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City of Paris, Texas
<br />Notes to Financial Statements
<br />September 30, 2007
<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 />Market Value as of January 1
<br />Contributions, Interest and Dividends
<br />Contributions by the City
<br />Contributions by Members
<br />Dividends and Interest
<br />Other
<br />December 31,
<br />2004 2005 2006
<br />$ 6,352,304 $ 6,607,720 $ 6,570,452
<br />
<br />272,228 257,286 253,191
<br />229,967 201,567 197,946
<br />196,087 238,695 221,268
<br />3,241 274 13,398
<br />701,523 697,822 685,803
<br />Disbursements
<br />Benefits Paid Monthly
<br />Administrative Expenses
<br />Net Realized and Unrealized Gains and Losses
<br />650,888 913,153 769,028
<br />93,809 95,498 111,172
<br />744,697 1,008,651 880,200
<br />Realied Gains (Losses) 35,691 333,986 484,560
<br />Unrealized Gains (Losses) 262,899 (60,425) 215,377
<br /> 298,590 273,561 699,937
<br />Market Value as of December 31 6,607,720 $ 6,570,452 7,075,992
<br />Adjustments to Develop Actuarial Value, Net 360,077 (174,568)
<br />
<br />Actuarial Value of Assets $ 6,967,797 $ 6,901,424
<br />Other Information
<br />Annual Pension Cost
<br />Percentage of Annual
<br />Pension Cost Contributed
<br />Net Pension Obligation
<br />2004 2005 2006
<br />$ 272,228 $ 257,286 $ 253,191
<br />100% 100% 100%
<br />$ - $ - $ -
<br />54
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