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Indian River County, Florida <br /> Notes To Financial Statements <br /> Year Ended September 30 , 2002 <br /> NOTE 14 - DEFINED BENEFIT PENSION PLANS — Continued <br /> B . Firefighters Defined Benefit Pension Plan — Continued <br /> Funding Progress : <br /> Actuarial <br /> Actuarial Accrued URAL As <br /> Actuarial Value of Liability (AAL) Unfunded Funded Covered of Covered <br /> Valuation Assets Frozen Entry Age AAL (URAL) Ratio Payroll Payroll <br /> Date (a) (b) (b-a) (a/b) (c ) (b-a)/c <br /> 10/01 /00 $ 7,202,770 $ 7,593 ,964 $ 391 , 194 94 . 8% $ 1649201 238 . 2% <br /> 10/01 /01 $ 7,3129430 $ 79876,933 $ 5649503 92 . 8 % $ 865791 650. 4% <br /> 10/01 /02 $ 699939181 $ 7,982,786 $ 989,605 87 . 6% $ 63 ,483 1558 . 9% <br /> Annual Pension Cost And Net Pension Obligation <br /> Fiscal Year Ending September 30 : 2002 2001 2000 <br /> A . Annual Required Contribution (ARC) * $ 242, 148 $ 234,915 $ - <br /> B . Interest on Net Pension Obligation (NPO) (23 , 103 ) (38,216) (35 ,359) <br /> C . Adjustment to ARC ( 1109335) (2293101 ) (2435597) <br /> D . Annual Pension Cost (A+B -C) 329,380 425 ,800 208,238 <br /> E . Actual Contributions 246,373 2361893 243 ,951 <br /> F. NPO at beginning of year (288,790) (4779697) (441 ,984) <br /> G Increase (decrease) in NPO (D-E) 83 ,007 1885907 (359713 ) <br /> H . NPO at end of year (F+G) (2059783 ) (288, 790) (477,697) <br /> * Includes expected State contribution . <br /> Three- Year Trend Information : <br /> Percentage <br /> Annual Pension Cost of APC Net Pension <br /> Year Ending APC Contributed Oblijzation <br /> September 30, 2000 $208,238 117% $(477,697) <br /> September 30 , 2001 $4259800 56% $(288,790) <br /> September 30, 2002 $329,380 75 % $(205 , 783 ) <br /> 78 <br />