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Cabarrus County, North Carolina
<br />Special Separation Allowance
<br />Required Supplementary Information
<br />Schedule of Funding Progress
<br />June 30, 2010
<br />Exhibit 11
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<br />Actuarial
<br />Covered
<br />Accrued
<br />Payroll
<br />Actuarial
<br />Liability (AAL)
<br />Unfunded
<br />for Year
<br />UAAL as a
<br />Actuarial
<br />Value of
<br />- Projected Unit
<br />AAL
<br />Funded
<br />Ending on
<br />% of Covered
<br />Valuation
<br />Assets
<br />Credit
<br />(UAAL)
<br />Ratio
<br />Valuation Date
<br />Payroll
<br />Date
<br />j_al
<br />1§1
<br />(b-a)
<br />(a/b)
<br />(2l
<br />b -a /c
<br />12/31/2000
<br />$ 282,331
<br />$ 2,027,442
<br />$ 1,745,111
<br />13.93%
<br />$ 4,540,272
<br />38.44%
<br />12/31/2001
<br />232,210
<br />2,210,604
<br />1,978,394
<br />10.50%
<br />4,705,260
<br />42.05%
<br />12/31/2002
<br />142,612
<br />2,362,390
<br />2,219,778
<br />6.04%
<br />5,076,155
<br />43.73%
<br />12/31/2003
<br />56,515
<br />2,403,560
<br />2,347,045
<br />2.35%
<br />5,122,396
<br />45.82%
<br />12/31/2004
<br />149,833
<br />2,527,863
<br />2,378,030
<br />5.93%
<br />5,690,981
<br />41.79%
<br />12/31/2005
<br />265,718
<br />2,275,330
<br />2,009,612
<br />11.68%
<br />6,569,172
<br />30.59%
<br />12/31/2006
<br />341,866
<br />2,398,871
<br />2,057,005
<br />14.25%
<br />6,715,791
<br />30.63%
<br />12/31/2007
<br />377,233
<br />2,436,234
<br />2,059,001
<br />15.48%
<br />7,277,196
<br />28.29%
<br />12/31/2008
<br />33,566
<br />2,504,422
<br />2,470,856
<br />1.34%
<br />8,025,050
<br />30.79%
<br />12/31/2009
<br />106,199
<br />3,494,890
<br />3,388,691
<br />3.04%
<br />8,217,096
<br />41.24%
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