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.� �� <br />� <br />�- <br />�IREFiGF���R'� EL��� S�C���,4TI�� <br />2701 North Lexington Avenue <br />Rosevilfe, Minnesota 55113 <br />Craig K1aus�g, Mayor <br />Tom Kough, Council Member <br />Tamrny Pust, Council Member <br />Dean 1VXaseh�ca, Council Member <br />Amy Ilx�an, Council Member <br />June 30,2006 <br />ROSEVILLE FIREFIGHTER'S �LZEk' ASSOCIATION �QOb/Ztlpi FINANCIAL <br />REQUIREMENTS <br />The Board of Directors and Officers of the ReliefAssociation have determined the <br />financial requirements in accordance with Minnesota Statute 69.773, subdivision 4 and 5 <br />utilizing the latest actuarial variance valuation and amortizations schedules. The Officers <br />of the Association certify this request to the Mayor and City Council members as their <br />directed responsibility under Minnesota Statute 69.773 subdivision 5. <br />Accrued Liability per 2006 actuarial <br />Less estimated assets in plan � 2/31/06 <br />Unfi�d�d Liability deficit 12/131/06 <br />Funding Requirements <br />Normal cost per actuarial survey O1/O1/06 <br />Amortization <br />Expenses & Interest <br />Total annual costs for required Funding <br />Funds Received: <br />State Aid (2006 Estimated Value) <br />City Contribution <br />Total Funding Received <br />$8,099,640 <br />7,165,225 <br />$ 934,415 <br />$ 121,640 <br />100,405 <br />43,201 <br />$ 265;246 <br />$ 238,102 <br />$ 110,568 <br />� 348,670 <br />Respectfully Submitted, <br />Roseville Firefighter's Relief Association <br />�� 7nist�c� <br />� � �� <br />; ' _ F�xL � � d, �fr�as��'�i <br />cc. Neal Beets, City Manager � <br />Chris Miller, Finance Director <br />3�ced Jardal, Director Pension Division <br />