Unfunded Retiree Healthcare Obligations- a Problem for Public Agencies?*

Recommendations 4

• R1
  The cities of Aliso Viejo, Dana Point, Laguna Hills, Villa Park, and Laguna Woods should measure and disclose their liability in accordance with Governmental Accounting Standards Board Statement No. 45. (F.1.)
• R2
  The 21 agencies that have not contributed into an irrevocable trust fund to finance their retiree health obligations should begin to put aside monies to fund this obligation and reduce their unfunded public liabilities (F.2.) Unfunded Retiree Health Care Obligations-A Problem for Public Agencies?
• R3
  The 26 agencies that are not recognizing the full amount of their Annual Required Contribution as expense in the current period and should comply with the requirement to do so. (F.3.)
• R4
  Х Х Aliso Viejo 1 Anaheim 2 X X X 3 Х Х X Brea X X 4 Buena Park Х Х X X Х Х 5 Costa Mesa X X 6 County of Orange (BOS) X X X X X 7 Cypress Х X X Dana Point 8 Х Х Х X 9 Fountain Valley X X X X 10 Fullerton Х Х X X X X X 11 Garden Grove Х X X 12 Huntington Beach X Х X X X Х 13 Irvine X X X X X X 14 La Habra X X X X 15 La Palma X X Laguna Beach X Х X X X X 16 Laguna Hills Х X 17 Х Laguna Niguel X X X 18 Х X Laguna Woods X X X X X X X X Unfunded Retiree Health Care Obligations-A Problem for Public Agencies? RESPONSE MATRIX