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<br />City of Paris, Texas
<br />Notes to Financial Statements
<br />September 30,2006
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<br />V. Other Information (Continued)
<br /> I. Employee Retirement Systems and Plans (Continued)
<br /> 2. Firefighters' Relief and Retirement Fund (Continued)
<br /> Development of the Actuarial Value of Assets
<br /> December 31,
<br /> 2003 2004 2005
<br /> Market Value as of January 1 $ 5,622,529 $ 6,352,304 $ 6,607,720
<br /> Contributions, Interest and Dividends
<br /> Contributions by the City 231,556 272,228 257,286
<br /> Contributions by Members 215,507 229,967 201,567
<br /> Dividends and Interest 194,699 196,087 238,695
<br /> Other 3,241 274
<br /> 641,762 701,523 697,822
<br /> Disbursements
<br /> Benefits Paid Monthly 347,605 650,888 913,153
<br /> Administrative Expenses 75,241 93,809 95,498
<br /> 422,846 744,697 1,008,651
<br /> Net Realized and Unrealized Gains and Losses
<br /> Realied Gains (Losses) 33,201 35,691 333,986
<br /> Unrealized Gains (Losses) 477,658 262,899 (60,425)
<br /> 510,859 298,590 273,561
<br /> Market Value as of December 31 $ 6,352,304 6,607,720 $ 6,570,452
<br /> Adjustments to Develop Actuarial Value, Net 360,077
<br /> Actuarial Value of Assets $ 6,967,797
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<br />Other Information
<br /> 2003 2004 2005
<br />Annual Pension Cost $ 231,556 $ 272,228 $ 257,286
<br />Percentage of Annual
<br />Pension Cost Contributed 100% 100% 100%
<br />Net Pension Obligation $ $ $
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<br />53
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