District's proportion of the FRS net pension liability % %

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3 SCHEDULE OF THE DISTRICT S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY FLORIDA RETIREMENT SYSTEM PENSION PLAN District's proportion of the FRS net pension liability % % District's proportionate share of the FRS net pension liability $ 801,597 $ 282,715 District's covered-employee payroll $ 1,765,382 $ 1,717,736 District's proportionate share of the FRS net pension liability as a percentage of its covered-employee payroll 45.4% 16.5% FRS Plan fiduciary net position as a percentage of the total pension liability 88.54% 96.09% Note: The amounts presented for each fiscal year were determined as of June 30 th. The schedule is presented to illustrate the requirements of GASB Statement No. 68. Currently, only data for fiscal years ending June 30, 2014 and 2015 are available. 94

4 SCHEDULE OF DISTRICT CONTRIBUTIONS FLORIDA RETIREMENT SYSTEM PENSION PLAN Contractually required FRS contribution $ 62,663 $ 101,495 FRS contributions in relation to the contractually required contribution 62, ,495 FRS contribution deficiency (excess) $ - $ - District's covered-employee payroll $ 1,765,382 $ 1,717,736 FRS contributions as a percentage of covered-employee payroll 3.5% 5.9% Note: The amounts presented for each fiscal year were determined as of June 30 th. The schedule is presented to illustrate the requirements of GASB Statement No. 68. Currently, only data for fiscal years ending June 30, 2014 and 2015 are available. 95

5 SCHEDULE OF THE DISTRICT S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY HEALTH INSURANCE SUBSIDY PENSION PLAN District's proportion of the HIS net pension liability % % District's proportionate share of the HIS net pension liability $ 512,051 $ 545,094 District's covered-employee payroll $ 1,765,382 $ 1,717,736 District's proportionate share of the HIS net pension liability as a percentage of its covered-employee payroll 29.0% 31.7% HIS Plan fiduciary net position as a percentage of the total pension liability 1.78% 0.99% Note: The amounts presented for each fiscal year were determined as of June 30 th. The schedule is presented to illustrate the requirements of GASB Statement No. 68. Currently, only data for fiscal years ending June 30, 2014 and 2015 are available. 96

6 SCHEDULE OF DISTRICT CONTRIBUTIONS HEALTH INSURANCE SUBSIDY PENSION PLAN Contractually required HIS contribution $ 19,266 $ 19,971 HIS contributions in relation to the contractually required HIS contribution 19,266 19,971 HIS contribution deficiency (excess) $ - $ - District's covered-employee payroll $ 1,765,382 $ 1,717,736 HIS contributions as a percentage of covered-employee payroll 1.09% 1.2% Note: The amounts presented for each fiscal year were determined as of June 30 th. The schedule is presented to illustrate the requirements of GASB Statement No. 68. Currently, only data for fiscal years ending June 30, 2014 and 2015 are available. 97

7 SUPPLEMENTAL EARLY RETIREMENT PENSION TRUST FUND SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY AND RELATED RATIOS JUNE 30, 2015 Total Pension Liabilty Interest Cost Not Available 2,662 Differences Between Expected and Actual Experiences " (1,432) Benefit Payments, Including Refunds of Member Contributions " (4,147) Net Change in Total Pension Liabiltiy " (2,917) Total Pension Liability - Beginning " 41,510 Total Pension Liability - Ending $ 41,510 $ 38,593 Plan Fiduciary Net Position Contributions - Employer " 2,276 Net Investment Income " 4,476 Benefit Payments, Including Refunds of Member Contributions " (4,147) Administrative expense " (42) Net Change in Plan Fiduciary Net Position " 2,563 Plan Fiduciary Net Position - Beginning " 24,632 Plan Fiduciary Net Position - Ending $ 24,632 $ 27,195 Net Pension Liability - Ending $ 16,878 $ 11,398 Net Position as a % of the Total Pension Liability 59.34% 70.47% Covered-employee payroll N/A N/A Net Pension Liability as a percentage of coveredemployee payroll N/A N/A Notes to Schedule: The schedule is presented to illustrate the requirements of GASB Statement No. 68. Currently only data for fiscal years ending June 30, 2014 and 2015 are available. 98

8 SUPPLEMENTAL EARLY RETIREMENT PENSION TRUST FUND SCHEDULE OF INVESTEMENT RETURNS JUNE 30, Annual Money-Weighted Rate of Return, 7.53% 14.85% (6.16%) (15.06%) 8.60% 14.10% 2.39% 13.37% 18.53% 3.29% Net of investment expense 99

9 SUPPLEMENTAL EARLY RETIREMENT PENSION TRUST FUND SCHEDULE OF CONTRIBUTIONS JUNE 30, 2015 Actuarially Determined Contribution $ 2,276 $ 2,276 Contribution made in Relation to the Actuarially Determined Contribution 2,276 2,276 Contribution Deficiency (excess) $ - $ - Covered-Employee Payroll Not Applicable* Not Applicable* Contributions as a % of covered employee payroll Not Applicable* Not Applicable* Notes to Schedule: Valuation Date: July 1, 2014 Methods and assumptions used to determine contributions rates: Actuarial Cost Method Entry Age Normal Asset Valuation Method Fair Value Cost of Living Increase 3.00% Investment Rate of Return 6.75% net pension plan investment expense, including inflation. Retirement Age None Mortality rates were based on RP-2000 Healthy Annuitant/Non Annuitant Mortality Table for Males or Females, as appropriate, with adjustment for mortality improvements based on Scale AA. * The School Board closed the Supplemental Early Retirement Plan to new employees on July 1, 2000, with no additional employees vesting after July 1,

10 OTHER POST EMPLOYMENT BENEFITS SCHEDULE OF FUNDING PROGRESS Actuarial Valuation Date Actuarial Accrued Liability (AAL) Actuarial Value of Plan Assets Unfunded AAL (UAAL) Percentage Funded Annual Covered Payroll UAAL as Percentage of Payroll 10/1/2006 $ 322,766 $ 0 $ 322, % $ 1,619, % 6/30/ , , % 1,734, % 6/30/ , , % 1,822, % 6/30/ , , % 1,823, % 6/30/ , , % 1,715, % 6/30/ , , % 1,709, % 6/30/ , , % 1,521, % 6/30/ , , % 1,717, % 101

11 OTHER POST EMPLOYMENT BENEFITS SCHEDULE OF EMPLOYER CONTRIBUTIONS Fiscal Year Annual Required Contribution (ARC) Amount Contributed Percentage of Contribution Net OPEB Obligation 2011 $ 5,934 $ 10, % $ 19, ,127 11, % 17, ,270 14, % 14, ,289 9, % 19, ,815 9, % 26,