Laserfiche WebLink
Annual Required Contribution (ARC) <br />January 1, 2012 to <br />December 31, 2012 <br />1. Discount rate 4.50% <br />2. Preliminary Annual Required Contribution (ARC) <br />a. <br />Normal cost <br />$ 13,676 <br />b. <br />Administrative expenses <br />0 <br />c. <br />Supplemental cost <br />i. Amortization of Net OPEB Obligation <br />5,574 <br />i. Accrued liability <br />105,338 <br />1. Fraction to year end: 50% <br />ii. Assets <br />0 <br />124 <br />iii. Outstanding balance, i. — ii. <br />105,338 <br />e. Annual OPEB Cost, b. + c. -- d.iii. <br />iv. Amortization years <br />See amort. table <br />v. Supplemental cost <br />6,547 <br />d. <br />Beginning of year contribution: a. + b. + c.v. <br />20,223 <br />e. <br />Contribution timing <br />i. Fraction to year end: 50% <br />ii. Compound interest to year end at 4.50% <br />450 <br />f. <br />Preliminary ARC: d. + e.ii., not less than 0 <br />20,673 <br />3. Minimum Annual Required Contribution (ARC) <br />a. Normal cost 13,676 <br />b. Administrative expenses 0 <br />c. Unfunded liability 105,338 <br />d. Minimum supplemental cost 6,188 <br />e. Minimum ARC: a. + b. + d., not less than 0 19,864 <br />f. Contribution timing <br />i. Fraction to year end: 50% <br />ii. Compound interest to year end at 4.50% 442 <br />q. Minimum ARC adjusted for timing: e. + f.ii. 20,306 <br />4. Annual Required Contribution: maximum of 2.f, and 3.g. 20,673 <br />Annual OPEB Cost <br />January 1, 2012 to <br />December 31, 2012 <br />1. Discount rate 4.50% <br />2. Annual OPEB Cost <br />a. Net OPEB Obligation (NOO) as of January 1, 2012 <br />$ 93,302 <br />b. Annual Required Contribution (ARC) <br />20,673 <br />c. Interest on NOO at 4.50% to year end <br />4,199 <br />d. Adjustment to the ARC <br />i. Amortization of Net OPEB Obligation <br />5,574 <br />ii. Contribution timing <br />1. Fraction to year end: 50% <br />2. Interest on amortization at 4.50% <br />124 <br />iii. Total adjustment: (i) +(ii)(2) <br />5,698 <br />e. Annual OPEB Cost, b. + c. -- d.iii. <br />19,174 <br />City of Pequot Lakes <br />Page 7 <br />