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Indian River County,Florida
<br /> Required Supplementary Information
<br /> For the Year Ended September 30,2012
<br /> ( Other Postemployment Benefits Plan
<br /> i
<br /> Schedule of Funding Progress
<br /> 11 UAAL as a
<br /> Actuarial Actuarial Accrued Percentage of
<br /> ( Actuarial Value of Liability(AAL)- Unfunded AAL Covered
<br /> (I Valuation Assets Entry Age (URAL) 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% $ 64,847,001 44.87%
<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 /> *First year of Indian River County Other Postemployment Benefits Trust(IRCOT)
<br /> Schedule of Employer Contributions
<br /> I Fiscal Year Annual Amount Percentage Net OPEB
<br /> (((( Ending Required Contribution Contributed Contributed Obligation
<br /> 9/30/2008 $ 2,626,254 $ 2,720,348 103.58% $ (94,094)
<br /> ( 9/30/2009 $ 2,809,587 $ 2,819,373 100.35% $ (103,880)
<br /> II 9/30/2010 $ 2,814,942 $ 3,030,792 107.67% $ (319,730)
<br /> 9/30/2011 $ 2,949,686 $ 2,819,540 95.59% $ (189,584)
<br /> 9/30/2012 $ 2,830,204 $ 2,962,301 104.67% $ (321,681)
<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 the
<br /> plan or the actuarial methods and assumptions used, that would significantly affect the identification of trends in the amounts reported. See Note 17 for
<br /> more information on the IRCOT.
<br /> 99
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