tailieunhanh - REPORT NO. 2009-176 MARCH 2009 FLORIDA COMMUNITY COLLEGE AT JACKSONVILLE_part4

Tháng 3 năm 2009 FLORIDA CAO ĐẲNG CỘNG ĐỒNG AT Jacksonville Một ĐƠN VỊ PHẦN CỦA NHÀ NƯỚC FLORIDA THUYẾT MINH BÁO CÁO TÀI CHÍNH (TIẾP) ngày 30 tháng sáu năm 2008 Chi phí khấu hao mô tả thông thường (Dịch vụ Chi phí cho một năm) của công trái phù động lãi Thống Kê Bảo Hiểm Trách nhiệm Chi Chi phí bình thường và lãi khấu hao hàng năm đóng góp bắt buộc về việc điều chỉnh Nghĩa vụ Net OPEB Chi phí hàng năm đóng góp bắt buộc OPEB hàng năm (chi phí) Đóng góp. | March 2009 report No. 2009-176 FLORIDA community college at JACKSONVILLE A component unit of the state of FLORIDA notes to financial statements Continued June 30 2008 Description Amount Normal Cost Service Cost for One Year Amortization of Unfunded Actuarial Accrued Liability Interest on Normal Cost and Amortization 507 178 360 898 34 723 Annual Required Contribution Interest on Net OPEB Obligation Adjustment to Annual Required Contribution 902 799 - - Annual OPEB Cost Expense Contribution Toward the OPEB Cost 902 799 464 511 Increase in Net OPEB Obligation Net OPEB Obligation Beginning of Year 438 288 - Net OPEB Obligation End of Year 438 288 The College s annual OPEB cost the percentage of annual OPEB cost contributed to the plan and the net OPEB obligation as of June 30 2008 the year of implementation was as follows Fiscal Year Annual Percentage of Net OPEB OPEB Cost Annual Obligation OPEB Cost __ __ Contributed _ Beginning Balance July 1 2007 2007-08 902 799 438 288 Funded Status and Funding Progress. As of July 1 2008 the actuarial accrued liability for benefits was 10 585 442 and the actuarial value of assets was 0 resulting in an unfunded actuarial accrued liability of 10 585 442. The covered payroll annual payroll of active participating employees was 57 986 868 for the 2007-08 fiscal year and the ratio of the unfunded actuarial accrued liability to the covered payroll was percent. Actuarial Methods and Assumptions. Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about future employment and termination mortality and health care cost trends. Amounts determined regarding the funded status of the plan and the annual required contributions of the employer are subject to continual revision as actual results are compared with past expectations and new estimates .