Laserfiche WebLink
CO RECREATION AND PARK DISTRICT <br />Required Supplementary Information <br />For the fiscal year ended June 30, 2020 <br />Schedule of OPEB Plan Contributions — Last 10 years* <br />Contributions in Contributions <br />relation to the as a <br />Actuarially actuarially Contribution percentage of <br />determined determined deficiency covered <br />June 30, 2017 <br />278,108 <br />$ (278,108) $ $ <br />- N/A <br />June 30, 2018 <br />288,044 <br />(288,044) <br />71223,666 N/A <br />June 30, 2019 <br />4,504,187 <br />(4,504,187) <br />7,122,600 63.24% <br />June 30, 2020 <br />135,011 <br />(147,488) (12,477) <br />7,354,085 1.84% <br />Notes to Schedule: <br />Actuarial cost method <br />Entry age cost <br />Actuarial assumptions: <br />Discount rate <br />6.25% <br />Inflation <br />2.26% <br />Salary increases <br />Varies by entry age and service <br />Payroll growth <br />3.25% <br />Health care trend rates <br />Pre -65 and Post -65, 6.90% and 4.60%, respectivley <br />for 2021, both <br />reducing to 4.25% at 2032 and thereafter <br />Mortality <br />Derived using CaIPERS'valuations <br />*Fiscal year 2018 (measurement period 2017) was the first year of implementation. Additional <br />years will be presented as information becomes available. <br />See notes to the required supplementary information. <br />77 <br />