes, Elk River Firemen's Association <br /> <br />e <br />