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COMPREHENSIVE ANNUAL FINANCIAL REPORT
ESCAMBIA COUNTY, FLORIDA 
NOTES TO COMBINED FINANCIAL STATEMENTS (CONTINUED) 
SEPTEMBER 30, 2011 
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prepared for the OPEB plan, however, a summary of each Constitutional Officer’s participation in this OPEB plan 
can be found in their separately issued financial statements.   
The County engaged an actuarial firm to determine the estimated obligation associated with the plan.  At October 
1, 2010, the date of the latest actuarial valuation, plan participation consisted of: 
OPEB plan participants 
2,143 
Retirees receiving benefits 
   354 
The County has the authority to establish and amend the OPEB funding policy, and is not required by law or other 
contractual agreement to provide funding for the implicit rate subsidy other than the pay‐as‐you‐go amount 
necessary to provide current benefits for participants in its health insurance plan.   During 2011, the County paid 
$530,452 as funding of the implicit rate subsidy OPEB. 
The County’s annual OPEB cost (expense) is calculated based on the Annual Required Contribution (ARC) of the 
employer, an amount actuarially determined in accordance with GASB Statement No. 45. The ARC represents a 
level of funding that, if paid on an ongoing basis, is projected to cover normal cost each year and to amortize any 
unfunded actuarial liabilities (or funding excess) over a period not to exceed thirty years. The following table shows 
the components of the County’s OPEB cost for the year, the amount actually contributed to the plan, and changes 
in the County’s net OPEB obligation: 
For the fiscal year ended
9/30/2011
Determination of Annual Required Contribution (ARC)
Normal Cost at year end
$977,239
Amortization of the unfunded actuarial liability (UAAL)
643,057
Annual Required Contribution (ARC)
$1,620,296
Annual OPEB Cost and Net OPEB Obligation
Annual Required Contribution (ARC)
$1,620,296
Interest on net OPEB obligation
229,403
Adjustment to annual required contribution
(220,503)
Annual OPEB cost (expense)
1,629,196
Employer contributions made*
(530,452)
Increase in net OPEB obligation
1,098,744
Net OPEB obligation ‐ beginning of year
5,809,794
Estimated Net OPEB obligation ‐ end of year
$6,908,538
*Actuarially estimated employer contributions for 2011.