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Exhibit 11
<br />Cabarrus County, North Carolina
<br />Special Separation Allowance
<br />Required Supplementary Information
<br />Schedule of Funding Progress
<br /> June 30, 2012
<br />Actuarial Covered
<br />AccruedPayroll
<br />)Unfundedfor YearUAAL as a
<br />ActuarialLiability (AAL
<br />Value of -Projected UnitAALFundedEnding on% of Covered
<br />Actuarial
<br />ValuationAssetsCredit (UAAL)RatioValuation DatePayroll
<br />(a)(b)(b-a)(a/b)(c)((b-a)/c)
<br />Date
<br />12/31/2002142,612$ 2,362,390$ 2,219,778$ 6.04%5,076,155$ 43.73%
<br />12/31/200356,515 2,403,560 2,347,045 2.35%5,122,396 45.82%
<br />12/31/2004149,833 2,527,863 2,378,030 5.93%5,690,981 41.79%
<br />12/31/2005265,718 2,275,330 2,009,612 11.68%6,569,172 30.59%
<br />12/31/2006341,866 2,398,871 2,057,005 14.25%6,715,791 30.63%
<br />12/31/2007377,233 2,436,234 2,059,001 15.48%7,277,196 28.29%
<br />12/31/200833,566 2,504,422 2,470,856 1.34%8,025,050 30.79%
<br />12/31/2009106,199 3,494,890 3,388,691 3.04%8,217,096 41.24%
<br />12/31/2010588,157 3,178,770 2,590,613 18.50%8,514,139 30.43%
<br />12/31/2011870,274 3,402,919 2,532,645 25.57%8,788,658 28.82%
<br />77
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