Comprehensive Annual Financial Report - Fiscal Year ended 6/30/2017

Actuarial Accrued UAAL as a Actuarial Liability (AAL) Percentage Actuarial Value of Projected Unfunded Funded Covered of Covered Valuation Assets Unit Credit AAL (UAAL) Ratio Payroll Payroll Date (a) (b) (b-a) (a/b) (c) [(b-a)/c] 2010 $ 10,143,872 $ 150,185,303 $ 140,041,431 6.8% $ 188,427,731 74.3% 2011 12,879,600 151,583,713 138,704,113 8.5 189,054,112 73.4 2012 18,679,039 159,349,708 140,670,669 11.7 184,795,621 76.1 2013 24,497,654 160,144,987 135,647,333 15.3 193,037,094 70.3 2014 27,367,097 167,302,907 139,935,810 16.4 198,589,085 70.5 2015 28,387,974 195,163,081 166,775,107 14.5 210,481,133 79.2 2016 27,674,464 217,007,111 189,332,647 12.8 182,145,153 103.9 2017 31,801,081 288,423,704 256,622,623 11.0 182,145,153 * 140.9 City of Raleigh Schedule of Funding Progress - OPEB Notes: Information presented as of December 31 actuarial valuation date for 2010 - 2015. Information presented as of June 30 actuarial valuation date for 2016. (Change implemented with new GASB 74 standard.) * For years following the valuation date (when no new valuation is performed), covered payroll has been set equal to the covered payroll from the most recent valuation. City of Raleigh _____________________________________________________________ Financial Section ____________________________________________________________ __________________________________________________________ 71 __________________________________________________________

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