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Funded status of the OPEB as reported in the actuarial reports received to-date:
<br /> Unfunded UAAL as
<br /> Actuarial Actuarial a percentage
<br /> Actuarial Actuarial Value Accrued Accrued of Annual
<br /> Valuation Date of Assets Liability Liability(UAAL) Covered Payroll
<br /> MHRP:
<br /> January 1,2014 -0 - $996,344 $996,344 13.39%
<br /> January 1,2011 -0 - 908,610 908,610 13.17
<br /> January 1,2008 -0 - 88,718 88,718 2.17
<br /> UHRP:
<br /> January 1,2014 -0 - $68,948 $68,948 2.45%
<br /> January 1,2011 -0 - 42,681 42,681 1.87
<br /> January 1,2008 -0 - 56,892 56,892 2.47
<br /> Required contributions as reported in the actuarial reports received to-date:
<br /> Fiscal OPEB Employer %of Annual OPEB OPEB
<br /> Year Ended Cost Contributions Cost Contributed Obligation
<br /> MHRP:
<br /> December 31,2014 $120,448 $39,599 33% $364,110
<br /> December 31,2013 96,519 48,803 51 283,261
<br /> December 31,2012 97,719 36,810 38 235,545
<br /> December 31,2011 99,058 25,001 25 174,636
<br /> December 31,2010 2,734 2,851 104 100,579
<br /> UHRP:
<br /> December 31,2014 $9,890 -0 - -0 - $54,932
<br /> December 31,2013 6,073 -0 - -0 - 45,042
<br /> December 31,2012 4,601 -0 - -0 - 40,360
<br /> December 31,2011 5,663 -0 - -0- 35,759
<br /> December 31,2010 9,853 -0 - -0- 30,096
<br /> For more information regarding the liability of the City and the Utility with respect to its employees,
<br /> please reference "Note 4, OTHER INFORMATION, E. Other Postemployment Benefits (OPEB)" of the
<br /> City's Comprehensive Annual Financial Report for fiscal year ended December 31, 2014, an excerpt of
<br /> which is included as Appendix IV of this Official Statement. (The City's Comprehensive Annual
<br /> Financial Report for the fiscal year ended December 31, 2015 is not yet available.)
<br /> Sources: City's Comprehensive Annual Financial Reports.
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