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SCHEDULE II <br /> <br /> Section 1. PROJECTION OF SPECIAL FUND ASSETS TO DECEMBER 31, 1999 <br /> ASSETS AT JANUARY 1, 1999 (12/31/98) 1. $ 965,304 <br /> PROJECTED INCOME TO DECEMBER 31, 1999 <br /> A) Minn. State Aid $ 52,000 <br /> B) City Contribution 0 <br /> C) Donations, etc. 0 <br /> D) Investment Income 57,918 <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. $ 109,918 <br /> PROJECTED ASSETS PLUS INCOME 12/31/99 3. $ 1,075,222 <br /> Projected Disbursements through end of this <br /> H Pensions $ 14~, year <br /> Other benefits <br /> Administrative 2~000 <br /> 800 <br /> TOTAL F LINES H-I-J ........ 4. $ 153,000 <br /> PROJECTED ASSETS AT 12/31/99 (L.3 - L.4) 5. $ 922,222 <br /> <br /> Section 2. Determination of projected SURPLUS or DEFICIT @ 12/31/99. <br /> Projected Assets (Line 5) 6. <br /> Accrued Liability (Line B, Schedule 1) 7. ~ 922,222 <br /> 952,506 <br /> If L.6 > L.7, enter difference: SURPLUS 8a 0 <br /> If L.7 > L.6, enter difference: DEFICIT 8bi ~ 30,284 <br /> **Go to Section 3 if SURPLUS *** To Section 4 if DEFICIT** <br /> <br /> Section 3. Determination of 2000 Municipal Contribution (if SURPLUS) <br /> <br /> Normal Cost (line C, Schedule 1 0 <br /> Calculated Adm. Expense (97 amt)x-~--- 1~ ~ 0 <br /> Less: <br /> ~lMinn' State Aid $ 0 <br /> 5% of Line 5 0 <br /> 10% of Line 8a <br /> Total Subtractions 0 <br /> 11. $ 0 <br /> 2000 City Contribution if SURPLUS exists (L. Sa) 12. $ 0 <br /> <br /> Section 4. Determination of Municipal Contribution (if DEFICIT) :==== ..... <br /> Amortization of deficit(s) incurred <br /> prior to end of 1997 <br /> YR ORIGIN. AMT RET AMT LEFT <br /> INCUR. AMOUNT PREV TO RETIRE <br /> 1) 2 <br /> 19 <br /> 19 0 <br /> 0 <br /> Totals 25,217 7,643 17,574 <br /> TOT ORIG DEF 25,217 --- X 10 = ..... 13a. $ 2,522 <br /> Deduct col (3) total from L. Bb. ' <br /> If col 3 < L.Sb, difference is a . <br /> NEW DEFICIT. $ 12,710 X .10 = ........ 13b. $ 1,271 <br /> Normal Cost (Line C, Sch. 1) 14. 9~ <br /> Calculated Adm. Expense (97 amt x 1 035) 15. ~ 104 <br /> ...... 898 <br /> Total Costs lines 13a+13b+14+15 ............ <br /> LESS: 16. 97,794 <br /> q) Minn. State Aid <br /> r) 5~ of Line 5 .......... ~ 52,000 <br /> 46,111 <br /> Total Subtractions <br /> 17. $ 98,111 <br />2000 City Contribution, if DEFICIT exists 18. $ (317) <br /> <br /> <br />