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Section 1. <br /> <br />SCHEDULE II <br /> <br />ASSETS AT JANUARY 1, 2000 (12/31/99) ....... <br /> <br />PROJECTION OF SPECI ASSETS TO DEC ER <br /> <br /> 1. <br /> <br />PROJECTED INCOME TO DECEMBER 31, 2000 <br /> A) Minn. State Aid $ 54,000 <br /> B) City Contribution 0 <br /> C) Donations. etc. 0 <br /> D) Investment Income 55,333 <br /> E) Realized Gains (losses) 0 <br /> ~) Unrealized ', (losses) 0 <br /> G) Other income 0 <br />TOTAL OF LINES A THROUGH G ........ <br /> <br />922,222 <br /> <br />2. $ 109,333 <br /> <br />3. $ 1,031,555 <br /> <br /> PROJECTED ASSETS PLUS INCOME 12/31/00 <br /> Projected Disbursements through end of this year <br /> H) Pensions $ 59,800 <br /> I) Other benefits 1,000 <br /> J) Administrative 2,800 <br /> TOTAL OF LINES H-I-J ........ <br /> 4. $ 63,600 <br /> PROJECTED ASSETS AT 12/31/00 (5.3 - 5.4) 5. $ 967,955 <br /> Section 2. Determination of projected SURPLUS or DEFICIT=~=~~=~ .... <br /> Projected Assets (Line 5] ~ 967,955 <br /> Accrued Liability (Line ~, Schedule 1) ~ 1,000,069 <br /> If L.6 > L.7, enter difference: SURPLUS Sa. 0 <br /> If L.7 > L.6, enter difference: DEFICIT Bb. ~ 32 114 <br /> **Go to Section 3 if SURPLUS *** To Section 4 if DEFICIT**' <br /> <br /> Section 3. Determination of 2001 Municipal Contribution ~-~~==== ..... <br /> Normal Cost (line C, Schedule 1 9. 0 <br /> ~alculatedAdm. Expense (97 amt)x-~iSL~7--- 10 ~ 0 <br /> ~ess: <br /> ~/Minn' State Aid ' 0 <br /> 5% of Line 5 0 <br /> 10% of Line 8a <br /> Total Subtractions 0 <br /> 11. $ 0 <br />2001 City Contribution if SURPLUS exists (L. Sa) 12. $ 0 <br /> <br /> Section 4. Determination of Municipal Contribution (if DEFICIT) <br />Amortization of defici~6~ incurred <br />prior to end of <br /> <br /> YR ORIGIN. AMT RET ~ LEFT <br /> INCUR. AMOUNT PREV' TO RETIRE <br /> l) 2 <br /> 1999 12,710 1,271 11,439 <br /> 19 0 0 0 <br /> Totals 37,927 11,359 26,568 <br /> TOT ORIG DEF 37,927 X 10 = ..... 13a. $ <br /> Deduct col (3) total from L. Bb. ' <br /> If col 3 < L.Sb, difference is a <br /> NEW DEFICIT. $ 5,546 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 ............ <br /> LESS: 16. <br /> q) Minn. State Aid <br /> r) 5% of Line 5 .......... ~ 54,000 <br /> 48,398 <br /> Total Subtractions <br />2000 City Contribution, if DEFICIT exists <br /> <br />17. $ <br />18. $ <br /> <br /> 3,793 <br /> <br /> 555 <br /> <br />9~;159 <br /> 898 <br /> <br />100,404 <br /> <br />102,398 <br /> (1,994) <br /> <br /> <br />