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Ordinance 2024-611
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Ordinance 2024-611
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Last modified
5/31/2024 3:48:43 PM
Creation date
5/30/2024 11:54:13 AM
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CityClerk-Ordinances
Ordinance Number
2024-611
Date (mm/dd/yyyy)
05/16/2024
Description
And Ordinance 2023-606; Approving Budget Amnd No. BA2324-02; Operating & Capital Improvement Budget for 2023-2024 FY-General Fund & Capital Projects
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74 <br />CITY OF SUNNY ISLES BEACH, FLORIDA <br />REQUIRED SUPPLEMENTARY INFORMATION <br />SCHEDULE OF PROPORTIONATE SHARE OF NET PENSION LIABILITY - <br />RETIREE HEALTH INSURANCE SUBSIDY PROGRAM <br />(UNAUDITED) <br />June 30, <br />2023 2022 2021 2020 2019 2018 <br />2017 <br />2016 <br />2015 <br />2014 <br />City of Sunny Isles Beach's proportion of <br />the net pension liability <br />0.052156298% 0.047159501% 0.046730414% 0.046462988% 0.045544109% 0.044162719% <br />0.042122000% <br />0.041674824% <br />0.040376046% <br />0.038232292% <br />City of Sunny Isles Beach's proportionate <br />share ofthe net pension liability <br />$ 8,283,116 $ 4,994,944 $ 5,732,188 $ 5,673,055 $ 5,059,930 $ 4,674,232 <br />$ 4,503,879 <br />$ 4,857,028 <br />$ 4,117,721 <br />$ 3,574,813 <br />City of Sunny Isles Beach's covered <br />$ 19,622,351 $ 16,898,383 $ 15,810,486 $ 15,348,814 $ 15,161,383 $ 14,745,632 <br />$ 13,987,180 <br />$ 13,608,825 <br />$ 13,000,622 <br />$ 12,258,101 <br />payroll <br />City of Sunny Isles Beach's proportionate <br />share of the net pension liability as a <br />percentage of its covered payroll <br />42.2% 29.6% 36.26% 36.96% 33.37% 31.70% <br />32,20% <br />35.69% <br />31.67% <br />29.16% <br />Plan fiduciary net position as a percentage <br />oftotal pension liability <br />4.12.% 4.81% 3.56% 3.00% 2.63% 2.15% <br />1.64% <br />0.97% <br />0.50% <br />0.99% <br />This schedule is presented as required by accounting <br />principles generally accepted in the United States ofAmerica. <br />74 <br />
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