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<br /> <br /> <br /> <br /> October 13, 2022 27 <br />RESULTS <br />Actuarially Determined Contribution (ADC) <br /> (000’s Omitted) <br /> <br /> 6/30/19 Valuation 6/30/21 Valuation <br /> 2020/21 2021/22 2022/23 2023/24 <br /> ADC - $ <br />• Normal Cost10 $ 1,577 $ 1,580 $1,359 $1,356 <br />• UAAL Amortization 2,414 2,486 1,062 1,173 <br />• Total ADC 3,991 4,066 2,421 2,529 <br /> Projected Payroll11 39,434 40,618 42,070 43,227 <br /> ADC - % <br />• Normal Cost 4.0% 3.9% 3.2% 3.1% <br />• UAAL Amortization 6.1% 6.1% 2.5% 2.7% <br />• Total ADC 10.1% 10.0% 5.8% 5.9% <br /> <br /> <br /> <br />10 Includes $26, $28, $29, and $30 for CERBT administrative expenses in 2020/21, 2021/22, 2022/23, and 2023/24 <br />respectively. Normal Cost includes benefits ends at age 65 for new hires. <br />11 Includes base pay and approximately 5% loading for other PERSable earnings, projected one year with aggregate payroll <br />growth assumption. <br /> <br /> <br /> <br /> <br /> October 13, 2022 28 <br />RESULTS <br />Actuarially Determined Contribution (ADC) <br /> (000’s Omitted) <br />