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Indian River County, Florida <br />Required Supplementary Information <br />For the Year Ended September 30, 2014 <br />Other Postemployment Benefits Plan <br />Schedule of Funding Progress <br />UAAL as a <br />Actuarial Actuarial Accrued Percentage of <br />Value of Liability (AAL)- Unfunded AAL Covered <br />Valuation Assets Entry Age (UAAL) Funded Ratio Covered Payroll Payroll <br />Date (a) (b) (b -a) (a/b) ( c) ((b-a)/c) <br />10/01/2007* $ - $ 29,098,337 $ 29,098,337 0 00% $ 64,841,779 44 88% <br />10/01/2009 $ 3,690,592 $ 32,456,186 $ 28,765,594 11.37% $ 70,558,251 40.77% <br />10/01/2011 $ 6,955,356 $ 33,877,613 $ 26,922,257 20.53% $ 62,739,616 42.91% <br />10/01/2013 $ 11,571,968 $ 35,745,213 $ 24,173,245 32.37% $ 61,615,728 39.23% <br />* First year of Indian River County Other Postemployment Benefits Trust (IRCOT) <br />Schedule of Employer Contributions <br />Fiscal Year OPEB Annual Amount Percentage <br />Ending Cost Contributed Contributed <br />9/30/2012 $ 2,830,204 $ 2,962,301 104 67% <br />9/30/2013 $ 2,971,172 $ 2,950,097 99.29% <br />9/30/2014 $ 2,841,266 $ 3,336,027 117 41% <br />In the current fiscal year there have not been any factors; such as changes in benefit provisions. the size or composition of the population covered by <br />the plan or the actuarial methods and assumptions used, that would significantly affect the identification of trends in the amounts reported. See Note <br />17 for more information on the IRCOT <br />101 <br />