Audit for Fiscal Year Ending June 30, 2017

Schedule 8

CITY OF SPENCER SCHEDULE OF CITY CONTRIBUTIONS - Continued

MUNICIPAL FIRE AND POLICE RETIREMENT SYSTEM OF IOWA LAST 10 FISCAL YEARS (IN THOUSANDS)

OTHER INFORMATION (UNAUDITED)

2017

2016

2015

2012

2014

2013

2011

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

$ 374 $ 379 $ 395 $ 388 $ 330

$ 304 $ 237

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

--.lli.

379

304

237

~ ~ ~

L--.U

Q L--.U

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

0

$

$

$

$

Q

Q

Q

$

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

$1,444 $1,363 $1,298 $1,287 $1,265

$1,226 $1,191

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

24.76% 19.90%

25.92% 27.77% 30.41% 30.12% 26.12%

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 55