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Cabarrus County, North Carolina <br />Special Separation Allowance <br />Required Supplementary Information <br />Schedule of Employer Contributions <br />Exhibit 12 <br />Year Ended <br />Annual Required <br />Actual <br />Percentage <br />June 30 <br />Contribution <br />Contribution <br />Contributed <br />2003 <br />$ 195,574 <br />$ 179,465 <br />92% <br />2004 <br />358,891 <br />322,574 <br />90% <br />2005 <br />377,815 <br />358,891 <br />95% <br />2006 <br />392,503 <br />377,815 <br />96% <br />2007 <br />340,536 <br />392,503 <br />115% <br />2008 <br />350,675 <br />340,536 <br />97% <br />2009 <br />353,811 <br />350,675 <br />99% <br />2010 <br />412,065 <br />353,811 <br />86% <br />2011 <br />551,536 <br />412,065 <br />75% <br />2012 <br />451,644 <br />551,536 <br />122% <br />The information presented in the required supplementary schedule was determined as part of the actuarial <br />valuations at the dates indicated. Additional information as of the latest actuarial valuation follows. <br />Valuation date <br />Actuarial cost method <br />Amortization method <br />Remaining amortization period <br />Asset valuation method <br />Actuarial assuptions: <br />Investment rate of return* <br />Projected salary increases* <br />Cost -of- living adjustments <br />12/31/2010 <br />Projected unit credit <br />Level percent of pay open <br />10 years <br />Market value <br />5.00% <br />4.25% to 7.85% <br />N/A <br />*Includes inflation at 3.00% <br />78 Attachment number 1 <br />1 -3 Page 335 <br />