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SCHEDULE II <br /> <br />Section 1. <br /> <br />ASSETS AT JANUARY 1, 1998 (12/31/97) <br /> <br />PROJECTION OF SPECIAL FUND ASSETS TO DECEMBER 31, 1998 <br /> 1. $ 965,304 <br /> <br />PROJECTED INCOME TO DECEMBER 31. 199~0' <br /> A) Minn. State Aid $ 00~ <br /> B) City Contribution <br /> C) Donations, etc. <br /> D) Investment Income 57,91 <br /> E) Realized Gains (losses) <br /> F) Unrealized " flosse~l <br /> G) Other income ' <br />TOTAL OF LINES A THROUGH G <br /> <br />PROJECTED ASSETS PLUS INCOME 12/31/98 <br />Projected Disbursements through end of this year <br /> H) Pensions $ 78,000 <br /> I) Other benefits 1,000 <br /> J) Administrative 2,650 <br />TOTAL OF LINES H-I-J ........ <br /> <br />PROJECTED ASSETS AT 12/31/98 (L.3 - L.4) <br />Section 2. <br /> <br />2. $ 107,918 <br /> <br />3. $ 1,073,222 <br /> <br />4. $ 81,650 <br /> <br />5. $ 991,572 <br /> <br />Determination of projected SURPLUS or DEFICIT @ 12/31/98. <br /> <br />Projected Assets (Line 5) 6. 991,572 <br />Accrued Liability (Line B, Schedule 1) 7 ~ 1,011,668 <br />If L.6 > 5.7, enter difference: SURPLUS 8a ~ ~ 0 <br />If L.7 > L.6, enter difference: DEFICIT 8b~ 096 <br /> **Go to Section 3 if SURPLUS *** To Section 4 if DEFICIT ' <br /> <br />Section 3. Determination of 1999 Municipal Contribution (if-~URPLUS) ......... <br /> <br />Normal Cost (line C, Schedule <br />Calculated Adm. Expense (97 amt 1.035) <br /> <br /> 9. 0 <br />10 ~ 0 <br /> <br /> Less: <br /> ~1Minn' State Aid $ 0 <br /> 5% of Line 5 0 <br /> 10% of Line 8a 0 <br /> Total Subtractions <br />1999 City Contribution if SURPLUS exists (L. 8a) <br /> <br />11. $ 0 <br /> <br />12. $ 0 <br /> <br />Section 4. <br /> <br />Amortization of deficit(s) incurred <br />prior to end of 1997 <br /> <br />YR <br />INCUR. <br /> <br />1997 <br /> 19 <br /> <br />Determination of Municipal Contribution (if-DEFICIT) <br /> <br />ORIGIN. AMT RET AMT LEFT <br /> AMOUNT PREV TO RETIRE <br /> 2 <br /> <br /> 0 <br /> <br />17. $ <br />18. $ <br /> <br /> 19 0 <br /> Totals 25,217 5,121 20,096 <br /> TOT ORIG DEF 25,217 X 10 = ..... 13a. $ <br /> Deduct col (3) total from L. Bb. ' <br /> If col 3 < L.8b, difference is a <br /> NEW DEFICIT. $ 0 X .10 = ........ 13b. $ <br /> Normal Cost (Line C, Sch. 1) 14. <br /> Calculated Adm. Expense (97 amt x 1.035) ..... 15. ~ <br /> Total Costs lines 13a+13b+14+15 16 <br /> LESS: · <br /> q) M~nn. State Aid ...... <br /> r) 5~ of Line 5 .......... ~ 50,000 <br /> 49,579 <br /> Total Subtractions <br />1999 City Contribution, if DEFICIT exists <br /> <br /> 2,522 <br /> <br /> 0 <br /> <br />91,118 <br />2,743 <br /> <br />96,383 <br /> <br />99,579 <br />(3,195)~,~--~ <br /> <br /> <br />