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<br /> <br /> <br /> <br />September 5, 2024 31 <br />RESULTS <br />Historical ADCs and Contributions <br />(000’s Omitted) <br /> <br />251% <br />100% <br />100%100% <br />101% <br />87% <br />119% <br />98%104%99% <br />99%92% <br />121% <br />$0 <br />$1,000 <br />$2,000 <br />$3,000 <br />$4,000 <br />$5,000 <br />$6,000 <br />Trust Contributions Net Ben Pmts - Cash Ben Pmts - IS ADC <br />Percentage of ADC Contributed <br /> <br /> <br /> <br /> <br />September 5, 2024 32 <br />RESULTS <br />Actuarially Determined Contribution (ADC) <br /> (000’s Omitted) <br /> <br /> 6/30/21 Valuation 6/30/23 Valuation <br /> 2022/23 2023/24 2024/25 2025/26 <br /> ADC - $ <br />• Normal Cost9 $ 719 $ 720 $807 $806 <br />• UAAL Amortization 539 588 757 778 <br />• Total ADC 1,258 1,308 1,564 1,584 <br /> Projected Payroll10 19,990 20,539 17,352 17,830 <br /> ADC - % <br />• Normal Cost 3.6% 3.5% 4.7% 4.5% <br />• UAAL Amortization 2.7% 2.9% 4.4% 4.4% <br />• Total ADC 6.3% 6.4% 9.0% 8.9% <br /> <br /> <br />9 Includes $13, $14, $15, and $16 for CERBT administrative expenses in 2022/23, 2023/24, 2024/25, and 2025/26 <br />respectively. Normal Cost includes impact of future hires with lowest tier benefits. <br />10 2022/23 and 2023/24 include base pay and approximately 26% loading for other PERSable earnings, projected one year with <br />aggregate payroll growth assumption. 2022/23 PERSable earnings provided for 6/30/23 valuation and are projected forward <br />to 2024/25 and 2025/26 with aggregate payroll growth assumption.