FY 2017 Budget Highlights

RETIREMENT PLAN FUNDING PENSION CONTRIBUTIONS Fiscal Year Actuarially Determined Contribution Contribution in Relation Percent Recognized 2014 $ 18,687,000 $ 21,260,450 113.8% 2015 $ 18,721,000 $ 20,322,636 108.6% 2016* $ 18,995,436 $ 19,072,836 100.4% 2017** $ 16,589,733 $ 19,349,200 116.6% PENSION LIABILITY*** Fiscal Year 2014 2015 2016 Plan Fiduciary Net Position (PFNP) $455,073,971 Total Pension Liability (TPL) PFNP as a % of TPL $474,630,000 95.88% $ 487,314,620 $ 508,116,000 95.91% TBD TBD TBD *Source: Actuarial Valuation as of 7-1-14 **Source: Actuarial Valuation as of 7-1-15 ***Source: GASB 68 Actuarial Information for the period ending 6-30-15 98

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