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<br /> ELK RIVER FIRE DEP ARTME1\7 RELIEF ASSOCIATION
<br /> ELK ~R, 1ffi\TN"bSOT A
<br /> REQlJlRED S1JPPLE1vfEl\TTARY ll\ifOR1vfATION
<br /> DECEMBER 31, 2005 ,A.:N1) 2004
<br />A. Schedule of Funding Progress
<br /> Assets in
<br /> Excess of
<br /> Actuarial Actuarial Actuarial (Unfunded) Benefit
<br /> Valuation Value of Accrued Accrued Funded per Year
<br /> Date Assets Liability Liability Rate of Service
<br /> 12/31/05 $ 1,886,585 $ 1,781,082 $ 105,503 105.9 % $ 4,000
<br /> 12/31/04 1,646,533 1,664,129 (17,596) 98.9 4,000
<br /> 12/31/03 1,354,326 1,378,916 (24,590) 98.2 3,575
<br /> 12/31/02 1,037,180 1,267,510 (230,330) 81.8 3,575
<br /> 12/31/01 1,093,828 1,223,881 (130,053) 89.4 3,575
<br /> 12/31/00 1,273,996 .1,305,344 (31,348) 97.6 3,370
<br /> 12/31/99 1,309,219 1,134,930 174,289 115.4 2,900
<br /> 12/31/98 1,390,291 1,155,967 234,324 120.3 2,674
<br /> 12/31/97 1,192,103 1,088,123 103,980 109.6 2,500
<br />
<br />B. Schedule of Employer Contributions
<br />
<br />Year
<br />Ending
<br />
<br /> Annual Percentage
<br /> Required of APC
<br />Contribution Contributed
<br />$ 136,429 120.6 %
<br /> 147,589 117.0
<br /> 112,146 123.0
<br /> 88,790 126.0
<br /> 75,947 131.0
<br /> 64,092 139.0
<br /> 61,600 135.0
<br /> 59,352 134.0
<br /> 55,308 163.0
<br />
<br />12/31/05
<br />12/3 1/04
<br />12/31/03
<br />12/31/02
<br />12/31/01
<br />12/3 1/00
<br />12/31/99
<br />12/31/98
<br />12/31/97
<br />
<br />c. Notes to Supplementary Information
<br />
<br />Valuation date
<br />
<br />12/31/05
<br />
<br />Actuarial cost method
<br />
<br />Entry age normal
<br />
<br />. Amortization method
<br />
<br />Level dollar closed
<br />
<br />Remaining amortization period
<br />Normal cost
<br />Prior service cost
<br />
<br />20 years
<br />5 years
<br />
<br />Asset valuation method
<br />
<br />Market
<br />
<br />Actuarial assumptions
<br />Investment rate of return
<br />Proj ected salary increases
<br />Inflation rate
<br />Cost of living adjustments
<br />
<br />5%
<br />N/A
<br />N/A
<br />None
<br />
<br />-9-
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