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Schedule 2
Other Post Employment Benefit Plan
Required Supplementary Information
Fiscal Years Ended June 30, 2006-2016
Schedule of Funding Progress
Actuarial
Valuation
Date
Actuarial
Value of
Assets
(a)
Actuarial
Accrued
Liability -
Projected Unit
Credit
(b)
Funded
Ratio
(a) / (b)
Unfunded
Actuarial
Accrued
Liability
(b) - (a)
Covered
Payroll (c)
Unfunded
Actuarial
Accrued
Liability as
a
Percentage
of Covered
Payroll
12/31/05
$ -
$44,832,743
-
$44,832,743
$118,928,047
37.7%
12/31/07
1,040,448
57,187,696
1.8%
56,147,248
132,329,610
42.4
12/31/10
5,385,473
83,863,536
6.4
78,478,063
136,912,251
57.3
12/31/12
8,577,807
83,627,059
10.3
75,049,252
131,076,275
57.3
12/31/12
13,039,328
83,627,059
15.6
70,587,731
135,008,563
52.3
12/31/14
15,358,413
90,252,610
17.0
74,894,197
142,118,900
52.7
12/31/14
15,182,164
90,252,610
16.8
75,070,446
146,382,467
51.3
Schedule of Employer Contributions
Year Ended
Annual Required
Percentage %
June 30
Contribution
Contributed
2008
$3,554,069
100.0
2009
4,999,407
99.7
2010
4,999,407
104.2
2011
8,472,184
95.6
2012
8,472,184
94.0
2013
8,726,350
91.6
2014
8,077,527
102.7
2015
8,413,843
81.9
2016
8,711,948
54.3
Notes to the Required Schedules:
The information presented in the required supplementary schedules was determined
as part of the actuarial valuations at the dates indicated. Additional information as of
the latest actuarial valuation follows:
Valuation Date
Actuarial Cost Method
Projected Unit Credit
Amortization Method
Level percent of pay, closed
Remaining Amortization Period
26 Years
Asset Valuation Method
Market Value
Actuarial Assumptions:
Investment Rate of Return (1)
7.25%
Medical Cost Trend Rate
7.50% - 5.00%
Year of Ultimate Trend Rate
2020
(1) Includes inflation at
3.00%
12/31/2014
-40-