FY 2017 - 2018 Audit
CITY OF SPENCER SCHEDULE OF CITY CONTRIBUTIONS
IOWA PUBLIC EMPLOYEES' RETIREMENT SYSTEM LAST 8 FISCAL YEARS (IN THOUSANDS)
OTHER INFORMATION (UNAUDITED)
2018
2017
2016
2015
2014
Statutorily required contribution .......................................
$ 286
$ 294
$ 275
$ 265
$ 261
Contributions in relation to the statutorily required contribution .......................................
-.ill.
294
261
~
~
Contribution deficiency (excess) ......................................
0
0
0
$
0
$
$
$
~
City's covered-employee payroll ......................................
$3,217
$3,289
$3,072
$2,963
$2,921
Contributions as a percentage of covered-employee payroll .................................................
8.90%
8.94%
8.94%
8.94%
8.94%
MUNICIPAL FIRE AND POLICE RETIREMENT SYSTEM OF IOWA LAST 8 FISCAL YEARS (IN THOUSANDS)
OTHER INFORMATION (UNAUDITED)
2018
2017
2016
2015
2014
Statutorily required contribution .......................................
$ 366
$ 374
$ 379
$ 395
$ 388
Contributions in relation to the statutorily required contribution .......................................
366
374
~
~ ~
0
0
0
Contribution deficiency (excess) ......................................
$
0
$
$
$
~
City's covered-employee payroll ......................................
$1,287
$1,427
$1,444
$1,383
$1,298
Contributions as a percentage of covered-employee payroll .................................................
30.41 %
30.12%
25.68%
25.92%
27.77%
Note: GASB Statement No. 68 requires ten years of information to be presented in this table. However, until a full 1O-year trend is compiled, the City will present information for those years for which information is available.
See Accompanying Independent Auditors' Report 54
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