6. Required Supplementary InformationMIKOMMMIND
CITY OF KALISPELL, MONTANA
SCHEDULE OF FUNDING PROGRESS — OTHER POST -EMPLOYMENT HEALTHCARE BENEFITS
Fiscal Year Ended June 30, 2010
Because the year ended June 30, 2009 was the year of transition for GASB Statement No. 45, requirements of GASB
Statement No. 45 have been implemented prospectively. Therefore, the below illustration does not reflect similar
information respective of years preceding June 30, 2009. The annual OPEB costs, the percentage of OPEB cost
contributed to the plan, and the net OPEB obligation for June 30, 2010 for the Retiree Health Plan are as follows:
ANNUAL OPEB COST
Retiree Health Plan
Year
Ended
Annual OPEB
Cost
Percentage of OPEB
Cost Contributed
Net OPEB
Obligation
6/30/2009
$ 282,232
0.0%
$ 282,232
6/30/2010
$ 282,232
0.0%
$ 564,464
The Funded status of the plan was as follows:
a } Actuarial accrued liability (AAL) $3,008,91
b) Actuarial value of plan assets (UAAL)
nfunded actuarial accrued liability (funding excess) [( a) - ( b )] $3,008,91
Ended ratio (b) / (a) 0.
c ) Covered payroll Not available
nfunded actuarial accrued liability (funding excess) as a percentage of covered payroll
(a ) - ( b )I / ( c )) Not available
Changes in plan provisions
There were no benefit changes for the 2009-2010 plan year.
5%
w
N
r
Q
O W d
d
�
E
W
wi �
va se
w
rr, » v Fn
a a mo
�I
0
Q
�¢ rn �Oo
rn rn
W
O
b9 69
69 V3
Ni
M �
x
�
vj n
us v3
us
Hi 69
fA b9
fA
FA ER E9 69
z
a
o
Q
Wr
O
69 (H
69 Vi
EH
3
0
w
o
w y
�
mod
aVE —go
,�a, C7a&'xL1L1F
RIFF
z www
WmFa,P,Uw�.S�
GG
U
O
63