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Schedule A-1 <br />ORANGE COUNTY, NORTH CAROLINA <br />LAW ENFORCEMENT OFFICERS' SPECIAL SEPARATION ALLOWANCE <br />REQUIRED SUPPLEMENTARY INFORMATION <br />FOR THE YEAR ENDED JUNE 30, 2012 <br />Schedule of Funding Progress <br />Actuarial <br />AccruedUAAL as a <br />ActuarialLiability (AAL)-UnfundedPercentage <br />ActuarialValue of Projected UnitAALFundedCoveredof Covered <br />ValuationAssetsCredit (UAAL)RatioPayrollPayroll <br />Date(a)(b)(b - a)(a/b)(c)((b -a) /c) <br />12/31/2011$ -$ 2,004,133$ 2,004,1330.00%$ 4,164,88848.12% <br />12/31/2010-1,931,9991,931,9990.00%4,104,15747.07% <br />12/31/2009-1,994,8771,994,8770.00%4,021,93649.60% <br />12/31/2008-1,586,1251,586,1250.00%4,042,49039.24% <br />12/31/2007-1,503,2421,503,2420.00%3,831,18239.24% <br />12/31/2006-1,427,9901,427,9900.00%3,721,93738.37% <br />Schedule of Employer Contributions <br />Annual <br />RequiredPercentage <br />Year EndedContributionof ARC <br />June 30(ARC)Contributed <br />$ 200,37676.79% <br />2012 <br />204,80878.22% <br />2011 <br />163,990112.55% <br />2010 <br />2009149,948122.73% <br />2008148,678117.64% <br />2007148,779106.44% <br />Notes to the Required Schedules: <br />The information presented above was determined as part of the actuarial valuation at the dates indicated. <br />Additional information as of the latest valuation follows: <br />Valuation date 12/31/2010 <br />Actuarial cost method Projected unit credit <br />Amortization method Level percent of pay closed <br />Remaining amortization period 20 years <br />Asset valuation method Market value <br />Actuarial assumptions: <br />Investment rate of return *5.00% <br />Projected salary increases *4.25 - 7.85% <br />Cost of living adjustmentsN/A <br />* Includes inflation at 3% <br />71 <br /> <br />