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<br />FINANCIAL IMPACT OF PROPOSED INCREASE <br /> Actuarial <br /> 2004 2005 2006/Current Proposed <br />Benefit level $27.00 $27.00 $27.00 $29.00 <br />Total Assets (Special Fund) as of Year End $ 6,805,395 $ 7,165,225 $ 7,165,225 $ 7,165,225 <br />Actuarial Accrued Liability (AAl) $ 7,873,859 $ 8,099,640 $ 8,099,640 $ 8,965,225 <br />(Per Deloille & Touche Actuarial) <br />Unfunded Liability $ 1,068,464 $ 934,415 $ 934,415 $ 1,800,000 <br />Funded Ratio 86% 88% 88% 80% <br />Annual Required Contributions (ARC) $ 336,351 $ 311,749 $ 265,246 $ 325,000 <br />Actual Contributions Received $ 448,670 $ 348,670 $ 348,670 $ 348,670 <br />Increase in Cash Flow per Month $ 2,446 <br />Membership level <br />Active 55 67 67 67 <br />Deferred 15 16 16 16 <br />Retirees 51 51 51 51 <br />Total 121 134 134 134 <br /> <br />Page 2 <br />