BICKMORE & ASSOCIATES, INC.-2014

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Actuarial Valuation of Other Post - Employment Benefit Programs as of April 1, 2012 for the Citv of Sample Citv Appendix 3 OPEB Disclosure Information The Information necessary to complete the OPEB footnote in the City's financial reports is summarized below, or we note the location of the information contained elsewhere in this report: Summary of Plan Provisions: OPEB Funding Policy: Annual OPEB Cost and Net OPEB Obligation: See Section F; details are provided also at the top of the exhibit in Table 1B See Table 1 C OPEB Cost Contributed Percentage of Net OPEB Fiscal Year Annual OPEB Annual OPEB Obligation Ended Cost Cost Contributed (Asset) 6/30/2010 $ 2,451,005 100.0% $ - 6/30/2011 2,504,816 70.0% 386,998 6/30/2012 3,043,079 56.8% 2,187,501 Actuarial Methods and Assumptions: See Table 4. Funding Status and Percentage of Funding Progress: See Section E — Basic Valuation Results Actuarial accrued liability (AAL) $ 42,581,526 Actuarial value of plan assets 5,761,456 Unfunded actuarial accrued liability (UAAL) 36,820,071 Funded ratio (actuarial valu of plan assets /AAL) 13.53% Covered payroll (active Plan members) 22,837,200 UAAL as a percentage of covered payroll 161.23% Required Supplementary Information: Three Year History of Amounts Funded See chart below: 4/1/2010 Schedule of Funding Progress Unfunded UAAL as a Actuarial Value Actuarial Accrued Actuarial Percentage of Actuarial of Assets Liability Accrued Liability Funded Ratio Covered Payroll Covered Payroll Valuation Date (a) (b) (b -a) (a /b) (c) ((b -a) /c) 4/1/2010 $ 2,176,473 $ 28,530,690 $ 26,354,217 7.63% $ 28,339,068 93.00% 4/1/2010 $ 4,418,696 $ 30,781,683 $ 26,362,987 14.35% $ 29,260,088 90.10% 4/1/2012 $ 5,761,456 $ 42,581,526 $ 36,820,071 13.53% $ 22,837,200 161.23% Bckmore 2B