Audit for Fiscal Year Ending June 30, 2017

Schedule 8

CITY OF SPENCER SCHEDULE OF CITY CONTRIBUTIONS

IOWA PUBLIC EMPLOYEES' RETIREMENT SYSTEM LAST 10 FISCAL YEARS (IN THOUSANDS)

OTHER INFORMATION (UNAUDITED)

2015

2017

2016

2014

2013

2012

2011

Statutorily required contribution ...................

$ 255 $ 238 $ 202

$ 294 $ 275 $ 265 $ 261

Contributions in relation to the statutorily required contribution ...................

-ID

265

261

202

294

~ ~

LJ. LJ.

LJ. LJ.

Contribution deficiency (excess) ..................

$

$

0

0

~

City's covered-employee payroll ..................

$3,289 $3,072 $2,963 $2,921

$2,939 $2,938 $2,900

Contributions as a percentage of covered-employee payroll ...........................

8.10%

8.94%

8.94%

8.94%

8.94%

8.68%

6.97%

Note: GASB Statement No. 68 requires ten years of information to be presented in this table. However, until a full 1O-year trend is compiled, the City will present information for those years for which information is available.

See Accompanying Independent Auditors' Report 54