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Elk River Fire Department Relief Association <br />May 12, 2009 <br />Page 5 <br />Peer Group Comparisons <br />The following are two comparisons of statistics that will provide information on how your organization compares with other <br />fire relief associations around the State. We used averages from approximately 40 fire relief associations with under <br />$200,000 in assets to several million in assets. These averages include a 5-year trend of the rate of return and a 5-year trend <br />of funding percentage as compared to averages of the other 40 relief associations. <br /> Year <br />Averages Calculation 2004 2005 2006 2007 2008 <br /> <br />Average rate of returns Net investment income/ 8.1 % 4.4% 10.3% 7.7% (33.1 %) <br /> average net assets 6.8% 5.0% 9.5% 6.0% N/A <br />Percentage funded Net assets/accrued liability 98.9% 105.9% 114.8% 114.7% 70.9% <br /> 1.08.1 % 104.1 % 110.0 % 109.8 % N/A <br />Client Name Fire Relief Association <br />Peer Group <br />Rate of Return <br />The rate of return is calculated by taking the net investment income and dividing it by the beginning net assets. This will show <br />a trend of your returns over a 5-year period and show your performance related to other relief associations. <br />40.0% <br />30.0% <br />20.0% <br />10.0% <br />(10.0%) <br />(20.0%) <br />(30.0%) <br />(40.0%) <br />8.1% 0 10.3% 7.7% <br />5.0 /o <br />9.5% <br />6.8% 4.4% 6.0% <br />(33.1%) <br />2004 2005 2006 2007 2008 <br />~ Fire relief rate f Peer group average <br />952.835.9090 Fax 952.835.3261 <br />www.aemcpas.com <br />