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<br />45 <br /> The City's total contributions to each Plan for fiscal years 2014-15 through 2017-18 were as follows: <br />Miscellaneous Plan <br />Fiscal Year Total City Contribution <br />2014-15 $5,043,060 <br />2015-16 5,638,865 <br />2016-17 6,387,063 <br />2017-18 (1) <br />Safety Plan <br />Fiscal Year Total City Contribution <br />2014-15 $2,992,821 <br />2015-16 5,482,854 <br />2016-17 5,233,646 <br />2017-18 (1) <br /> (1) Unaudited. Source: City of San Leandro Comprehensive Annual Financial Report <br />for fiscal year ended June 30 ,2017. The Plans continue to represent one of the most significant financial pressures on the <br />City’s General Fund. Since fiscal year 2013-14, the City has taken a number of steps to address its pension expense. In particular, in fiscal year 2013-14, all City staff agreed to make the required employee contribution for each Plan. Safety Plan participants pay the employee’s <br />required employee contribution of approximately 9% and Miscellaneous Plan participants pay the required employee contribution of approximately 8%. Additionally, Safety Plan staff <br />commenced contributing to the employer’s portion of 1% per year for three years beginning July <br />1, 2017, with an increase in wage rates to offset the additional contribution. <br />Funded Status. The following tables set forth the schedule of funding for the City’s <br />Plans for the fiscal years 2014-15 through 2016-17. The following information was provided to the City from CalPERS and has not been reviewed for accuracy or audited by the Auditor. <br />CalPERS is responsible for the assumptions, estimates and data that are used to create the <br />funded ratios. <br />Miscellaneous Plan <br />Valuation <br />Date (June 30) <br />Entry Age Normal <br />Accrued Liability <br /> <br />Plan’s Market <br />Value of Assets <br />Unfunded <br />Accrued Liability Funded Ratio(1) <br />2014 $256,461,173 $196,388,428 $60,072,745 76.6% <br />2015 265,014,124 192,726,045 $72,288,079 72.7% <br />2016 275,674,397 185,715,134 89,959,263 67.4 <br />2017 286,155,310 198,471,521 87,683,789 69.4 <br /> (1) Based on the market value of assets. Source: CalPERS Actuarial Report Dated August 2016 and July 2018.