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<br />SCHEDULE II <br /> <br />------------------------------------------------------------------------------------ <br />------------------------------------------------------------------------------------ <br /> <br />Section 1. PROJECTION OF SPECIAL FUND ASSETS TO DECEMBER 31, 1994 <br />ASSETS AT JANUARY 1, 1994 (12/31/93)------- 1. $ 785,696 <br />EXPECTED INCOME TO DECEMBER 31, 1994 <br />A Minn. State Aid $ 38,514 <br />B City Contribution 19,000 <br />C Fundraisers, etc. 0 <br />D Interest, Inv. Income 43,213 <br />E Realized Gains (losses) 0 <br />F Unrealized " (losses) 0 <br />G Other income 0 <br />TOTAL OF LINES A THROUGH G----------------- <br />BEGINNING ASSETS PLUS EXPECTED INCOME------ <br /> <br />e <br /> <br />EXPECTED EXPENSE TO DECEMBER 31.1. 1994 <br />H~ Pens ions :ti 81,400 <br />I Other benefits 1,000 <br />J Administrative 1,700 <br />TOTAL OF LINES H- I -J----------------- <br />PROJECTED ASSETS AT 12/31/94 (L.3 - L.4) <br /> <br />2. $ <br />3. $ <br /> <br />100 ,727 <br />----- <br /> <br />886, 423 <br /> <br />4. $ <br />5. $ <br /> <br />84,100 <br />--------- <br /> <br />802, 323 <br /> <br />------------------------------------------------------------------------------------ <br />------------------------------------------------------------------------------------ <br /> <br />Section 2. Determination of projected SURPLUS <br />Projected Assets (Line 5) <br />Accrued Liability (Line B, Schedule 1) <br /> <br />or DEFICIT @ 12/31/94. <br /> <br />6. $ 802,323 <br />7. $ 833, 855 <br />----------------- <br /> <br />If L.6 > L.7, enter difference: SURPLUS 8a. $ 0 <br />If L.7 > L.6, enter difference: DEFICIT Bb. $ 31,532 <br />**00 to Section 3 if SURPLUS *** To Section 4 if DEFICIT** <br /> <br />------------------------------------------------------------------------------------ <br />------------------------------------------------------------------------------------ <br /> <br />e <br /> <br />Section 3. Determination of 1995 Municipal <br />Normal Cost (line C, Schedule 1) ---------- <br />Calculated Administrative Expense---------- <br />Less: <br />K~ Minn. State Aid $ 0 <br />L 5% of Line 5 0 <br />M 10% of Line 8a 0 <br />Total Subtractions --------------- <br />1995 City Contribution if SURPLUS exists (L. 8a) <br /> <br />Contribution (if SURPLUS) <br />9. $ 0 <br />10. $ 0 <br /> <br />11. $ 0 <br />--------- <br />12. $ 0 <br /> <br />------------------------------------------------------------------------------------ <br />------------------------------------------------------------------------------------ <br /> <br />Section 4. Determination of Municipal Contribution <br />Normal Cost (Line C, Sch. 1) 13. $ <br />Amortization of deficit(s) incurred <br />prior to end of 1994 <br />YR ORIGIN. AMT RET AMT LEFT <br />INCUR. AMOUNT PRE V TO RETIRE <br />(1) (2) (3) <br />19 0 <br />19 0 <br />19 0 <br />Totals 0 0 0 <br />TOT ORIG DEF 0 -------- X . 10 ------ <br />Deduct col f3) total from L. Bb. <br />If col 3 < .8b, difference is a <br />NEW DEFICIT. $ 31,532 X .10 =-------- <br />Calculated Administrative Expense ----------------- <br />Total Costs ------- <br /> <br />- <br /> <br />LESS: <br />N) Minn. State Aid ------ $ 38,514 <br />0) 5% of Line 5---------- $ 40 116 <br />Total Subtractions ------------~------------------- <br />1995 City Contribution, if DEFICIT exists (L.Bb) <br /> <br />(if DEFICIT) <br /> <br />73,508 <br /> <br />14. $ 0 <br />15. $ 3,153 <br />16. $ 1,760 <br /> ---------- <br /> $ 78,421 <br />17. $ 78,630 <br /> ------------ <br />18. $ (209) <br />