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Actuarial Valuation of Other Post - Employment Benefit Programs as of <br />April 1, 2012 for the City of Sample City <br />Table 1C <br />Expected OPEB Disclosures <br />The exhibit below develops the annual OPES expense, estimates the expected OPEB <br />contributions and projects the net OPEB obligation for the fiscal years ending June 30, 2012 <br />and June 30, 2013. The calculations assume the City follows the partial prefunding policy <br />outlined in this report. <br />Fiscal Year End <br />Partial Prefunding Basis <br />6/30/2012 <br />ti/30/2013 <br />1. Calculation of the Annual OPEB Expense <br />a. ARC for current fiscal year <br />$ 3,043,152 <br />$ 3,220,851 <br />b. Interest on Net OPEB Obligation (Asset) <br />at beginning of year <br />17,299 <br />97,781 <br />c. Adjustment to the ARC <br />(17,372) <br />(101,403) <br />d. Annual OPEB Expense (a. + b. + c.) <br />3,043,079 <br />3,217,229 <br />2. Calculation of Expected Contribution <br />a. Estimated payments on behalf of retirees <br />1,242,576 <br />1,366,839 <br />b. Estimated contribution to OPEB trust <br />- <br />- <br />c. Total Expected Employer Contribution <br />1,242,576 <br />1,366,839 <br />3. Change in Net OPEB Obligation ( ?.d. minus 2.c.) <br />1,800,503 <br />1,850,390 <br />Net OPEB Obligation (Asset), beginning of fiscal year <br />386,998 <br />2,187,501 <br />Net OPEB Obligation (Asset) at fiscal year end <br />2,187,501 <br />41037,891 <br />Please note that the expected payments to retirees for the fiscal year ending June 30, 2013 <br />shown above are projections and should be replaced with the actual payments for financial <br />reporting purposes. <br />Dickmore t� . <br />