Summary of Results
| 31.12.2019 | 31.12.2018 | |
|---|---|---|
| Going Concern Financial Status | ||
| Market value of assets | $34,778,000 | $32,901,000 |
| Going concern funding target | $26,686,000 | $27,378,000 |
| Funding excess (shortfall) | $8,092,000 | $5,523,000 |
| Funded ratio | 130% | 120% |
| Hypothetical Wind-up Financial Position | ||
|---|---|---|
| Wind-up assets | $39,468,000 | $37,515,000 |
| Wind-up liability | $37,466,000 | $36,875,000 |
| Wind-up excess (shortfall) | $2,002,000 | $640,000 |
| Wind-up ratio | 105% | 102% |
| Funding Requirements in the Year Following the Valuation 1 | ||
|---|---|---|
| Total current service cost | $0 | $0 |
| Expense allowance | $100,000 | $100,000 |
| Total | $100,000 | $100,000 |
1 Provided for reference purposes only. Contributions must be remitted to the Plan in accordance with the Minimum Funding Requirements and Maximum Eligible Contributions sections of this report.