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Table 1 <br />CITY OF SAN LEANDRO <br />Safety Plan <br />Employer Contribution Rates <br />Phase Out <br />Pool's Pool's of Normal <br />Employer Payment on Surcharge Cost Amortization <br />Fiscal Year Normal Cost Amort. Bases Benefits Difference of Side Fund <br />Tota I <br />Total Employer <br />Employer Contribution <br />Contribution Rate (2) <br />2009 -10 $1,690,097 $186,632 $291,545 $5,853 $2,330,249 $4,504,376 41.560% <br />2010 -11 1,741,616 273,877 299,712 0 2,405,982 4,721,187 42.579% <br />2011 -12 2,044,521 706,005 325,189 0 2,484,177 5,559,892 46.676% <br />2012 -13 n/a n/a n/a n/a n/a n/a 47.9% <br />(1) A negative Side Fund (see Table 2 below) causes the employer contribution rate to be increased by this amount, PERS <br />assumes a certain amortization period, following which the Side Fund will be fully paid. <br />(2) Expressed as a percentage of payroll. 2012 -13 projected by PERS. <br />Sources: PERS actuarial valuations dated as of June 30, 2008 and and as of June 30, 2009. <br />"n /a" data is presently not available. Bianca Lin will provide from the 6130110 PERS report within the next several weeks. <br />Table 2 <br />CITY OF SAN LEANDRO <br />Safety Plan <br />Funded Status of Side Fund <br />Valuation <br />Date <br />Safety <br />(June 30) <br />Side Fund <br />2007 <br />$(26,006,864) <br />2008 <br />(25,753,414) <br />2009 <br />(25,406,581) <br />2010 <br />(24,956,730) <br />2011 <br />(24,393,402) <br />Sources: PERS actuarial valuations dated as of June 30,2008 and as of June 30, 2009. <br />Safety Plan Side Fund Balance Pay -off. The City will pay off its Safety Plan Side Fund <br />balance with proceeds of the Bonds, based upon "pay -off' letters provided by PERS. The lump <br />sum payment due with respect to the Police Safety Plan on 1, 2012 is <br />$[24,393,402]. [CONFIRM - TO COME FROM PERS]. <br />12 <br />