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T F D R G s A A e a U re a re m th S u w In 7 n 2 fa B st co To: Memb From: Janet Date: Octob Re: GASB Government ubstantially Alpine Coun An unfunded arned by e ccumulated Under the ol equired con ccurately re eport no lia missing from he magnitud Starting with nfunded pe which disclo n these valu 9.37% fund eeded to m 007, the va allen to 61% Because the tatus, it has ontributions P.O. B bers of the t Dutcher, A ber 29, 201 B 68 and A t Accountin y changes t nty’s FY 201 d pension li mployees t d through e ld rules, a l ntribution, o eflect the e bility but sti m its financi de of the pe h the FY 20 ension liabil ose our liabi Safety Pla Miscellan Total Unf uation repo ded. In the meet future alue of its in % but now is e CalPERS s adopted a s in years w Box 266 - 99 Wate Audit and F Assistant CA 5 lpine Count g Standard he account 15 financial ability resu hrough ser employer co iability was or ARC. Th mployer’s t ill have an u al statemen ension burd 15 financia lity on our b ility to be as an eous Plan unded Pen rts, the Saf fall of 2007 retirement nvestments s slowly clim board belie a new fundi when the pl er Street, Marklee Web Page - http Finance Co AO to Budg ty’s unfund d Board (GA ting and rep l statement ults when th rvice to thei ontributions reported o his is a prob rue financia unfunded p nts meanin den being d al statement balance she s follows (a sion Liabilit fety Plan is 7, CalPERS obligations have dropp mbing back eves invest ng strategy an does no eville, CA 96120 (5 p://www.alpinecou CO Dep Car Jan ommittee get and Fin ed pension ASB) has is porting for p s. he present v r employer to make th only if an em blem becau al position. pension liab g this appro deferred to ts, the new eet. We ob as of June 3 $ ty $ 77.29% fu S investmen meaning it ped signific k to pre-rec tment losse y that indire ot achieve it 530) 694-2284 / F untyca.gov OUNTY O partment o rol McElroy- net Dutcher- nance n liability ssued State public pens value of the rs is less tha hose payme mployer did se the finan An employ bility. The e oach fails to future perio w standards btained valu 30, 2014): $ 2,675,59 5,406,38 $ 8,081,98 nded and th nts were 10 ts plans ove cantly and i cession leve es have con ectly will req ts 7.5% ben Fax (530) 694-2491 F ALPINE of Finance - CAO/DOF - Asst CAO ement No. 6 sion plans a e future reti an the fair v ents. not make ncial statem yer could ti employer’s o let today’ ods and fut require Alp uation repo 99 84 83 he Miscella 01% of the erall were f n 2009 its f els. ntributed to quire increa nchmark re 1 E to Budget 68 which and is effec rement pay value of the all of its an ments did n mely pay it largest obli s taxpayers ure taxpaye pine to inclu rts from Ca aneous Plan projected a ully funded funded stat the unfund ased emplo eturn by at l and Financ ctive with yments e assets nual ot ts ARC, igation is s know ers. ude our alPERS n is assets d. Since tus had ded yer east ce