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SCHEDULE II . <br /> <br /> Section 1. PROJECTION OF SPECIAL FUND ASSETS TO DECEMBER 31, 1996 <br /> ASSETS AT JANUARY 1, 1996 (12/31/95) 1. $ 895,562 <br /> PROJECTED INCOME TO DECEMBER 31. 1996 <br /> A) Minn. State Aid $ 42,091 <br /> · B) City Contribution 35,000 <br /> C) Donations, etc. 0 <br /> D) Investment Income 44,778 <br /> E} Realized Gains {losses) 0 <br /> F) Unrealized " (lossesl n <br /> · G) Other income ' <br />TOTAL OF LINES A THROUGH G ............... =- 2. $ 121,869 <br />PROJECTED ASSETS PLUS INCOME 12/31/96 3. $ 1,017,431 <br />Projected Disbursements through_end of this year <br /> H) Pensions ~ 0 <br /> I) Other benefits 0 <br /> J) Administrative 2,650 <br />TOTAL OF LINES H-I-J ......... <br /> 4. $ 2,650 <br />PROJECTED ASSETS AT 12/31/96 (L.3 - L.4) 5. $ 1,014,781 <br /> <br />Section 2. Determination of projected SURPLUS or DEFICIT @ 12/31/96. <br /> <br />Projected Assets (Line 5] 6. <br />Accrued Liability (Line ~, Schedule 1) 7 ~1,026,9881,014,781 <br />If L.6 > L.7, enter difference: SURPLUS Sa. $ 0 <br />If L.7 > L.6, enter difference: DEFICIT Bb. $ 12,207-' <br /> **Go to Section 3 if SURPLUS *** To Section 4 if DEFICIT** <br /> <br /> Section 3. <br /> <br /> Normal Cost (line C, Schedule 1) <br /> Calculated Adm. Expense (95 amt x 1.035) <br /> Less: <br /> ~1Minn- State Aid $ 0 <br /> 5% of Line 5 0 <br /> 10% of Line 8a 0 <br /> Total Subtractions <br />1997 City Contribution if SURPLUS exists (L. Sa) <br /> <br />Determination of 1997 Municipal Contribution (if SURPLUS) <br /> <br /> 9. 0 <br /> 10 ~ 0 <br /> <br />11. $ 0 <br /> <br />12. $ 0 <br /> <br />Section 4. <br /> <br />Determination of Municipal Contribution (if DEfiCIT) <br /> <br />Amortization of deficit(s) incurred <br />prior to end of 1996 <br /> <br />YR ORIGIN. AMT RET AMT LEFT <br />INCUR. AMOUNT PREV TO RETIRE <br />19 (1) (2) (3~ <br />19 0 <br />19 0 <br />Totals 0 <br /> <br /> 0 0 <br /> TOT ORIG DEF 0 X .10 = ..... 13a. $ <br /> Deduct col (3) total from L. Bb. <br /> If col 3 < L.Sb, difference is a <br /> NEW DEFICIT. <br /> <br /> Normal Cost (Line C, Sch.1 --- 14. <br /> Expense <br /> Calculated <br /> Total Costs lines 13a+13b+14+15 16 <br /> LESS: · <br /> <br /> q) Minn. State Aid ...... <br /> 42,091 <br /> r) 5% of Line 5--- <br /> 50,739 <br /> Total Subtractions <br /> 17. $ <br />1997 City Contribution, if DEFICIT exists 18. <br /> <br /> 0 <br />1,221 <br /> <br />89,474 <br /> <br />92,830 <br /> <br />(3,356) <br /> <br /> <br />