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1RlF®gMATION
<br />ELK RIVER FIRE RELIEF ASSOCIATION
<br />Option #1 Budget
<br />Year State Fire Aid Percent Amount Year Actual
<br />2000 $ 64,092 18% $ 11,536.56 $ 22,000
<br />2001 75,947 18°k 13,670.46 22,650
<br />2002 88,790 18% 15,982.20 23,400
<br />2003 112,146 18% 20,186.28 24,100
<br />2004 147,589 18% 26,566.02 24,800
<br />2005 136,429 18% 24,557.22 28,100
<br />2006 146,455 18% 26,361.90 2008 28,950
<br />Estimated @ 7% increase in Fire Aid
<br />2007 156,707 18% 28,207.23 2009 29,800
<br />2008 167,676 18% 30,181.74 2010
<br />2009 179,414 18% 32,294.46 2011
<br />2010 191,973 18% 34,555.07 2012.
<br />2011 205,411 18% 36,973.93 2013
<br />2012 219,789 18% 39,562.10 2014
<br />Note: This is a voluntary contribution to the Fire Relief Association.
<br />*available on September 15, 2007. Future amounts could increase or decrease in subsequent years.
<br />The Relief Association will fund an actuarial review on a periodic basis, with the first one completed
<br />prior to the 2009 benefit level in calendar year 2008. A presentation will be made to the Council.
<br />The voluntary contribution for 2008 budget would be based on 2006 audited amount times the
<br />18% for a 2008 budget amount of $26,362.
<br />Fire state aid is derived primarily from a two percent tax on insurance premiums and is allocated based
<br />on half on the market values and half on the population of each fire district. -Office of the State Auditor
<br />Option #2
<br />3% increase
<br />2006 28,950.00
<br />2007 29,800.00
<br />2008 30,694.00
<br />2009 31,614.82
<br />2010 32,563.26
<br />2011 33,540.16
<br />2012 34,546.37
<br />2013 35,582.76
<br />2014 36,650.24
<br />2015 37,749.75
<br />Option #3
<br />Comparable City Average
<br />Elk River 2005 State Aid $ 136,429
<br />Plus 25% $ 170,536
<br />Minus 25% $ 102,322
<br /> Funding Pension
<br />City State Aid Contribution Ratio Amount
<br />1 Alexandria $ 117,948 $ 116,840 86% $ 5,665
<br />2 Bemidji $ 149,741 $ 33,431 111% $ 3,750
<br />3 Cataract $ 103,969 $ 60,000 96% $ 3,200
<br />4 Centennial $ 149,114 $ 23,500 110% $ 3,500
<br />5 Elk River $ 136,429 $ 28,100 106% $ 4,000
<br />6 Excelsior $ 168,637 $ 85,234 112% $ 5,000
<br />7 Forest Lake $ 126,544 $ 7,146 94% $ 4,100
<br />8 Golden Valley $ 156,619 $ 2,882 116% $ 6,000
<br />9 Grand Rapids $ 119,368 $ 24,114 108% $ 5,000
<br />10 Hastings $ 160,422 $ - 116% $ 3,750
<br />11 New Brighton $ 128,599 $ 31,340 101% $ 4,500
<br />12 Northfield $ 134,863 $ 46,814 92% $ 6,600
<br />13 Oakdale $ 155,341 $ - 117% $ 3,850
<br />14 Owatonna $ 146,784 $ - 103% $ 3,500
<br />15 Prior Lake $ 169,893 $ 20,000 115% $ 4,400
<br />16 Red Wing $ 104,842 $ - 225% $ 800
<br />17 Rosemount $ 103,671 $ 139,100 103% $ 5,300
<br />18 Stillwater $ 162,719 $ - 124% $ 4,200
<br /> Average $ 34,361 $ 4,284
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