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t <br />i <br />i <br />1 <br />I~ <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />i <br />1 <br />1 <br />Elk River Fire Department Relief Association <br />May 12, 2009 <br />Page 4 <br />Other Matters <br />Investment Return <br />A summary of the investment rate of return is summarized below: <br />Year <br />2004 <br />2005 <br />2006 <br />2007 <br />2008 <br /> Net Assets <br /> Appreciation Total Held in <br /> (Depreciation) Investment Trust for Investment <br />Interest of Income Pension Rate of <br />Income Investments (loss) Benefits Return <br />$ 2,159 $ 119,871 $ 122,030 $ 1,646,533 8.13 <br />3,168 75,276 78,444 1,886,585 4.44 <br />2,954 201,347 204,301 2,092,351 10.27 <br />52,211 120,572 172,783 2,420,742 7.66 <br />32,524 (713,435) (680,911) 1,696,356 (33.08) <br />Investment Rate of Return <br />16.00% <br />6.00% <br />(4.00%) <br />(14.00%) <br />(24.00%) <br />(34.00%) <br />(44.00%) <br />8.13% 10.27% <br />7.66% <br />4.44% <br />(33.08%) <br />2004 2005 2006 2007 2008 <br />952.835.9090 Fax 952.835.3261 <br />www.aemcpas.com <br />