Page 125 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

Exhibit 12

Fiscal Year
2013 2012 2011 2010 2009
Actuarially determined contribution $ 5,093,595 $ 4,324,629 $ 5,324,788 $ 4,832,238 $ 4,299,153
Contributions in relation to the
actuarially determined contribution 5,093,595 4,324,629 5,324,788 4,832,238 4,299,153
Contribution de ciency (excess) $ - $ - $ - $ - $ -

Covered payroll $ 25,113,890 $ 25,654,625 $ 25,396,559 $ 26,025,204 $ 24,610,353
Contributions as a percentage of
covered payroll 20.3% 16.9% 21.0% 18.6% 17.5%

W I N S T O N S AL E M , N O R T H C AR O L I N A 119