3.2. SR 07-19-1999
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**Item #3.2.**
MEMORANDUM
Mayor & City Council
FROM:
Alice Heinecke, Executive S{j~eifry
July 19, 1999
DATE:
SUBJECT: Fire Relief Association Benefit Level
At the July 12, 1999, meeting the City Council tabled this request to the July
19, 1999, meeting, requesting further information from the Fire Relief
Association. The Fire Relief Association has informed staff that it will not be
ready to present the additional information on the 19th and is therefore
requesting the council to table this item until the July 26, 1999, meeting.
Action Reauested
Motion to table this item until the July 26, 1999, City Council meeting.
.
.
13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · TDD & Phone: (612) 441-7420 · Fax: (612) 441-7425
~ 31~~ :: ~% ~t2- 'ft;A-tz, Dr ~Schedule II
.tion 1 Determination of Projected Net Assets for the year ending December 31,
Special Fund Assets at December 31, 1998
(See Ending Assets in Reporting Form - 1998)
1 $ 1,390,291
Projected Income to December 31, 1999
a. Minnesota State Aid $ 59,352
(Use 1998 amount, exclude supplemental)
b. Municipal (independent fire) Contributions $ 20.150
c. Donations (List ) $ 0
d. Interest and Dividends $ 133,276
e. Net appreciation (depreciation) in fair ~
value of investments $ 0
f. Other income (Includes Supplemental) $ 0
(Ust - )
Total
Projected Assets plus Income December 31, 1999 (line 1 + line 2)
Projected Disbursements through end of year
g. Pensions (If listed here, don't include on Schedule I)
h. Other benefits
i. Administrative
Total
2 $ 212,778
3 $ 1,603,069
$ 287,100
$ 0
$ 2,013
4 $ 289,113
5 $ 1,313,955
ejected Assets at end of year (line 3 minus line 4)
Section 2
Determination of Projected Surplus (Deficit) as of December 31, 1:
1999 Accrued Liability (Schedule I, Page 2b, Line B)
Surplus or (Deficit) (Subtract line 7 from line 6)
6 $ 1,313,955
7 $ 1,227,291
Projected Assets (line 5)
8$
86,664
* Go to Section 3 if Surplus
* Go to Section 4 if Deficit
Section 3
Determination of Municipal Contribution (If Surplus.
Normal Cost (Schedule I, Page 2b, Line C)
9$
99,870
Calculated Administrative Expense (1998 Reporting Form Adm. Exp. $
Less:
j. Minnesota State Aid
k. 5% of line 5
I. 10% of line 8
,jital Subtractions
~uniciPal Contribution (line 9, plus 10 minus 11)
If $1.00 or greater, certify to municipality before August 1, 1999,
If negative number, no contribution is due.
1,945 x 1.035) 10 $
2,013
$
$
$
59,352
65,698
8,666
11 $
133,716
12$
(31,833)
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~.L v~ ~ SE.e.v/c6 Schedule II
.ction 1
Detennination of Projected Net Assets for the year ending December 31,
Special Fund Assets at December 31, 1998
(See Ending Assets in Reporting Form - 1998)
1 $ 1,390,291
Projected Income to December 31, 1999
8. Minnesota State Aid
(Use 1998 amount, exclude supplemental)
b. Municipal (independent fire) Contributions
c. Don'ations (List )
d. Interest and DMdends
e. Net appreciation (depreciation) in fair
value of investments
f. Other income (Includes Supplemental)
(List - )
Total
$ 59,352
$ 20,150
$ 0
$ 133,276
$ 0
$ 0
Projected Assets plus Income December 31, 1999 (line 1 + line 2)
Projected Disbursements through end of year
g. Pensions (If listed here, don't include on Schedule I)
h. Other benefits
i. Administrative
Total
2 $ 212,778
3 $ 1,603,069
$ 287,100
$ 0
$ 2,013
4 $ 289,113
5 $ 1,313,955
_ected Assets at end of year (line 3 minus line 4)
Section 2
Determination of Projected Surplus (Deficit) as of December 31, 1:
Projected Assets (line 5)
6 $ 1,313,955
7 $ 1,247,894
1999 Accrued Liability (Schedule I, Page 2b, Line B)
Surplus or (Deficit) (Subtract line 7 from line 6)
8$
66,061
* Go to Section 3 if Surplus
* Go to Section 4 if Deficit
Section 3
Determination of Municipal Contribution (if Surplus.
Normal Cost (Schedule I, Page 2b, Line C)
9 $ 101,659
Calculated Administrative Expense (1998 Reporting Form Adm. Exp. $
Less:
j. Minnesota State Aid
k. 5% of line 5
I. 10% of line 8
Total Subtractions
eicipal Contribution (line 9, plus 10 minus 11)
If $1.00 or greater, certify to municipality before August 1, 1999,
If negative number, no contribution is dUe.
1,945 x 1.035) 10 $ 2,013
$
$
$
59,352
65,698
6,606
11 $ 131,656
12 $ (27,984)
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Schedule II
.tion 1
Determination of Projected Net Assets for the year ending December 31,
Special Fund Assets at December 31, 1998
(See Ending Assets in Reporting Form - 1998)
1 $ 1,390,291
Projected Income to December 31,1999
a. Minnesota State Aid $ 59,352
(Use 1998 amount, exclude supplemental)
b. Municipal (independent fire) Contributions $ 20,150
c. Donations (List $ 0
d. Interest and Dividends $ 133,276
e. Net appreciation (depreciation) in fair
value of investments $ 0
f. Other income (Includes Supplemental) $ 0
(List - )
Total
Projected Assets plus Income December 31, 1999 (line 1 + line 2)
Projected Disbursements through end of year
g. Pensions (If listed here, don't include on Schedule I)
h. Other benefits
i. Administrative
Total
2 $ 212,778
3 $ 1,603,069
$ 287,100
$ 0
$ 2,013
4 $ 289,113
5 $ 1,313,955
.ected Assets at end of year (line 3 minus line 4)
Section 2
Determination of Projected Surplus (Deficit) as of December 31, 1;
1999 Accrued Liability (Schedule I, Page 2b, Line B)
6 $ 1,313,955
7 $ 1,268.488
Projected Assets (line 5)
Surplus or (Deficit) (Subtract line 7 from line 6)
8$
45.467
* Go to Section 3 if Surplus
* Go to Section 4 if Deficit
Section 3
Determination of Municipal Contribution (if Surplus.
Normal Cost (Schedule I, Page 2b, Line C)
9$
103.459
Calculated Administrative Expense (1998 Reporting Form Adm. Exp. $
Less:
j. Minnesota State Aid
k. 5% of line 5
I. 10% of line 8
Total Subtractions
eniciPal Contribution (line 9, plus 10 minus 11)
If $1.00 or greater, certify to municipality before August 1, 1999,
If negative number, no contribution is due.
1 ,945 x 1.035) 10 $
2,013
$
$
$
59,352
65,698
4,547
11 $
129,597
12 $
(24,125)
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Schedule II
.ction 1
Determination of Projected Net Assets for the year ending December 31,
Special Fund Assets at December 31, 1998
(See Ending Assets in Reporting Form - 1998)
1 $ 1,390,291
Projected Income to December 31, 1999
a. Minnesota State Aid $ 59,352
(Use 1998 amount, exclude supplemental)
b. Municipal (independent fire) Contributions $ 20,150
c. Donations (List $ 0
d. Interest and Dividends $ 133,276
e. Net appreciation (depreciation) in fair
value of investments $ 0
f. Other income (Includes Supplemental) $ 0
(List - )
Total
Projected Assets plus Income December 31, 1999 (line 1 + line 2)
Projected Disbursements through end of year
g. Pensions (If listed here, don't include on Schedule I)
h. Other benefits
i. Administrative
Total
2 $ 212,778
3 $ 1,603,069
$ 287,100
$ 0
$ 2,013
4 $ 289,113
5 $ 1,313,955
ejected Assets at end of year (line 3 minus line 4)
Section 2
Determination of Projected Surplus (Deficit) as of December 31, 1:
1999 Accrued Liability (Schedule I, Page 2b, Line B)
6 $ 1,313,955
7 $ 1,289,090
Projected Assets (line 5)
Surplus or (Deficit) (Subtract line 7 from line 6)
8$
24,865
* Go to Section 3 if Surplus
* Go to Section 4 if Deficit
Section 3
Determination of Municipal Contribution (if Surplus.
Normal Cost (Schedule I, Page 2b, Line C)
9$
105,247
Calculated Administrative Expense (1998 Reporting Form Adm. Exp. $
Less:
j. Minnesota State Aid
k. 5% of line 5
I. 10% of line 8
Total Subtractions
.niciPal Contribution (line 9, plus 10 minus 11)
If $1.00 or greater, certify to municipality before August 1, 1999,
If negative number, no contribution is due.
1,945 x 1.035) 10 $
2,013
$
$
$
59,352
65,698
2,487
11 $
127,537
12$
(20,277)
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