FY 2017 - 2018 Audit

CITY OF SPENCER SCHEDULE OF CITY CONTRIBUTIONS

IOWA PUBLIC EMPLOYEES' RETIREMENT SYSTEM LAST 8 FISCAL YEARS (IN THOUSANDS)

OTHER INFORMATION (UNAUDITED)

2018

2017

2016

2015

2014

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

$ 286

$ 294

$ 275

$ 265

$ 261

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

-.ill.

294

261

~

~

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

0

0

0

$

0

$

$

$

~

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

$3,217

$3,289

$3,072

$2,963

$2,921

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

8.90%

8.94%

8.94%

8.94%

8.94%

MUNICIPAL FIRE AND POLICE RETIREMENT SYSTEM OF IOWA LAST 8 FISCAL YEARS (IN THOUSANDS)

OTHER INFORMATION (UNAUDITED)

2018

2017

2016

2015

2014

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

$ 366

$ 374

$ 379

$ 395

$ 388

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

366

374

~

~ ~

0

0

0

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

$

0

$

$

$

~

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

$1,287

$1,427

$1,444

$1,383

$1,298

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

30.41 %

30.12%

25.68%

25.92%

27.77%

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