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HomeMy WebLinkAbout11.20.89 Council Packet AGENDA COUNCIL MEETING REGULAR NOVEMBER 20, 1989 1. CALL TO ORDER 2. APPROVE AGENDA 3. APPROVE MINUTES a. Correct Minutes of October 16, 1989 b. October 25, 1989 - Special c. October 30, 1989 - Special d. November 2, 1989 - Special e. November 6, 1989 - Regular f. November 8, 1989 - Special 4. CITIZENS COMMENTS 5. PUBLIC HEARINGS a. 7:15 - Review On Sale/Sunday Liquor Licenses and Club Licenses 6. PETITIONS, REQUESTS AND COMMUNICATIONS a. Request to Sponsor Camp Courage Wagon Train b. 1990 Police Officers Labor Agreement 7. ORDINANCES AND RESOLUTIONS a. Approve Preliminary Plat/Authorize Signing of Final Plat - Rosebrier Addition b. Approve Developers Agreement - Rosebrier Addition c. Approve Plans and Specifications - Project 89-1 - 2nd Street Storm Sewer 8. UNFINISHED BUSINESS a. MSA/CADD Computer System b. 1989 Budget Adjustments c. Final Assessment - Northern Natural Gas - Project 89-5 d. Pay Estimate - J.P. Norex - Project 89-5 9. NEW BUSINESS a. Community Athletic and Recreational Study 10. MISCELLANEOUS a. Accept 1990 Fire Relief 11. CONSENT AGENDA a. Approve Hiring of Permanent Part Time Liquor Store Clerk b. Accept Donation to Senior Center c. School/Conference Request - Juvenile Officer's Institute d. Approve Capital Outlay Request - Fire Department e. Approve School/Conference Request - Fire Department f. Approve Payment of the Bills 12. ADJOURN MEMO TO: MAYOR AND COUNCIL SUBJECT: AGENDA ITEMS - NOVEMBER 20, 1989 DATE: NOVEMBER 17, 1989 5a. Application enclosed. 6a. Representatives for the Camp Courage Wagon Train will present a brief videotape on the program. b. Business Agent Robert Weisenberger will be present at the meeting to discuss the agreement. 7a. Memo enclosed. b. Memo enclosed. c. The plans have been completed but Tom will be on vacation and I would prefer to wait until he's back so he can answer any questions you may have. Therefore, I would recommend this item be tabled. 8a. Agreement enclosed. b. Adjustments enclosed. c. Recommendation enclosed. d. Recommendation/Payment enclosed. 9a. Information enclosed. 10a. The information was sent in the last agenda packet. The Cataract voted to recommend the change to $900/year. lla. Recommendation enclosed. b. Resolution enclosed. c. Request enclosed. d. Request enclosed. e. Request enclosed. f. Copy enclosed. La ry Thompson City Administrator cc: Department Heads Jerry Henricks AGENDA REQUEST FORM ITEM NO. a/ NAME: Larry Thompson DEPARTMENT: Administration DATE: November 10, 1989 MEETING DATE: November 20, 1989 CATEGORY: Miscellaneous SUBJECT: Accept 1990 Fire Relief EXPLANATION: Consider the recommendation of the Fire Cataract Relief Association regarding retirement benefits and 1989/1990 levy. REFERENCE MATERIAL/RESPONSIBILITY: Report/Recommendation - Larry Thompson REFERRED TO: (NAME) DEPARTMENT: Larry Thompson Administration Ron Royce Fire Cataract Ken Kuchera Fire Wayne Henneke Finance c� �r SIE MEMO TO: MAYOR AND COUNCIL SUBJECT: FIRE CATARACT - RETIREMENT BENEFIT DATE: OCTOBER 31, 1989 he Fire Cataract will vote on Wednesday, November 1, 1989 on a recommendation for the retirement benefits. It is anticipated that the recommendation will be to increase the benefit from $850/year to $900/year. The levy requirement would (be $5,228 compared with $5,099 in 1988/89. It should be noted that the requested increase does not follow past policy which states the retirement benefit should be increased in $25 increments until a levy is required by the City. Since a levy is required at $850, per City policy, no increase should be granted. The problem the Cataract, including myself, have been having is coming up with a policy which would keep the local contribution fairly stable and assure that the Fire Department retirement does not become frozen. (because of the complexity of the retirement formula, fluctuations up and down in assessed valuations, and changes in tax capacity rates, it is extremely difficult to come up with a policy that can consistently apply. The Cataract has continued to look for a policy and it appears that it may recommend a policy where a levy "range" is agreed upon and the retirement would increase until the required levy fell into that range. In the mean time, I feel that the City's contribution should remain fairly consistent, and recommend that the retirement benefit be increased to $900/year, contingent upon the Cataract making its recommendation. ll s74 te- 4/C.(2 CSC -L ry Thom son City Administrator ('.u4 c- b ' i cc: Ken Kuchera Wayne Henneke file t F , SCHEDULES I-II-III FOR USP S151 PENSION PLANS STATE FIRE AID YEAR 1990 Firefighters Relief Association of 144tM/N4toAJ County of b A-kO .+ SCHEDULE I Computation of benefit of relief association special fund (at $ 9O0 per year of service) for all members based on their years of service as active fire department members. 1 2 3 4 , 1989 5 6 1990 7 F.D. To End of This Year To End of Next Year Entry Years Active Accrued Years Active Accrued Name Age Date Service Liability Service Liability 1. ft. ,eoYc.€.. '/4 /:k..-i1-41 V.8 , 5o0 a9 24.,1oo 5q,((c° 2. G. 5pPurE, - SI 5--/o-'7o ao is�000 a 1 18,400 ),SJ0 3. R. KINosattt Lilo a- 3-7/ / 9 /ID,59(o ao /8,000 „.esu 4. J. Pe.t-A-cN- L4 3-9-71 19 ///,,s14. ao /8,000 ,�a,'o"° 5. D . CSF uPcttrc..t- 4 /a- I-'7/ / 8 1528 P. / 9 110159(0 6. K. Kuct4ERA- 1'1. 3 Ix--/-'7/ 18 /S''aga 19 /6.,S9to . 7. G. B/4 EA ,& 53 4-2.5-'72 18 151,28A 19 /b5qq/O 8. R, Cuf r7.S 37 12-/0-73 lI /a,85a / 7 /4 01-0 9. D , r1+E1-f./J 3s 3-io-'7s IS- 11 '73(0 / (p 1a 25a. 10. /4. * /&u$ 44 / -R-'7 ' l�f- I o;4.S(o /5 //173140 11. %T. 5/?u8E. 35 /-z3-74a I`• t0.45(e /S 11,7340 12. D. ?€fER.4 '10 3-Ia-'79 1/ '77adL /P.. S 65g 13. L. weisBRI c.at 39 7-9- '79 If) GD/Alf 11 '17a1- 14. S . SKIyDER. 30 /-14-go / 0 logg0 1I ?''/1� 15. F. Bi-*141. 33 io-t3-8o 9 • 51499`# ! o /0/8 16. Ni. /4614 - 35' 3-A-5/ q 5;4 10 4,8 O 17. t-, if 17. 37 7-'2-8 -/ "t 'it S eJtS 18. D S R K R o-rrl z$ %-/ .-g a '7 4,'f,a8 8 5 18�•f- 19. t-. P t c rs C.H- D-S /a-P-7-8.1 '7 Lh`�a 8 St 18 -t 20. R. D o L L- 3a t o-a'7-S a.. '7 `f;`t a-14 S .511V+ 21. G, L* MEr/c-E. 40 ib-a,1.4 3 Co 3ro90 '7 14- `1�-$ 22. B. Sfru �2 aE33 10-24-83 (0 g�1090 '7 , 4:4-D-8 23. T Msygie5 a9 l0-2t-83 to 3/tog 0 7 1-1-,4 -5 , 24. D. NEM1sl+ 2(p to-9-84, a 3(10 5 3 po(c. 25. S. 1-*c°65°N a,15 , to -9-8(P 0.13q0 S 3t©4 (0 26. r. r+-A.cr a',•,l- /,-9-84, 21340 S 3100 27. M. KIry s Ertt p.I 9-a,..1-8(o 3 /;'71 0 ` 2..,3 28. Die-v1D Rorry AI q-??-810 3 /i7/ 0 -f a 31f 0 29. M. PEsE.K , 8 8-.2.4- 57 /,I / t, 3 Il?[ o 30. 5 . 50wS►2 9- / g-z4-3 7 .7- /, l I (0 3 1 ' i 0 Total of Deferred Pensions, If Any Total of Unpaid Installments. If Any Total of Early Vested Pensions. If Any A. Accrued Liability Thru Next Year 1990 (total, column 7) B. Accrued Liability Thru This Year 1989 (total, column 5) _ _ _ C. Subtract Line 8 from Line A (normal cost; enter here and on Line 6 Schedule III) (SeE ni.Kr P4-6-E) Fractional years of service must be calculated to nearest full year. Do not enter liability in columns 5 or 7 for any person who will receive entire pension during this year. For installment liability, enter amount which will be payable after end of this year in both column 5 and column 7. If interest is to be paid on unpaid pensions, add interest for 1 year in column 7. I A copy of these schedules must be presented to the City Council before August 1 each year. . SCHEDULES I-Ii-III FOR LUMP SUIT PENSION PLANS STATE FIRE AID YEAR 1990 • Firefighters Relief Association of „C; r�jJ�7 �/ , County of .Z *K° t14 SCHEDULE I Computation of benefit of relief association special fund (at $ gest) per year of service) for all members based on their years of service as active fire department members. 1 2 3 4 , 1989 5 6 1990 7 F.D. To End of This Year To End of Next Year Entry Years Active Accrued Years Active Accrued Name Age Date Service Liability Service Liability 1. M . F/SC►fB,acft 33 (0-13-88 /4171. 3 4710 2. J. CciNKSCA.LES A.9 S9 - 1 o a 111140 3. r. L44,so ,✓ 94 1-1-17-89 i 51'o 1 11 CP 4. t. CoRRrGpA/ z �t-1�-89 1 5to ;11 (c 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. Total of Deferred Pensions, If Any 105, 17S- 110,Y-3f+ ; Total of Unpaid Installments, If Any Total of Early Vested Pensions, If Any 3$,300 3',300 A. Accrued Liability Thru Next Year 1990 (total, column 7) 1 > Jam' 11) B. Accrued Liability Thru This Year 1989 (total, column 5) 389,/93 , 384,/9,j C. Subtract Line B from Line A (normal cost; enter here and on Line 6 Schedule III) 34744- Fractional years of service must be calculated to nearest full year. (75)?V-4- Do not enter liability in columns 5 or 7 for any person who will receive entire pension during this year. For installment liability, enter amount which will be payable after end of this year in both column 5 and column 7. If interest is to be paid on unpaid pensions, add interest for 1 year in column 7. A copy of these schedules must be presented to the City Council before August 1 each year. SCHEDULE II Projection of Relief Association special fund assets to end of this year, (December 31, 1989) Assets at January 1, 1989 (this year) 1. $ ,A9h100ct Anticipated income to end of this year a) Minnesota State Aid $ o 0 59 b)'Receipts from local taxes 50 79 c) Interest on investments ; AS/7 too d) Other income Total of lines a-b-c-d 2. $ 4 8,9! 8 Beginning assets plus estimated income for this year (L1 + L2) 3. $ 341,5;4/10 Estimated disbursements through end of this year e) Pensions $ f) Other benefits g) MSFDA or VFBA dues, If any h) Administrative and overhead is—o0 Total of Lines a-f-g-h 4. $ /,SOO Projected assets at end of this year 12/31/89 (L3-L4) 5. $ 3'0440-1 Calculation of average special fund income per member (other than interest or investment income) State Aid Municipal Support 10% of surplus (if any) Last year o 0 o 2 years ago 1,o4,17 o 3 years ago 1(, '7o'76��3. o Totals 53— + '7, .8 + 0 1,loo Total 3 year income Woo/ + 3 = $Ao,3Sq+ (no. of members) = 6. $ 598 CERTIFICATION OF SPECIAL FUND REQUIREMENTS This information must be certified to the governing body of the municipality or indepen- dent nonprofit firefighting corporation by August 1, 1989. We, the officers of the C41+ A — Firefighters Relief Association, state that the accompanying schedules have been prepared in accordance with the provisions of the Volunteer Firefighters Relief Association Guidelines Act of 1971 (including M.S. 69.772) and that the schedules are correct and complete to the best of our knowledge. The financial requirements of the relief associations Special Fund for 1990 are $ Check here if no municipal support required 518 The average non-investment income per member of said special fund for the past 3 years was $ 598 • Signature of President Date Signature of Secretary Date Signature of Treasurer Date SCHEDULE III Computation of Financial Requirements for Next Year - 1990 Column A Column B Column C 1. Assets from Line 5, Schedule II s VeY 417 2. Accrued liability to end of this year (from Line B, Schedule I) S 8 9 /91 3. a) If Line 2 is more than Line 1, subtract Line 1 from Line 2. Deficit 4._____ s. b) If Line 1 is more than Line 2, subtract Line 2 from Line 1. Surplus If surplus exists, enter 10% of surplus amount in Column C and go to Line 6. Amortization of deficit (or deficits) incurred prior to end of last year (see note). Column 1 Column 2 Column 3 Year Original Amount Retired Mount Left Incurred Deficit Amount in Prior Years to Retire 19 StL /141A-tHEb SCKEbu�.E.) ■ 19 _ 19 ■ 4. Totals 0,634 3Q� 47•. 6,8,04/4. x 10% 14,411 5. Subtract Column 3 total from Line 3(a). (If Column 3 is equal to or greater than Line 3(a), no new deficit exists.) If Column 3 is less than Line 3(a), difference is new deficit. Enter 5,305E Enter 10% of this new deficit in Column B .S.30 6. Increase (from Line c, Schedule I) 174' 7. Anticipated expenses Next Year, (other than pensions, or investments) 1990 estimates - - - - /ISO() 8. Anticipated income Next Year 1990 estimates a) Minnesota State Aid b) 5% interest on amount of Line 1 above l �A c) Other income (do not include local taxes or investment income) — D — Total 8 a+btc 3gpg 3 9. Total, Column B 411 S// 10. Total, Column C S8,�8 11. If Line 9 is more than Line 10, the difference is the amount of municipal support required. Certify this amount to city council before August 1 (bottom part of Schedule II - Special Fund Requirements) .6-A0.13 o uoC� 12. If Line 10 is more than Line 9, no municipal support is required. Certify that fact to council before August 1. Council is permitted to provide funds in excess of requirement. Note: Deficits are generally retired in less than 10 years, because of increase in state aid, turnover gain and earned interest greater than 5%. If desired, the amount in Column 2 may be increased so that the total of Column 3 is equal to Line 3(a). If more than one deficit is being amortized (the law requires each deficit to be retired separately), adjust Column 2 for the oldest deficit first. When Column 2 equals Column 1 for any deficit, that deficit has been retired and may be removed from the amortization schedule. Whenever a New Deficit appears in Line 5,,the original amount of such deficit must be added to the amortization schedule the following year. • • SCI1-E.h u l-E.. mo.er,z4-rIoAJ pF. I'ioR E,Fict Yeef ez 'JRl gI.JIt L ,Q-nnouAtr- RE t/Rfb /9ir►oci LEF7� /UQ4Rtfe,D DE,Fictt AMounlr /i "tea A. Jim-RS ro Rer,.e.£. 198 / 7$14 __. �3�y� ;5172__. 198 5i 74f 3,t 19 1,555_._ . J 983 8,3S8 6,D11.4... . 3314. - ...-_.. 198 �` ll_... 7,090 709 l R g IO5,3' 7 /,40 37Y _. j4g7 x21838 s/8 /8x.70 1988 . 3 3,89 0 48.09 b 2.8,4,3tt 6.- 6 si it,0 0 e, SCHEDULES I-II-III FOR LIMP SW PENSION PLANS ' STATE FIRE AID YEAR 1990 Firefighters Relief Association of F�ewl/Nerf-co f County of b +/Corl,- SCHEDULE I Computation of benefit of relief association special fund (at $ 1V-15 per year of service) for all members based on their years of service as active fire department members. 1 2 3 4 , 1989 5 16 1990 7 F.D. To End of This Year To End of Next Year Entry Years Active. Accrued Years Active Accrued Name Age Date Service Liability Service Liability 1. R. Royce- - 9(# /7..-/i-4,1 ag PY, 5-00 29 25,375 2. G. spiurE S1 S-/o-'7o 020 /'7 SOO at /8 S 3. R i. iAl osettf 4 (o a'1- 8 -7/ / 9 /(0,13S a0 /75'7 00 4. 3 . PSI_A-c-Nr3-8-71 19 /10,135' ao 17,500 5. D. cl+uRcitic-L 4'+ /P.-- 1-1/ 1 $ I'f,85g / 9 11c.135 6. K. 1CucHER4- 3 /p--I-7/ 18 Iqf &58 /9 16,135 7. a. B4NE-R. 3 �f-25-7a l� 1858 19 Its 13S s. R, Cukr/s 37 /a-/o-7j it, 1a'�/s L J7 13; 5o 9. D, ttFE.Le..'J 38 3-/0-75 15 1(,'f!o / (4 la '195 10. A. *A/Gus Lilo J -R-75 I`l- 10 31o0 /5 11 �`f ( O 11. .f S,+ 8 & 3 /-2.3-7j) H- 10, (o0 1C. / 11410 12. D. PEPeR ' 1 o 3-1a-79 11 1.So /2, X4'18 13. L. w e i s im i cM 39 '7-9- '79 10 Co;Io 50 11 so g 14. S . SPJYDER_ 30 1-14-go / 0 /014.50 II 7508 15. F. aLp-14/t 33 10-13-80 9 5-,10.).3 / o , ,(D50 16. M. 4E.147 E, LSNG 3S 3-,2-g/ q SI?D_8 10 Llc.So 17. 1-, rUR*9-61./ 31 7-/i-8d- 7 41305- g 5ot-to 18. DIRK ROtry ...8 • '7-12.-82 '7 4,3 0 S $ 550`-f O 19. r. Pi ,r.sc.ti- �g 1 -Z7-g3. '7 4.305 g S,o,-{o 20. R. D o L� 3a I a-�7-Say. '7 4��30 S 8 5-.0'10 21. G. 1.�wREr/0t: 40 /o-a.<4-83 L0 3158R '7 9-,30S" . 22. 8 , SA-LAaeR 33 /D-2.4-83 1.0 3,588 '7 'LF,305- 23. J. ME-Ye/2$ a9 10-2't-83 (v 3,588 '7 L-E,305 24. 1-. 4eMlsl+ a(p 10-q-81p '4 a9-75 5 24.p23 25. J. 4C°e. o nl a s 10 -9-s ca as?s sa,9 �'? 26. 1-. j-i.Gi a`t /0-9-Ve a,a 75 S .P,19 al 27. M. KfMserlt P.1 4-.2-2.-8[a 3 /1ioip?� `�- o,a7S 28. D�vIA Ror-rY AI 9-�a-$6 3 1,6�3 '-f 2, '75' 29. nn. Pst.1c 8 S-a'/- 37 4o8S 3 IA.4,3 30. 5 , gpws►2 a II-24-87 .2.. i,p25 , 3 1,6403 Total of Deferred Pensions, If Any Total of Unpaid Installments, If Any Total of Early Vested Pensions, If Any A. Accrued Liability Thru Next Year 1990 (total, column 7) B. Accrued Liability Thru This Year 1989 (total, column 5) C. Subtract Line B from Line A (normal cost; enter here and on Line 6 Schedule III) C5 Es., ,4 Ex-r Pte ) Fractional years of service must be calculated to nearest full year. Do not enter liability in columns 5 or 7 for any person who will receive entire pension during this year. For installment liability, enter amount which will be payable after end of this year in both column 5 and column 7. If interest is to be paid on unpaid pensions, add interest for 1 year in column 7. A copy of these schedules must be presented to the City Council before August 1 each year. SCHEDULES I-II-III FOR LIMP SIM PENSION PLANS STATE FIRE AID YEAR 1990 Firefighters Relief Association of FA-, ,,./GT'oA.f County of .l,*/ O SCHEDULE I Computation of benefit of relief association special fund (at $ 5(15 per year of service) for all members based on their years of service as active fire department members. 1 2 3 4 1989 5 6 1990 7 F.D. To End of This Year To End of Next Year Entry Years Active Accrued Years Active Accrued Name Age Date Service Liability Service Liability 1. M . FisCHBA-C.11 33 (0-13-88 a /1085- 3 1(0103 2. CLl$c.n•«s a t o8,s 3. r. L44sc' J a 1 4-i7-89 sae �. l;o8s 4. t. Co'emiG'+N V •• Sas' 7.. 4085'- 5. ,o8S5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. Total of Deferred Pensions, If Any 105; 17 1/0/4-3`1• Total of Unpaid Installments, If Any Total of Early Vested Pensions, If Any 3 81 3 o O 38,300 A. Accrued Liability Thru Next Year 1990 (total, column 7) ) Lf((o22(p B. Accrued Liability Thru This Year 1989 (total, column 5) 3802,373 ) 38aJ3'73 C. Subtract Line B from Line A (normal cost; enter here and on Line 6 Schedule III) 331q5-3 Fractional years of service must be calculated to nearest full year. Do not enter liability in columns 5 or 7 for any person who will receive entire pension during this year. For installment liability, enter amount which will be payable after end of this year in both column 5 and column 7. If interest is to be paid on unpaid pensions, add interest for 1 year in column 7. A copy of these schedules must be presented to the City Council before August 1 each year. SCHEDULE II Projection of Relief Association special fund assets to end of this year, (December 31, 1989) Assets at January 1, 1989 (this year) 1. $ d •9'7,004 Anticipated income to end of this year a) Minnesota State Aid $ ,A0,0 59 b) Receipts from local taxes So 99 c) Interest on investments . (Do d) Other income Total of lines a-b-c-d 2. $ '18,918 Beginning assets plus estimated income for this year (Li + L2) 3. $ 34t5riQ li.'7 Estimated disbursements through end of this year e) Pensions f) Other benefits g) MSFDA or VFBA dues, if any h) Administrative and overhead /So () Total of Lines e-f-g-h 4. $ /,SOO Projected assets at end of this year 12/31/89 (L3-L4) 5. $ 3' 't,'# -1 Calculation of average special fund income per member (other than interest or investment income) State Aid Municipal Support 10% of surplus (if any) Last year J1o 0 0 2 years ago 1,0 '7 0 3 years ago Ur, o 6,� /f O Totals 77. + 71x8 + O /0l,o0l Total 3 year income Woof + 3 = $to/SsyL+ (no. of members) = 6. $ ,5'98 CERTIFICATION OF SPECIAL FUND REQUIREMENTS This information must be certified to the governing body of the municipality or indepen- dent nonprofit firefighting corporation by August 1, 1989. We, the officers of the CA-Twkw-oT Firefighters Relief Association, state that the accompanying schedules have been prepared in accordance with the provisions of the Volunteer Firefighters Relief Association Guidelines Act of 1971 (including M.S. 69.772) and that the schedules are correct and complete to the best of our knowledge. The financial requirements of the relief associations Special Fund for 1990 are $ Check here if no municipal support required The average non-investment income per member of said special fund for the past 3 years was $ S9$ Signature of President Date Signature of Secretary Date Signature of Treasurer Date' SCHEDULE III Computation of Financial Requirements for Next Year - 1990 Column A Column B Column C 1. Assets from Line 5, Schedule II $ 2414 417 2. Accrued liability to end of this year (from Line B, Schedule I) 3. a) If Line 2 is more than Line 1, subtract Line 1 from Line 2. Deficit `3`7 9_ b) If Line 1 is more than Line 2, subtract Line 2 from Line 1. Surplus If surplus exists, enter 10% of surplus amount in Column C and go to Line 6. _0 Amortization of deficit (or deficits) incurred prior to end of last year (see note). Column 1 Column 2 Column 3 Year Original Amount Retired Amount Left Incurred Deficit Amount in Prior Years to Retire 19 EE. A-Tt-* + b sc.! s��L Z_.) 19 - ■ 19 ■ 4. Total s 37-) 150 371q tF(o (CS pq lP x lO% eo 21 5. Subtract Column 3 total from Line 3(a). (If Column 3 is equal to or greater than Line 3(a), no new deficit exists.) If Column 3 is less than Line 3(a), difference is new deficit. Enter - o - Enter 10% of this new deficit in Column B -0 - 6. Increase (from Line c, Schedule I) 334g5 3 7. Anticipated expenses Next Year, (other than pensions, or investments) 1990 estimates - - - - /j5-0 O 8. Anticipated income Next Year 1990 estimates a) Minnesota State Aid a/,o/a b) 5% interest on amount of Line 1 above /7i a a/ c) Other income (do not include local taxes or investment income) -0 Total 8 a+b+c 38,' 83 9. Total, Column B 4ci�l�3 10. Total, Column C 38a83 11. If Line 9 is more than Line 10, the difference is the amount of municipal support required. Certify this amount to city council before August 1 (bottom part of Schedule II - Special Fund Requirements) - - - - 38 S_ 12. If Line 10 is more than Line 9, no municipal support is required. Certify that fact to council before August 1. Council is permitted to provide funds In excess of requirement. Note: Deficits are generally retired in less than 10 years, because of increase in state aid, turnover gain and earned interest greater than 5%. If desired, the amount in Column 2 may be increased so that the total of Column 3 is equal to Line 3(a). If more than one deficit is being amortized (the law requires each deficit to be retired separately), adjust Column 2 for the oldest deficit first. When Column 2 equals Column 1 for any deficit, that deficit has been retired and may be removed from the amortization schedule. Whenever a New Deficit appears in Line 5,,the original amount of such deficit must be added to the amortization schedule the following year. .ld.14-eLuLE. I L ,+MORr,z4 '/ON • - - /O R. DEF G/rS COLLMAJ / CoLq nn N u M nI yE/9-A„ oR/64A/R-1... ,eMou.v - REt,,e.Eb 4/40,4 LeF — rAICu R 476 D AEF/G f t' ,Q,M o u NT /Al PRI©R, y E,4 R 5 3`'O /e E r,,e iggl 78710 78a0 s4 /4 Ua 5 ? 31.0 19 /, /9g 3 835 S©l4. 3,35F q847, 14, 18l 7, 090 7,o91 _. 148 to 5,347 14,05 1927 2-x,83$ `Is638 143,9.7o _ /988 . �, 3? 433. 3,890 /:,rg/04(40_ 3o, !So 37,4Y`cc,