2020-2021

2019-2020

2018-2019

2017-2018

2016-2017

2015-2016

2014-2015

2013-2014

fiscal year *

fiscal year *

fiscal year *

fiscal year *

fiscal year *

fiscal year *

fiscal year *

fiscal year *

Total Pension Liability

Service Cost

$ -

$ -

$ -

$ 32,343

$ 39,458

$ 39,458

$ 610,538

$ 610,538

Interest

975,128

1,060,385

1,039,752

1,047,288

1,084,026

1,058,153

1,468,046

1,413,259

Demographic Experience

99,810

105,919

(250,127)

1,242,829

64,395

1,584,308

-

-

Benefit payments, including refunds of member contributions

(1,454,272)

(1,430,328)

(1,463,760)

(1,393,381)

(1,300,770)

(1,189,185)

(1,058,026)

(998,103)

Changes in benefit terms

- -

-

-

-

-

(8,758,650) -

Assumption changes

605,051

-

975,932

600,308

-

(1,115,213)

(4,541,925)

-

Net change in total pension liability

225,717

(264,024)

301,797

1,529,387

(112,891)

377,521

(12,280,017)

1,025,694

Total Pension Liability - Beginning

16,080,731

16,344,755

16,042,958

14,587,748

14,700,639

14,323,118

26,603,135

25,577,441

Total Pension Liability - Ending

$ 16,306,448

$ 16,080,731

$ 16,344,755

$ 16,117,135

$ 14,587,748

$ 14,700,639

$ 14,323,118

$ 26,603,135

Plan Fiduciary Net Position

Contributions- employer $ - $ - $ - $ -

$ -

$ - $ 1,662,560 $ 1,591,288

Net investment income

2,285,748

937,157

1,136,618

969,135

756,397

1,000,647

428,679

929,052

Benefit payments, including refunds of member contributions

(1,454,272)

(1,430,328)

(1,463,760)

(1,393,381)

(1,300,770)

(1,189,185)

(1,074,335)

(960,021)

Administrative Expenses

(28,246)

(30,955)

(29,492)

(32,001)

(20,015)

(27,263)

(12,549)

-

Net Change in Plan Fiduciary Net Position

803,230

(524,126)

(356,634)

(456,247)

(564,388)

(215,801)

1,004,355

1,560,319

Plan Fiduciary Net Position - Beginning

16,300,840

16,824,966

17,181,600

17,637,847

18,202,235

18,418,036

17,413,681

15,853,362

Plan Fiduciary Net Position - Ending

$ 17,104,070

$ 16,300,840

$ 16,824,966

$ 17,181,600

$ 17,637,847

$ 18,202,235

$ 18,418,036

$ 17,413,681

$ (797,622)

$ (220,109)

$ (480,211)

$ (1,064,465)

$ (3,050,099)

$ (3,501,596)

$ (4,094,918)

$ 9,189,454

104.89%

101.37%

102.94%

106.60%

120.91%

123.82%

128.59%

65.46%

N/A

N/A

N/A

$ 16,096,946

$ 24,925,025

$ 24,925,025

$ 167,496,619

$ 167,496,619

N/A

N/A

N/A

N/A

N/A

N/A

N/A

5.49%