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COMMUNITY REDEVELOPMENT AGENCY <br />OF THE CITY OF SANTA ANA <br />Notes to the Basic Financial Statements (Continued) <br />Year Ended June 30, 2011 <br />During fiscal year 2001 -02, the City expanded the other postemployment health benefits to include the <br />represented associations of the City such as the Santa Ana City Employee's Chapter 1939 /SEIU Local <br />347 (SEIU), the Santa Ana Management Association (SAMA), and the Unclassified employees (UC). <br />These plans are single- employer defined benefit plans and are considered the Subsidy Plan. In addition, <br />the City contracted CalPERS Health Benefits under Public Employees' Medical and Hospital Care Act <br />(PEMCHA) to provide health care coverage to the retirees. The City employees allocated to the <br />Agency participate in the City's retirement health benefit plans and are included in the City's Subsidy <br />Plan and the CalPERS Health Benefits Plan under PEMCHA. The City employees allocated to the <br />Agency were included in the City's actuarial valuation dated June 30, 2010, the most recent actuarial <br />valuation. The Agency's portion of the liability is determined based on the percent of payroll <br />applicable to the Agency. The Agency's portion of the City's obligation under the plans has been <br />recorded as the other postemployment benefits (OPEB) obligation on the Agency's statement of net <br />assets. The plan information, eligibility and funding status can be found in the City's notes to the basic <br />financial statements. Three -year trend information for the Agency is as follows: <br />Fiscal Year Ended <br />Annual Required <br />Percentage of Annual <br />Net OPEB <br />June 30 <br />Contribution <br />OPEB Cost Contributed <br />Obligation <br />2009 <br />2271380 <br />20.59% <br />3231208 <br />2010 <br />1341217 <br />19.99% <br />4301683 <br />2011 <br />1211654 <br />17.39% <br />5261062 <br />(10) INTERFUND RECEIVABLES, PAYABLES, TRANSFERS. <br />The composition of interfund balances as of and for the year ended June 30, 2011, was as follows: <br />Due TolFrom Other Funds <br />Due From Other Funds <br />(Receivable) <br />Capital Projects <br />Low and Moderate <br />Due To Other Funds (Payable) Income Housing <br />Merged Project Area Debt Service Fund $ 254,283 <br />The Merged Project Area Debt Service Fund owed $254,283 to the Low and Moderate Income <br />Housing Capital Projects Fund representing its share of tax increment monies received in July 2011. <br />38 <br />