Show Notes 12 Statements inancial to Deferred revenue 30 Deferred June 1984 at revenue and 122215 in special assessment 13 Retirement All (con’t) consists receivables of 89401 in property taxes plans full-time employees of the City in participate state-wide retirement pension plans the administered by Utah State Retirement Board Police by covered the Utah are Public Safety Retirement System firemen are by covered the Utah ireman's Retirement and System all other full-time employees covered' by the are Utah State Retirement System The contribution to fund rates are designed current pension costs they as past accrue and to service costs recover over a period based on state-wide The calculations Utah State actuarial Board Retirement does not the of segregate assets and vested benefits the plans by unit within the plan it is Therefore to not possible the of determine portion the vested benefits of assets and unfunded liabilities the or plans that are the It is applicable to City expected that City contributions expensed as a of payroll percentage will not increase significantly Actuarial valuation all retirement by on required systems are every two Utah years State law the however Utah State Retirement Office performs the valuation The City's annually to the contributions plans for the year ended 30 June 1984 follows: are as : 40-year Utah Utah Utah State (all) Retirement System iremen's Retirement System Public Safety Retirement System 520010 67249 120277 I 707536 14 Commitments The Power the Utah und is Act Co-operation near contingent a member liabilities of Associated Municipal established entities legal The and IPA was Delta of the established Utah for the state to the Intermountain Power under of Power (UAMPS) Systems the guidelines Agency Both of the (IPA) are and of separate Interlocal Utah construct of benefit and its a operate members entitled power Under production the terms plant of a be with IPA the Power und will to of contract purchase the plant's Under a output separate agreement certain unused power of the und's be Power entitlement sold to other portions power can In the is entities unlikely project terminated event the prior to und would the incur significant obligation to fund Power a of their unrecovered costs portion project 3-13Z production (Continued) 31 |