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6.1.G. - Page 22 <br /> Chart 4 s 6 <br /> �PEB ARC Paymen� S�atus <br /> � Made 100% of annual recfuired contribution , <br /> \ No accrued liabilitv / <br /> Belmant � <br /> �lalf �Nlonn Bay / Made �reater <br /> � Hi�Isborough / than 25% of <br /> No Benefits or ��� � park /� annual required <br /> no data � san Carlos contribu�ion <br /> ��an Mateo County/ [2009 — Z010) <br /> / <br /> \ Burfingame <br /> Colma �\ � Daly Ciry <br /> East Palo Alta �\ f� Millbrae <br /> Facifica Redwoad City <br /> �ortola Valley San Bruno <br /> Woodside � 5an Matea <br /> j 5. 5an Francisco �se� <br /> / Athertort Footnote6) <br /> /� 6risbane <br /> / Foster City (se� � <br /> / Footnote 5) \ <br /> / \ / Made less than � <br /> �. 25% of annuaf � <br /> % required � <br /> � contribution � <br /> / (2Q09 — 201Q1 \ <br /> As in the case of pensian benefit�, the Grand Jury assess�d the le�vel at �nrhich cities and the <br /> County were making their ax�ua] requzz contributions. It did not atte�pt to assess the level oz <br /> rate of grawth of future annual payments and the impact those might have on city finances <br /> becanse of the variables involved, the limited time available, and the inability to cha�lenge the <br /> assumptions made. These were beyand the scoge of tkzis investigation. <br /> � Foster City has set aside $7 milfion, the full amount actuarially determined in 24D9 �s necessary ta fully fund its <br /> OPEB abiigatian. Although managed separately, because the funds are nat in an irrevocable trust, the lia�ility must <br /> be reporte� as unfunded per GASB 45. <br /> s South San Francisco has set aside $B.8 million towards its OPEB lia�ility but it rnust be report�d as unfunded #ar <br /> the same reason as noted for Foster City abo�e. <br /> 17 <br />