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GASB 45 Information
<br />Fiscal
<br />Year
<br />2006
<br />2007
<br />2008
<br />2009
<br />2010
<br />2011
<br />Totals (2008 -11)
<br />If we hadn't paid:
<br />Fiscal
<br />Year
<br />2006
<br />2007
<br />2008
<br />2009
<br />2010
<br />2011
<br />Totals (2008 -11)
<br />A
<br />010.901.5902.15
<br />Retiree Current
<br />Premiums
<br />6,700,000
<br />6,800,000
<br />9,891,250
<br />9,969,803
<br />12,550,000
<br />14,700,000
<br />47,111,053
<br />A
<br />010.901.5902.15
<br />Retiree Current
<br />Premiums
<br />6,700,000
<br />6,800,000
<br />9,891,250
<br />9,969,803
<br />12,550,000
<br />14,700,000
<br />47,111,053
<br />B
<br />010.901.5902.09
<br />GASB 45
<br />Amount
<br />N/A
<br />N/A
<br />13,613, 063
<br />14, 950, 000
<br />15, 700, 000
<br />16,460,000
<br />60, 723, 063
<br />B
<br />010 901.5902.09
<br />GASB 45
<br />Amount
<br />N/A
<br />N/A
<br />c
<br />Total
<br />Payments
<br />N/A
<br />N/A
<br />23, 504, 313
<br />24,919,803
<br />28,250,000
<br />31,160, 000
<br />Total
<br />Payments
<br />N/A
<br />N/A
<br />9,891,250
<br />9,969,803
<br />12,550,000
<br />14,700,000
<br />D
<br />Annual
<br />Required
<br />Contribution
<br />N/A
<br />N/A
<br />23,426,000
<br />23,426,000
<br />36,000,000
<br />36,000,000
<br />107, 834,116 118, 852, 000
<br />C D
<br />Annual
<br />Required
<br />Contribution
<br />N/A
<br />N/A
<br />33,620,000
<br />33,620,000
<br />51,673, 940
<br />51,673,940
<br />47,111,053 170,587,880
<br />Money saved by paying: 51,735,880
<br />E
<br />Asset
<br />(Liability)
<br />N/A
<br />N/A
<br />78,313
<br />1,493, 803
<br />(7,750,000)
<br />(4,840,000)
<br />Notes: Annual Required Contribution (ARC) is based upon an actuarial study required to be performed every other year.
<br />ARC increased 53.7% over a two year period.
<br />Retiree current premiums is the "pay as you go" amount.
<br />E
<br />Asset
<br />(Liability)
<br />N/A
<br />N/A
<br />(23,728,750)
<br />(23,650,197)
<br />(39,123,940)
<br />(36,973,940)
<br />in four years
<br />F
<br />Cummulative
<br />Asset
<br />(Liability)
<br />N/A
<br />N/A
<br />78,313
<br />1,572,116
<br />(6,177,884) Estimated based on 5/15/10 data
<br />(11,017,884) Projected
<br />F
<br />Cummulative
<br />Asset
<br />(Liability)
<br />N/A
<br />N/A
<br />(23,728,750)
<br />(47,378,947)
<br />(86,502,887)
<br />(123,476, 827)
<br />
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