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Section 1. PROJECTION OF SPECIAL FUND ASSETS TO DECEMBER 31, 2001 <br /> ASSETS AT JANUARY 1, 2001 (12/31/00) ....... 1. $ 967,955 <br /> PROJECTED INCOME TO DECEMBER 31. 2001 <br /> A) Minn. State Aid ~ 56,000 <br /> B) City Contribution 0 <br /> C) Donations, etc. 0 <br /> D) Investment Income 58,077 <br /> E) Realized Gains (losses) 0 <br /> F) Unrealized ', (losses% 0 <br /> G) Other income ' 0 <br /> TOTAL OF LINES A THROUGH G ........ <br /> 2. $ 114,077 <br /> PROJECTED ASSETS PLUS INCOME 12/31/01 3. $ 1,082,032 <br /> Projected Disbursements through end of this year <br /> H) Pensions $ 119,250 <br /> I) Other benefits 2,000 <br /> J) Administrative 2,900 <br /> TOTAL OF LINES H-I-J ......... <br /> 4. $ 124,150 <br /> PROJECTED ASSETS AT 12/31/01 (L.3 - L.4) 5. $ 957,882 <br /> Section 2. Determination of projected SURPLUS or DEFIC~ ~ ~~====== <br /> Projected Assets (Line 5) 6. 957,882 <br />Accrued Liability (Line B, Schedule 1) 7. ~ 1,005,274 <br />If L.6 > L.7, enter difference: SURPLUS ea. $ 0 <br />If L.7 > L.6, enter difference: DEFICIT Bb. $ 47,392 <br /> **Go to Section 3 if SURPLUS *** To Section 4 if DEFICIT** <br /> <br />Section 3. Determination of 2002 Municipal Contribution (if SURPLUS) <br /> <br />Normal Cost (line C, Schedule 1) 9. 0 <br />Calculated Adm. Expense (97 amt x 1.035) 10. ~ 0 <br /> <br /> Less: <br /> ~/Minn' State Aid $ 0 <br /> 5% of Line 5 0 <br /> 10% of Line 8a <br /> Total Subtractions 0 <br /> <br />2002 City Contribution if SURPLUS exists (L. Sa) <br /> <br />11. $ o <br /> <br />12. $ 0 <br /> <br /> Section 4. <br /> Amortization of defici~ incurred <br /> prior to end of <br /> <br /> YR ORIGIN. AMT RET AMT LEFT <br /> INCUR. AMOUNT PREV TO RETIRE <br /> 1) 2 3 <br /> 1999 12,710 3,725 8,985 <br /> 2000 5,546 555 4,991 <br /> Totals 43,473 14,364 29,109 <br /> TOT ORIG DEF 43,473 ........... X .10 = ..... 13a $ <br /> Deduct col (3) total from L. Bb. ' <br /> If col 3 < L.eb, difference is a <br /> NEW DEFICIT. $ 18,283 X .10 = ........ 13b. $ <br /> Normal Cost (Line C, Sch. 14. <br /> Calculated Adm. Expense (9~)a~ x 1.035) ..... 15. ~ <br /> Total Costs lines 13a+13b+14+15 16 <br /> LESS: · <br /> q) Minn. State Aid ...... <br /> r) 5% of Line 5 .......... ~ 56,000 <br /> 47,894 <br /> Total Subtractions <br /> 17. $ <br />2002 City Contribution, if DEFICIT exists 18. $ <br /> <br />Determination of Municipal Contribution (if DEFICIT) <br /> <br /> 4,347 <br /> <br /> 1,828 <br /> <br />94,622 <br />3,002 <br /> <br />103,800 <br /> <br />103,894 <br /> <br />(94) <br /> <br /> <br />