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Agenda Item 7.1 - Benefit Level Increase
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11-05-2013 Council Meeting
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Agenda Item 7.1 - Benefit Level Increase
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Form SC-13 Pequot Lakes Fire Relief Association <br />Calculation of Normal Cost <br />2013 <br />Total Active Member Liabilities � 955,482 <br />Total Deferred Member Liabilities I 90,824 <br />Total Unpaid Installments I 0 <br />Grand Total Special Fund Liability IA. 1,046,306 B. <br />Normal Cost (Cell B minus Cell A) <br />Projection of Net Assets for Year Ending December 31, 2013 <br />Special Fund Assets at December 31, 2012 (RF-12 ending assets) <br />Projected Income for 2013 <br />State Fire Aid (2012 aid may be increased by up to 3.5°/o) <br />Municipal / Independent Fire Dept. Contributions <br />Interest / Dividends <br />Appreciation / (Depreciation) <br />Member Dues (If deposited in Special Fund) <br />Other Revenues <br />Total Projected Income for 2013 (Add Lines D through T) <br />Projected Expenses for 2013 <br />Service Pensions <br />Member Names: <br />J. <br />2014 <br />1,040,236 � <br />90,824 <br />0 <br />1,131,060 <br />�C. <br />35,012 <br />54,556 <br />5 8,492 <br />� <br />2I <br />Page 4 <br />84,754 � <br />1,169,843 � <br />148,060 � <br />Other Benefits g• I I <br />Administrative Expenses L. I 5 360 � <br />, <br />Total Projected Expenses for 2013 (Add Lines J through L) 3 � 5 360 I <br />, <br />Projected Net Assets at December 31, 2013 (Add Lines 1 and 2, subtract Line 3) 4 � 1,312,543 � <br />Projection of Surplus or (Deficit) as of December 31, 2013 <br />--- ------ ---- pr?}ecte� 4ss�ts—(.b;n� 4}-_------ - - --------g --1—�i2- — <br />---------------- --- ------- —_ � _.—,—,�43 L_--- <br />2013 Accrued Liability (Page 4, cell A) 6 1,046;306 <br />Surplus or (Deficit) (Line 5 minus Line 6) 7, 266;237, <br />
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