GASB 68 Accounting Disclosures Briefing for the ... 081815 Item 1 GASB 68 IPO… · What’s the difference between GASB Statements 67 and 68? GASB 67. Accounting disclosures for
30
GASB 68 Accounting Disclosures Briefing for the Investments and Pensions Oversight Committee Senator George Munoz, Chair Representative Monica Youngblood, Vice-Chair August 18, 2015 Jan Goodwin, Executive Director Rick Scroggins, Deputy Director NM Educational Retirement Board Mary Lou Cameron, Chair H. Russell Goff, Vice Chair 1
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Jan Goodwin Executive DirectorRick Scroggins Deputy Director
Whatrsquos the difference between GASB Statements 67 and 68
GASB 67Accounting disclosures for pension plansERB was one of the first pension plans in the US to adopt
GASB 68Accounting disclosures for employers participating in pension plans
Both GASB statements separate accounting disclosures and presentation and the funding considerations for pensions
2
Bottom Line How Will GASB 68 Affect Issuers
Probably not muchbull Balance sheet and income statement will look different
but cash flows (one of the most important considerations for credit rating agencies) will be unchanged
bull A negative balance in net position is not necessarily a sign of financial distress
bull According to Rating Agency Standard amp PoorsldquoWhile there will be a range of new information reported under the GASB 6768 and year-over-year comparisons may be challenging we donrsquot expect significant credit differentiation based solely on the new reportingrdquo March 24 2015
3
What Does GASB 68 Do
Separates accounting and funding for pensionsProvides new informationbull Comprehensive reporting of a governmentrsquos net pension
liabilities and expensesbull Each employer will include its share of the actuarial
present value of retirement benefits in its financialsbull Reflect pension liability where employment exchange
takes placebull Provide 10-year trend information- net pension liability and
hitting contribution targets
4
What Does GASB 68 Do Continued
New information to be reportedbull Description of the plan and benefits providedbull Significant assumptions used in the measurement of the
net pension liabilitybull Amounts of the net pension liability and deferred inflows
and outflows of resources related to pensionsbull Analysis of the net pension liabilityrsquos sensitivity to changes
in the discount ratebull Descriptions of changes in the assumptions used in
measuring the net pension liability
5
What does GASB 68 not do
bull Create a new liabilityPrior to GASB 68 liability was only shown at the pension
fund level bull Change what employers have to contribute to the pension
planEmployers will continue to pay rates contributions set by
statute
6
Why Does GASB Mandate this Change
GASBrsquos goals are to havebull Increased transparency however not all of the
information is helpfulbull Improve comparability among pension plan employers
7
Glossary
Current GASB 6768 ResultActuarial Accrued Liability (AAL)Present value of earned retirement benefits
Total Pension Liability (TPL)
Present value of earned retirement benefits
No change for ERB
Actuarial Value of Assets (AVA)ldquoSmoothedrdquo value of pension plan assets
Fiduciary Net Position(FNP)Fair market value of pension plan assets minus liabilities
All amounts and ratios thatuse FMV of investments will be more volatile
Unfunded Actuarial Accrued Liability (UAAL)AAL minus AVA
Net Pension Liability (NPL)TPL minus FNP
For ERB NPLltUAAL as of June 30 2014
8
Glossary continued
Current GASB 6768 Result
Funded Ratio AVAAAL Funded Ratio FNPTPLFor ERB results in a higher funded ratioWill be more volatile
Annual Required Contribution (ARC)Contribution necessary to amortize UAAL in 30 years
No longer applicableERB will track Funding Policy Contribution in actuarial valuation report
Discount Rate Use long-term earnings assumption to calculate AAL
Discount Rate Use long-term earnings assumption to calculate TPL if enough assets If not blended rate
No change for ERB
Contribution expense Total of employer contributions accrued in fiscal year
Pension expense Change in NPL from one year to the next
Will be more volatile
In summary these changes will result in a need for two different sets of books one for funding and budgeting and one for accounting
9
Current and GASB 68 Reporting
Current GASB 68ERB FS School FS ERB FS School FS
UAAL Footnote disclosure
NoneMentions participation in ERB
Footnote disclosure including sensitivity of discount rate
Proportionate share of NPL on Balance Sheet
Contribution Expense
Included in Statement of Changes in Plan Net Assets
Amount of employer contributions accrued
Included in Statement of Changes in Fiduciary Net Position
Difference between current and prior year NPL plus adjustments
10
11
GASB 68 Meanshellip New disclosures for employers
Now required to recognize and reporthellipbull proportionate share of the Planrsquos collective Net Pension Liabilitybull proportionate share of the Planrsquos pension expensebull Proportionate share of the Planrsquos deferred inflows and outflowsThese will be reported with a one-year lag
Now required to addhellipbull More disclosure notes discount rate measurement assumptions
deferred flowsbull Required Supplementary Information Schedules of net pension
liability over 10 years contributions and related ratios
12
What are ERBrsquos Options
Implementation Level Benefits Issues to Resolve1 Bargain Basement
Implement only GASB 67bull Low cost to ERB bull Employers uninformed
unstaffed for reportingbull Public image problems
2 Middle of the RoadProvide proportionate share schedules for Net Pension Liability pension expense amp deferred inflows outflows
bull NMERB meets employers halfway
bull NMERB minimizes audit responsibility
bull Member data is supplied by members
bull Who audits the allocation schedule
bull Employers still face new reporting challenges
3 Full Service PlanPrepare and disclose all calculations and disclosuresfor employers
bull Reduce employer work
bull Plan takes on more work
13
How to maximize ERBrsquos service today
bull Increase Communicationbull Leverage existing ERB website and employer portal
bull Email blasts to Employer accounting personnel bull Fact Sheet Handouts sample reporting examples newslettersbull Compliance Auditor (desk amp field audits)bull Meet with Employers in regional meetings across New Mexicobull Meet with State Auditor Public Education Department Higher
Education Departmentbull Share Real Information
bull Provide audited GASB 68 report and Required Supplementary Information to all employersbull Employer contribution reconciliationsbull Allocation schedules (Net Pension Liability Contributions
How ERB Will Help Employers with GASB 68 Disclosures
In FY15 ERB will provide all employers this audited informationbull Each employerrsquos share of the Net Pension Liability and change from
prior period (Pension Expense)bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries prior period adjustment for
NPL and language for financial statement disclosures may require customization
In FY16 and future years ERB will provide all employers this audited information
bull Each employerrsquos share of the change in Net Pension Liability (Pension Expense)
bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries and language for financial
statement disclosures may require customization
15
16
ERBrsquos Implementation Plan
bull Produce annual audited schedules engaging ERBrsquos actuary and auditor to provide an opinion onbull Employer Allocationsbull Collective Pension Amounts and Required Supplementary
Informationbull Schedules include detail information for employers financials
bull ERB will comply with AICPA best practices that will allow the employerrsquos auditor to rely on ERBrsquos auditorrsquos opinion on proportionate shares
bull Employers have responsibility to report accurate census data to ERBbull Employers assume responsibility for presentation of the information
used in their own financial statements
17
New Mexico Educational Retirement BoardSchedule of Collective Pension AmountsAs of and for the year ended June 30 2014
Net Pension Liability (775 Discount) 5705730813$ Net Pension Liability -- 100 Decrease (675 Discount) 7763304829$ Net Pension Liability -- 100 Increase (875 Discount) 3987098791$
Deferred Outflows of ResourcesDifferences Between Expected and Actual Experience 0$ Net Difference Between Projected and Actual Investment Earnings on Plan 0Changes in Assumptions 0Total Deferred Outflows of Resources Excluding Employer-Specific Amounts 0$
Deferred Inflows of ResourcesDifferences Between Expected and Actual Experience 84995487$ Net Difference Between Projected and Actual Investment Earnings on Plan Investments 518677364Changes inf Assumptions 0Total Deferred Inflows of Resources Excluding Employer-Specific Amounts 603672851$
Pension Plan Expense 395014052$
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
ERBrsquos GASB 68 Collective Amounts
68_Collective Info
68_Shares
18
19
20
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Notes to Financial StatementsSummary of Significant Accounting Policies Basis of Accounting For purposes of
measuring the net pension liability deferred outflows of resources and deferred inflows of resources related to pensions and pension expense information about the fiduciary net position of the ERB and additions todeductions from ERBrsquos fiduciary net position have been determined on the same basis as they are reported by ERB Plan For this purpose benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms Investments are reported at fair value
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense At June 30 2015 the University of ABC (UABC) reported a liability of $14910 for its proportionate share of the net pension liability The net pension liability was measured as of June 30 2015 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as June 30 2014 UABCrsquos proportion of the net pension liability was based on UABCrsquos contributions to ERB for the year ending June 30 2015 relative to the total contribution for all employers participating in ERB a projection of the long-term share of contributions to the pension plan relative to projected contributions of all participating school districts actuarially determined At June 30 2015 UABCrsquos proportion was XX percent which was an increase of XX percent from its proportion measured as of June 30 2014
Sample Employer GASB 68 Disclosures
21
Sample Employer GASB 68 Disclosureshellipcont
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense (Cont)For the year ended June 30 2015 UABC recognized pension expense of $2394 At June 30 2015 reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources
Payable to the Pension Plan At June 30 2015 UABC reported a payable of $5432 for the outstanding contributions to the pension plan required for the year ended June 30 2015
Deferred Outflowsof Resources
Deferred Inflowsof Resources
Differences between expected and actual experience $ 2657 $ 142
Changes of assumptions 1714 130
Net difference between projected and actual earnings on pension plan investments
- 2194
Changes in proportion and differences between UABC contributions and proportionate share of contributions
753 156
UABC contributions subsequent to the measurement date 1065 -
Total $ 6189 $ 2622
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Questions
22
Appendix A page 1ERB Actuarials at a Glance
23
Fiscal Year 63012 63013 63014 63014GASB 67
UAAL $62B $65B $63B $57B
Funded Ratio 607 601 631 669
Funding Period Infinite 951 years 421 years Not applicable
Funding Policy
Contribution1759 1747 1632 Not applicable
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
New Mexico Educational Retirement Board
Deferred Outflows
Deferred Inflows
Schedule of Employer-Specific Pension Amounts
of Resources
of Resources
Pension Expense
Subsequent Recognition of Deferred Amounts
As of and for the year ended June 30 2014
Net Amortization
of Deferred
Amounts from
Changes in
Changes in
Changes in
Proportion
Proportion
Proportion
and Differences
and Differences
and Differences
Between
Between
Between
Employer
Employer
Employer
Contributions
Contributions
Contributions
and Proportionate
and Proportionate
and Proportionate
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Net Pension Liability
Share of
Share of
Share of
Ending
Ending
Ending
Ending
Ending
ER Code
Employer Name
Contribution
Employer Allocation Percentage
(775 Discount)
Contributions
Contributions
Contributions
2015
2016
2017
2018
2019
Thereafter
01001
POJOAQUE VALLEY SCHOOLS
130138115
03590388
20485787
- 0
- 0
- 0
(571524)
(571524)
(558809)
(465563)
- 0
- 0
01002
SANTA FE PUBLIC SCHOOLS
903846552
24936275
142279673
- 0
- 0
- 0
(3969398)
(3969398)
(3881086)
(3233470)
- 0
- 0
01003
SANTA FE COMMUNITY COLLEGE
285623563
07880085
44961644
- 0
- 0
- 0
(1254365)
(1254365)
(1226458)
(1021805)
- 0
- 0
01094
NEW MEXICO SCHOOL FOR THE DEAF
55303678
01525776
8705667
- 0
- 0
- 0
(242876)
(242876)
(237472)
(197846)
- 0
- 0
01301
THE ACADEMY FOR TECHNOLOGY amp THE CLASSICS
22265370
00614281
3504922
- 0
- 0
- 0
(97782)
(97782)
(95607)
(79653)
- 0
- 0
01306
MONTE DEL SOL CHARTER SCHOOL
27346513
00754465
4304774
- 0
- 0
- 0
(120097)
(120097)
(117425)
(97831)
- 0
- 0
01315
TURQUOISE TRAIL CHARTER SCHOOL
29690099
00819122
4673690
- 0
- 0
- 0
(130389)
(130389)
(127488)
(106215)
- 0
- 0
01341
STATE OF NEW MEXICO
121504115
03352184
19126660
- 0
- 0
- 0
(533606)
(533606)
(521735)
(434675)
- 0
- 0
01343
TIERRA ENCANTADA CHARTER SCHOOL
18916878
00521899
2977815
- 0
- 0
- 0
(83077)
(83077)
(81228)
(67674)
- 0
- 0
01398
THE MASTERS PROGRAM
11557405
00318858
1819318
- 0
- 0
- 0
(50756)
(50756)
(49627)
(41346)
- 0
- 0
01416
NEW MEXICO SCHOOL FOR THE ARTS
14899946
00411075
2345483
- 0
- 0
- 0
(65436)
(65436)
(63980)
(53304)
- 0
- 0
01418
New Mexico Connections Academy
10201256
00281443
1605838
- 0
- 0
- 0
(44801)
(44801)
(43804)
(36495)
- 0
- 0
02003
ALBUQUERQUE PUBLIC SCHOOLS
6164408173
170070218
970374883
- 0
- 0
- 0
(27072060)
(27072060)
(26469760)
(22052893)
- 0
- 0
02095
UNIVERSITY OF NEW MEXICO
5918270140
163279499
931628869
- 0
- 0
- 0
(25991102)
(25991102)
(25412851)
(21172345)
- 0
- 0
02123
CENTRAL NEW MEXICO COMMUNITY COLLEGE
965367901
26633591
151964101
- 0
- 0
- 0
(4239579)
(4239579)
(4145257)
(3453560)
- 0
- 0
02148
NEW MEXICO ACTIVITIES ASSOCIATION
13674332
00377262
2152555
- 0
- 0
- 0
(60053)
(60053)
(58717)
(48919)
- 0
- 0
02150
CENTRAL REGIONAL EDUCATION COOP
32918525
00908191
5181893
- 0
- 0
- 0
(144567)
(144567)
(141351)
(117765)
- 0
- 0
02295
UNIVERSITY HOSPITALS
38915116
01073631
6125849
- 0
- 0
- 0
(170902)
(170902)
(167100)
(139217)
- 0
- 0
02303
AMY BIEHL HIGH SCHOOL
24086383
00664521
3791578
- 0
- 0
- 0
(105780)
(105780)
(103426)
(86168)
- 0
- 0
02304
EAST MOUNTAIN HIGH SCHOOL
24508244
00676159
3857981
- 0
- 0
- 0
(107632)
(107632)
(105238)
(87677)
- 0
- 0
02308
TWENTY-FIRST CENTURY PUBLIC ACADEMY
10638203
00293498
1674621
- 0
- 0
- 0
(46720)
(46720)
(45680)
(38058)
- 0
- 0
02309
SOUTH VALLEY ACADEMY
27055891
00746447
4259026
- 0
- 0
- 0
(118821)
(118821)
(116177)
(96791)
- 0
- 0
02310
SOUTHWEST SECONDARY LEARNING CENTER
12754266
00351878
2007721
- 0
- 0
- 0
(56013)
(56013)
(54766)
(45628)
- 0
- 0
02311
NUESTROS VALORES CHARTER SCHOOL
8467810
00233619
1332967
- 0
- 0
- 0
(37188)
(37188)
(36361)
(30293)
- 0
- 0
02313
ROOTS AND WINGS COMMUNITY SCHOOL
3195446
00088159
503012
- 0
- 0
- 0
(14033)
(14033)
(13721)
(11432)
- 0
- 0
02314
THE LEARNING COMMUNITY CHARTER
12127601
00334589
1909075
- 0
- 0
- 0
(53260)
(53260)
(52075)
(43386)
- 0
- 0
02318
ROBERT F KENNEDY CHARTER SCHOOL
19636783
00541760
3091137
- 0
- 0
- 0
(86238)
(86238)
(84320)
(70250)
- 0
- 0
02320
PUBLIC ACADEMY FOR PERFORMING ARTS
22952684
00633243
3613114
- 0
- 0
- 0
(100801)
(100801)
(98558)
(82112)
- 0
- 0
02322
LOS PUENTES CHARTER SCHOOL
15963339
00440413
2512878
- 0
- 0
- 0
(70106)
(70106)
(68546)
(57108)
- 0
- 0
02323
EL CAMINO REAL ACADEMY
25600416
00706291
4029906
- 0
- 0
- 0
(112429)
(112429)
(109927)
(91584)
- 0
- 0
02327
HORIZON ACADEMY WEST
22209646
00612743
3496147
- 0
- 0
- 0
(97537)
(97537)
(95367)
(79454)
- 0
- 0
02328
NORTH VALLEY ACADEMY
21177733
00584274
3333710
- 0
- 0
- 0
(93006)
(93006)
(90937)
(75762)
- 0
- 0
02329
LA ACADEMIA DE ESPERANZA
32216102
00888812
5071322
- 0
- 0
- 0
(141483)
(141483)
(138335)
(115252)
- 0
- 0
02331
LA ACADEMIA DE LENGUA Y CULTURA
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02334
MONTESSORI OF THE RIO GRANDE CHARTER SCHOOL
13170269
00363355
2073206
- 0
- 0
- 0
(57839)
(57839)
(56553)
(47116)
- 0
- 0
02336
CESAR CHAVEZ COMMUNITY SCHOOL
13344118
00368152
2100576
- 0
- 0
- 0
(58603)
(58603)
(57299)
(47738)
- 0
- 0
02338
CREATIVE EDUCATION PREPARATORY INSTITUTE 1
13923018
00384123
2191702
- 0
- 0
- 0
(61145)
(61145)
(59785)
(49809)
- 0
- 0
02339
GILBERT L SENA CHARTER HIGH SCHOOL
13971841
00385470
2199388
- 0
- 0
- 0
(61360)
(61360)
(59995)
(49984)
- 0
- 0
02340
SCHOOL FOR INTEGRATED ACADEMICS amp TECHNOLOGIES
17385947
00479662
2736822
- 0
- 0
- 0
(76353)
(76353)
(74655)
(62197)
- 0
- 0
02341
ALB INSTITUTE FOR MATH AND SCIENCE UNM
17455816
00481590
2747823
- 0
- 0
- 0
(76660)
(76660)
(74955)
(62447)
- 0
- 0
02342
MOUNTAIN MAHOGONY COMMUNITY
11336352
00312759
1784519
- 0
- 0
- 0
(49785)
(49785)
(48678)
(40555)
- 0
- 0
02343
LA PROMESA EARLY LEARNING
22284215
00614801
3507889
- 0
- 0
- 0
(97865)
(97865)
(95688)
(79721)
- 0
- 0
02344
ACADEMY OF TRADES AND TECHNOLOGY (YOUTH BUILD CO)
9306534
00256759
1464998
- 0
- 0
- 0
(40871)
(40871)
(39962)
(33294)
- 0
- 0
02345
SOUTHWEST INTERMEDIATE LEARNING CTR (LA LUZ DEL M)
6003345
00165627
945023
- 0
- 0
- 0
(26365)
(26365)
(25778)
(21477)
- 0
- 0
02346
SOUTHWEST PRIMARY LEARNING CENTER
6508031
00179550
1024464
- 0
- 0
- 0
(28581)
(28581)
(27945)
(23282)
- 0
- 0
02350
DIGITAL ARTS AND TECHNOLOGY ACADEMY
18276643
00504235
2877029
- 0
- 0
- 0
(80265)
(80265)
(78479)
(65384)
- 0
- 0
02351
THE MONTESSORI ELEMENTARY SCHOOL
15956095
00440214
2511743
- 0
- 0
- 0
(70074)
(70074)
(68515)
(57082)
- 0
- 0
02353
CHRISTINE DUNCANS HERITAGE ACADEMY
11567894
00319147
1820967
- 0
- 0
- 0
(50802)
(50802)
(49672)
(41384)
- 0
- 0
02354
NATIVE AMERICAN COMMUNITY ACADEMY
24618203
00679193
3875292
- 0
- 0
- 0
(108115)
(108115)
(105710)
(88071)
- 0
- 0
02355
RALPH J BUNCHE ACADEMY
5170362
00142645
813894
- 0
- 0
- 0
(22706)
(22706)
(22201)
(18497)
- 0
- 0
02356
ALICE KING COMMUNITY SCHOOL(N ALB COOP C C)
15945481
00439921
2510071
- 0
- 0
- 0
(70027)
(70027)
(68469)
(57044)
- 0
- 0
02357
LA RESOLANA LEADERSHIP ACADEMY
5266902
00145309
829094
- 0
- 0
- 0
(23131)
(23131)
(22616)
(18842)
- 0
- 0
02358
VILLAGE ACADEMY CHARTER SCHOOL
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02360
BATAAN MILITARY ACADEMY
9938807
00274202
1564523
- 0
- 0
- 0
(43648)
(43648)
(42677)
(35556)
- 0
- 0
02361
ALBUQUERQUE TALENT DEVELOPMENT SECONDARY CHARTER
11434102
00315456
1799907
- 0
- 0
- 0
(50215)
(50215)
(49098)
(40905)
- 0
- 0
02362
GORDON BERNELL CHARTER SCHOOL
32236740
00889381
5074569
- 0
- 0
- 0
(141573)
(141573)
(138423)
(115325)
- 0
- 0
02363
CORRALES INTERNATIONAL SCHOOL
17491523
00482575
2753443
- 0
- 0
- 0
(76817)
(76817)
(75108)
(62575)
- 0
- 0
02364
COTTONWOOD CLASSICAL PREP SCHOOL
27174715
00749725
4277729
- 0
- 0
- 0
(119342)
(119342)
(116687)
(97216)
- 0
- 0
02365
MEDIA ARTS COLLABORATIVE CHARTER SCHOOL
12988950
00358353
2044666
- 0
- 0
- 0
(57043)
(57043)
(55774)
(46467)
- 0
- 0
02366
THE NEW AMERICA SCHOOL
15162026
00418306
2386741
- 0
- 0
- 0
(66587)
(66587)
(65105)
(54241)
- 0
- 0
02367
CIEN AGUAS INTERNATIONAL SCHOOL
16645455
00459232
2620254
- 0
- 0
- 0
(73101)
(73101)
(71475)
(59548)
- 0
- 0
02368
THE INTERNATIONAL SCH AT MESA DEL SOL
15953529
00440143
2511337
- 0
- 0
- 0
(70063)
(70063)
(68504)
(57073)
- 0
- 0
02370
TIERRA ADENTRO OF NEW MEXICO
14574532
00402098
2294263
- 0
- 0
- 0
(64007)
(64007)
(62583)
(52140)
- 0
- 0
02390
ACE LEADERSHIP HIGH SCHOOL
21477933
00592556
3380965
- 0
- 0
- 0
(94324)
(94324)
(92226)
(76836)
- 0
- 0
02396
SOUTH VALLEY PREPARATORY SCHOOL
9352262
00258020
1472193
- 0
- 0
- 0
(41072)
(41072)
(40158)
(33457)
- 0
- 0
02402
ALBUQUERQUE SIGN LANGUAGE ACADEMY
12136863
00334845
1910535
- 0
- 0
- 0
(53301)
(53301)
(52115)
(43419)
- 0
- 0
02412
ALBUQUERQUE SCHOOL OF EXCELLENCE
12941978
00357057
2037271
- 0
- 0
- 0
(56837)
(56837)
(55572)
(46299)
- 0
- 0
02413
THE GREAT ACADEMY
9104631
00251188
1433211
- 0
- 0
- 0
(39985)
(39985)
(39095)
(32571)
- 0
- 0
02414
THE NEW MEXICO INTERNATIONAL SCHOOL
9093315
00250876
1431431
- 0
- 0
- 0
(39935)
(39935)
(39046)
(32531)
- 0
- 0
02417
WILLIAM W amp JOSEPHINE DORN CHARTER COMMUNITY SCHOO
2499702
00068964
393490
- 0
- 0
- 0
(10978)
(10978)
(10734)
(8943)
- 0
- 0
02418
SAGE MONTESSORI CHARTER SCHOOL
7486288
00206540
1178462
- 0
- 0
- 0
(32877)
(32877)
(32146)
(26782)
- 0
- 0
02420
SOUTHWEST AERONAUTICS MATH amp SCIENCE ACADEMY
9312685
00256928
1465962
- 0
- 0
- 0
(40898)
(40898)
(39988)
(33316)
- 0
- 0
02421
CORAL COMMUNITY CHARTER SCHOOL
5518744
00152257
868737
- 0
- 0
- 0
(24237)
(24237)
(23697)
(19743)
- 0
- 0
02425
MISSION ACHIEVEMENT AND SUCCESS CHARTER SCHOOL
15952839
00440124
2511229
- 0
- 0
- 0
(70060)
(70060)
(68501)
(57071)
- 0
- 0
02430
Health Leadership Community School
9697716
00267551
1526574
- 0
- 0
- 0
(42589)
(42589)
(41642)
(34693)
- 0
- 0
03004
ARTESIA PUBLIC SCHOOLS
249203786
06875298
39228600
- 0
- 0
- 0
(1094421)
(1094421)
(1070073)
(891515)
- 0
- 0
03005
CARLSBAD MUNICIPAL SCHOOLS
457710863
12627812
72050896
- 0
- 0
- 0
(2010116)
(2010116)
(1965395)
(1637440)
- 0
- 0
03006
LOVING MUNICIPAL SCHOOLS
45366532
01251620
7141407
- 0
- 0
- 0
(199235)
(199235)
(194802)
(162297)
- 0
- 0
03321
JEFFERSON MONTESSORI ACADEMY
14230129
00392596
2240047
- 0
- 0
- 0
(62494)
(62494)
(61104)
(50908)
- 0
- 0
04008
DEXTER CONSOLIDATED SCHOOLS
74126962
02045093
11668750
- 0
- 0
- 0
(325541)
(325541)
(318299)
(265186)
- 0
- 0
04009
HAGERMAN MUNICIPAL SCHOOLS
35432505
00977549
5577631
- 0
- 0
- 0
(155608)
(155608)
(152146)
(126758)
- 0
- 0
04010
LAKE ARTHUR MUNICIPAL SCHOOLS
13637822
00376255
2146810
- 0
- 0
- 0
(59893)
(59893)
(58560)
(48789)
- 0
- 0
04011
ROSWELL INDEPENDENT SCHOOLS
615946152
16993374
96959618
- 0
- 0
- 0
(2705034)
(2705034)
(2644852)
(2203520)
- 0
- 0
04097
NEW MEXICO MILITARY INSTITUTE
168542271
04649923
26531209
- 0
- 0
- 0
(740182)
(740182)
(723715)
(602952)
- 0
- 0
04317
SIDNEY GUTIERREZ MIDDLE SCHOOL
4080477
00112577
642334
- 0
- 0
- 0
(17920)
(17920)
(17522)
(14598)
- 0
- 0
05011
CLOVIS COMMUNITY COLLEGE
91114505
02513763
14342855
- 0
- 0
- 0
(400145)
(400145)
(391243)
(325958)
- 0
- 0
05012
CLOVIS MUNICIPAL SCHOOLS
529906737
14619628
83415662
- 0
- 0
- 0
(2327177)
(2327177)
(2275402)
(1895717)
- 0
- 0
05013
GRADY MUNICIPAL SCHOOLS
13422095
00370303
2112849
- 0
- 0
- 0
(58945)
(58945)
(57634)
(48017)
- 0
- 0
05014
MELROSE SCHOOLS
20092869
00554343
3162932
- 0
- 0
- 0
(88241)
(88241)
(86278)
(71881)
- 0
- 0
05015
TEXICO MUNICIPAL SCHOOLS
46844881
01292406
7374121
- 0
- 0
- 0
(205727)
(205727)
(201150)
(167585)
- 0
- 0
05016
REGIONAL EDUCATIONAL CENTER 6
8833229
00243700
1390487
- 0
- 0
- 0
(38793)
(38793)
(37930)
(31600)
- 0
- 0
06016
EUNICE PUBLIC SCHOOLS
47356967
01306534
7454731
- 0
- 0
- 0
(207976)
(207976)
(203349)
(169417)
- 0
- 0
06017
HOBBS MUNICIPAL SCHOOLS
528484026
14580377
83191706
- 0
- 0
- 0
(2320929)
(2320929)
(2269293)
(1890628)
- 0
- 0
06018
JAL PUBLIC SCHOOLS
34332805
00947210
5404525
- 0
- 0
- 0
(150778)
(150778)
(147424)
(122824)
- 0
- 0
06019
LOVINGTON MUNICIPAL SCHOOLS
228661774
06308563
35994962
- 0
- 0
- 0
(1004208)
(1004208)
(981866)
(818027)
- 0
- 0
06020
TATUM MUNICIPAL SCHOOLS
32371140
00893089
5095725
- 0
- 0
- 0
(142163)
(142163)
(139001)
(115806)
- 0
- 0
06124
NEW MEXICO JUNIOR COLLEGE
143512547
03959376
22591134
- 0
- 0
- 0
(630260)
(630260)
(616238)
(513410)
- 0
- 0
06150
REGIONAL EDUCATIONAL COOP 7
2672852
00073741
420746
- 0
- 0
- 0
(11738)
(11738)
(11477)
(9562)
- 0
- 0
07021
GADSDEN INDEPENDENT SCHOOLS
954445594
26332255
150244759
- 0
- 0
- 0
(4191612)
(4191612)
(4098357)
(3414486)
- 0
- 0
07022
HATCH VALLEY PUBLIC SCHOOLS
101411144
02797838
15963710
- 0
- 0
- 0
(445365)
(445365)
(435456)
(362794)
- 0
- 0
07023
LAS CRUCES PUBLIC SCHOOLS
1700239556
46908008
267644467
- 0
- 0
- 0
(7466895)
(7466895)
(7300771)
(6082530)
- 0
- 0
07098
NEW MEXICO STATE UNIVERSITY
2740590573
75610313
431412093
- 0
- 0
- 0
(12035775)
(12035775)
(11768003)
(9804339)
- 0
- 0
07335
ALMA DARTE CHARTER HIGH SCHOOL
14804322
00408437
2330432
- 0
- 0
- 0
(65016)
(65016)
(63569)
(52962)
- 0
- 0
07337
LA ACADEMIA DOLORES HUERTA
9581137
00264335
1508224
- 0
- 0
- 0
(42077)
(42077)
(41141)
(34276)
- 0
- 0
07338
LAS MONTANAS CHARTER HIGH SCHOOL
14737236
00406586
2319870
- 0
- 0
- 0
(64721)
(64721)
(63281)
(52722)
- 0
- 0
07339
ANTHONY CHARTER SCHOOL
5217470
00143945
821311
- 0
- 0
- 0
(22913)
(22913)
(22404)
(18665)
- 0
- 0
07420
J PAUL TAYLOR ACADEMY
10921121
00301303
1719154
- 0
- 0
- 0
(47962)
(47962)
(46895)
(39070)
- 0
- 0
07421
NEW AMERICA SCHOOL-LAS CRUCES
12850101
00354522
2022807
- 0
- 0
- 0
(56433)
(56433)
(55178)
(45971)
- 0
- 0
08024
COBRE CONSOLIDATED SCHOOLS
107900060
02976861
16985168
- 0
- 0
- 0
(473862)
(473862)
(463319)
(386008)
- 0
- 0
08026
SILVER CONSOLIDATED SCHOOLS
223923812
06177847
35249132
- 0
- 0
- 0
(983400)
(983400)
(961521)
(801077)
- 0
- 0
08099
WESTERN NEW MEXICO UNIVERSITY
228493287
06303915
35968442
- 0
- 0
- 0
(1003468)
(1003468)
(981142)
(817424)
- 0
- 0
08347
ALDO LEOPOLD HIGH SCHOOL
11975600
00330396
1885151
- 0
- 0
- 0
(52593)
(52593)
(51423)
(42842)
- 0
- 0
09027
CIMARRON MUNICIPAL SCHOOLS
33888261
00934945
5334544
- 0
- 0
- 0
(148826)
(148826)
(145515)
(121234)
- 0
- 0
09028
MAXWELL MUNICIPAL SCHOOLS
15196104
00419246
2392105
- 0
- 0
- 0
(66736)
(66736)
(65252)
(54363)
- 0
- 0
09029
RATON PUBLIC SCHOOLS
80720720
02227009
12706714
- 0
- 0
- 0
(354499)
(354499)
(346612)
(288775)
- 0
- 0
09030
SPRINGER MUNICIPAL SCHOOLS
19298679
00532432
3037914
- 0
- 0
- 0
(84753)
(84753)
(82868)
(69040)
- 0
- 0
09150
HIGH PLAINS REGIONAL EDUCATIONAL COOP 3
12699970
00350380
1999174
- 0
- 0
- 0
(55774)
(55774)
(54533)
(45434)
- 0
- 0
09324
MORENO VALLEY HIGH SCHOOL
7446232
00205435
1172157
- 0
- 0
- 0
(32701)
(32701)
(31974)
(26639)
- 0
- 0
10032
SAN JON SCHOOLS
14631539
00403670
2303232
- 0
- 0
- 0
(64257)
(64257)
(62827)
(52344)
- 0
- 0
10033
TUCUMCARI PUBLIC SCHOOLS
74492978
02055191
11726367
- 0
- 0
- 0
(327149)
(327149)
(319870)
(266495)
- 0
- 0
10119
HOUSE MUNICIPAL SCHOOLS
14003541
00386345
2204381
- 0
- 0
- 0
(61499)
(61499)
(60131)
(50097)
- 0
- 0
10120
LOGAN MUNICIPAL SCHOOLS
25199979
00695244
3966875
- 0
- 0
- 0
(110670)
(110670)
(108208)
(90152)
- 0
- 0
10141
MESALANDS COMMUNITY COLLEGE
35425739
00977363
5576570
- 0
- 0
- 0
(155578)
(155578)
(152117)
(126734)
- 0
- 0
11034
ELIDA MUNICIPAL SCHOOLS
14152846
00390464
2227882
- 0
- 0
- 0
(62155)
(62155)
(60772)
(50631)
- 0
- 0
11035
PORTALES MUNICIPAL SCHOOLS
202486725
05586418
31874597
- 0
- 0
- 0
(889255)
(889255)
(869471)
(724387)
- 0
- 0
11101
EASTERN NEW MEXICO UNIVERSITY - PORTALES
321726936
08876143
50644883
- 0
- 0
- 0
(1412919)
(1412919)
(1381485)
(1150964)
- 0
- 0
11102
EASTERN NM UNIVERSITY - ROSWELL
132681232
03660550
20886113
- 0
- 0
- 0
(582692)
(582692)
(569729)
(474661)
- 0
- 0
11117
DORA CONSOLIDATED SCHOOLS
23215804
00640502
3654532
- 0
- 0
- 0
(101956)
(101956)
(99688)
(83053)
- 0
- 0
11118
FLOYD MUNICIPAL SCHOOLS
22040516
00608077
3469524
- 0
- 0
- 0
(96795)
(96795)
(94641)
(78849)
- 0
- 0
12037
LAS VEGAS CITY SCHOOLS
125424467
03460343
19743786
- 0
- 0
- 0
(550823)
(550823)
(538568)
(448700)
- 0
- 0
12038
WEST LAS VEGAS SCHOOLS
135571770
03740297
21341128
- 0
- 0
- 0
(595387)
(595387)
(582141)
(485002)
- 0
- 0
12039
PECOS INDEPENDENT SCHOOLS
57989889
01599886
9128519
- 0
- 0
- 0
(254673)
(254673)
(249007)
(207456)
- 0
- 0
12102
NEW MEXICO HIGHLANDS UNIVERSITY
293679047
08102328
46229703
- 0
- 0
- 0
(1289742)
(1289742)
(1261048)
(1050624)
- 0
- 0
12128
LUNA COMMUNITY COLLEGE
77802974
02146511
12247414
- 0
- 0
- 0
(341685)
(341685)
(334083)
(278337)
- 0
- 0
12150
PECOS VALLEY REC 8
6405772
00176729
1008368
- 0
- 0
- 0
(28132)
(28132)
(27506)
(22916)
- 0
- 0
12151
NORTHEAST REGIONAL EDUCATION COOP
7566786
00208760
1191128
- 0
- 0
- 0
(33231)
(33231)
(32491)
(27070)
- 0
- 0
13041
GALLUP MCKINLEY COUNTY SCHOOLS
874308315
24121343
137629890
- 0
- 0
- 0
(3839676)
(3839676)
(3754250)
(3127799)
- 0
- 0
13142
ZUNI PUBLIC SCHOOLS
130100988
03589364
20479945
- 0
- 0
- 0
(571361)
(571361)
(558649)
(465430)
- 0
- 0
13369
MIDDLE COLLEGE HIGH SCHOOL
5022305
00138561
790592
- 0
- 0
- 0
(22056)
(22056)
(21566)
(17967)
- 0
- 0
13430
UPLIFT COMMUNITY SCHOOL
8929543
00246358
1405652
- 0
- 0
- 0
(39216)
(39216)
(38343)
(31945)
- 0
- 0
14043
BELEN CONSOLIDATED SCHOOLS
282020844
07780689
44394517
- 0
- 0
- 0
(1238543)
(1238543)
(1210988)
(1008917)
- 0
- 0
14044
GRANTS-CIBOLA COUNTY SCHOOLS
270364497
07459102
42559628
- 0
- 0
- 0
(1187352)
(1187352)
(1160936)
(967217)
- 0
- 0
14045
LOS LUNAS SCHOOLS
516619864
14253055
81324095
- 0
- 0
- 0
(2268825)
(2268825)
(2218348)
(1848184)
- 0
- 0
14366
SCHOOL OF DREAMS ACADEMY
16804216
00463612
2645245
- 0
- 0
- 0
(73799)
(73799)
(72157)
(60116)
- 0
- 0
15046
ALAMOGORDO PUBLIC SCHOOLS
369877443
10204570
58224529
- 0
- 0
- 0
(1624380)
(1624380)
(1588241)
(1323220)
- 0
- 0
15047
CLOUDCROFT MUNICIPAL SCHOOLS
30771554
00848958
4843926
- 0
- 0
- 0
(135139)
(135139)
(132132)
(110084)
- 0
- 0
15049
TULAROSA MUNICIPAL SCHOOLS
68396924
01887007
10766754
- 0
- 0
- 0
(300377)
(300377)
(293694)
(244687)
- 0
- 0
15104
NEW MEXICO SCHOOL FT BLIND amp VISUALLY IMPAIRED
79976142
02206466
12589501
- 0
- 0
- 0
(351229)
(351229)
(343415)
(286111)
- 0
- 0
16050
AZTEC MUNICIPAL SCHOOLS
187894163
05183823
29577499
- 0
- 0
- 0
(825170)
(825170)
(806811)
(672183)
- 0
- 0
16051
BLOOMFIELD SCHOOLS
209183372
05771172
32928754
- 0
- 0
- 0
(918665)
(918665)
(898226)
(748344)
- 0
- 0
16052
FARMINGTON MUNICIPAL SCHOOLS
709808631
19582952
111735053
- 0
- 0
- 0
(3117247)
(3117247)
(3047894)
(2539308)
- 0
- 0
16053
CENTRAL CONSOLIDATED SCHOOLS
497242938
13718464
78273863
- 0
- 0
- 0
(2183728)
(2183728)
(2135144)
(1778864)
- 0
- 0
16155
SAN JUAN COLLEGE
372723272
10283084
58672509
- 0
- 0
- 0
(1636878)
(1636878)
(1600461)
(1333401)
- 0
- 0
16356
MOSAIC ACADEMY CHARTER
10488019
00289355
1650982
- 0
- 0
- 0
(46060)
(46060)
(45035)
(37520)
- 0
- 0
16357
CARINOS CHARTER SCHOOL
17209176
00474785
2708995
- 0
- 0
- 0
(75577)
(75577)
(73896)
(61565)
- 0
- 0
16358
NEW MEXICO VIRTUAL ACADEMY
8945064
00246786
1408094
- 0
- 0
- 0
(39284)
(39284)
(38410)
(32001)
- 0
- 0
17054
ESPANOLA PUBLIC SCHOOLS
260245590
07179931
40966754
- 0
- 0
- 0
(1142913)
(1142913)
(1117486)
(931017)
- 0
- 0
17105
NORTHERN NEW MEXICO COLLEGE
128311258
03539987
20198213
- 0
- 0
- 0
(563501)
(563501)
(550964)
(459028)
- 0
- 0
17115
DULCE INDEPENDENT SCHOOLS
63542017
01753064
10002511
- 0
- 0
- 0
(279056)
(279056)
(272847)
(227319)
- 0
- 0
17126
CHAMA VALLEY SCHOOLS
41127543
01134670
6474122
- 0
- 0
- 0
(180619)
(180619)
(176600)
(147132)
- 0
- 0
17127
MESA VISTA CONSOLIDATED SCHOOLS
36319862
01002031
5717319
- 0
- 0
- 0
(159505)
(159505)
(155956)
(129933)
- 0
- 0
17334
LINDRITH AREA HERITAGE SCHOOL
1999722
00055170
314785
- 0
- 0
- 0
(8782)
(8782)
(8587)
(7154)
- 0
- 0
17424
MC CURDY CHARTER SCHOOL
26341385
00726734
4146549
- 0
- 0
- 0
(115683)
(115683)
(113109)
(94235)
- 0
- 0
17425
LA TIERRA MONTESSORI SCHOOL
3636882
00100338
572502
- 0
- 0
- 0
(15972)
(15972)
(15617)
(13011)
- 0
- 0
18056
CLAYTON MUNICIPAL SCHOOLS
41375879
01141522
6513217
- 0
- 0
- 0
(181709)
(181709)
(177667)
(148020)
- 0
- 0
18057
DES MOINES MUNICIPAL SCHOOLS
12824909
00353827
2018842
- 0
- 0
- 0
(56323)
(56323)
(55070)
(45881)
- 0
- 0
19059
DEMING PUBLIC SCHOOLS
358423873
09888577
56421558
- 0
- 0
- 0
(1574080)
(1574080)
(1539060)
(1282245)
- 0
- 0
19301
DEMING CESAR CHAVEZ CHARTER HIGH SCHOOL
10654211
00293940
1677143
- 0
- 0
- 0
(46790)
(46790)
(45749)
(38115)
- 0
- 0
20060
PENASCO INDEPENDENT SCHOOLS
43124424
01189762
6788462
- 0
- 0
- 0
(189388)
(189388)
(185175)
(154276)
- 0
- 0
20062
TAOS MUNICIPAL SCHOOLS
185250055
05110875
29161277
- 0
- 0
- 0
(813558)
(813558)
(795458)
(662724)
- 0
- 0
20125
QUESTA INDEPENDENT SCHOOLS
53837543
01485327
8474876
- 0
- 0
- 0
(236437)
(236437)
(231177)
(192601)
- 0
- 0
20265
TAOS ACADEMY CHARTER SCHOOL
11325900
00312471
1782875
- 0
- 0
- 0
(49740)
(49740)
(48633)
(40518)
- 0
- 0
20266
La Jicarita Community School
2194276
00060538
345414
- 0
- 0
- 0
(9637)
(9637)
(9422)
(7850)
- 0
- 0
20307
TAOS CHARTER SCHOOL
10997820
00303419
1731227
- 0
- 0
- 0
(48299)
(48299)
(47224)
(39344)
- 0
- 0
20312
RED RIVER VALLEY CHARTER SCHOOLS
4685520
00129269
737574
- 0
- 0
- 0
(20577)
(20577)
(20119)
(16762)
- 0
- 0
20316
ANANSI CHARTER SCHOOL
8137027
00224493
1280897
- 0
- 0
- 0
(35735)
(35735)
(34940)
(29110)
- 0
- 0
20317
VISTA GRANDE HIGH SCHOOL
6300504
00173825
991799
- 0
- 0
- 0
(27670)
(27670)
(27054)
(22540)
- 0
- 0
20415
TAOS INTEGRATED SCHOOL OF THE ARTS
6209169
00171305
977420
- 0
- 0
- 0
(27269)
(27269)
(26662)
(22213)
- 0
- 0
21063
TRUTH OR CONSEQUENCES MUNICIPAL SCHOOLS
108041191
02980755
17007386
- 0
- 0
- 0
(474482)
(474482)
(463925)
(386513)
- 0
- 0
21150
SOUTHWEST REGIONAL ED COOPERATIVE 10
13050923
00360063
2054423
- 0
- 0
- 0
(57315)
(57315)
(56040)
(46689)
- 0
- 0
22065
ESTANCIA MUNICPAL SCHOOLS
61525804
01697439
9685130
- 0
- 0
- 0
(270201)
(270201)
(264190)
(220106)
- 0
- 0
22066
MORIARTY-EDGEWOOD SCHOOL DISTRICT
195971575
05406671
30849009
- 0
- 0
- 0
(860643)
(860643)
(841495)
(701079)
- 0
- 0
22067
MOUNTAINAIR PUBLIC SCHOOLS
25324156
00698670
3986423
- 0
- 0
- 0
(111215)
(111215)
(108741)
(90596)
- 0
- 0
22201
ESTANCIA VALLEY CLASSICAL ACADEMY
17772159
00490317
2797617
- 0
- 0
- 0
(78049)
(78049)
(76313)
(63579)
- 0
- 0
23070
LORDSBURG MUNICIPAL SCHOOLS
51096743
01409711
8043431
- 0
- 0
- 0
(224400)
(224400)
(219408)
(182796)
- 0
- 0
23121
ANIMAS PUBLIC SCHOOLS
19292757
00532269
3036984
- 0
- 0
- 0
(84727)
(84727)
(82842)
(69019)
- 0
- 0
24072
SANTA ROSA CONSOLIDATED SCHOOLS
56809634
01567324
8942729
- 0
- 0
- 0
(249489)
(249489)
(243939)
(203234)
- 0
- 0
24073
VAUGHN MUNICIPAL SCHOOLS
12288412
00339026
1934391
- 0
- 0
- 0
(53967)
(53967)
(52766)
(43961)
- 0
- 0
25075
MAGDELENA MUNICIPAL SCHOOLS
39388022
01086678
6200292
- 0
- 0
- 0
(172979)
(172979)
(169131)
(140909)
- 0
- 0
25076
SOCORRO CONSOLIDATED SCHOOLS
119743612
03303613
18849526
- 0
- 0
- 0
(525875)
(525875)
(514175)
(428377)
- 0
- 0
25106
NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY
472350274
13031699
74355367
- 0
- 0
- 0
(2074408)
(2074408)
(2028256)
(1689812)
- 0
- 0
25319
COTTONWOOD VALLEY CHARTER SCHOOLS
11134970
00307203
1752818
- 0
- 0
- 0
(48901)
(48901)
(47813)
(39835)
- 0
- 0
26077
CAPITAN MUNICIPAL SCHOOLS
35934847
00991409
5656713
- 0
- 0
- 0
(157814)
(157814)
(154303)
(128555)
- 0
- 0
26078
CARRIZOZO MUNICIPAL SCHOOLS
15641987
00431548
2462297
- 0
- 0
- 0
(68695)
(68695)
(67166)
(55959)
- 0
- 0
26079
CORONA PUBLIC SCHOOLS
13583697
00374761
2138285
- 0
- 0
- 0
(59655)
(59655)
(58328)
(48595)
- 0
- 0
26080
HONDO VALLEY PUBLIC SCHOOLS
16942484
00467427
2667013
- 0
- 0
- 0
(74406)
(74406)
(72750)
(60611)
- 0
- 0
26081
RUIDOSO MUNICIPAL SCHOOL DISTRICT
125672227
03467178
19782784
- 0
- 0
- 0
(551911)
(551911)
(539632)
(449587)
- 0
- 0
26150
REGION IX EDUCATIONAL COOPERATIVE
31729042
00875374
4994648
- 0
- 0
- 0
(139343)
(139343)
(136243)
(113509)
- 0
- 0
27083
FORT SUMNER MUNICIPAL SCHOOLS
30489477
00841176
4799524
- 0
- 0
- 0
(133900)
(133900)
(130921)
(109075)
- 0
- 0
28084
QUEMADO INDEPENDENT SCHOOLS
17595257
00485437
2769773
- 0
- 0
- 0
(77273)
(77273)
(75554)
(62946)
- 0
- 0
28085
RESERVE INDEPENDENT SCHOOLS
18999938
00524190
2990887
- 0
- 0
- 0
(83441)
(83441)
(81585)
(67971)
- 0
- 0
29086
BERNALILLO PUBLIC SCHOOLS
256481726
07076089
40374259
- 0
- 0
- 0
(1126384)
(1126384)
(1101324)
(917552)
- 0
- 0
29087
CUBA INDEPENDENT SCHOOLS
56653909
01563028
8918217
- 0
- 0
- 0
(248805)
(248805)
(243270)
(202677)
- 0
- 0
29088
JEMEZ VALLEY PUBLIC SCHOOLS
30896483
00852405
4863593
- 0
- 0
- 0
(135687)
(135687)
(132668)
(110531)
- 0
- 0
29122
JEMEZ MOUNTAIN SCHOOL DISTRICT
31276427
00862887
4923401
- 0
- 0
- 0
(137356)
(137356)
(134300)
(111890)
- 0
- 0
29123
RIO RANCHO PUBLIC SCHOOLS
1067726236
29457561
168076913
- 0
- 0
- 0
(4689104)
(4689104)
(4584780)
(3819742)
- 0
- 0
29150
NORTHWEST REGIONAL EDUCATION 2
4890736
00134931
769880
- 0
- 0
- 0
(21479)
(21479)
(21001)
(17496)
- 0
- 0
29305
SAN DIEGO RIVERSIDE CHARTER SCHOOL
6815857
00188043
1072923
- 0
- 0
- 0
(29933)
(29933)
(29267)
(24383)
- 0
- 0
29330
WALATOWA CHARTER HIGH SCHOOL
6020020
00166087
947648
- 0
- 0
- 0
(26438)
(26438)
(25850)
(21536)
- 0
- 0
29408
THE ASK ACADEMY
13515142
00372870
2127496
- 0
- 0
- 0
(59354)
(59354)
(58034)
(48350)
- 0
- 0
30089
MORA INDEPENDENT SCHOOLS
46556291
01284444
7328692
- 0
- 0
- 0
(204460)
(204460)
(199911)
(166553)
- 0
- 0
30090
WAGON MOUND PUBLIC SCHOOLS
15846572
00437192
2494500
- 0
- 0
- 0
(69593)
(69593)
(68045)
(56690)
- 0
- 0
31091
MOSQUERO MUNICIPAL SCHOOLS
8360043
00230646
1316004
- 0
- 0
- 0
(36715)
(36715)
(35898)
(29908)
- 0
- 0
31092
ROY MUNICIPAL SCHOOLS
9840797
00271498
1549095
- 0
- 0
- 0
(43218)
(43218)
(42256)
(35205)
- 0
- 0
32093
LOS ALAMOS PUBLIC SCHOOLS
313613561
08652303
49367712
- 0
- 0
- 0
(1377288)
(1377288)
(1346646)
(1121938)
- 0
- 0
36246253697
1000000000
5705730817
- 0
- 0
- 0
(159181664)
(159181664)
(155640186)
(129669335)
- 0
- 0
New Mexico Educational Retirement Board
Schedule of Collective Pension Amounts
As of and for the year ended June 30 2014
Net Pension Liability (775 Discount)
$ 5705730813
Net Pension Liability -- 100 Decrease (675 Discount)
$ 7763304829
Net Pension Liability -- 100 Increase (875 Discount)
$ 3987098791
Deferred Outflows of Resources
Differences Between Expected and Actual Experience
$ 0
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
0
Changes in Assumptions
0
Total Deferred Outflows of Resources Excluding Employer-Specific Amounts
$ 0
Deferred Inflows of Resources
Differences Between Expected and Actual Experience
$ 84995487
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
518677364
Changes inf Assumptions
0
Total Deferred Inflows of Resources Excluding Employer-Specific Amounts
$ 603672851
Pension Plan Expense
$ 395014052
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
Whatrsquos the difference between GASB Statements 67 and 68
GASB 67Accounting disclosures for pension plansERB was one of the first pension plans in the US to adopt
GASB 68Accounting disclosures for employers participating in pension plans
Both GASB statements separate accounting disclosures and presentation and the funding considerations for pensions
2
Bottom Line How Will GASB 68 Affect Issuers
Probably not muchbull Balance sheet and income statement will look different
but cash flows (one of the most important considerations for credit rating agencies) will be unchanged
bull A negative balance in net position is not necessarily a sign of financial distress
bull According to Rating Agency Standard amp PoorsldquoWhile there will be a range of new information reported under the GASB 6768 and year-over-year comparisons may be challenging we donrsquot expect significant credit differentiation based solely on the new reportingrdquo March 24 2015
3
What Does GASB 68 Do
Separates accounting and funding for pensionsProvides new informationbull Comprehensive reporting of a governmentrsquos net pension
liabilities and expensesbull Each employer will include its share of the actuarial
present value of retirement benefits in its financialsbull Reflect pension liability where employment exchange
takes placebull Provide 10-year trend information- net pension liability and
hitting contribution targets
4
What Does GASB 68 Do Continued
New information to be reportedbull Description of the plan and benefits providedbull Significant assumptions used in the measurement of the
net pension liabilitybull Amounts of the net pension liability and deferred inflows
and outflows of resources related to pensionsbull Analysis of the net pension liabilityrsquos sensitivity to changes
in the discount ratebull Descriptions of changes in the assumptions used in
measuring the net pension liability
5
What does GASB 68 not do
bull Create a new liabilityPrior to GASB 68 liability was only shown at the pension
fund level bull Change what employers have to contribute to the pension
planEmployers will continue to pay rates contributions set by
statute
6
Why Does GASB Mandate this Change
GASBrsquos goals are to havebull Increased transparency however not all of the
information is helpfulbull Improve comparability among pension plan employers
7
Glossary
Current GASB 6768 ResultActuarial Accrued Liability (AAL)Present value of earned retirement benefits
Total Pension Liability (TPL)
Present value of earned retirement benefits
No change for ERB
Actuarial Value of Assets (AVA)ldquoSmoothedrdquo value of pension plan assets
Fiduciary Net Position(FNP)Fair market value of pension plan assets minus liabilities
All amounts and ratios thatuse FMV of investments will be more volatile
Unfunded Actuarial Accrued Liability (UAAL)AAL minus AVA
Net Pension Liability (NPL)TPL minus FNP
For ERB NPLltUAAL as of June 30 2014
8
Glossary continued
Current GASB 6768 Result
Funded Ratio AVAAAL Funded Ratio FNPTPLFor ERB results in a higher funded ratioWill be more volatile
Annual Required Contribution (ARC)Contribution necessary to amortize UAAL in 30 years
No longer applicableERB will track Funding Policy Contribution in actuarial valuation report
Discount Rate Use long-term earnings assumption to calculate AAL
Discount Rate Use long-term earnings assumption to calculate TPL if enough assets If not blended rate
No change for ERB
Contribution expense Total of employer contributions accrued in fiscal year
Pension expense Change in NPL from one year to the next
Will be more volatile
In summary these changes will result in a need for two different sets of books one for funding and budgeting and one for accounting
9
Current and GASB 68 Reporting
Current GASB 68ERB FS School FS ERB FS School FS
UAAL Footnote disclosure
NoneMentions participation in ERB
Footnote disclosure including sensitivity of discount rate
Proportionate share of NPL on Balance Sheet
Contribution Expense
Included in Statement of Changes in Plan Net Assets
Amount of employer contributions accrued
Included in Statement of Changes in Fiduciary Net Position
Difference between current and prior year NPL plus adjustments
10
11
GASB 68 Meanshellip New disclosures for employers
Now required to recognize and reporthellipbull proportionate share of the Planrsquos collective Net Pension Liabilitybull proportionate share of the Planrsquos pension expensebull Proportionate share of the Planrsquos deferred inflows and outflowsThese will be reported with a one-year lag
Now required to addhellipbull More disclosure notes discount rate measurement assumptions
deferred flowsbull Required Supplementary Information Schedules of net pension
liability over 10 years contributions and related ratios
12
What are ERBrsquos Options
Implementation Level Benefits Issues to Resolve1 Bargain Basement
Implement only GASB 67bull Low cost to ERB bull Employers uninformed
unstaffed for reportingbull Public image problems
2 Middle of the RoadProvide proportionate share schedules for Net Pension Liability pension expense amp deferred inflows outflows
bull NMERB meets employers halfway
bull NMERB minimizes audit responsibility
bull Member data is supplied by members
bull Who audits the allocation schedule
bull Employers still face new reporting challenges
3 Full Service PlanPrepare and disclose all calculations and disclosuresfor employers
bull Reduce employer work
bull Plan takes on more work
13
How to maximize ERBrsquos service today
bull Increase Communicationbull Leverage existing ERB website and employer portal
bull Email blasts to Employer accounting personnel bull Fact Sheet Handouts sample reporting examples newslettersbull Compliance Auditor (desk amp field audits)bull Meet with Employers in regional meetings across New Mexicobull Meet with State Auditor Public Education Department Higher
Education Departmentbull Share Real Information
bull Provide audited GASB 68 report and Required Supplementary Information to all employersbull Employer contribution reconciliationsbull Allocation schedules (Net Pension Liability Contributions
How ERB Will Help Employers with GASB 68 Disclosures
In FY15 ERB will provide all employers this audited informationbull Each employerrsquos share of the Net Pension Liability and change from
prior period (Pension Expense)bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries prior period adjustment for
NPL and language for financial statement disclosures may require customization
In FY16 and future years ERB will provide all employers this audited information
bull Each employerrsquos share of the change in Net Pension Liability (Pension Expense)
bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries and language for financial
statement disclosures may require customization
15
16
ERBrsquos Implementation Plan
bull Produce annual audited schedules engaging ERBrsquos actuary and auditor to provide an opinion onbull Employer Allocationsbull Collective Pension Amounts and Required Supplementary
Informationbull Schedules include detail information for employers financials
bull ERB will comply with AICPA best practices that will allow the employerrsquos auditor to rely on ERBrsquos auditorrsquos opinion on proportionate shares
bull Employers have responsibility to report accurate census data to ERBbull Employers assume responsibility for presentation of the information
used in their own financial statements
17
New Mexico Educational Retirement BoardSchedule of Collective Pension AmountsAs of and for the year ended June 30 2014
Net Pension Liability (775 Discount) 5705730813$ Net Pension Liability -- 100 Decrease (675 Discount) 7763304829$ Net Pension Liability -- 100 Increase (875 Discount) 3987098791$
Deferred Outflows of ResourcesDifferences Between Expected and Actual Experience 0$ Net Difference Between Projected and Actual Investment Earnings on Plan 0Changes in Assumptions 0Total Deferred Outflows of Resources Excluding Employer-Specific Amounts 0$
Deferred Inflows of ResourcesDifferences Between Expected and Actual Experience 84995487$ Net Difference Between Projected and Actual Investment Earnings on Plan Investments 518677364Changes inf Assumptions 0Total Deferred Inflows of Resources Excluding Employer-Specific Amounts 603672851$
Pension Plan Expense 395014052$
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
ERBrsquos GASB 68 Collective Amounts
68_Collective Info
68_Shares
18
19
20
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Notes to Financial StatementsSummary of Significant Accounting Policies Basis of Accounting For purposes of
measuring the net pension liability deferred outflows of resources and deferred inflows of resources related to pensions and pension expense information about the fiduciary net position of the ERB and additions todeductions from ERBrsquos fiduciary net position have been determined on the same basis as they are reported by ERB Plan For this purpose benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms Investments are reported at fair value
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense At June 30 2015 the University of ABC (UABC) reported a liability of $14910 for its proportionate share of the net pension liability The net pension liability was measured as of June 30 2015 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as June 30 2014 UABCrsquos proportion of the net pension liability was based on UABCrsquos contributions to ERB for the year ending June 30 2015 relative to the total contribution for all employers participating in ERB a projection of the long-term share of contributions to the pension plan relative to projected contributions of all participating school districts actuarially determined At June 30 2015 UABCrsquos proportion was XX percent which was an increase of XX percent from its proportion measured as of June 30 2014
Sample Employer GASB 68 Disclosures
21
Sample Employer GASB 68 Disclosureshellipcont
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense (Cont)For the year ended June 30 2015 UABC recognized pension expense of $2394 At June 30 2015 reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources
Payable to the Pension Plan At June 30 2015 UABC reported a payable of $5432 for the outstanding contributions to the pension plan required for the year ended June 30 2015
Deferred Outflowsof Resources
Deferred Inflowsof Resources
Differences between expected and actual experience $ 2657 $ 142
Changes of assumptions 1714 130
Net difference between projected and actual earnings on pension plan investments
- 2194
Changes in proportion and differences between UABC contributions and proportionate share of contributions
753 156
UABC contributions subsequent to the measurement date 1065 -
Total $ 6189 $ 2622
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Questions
22
Appendix A page 1ERB Actuarials at a Glance
23
Fiscal Year 63012 63013 63014 63014GASB 67
UAAL $62B $65B $63B $57B
Funded Ratio 607 601 631 669
Funding Period Infinite 951 years 421 years Not applicable
Funding Policy
Contribution1759 1747 1632 Not applicable
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
New Mexico Educational Retirement Board
Deferred Outflows
Deferred Inflows
Schedule of Employer-Specific Pension Amounts
of Resources
of Resources
Pension Expense
Subsequent Recognition of Deferred Amounts
As of and for the year ended June 30 2014
Net Amortization
of Deferred
Amounts from
Changes in
Changes in
Changes in
Proportion
Proportion
Proportion
and Differences
and Differences
and Differences
Between
Between
Between
Employer
Employer
Employer
Contributions
Contributions
Contributions
and Proportionate
and Proportionate
and Proportionate
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Net Pension Liability
Share of
Share of
Share of
Ending
Ending
Ending
Ending
Ending
ER Code
Employer Name
Contribution
Employer Allocation Percentage
(775 Discount)
Contributions
Contributions
Contributions
2015
2016
2017
2018
2019
Thereafter
01001
POJOAQUE VALLEY SCHOOLS
130138115
03590388
20485787
- 0
- 0
- 0
(571524)
(571524)
(558809)
(465563)
- 0
- 0
01002
SANTA FE PUBLIC SCHOOLS
903846552
24936275
142279673
- 0
- 0
- 0
(3969398)
(3969398)
(3881086)
(3233470)
- 0
- 0
01003
SANTA FE COMMUNITY COLLEGE
285623563
07880085
44961644
- 0
- 0
- 0
(1254365)
(1254365)
(1226458)
(1021805)
- 0
- 0
01094
NEW MEXICO SCHOOL FOR THE DEAF
55303678
01525776
8705667
- 0
- 0
- 0
(242876)
(242876)
(237472)
(197846)
- 0
- 0
01301
THE ACADEMY FOR TECHNOLOGY amp THE CLASSICS
22265370
00614281
3504922
- 0
- 0
- 0
(97782)
(97782)
(95607)
(79653)
- 0
- 0
01306
MONTE DEL SOL CHARTER SCHOOL
27346513
00754465
4304774
- 0
- 0
- 0
(120097)
(120097)
(117425)
(97831)
- 0
- 0
01315
TURQUOISE TRAIL CHARTER SCHOOL
29690099
00819122
4673690
- 0
- 0
- 0
(130389)
(130389)
(127488)
(106215)
- 0
- 0
01341
STATE OF NEW MEXICO
121504115
03352184
19126660
- 0
- 0
- 0
(533606)
(533606)
(521735)
(434675)
- 0
- 0
01343
TIERRA ENCANTADA CHARTER SCHOOL
18916878
00521899
2977815
- 0
- 0
- 0
(83077)
(83077)
(81228)
(67674)
- 0
- 0
01398
THE MASTERS PROGRAM
11557405
00318858
1819318
- 0
- 0
- 0
(50756)
(50756)
(49627)
(41346)
- 0
- 0
01416
NEW MEXICO SCHOOL FOR THE ARTS
14899946
00411075
2345483
- 0
- 0
- 0
(65436)
(65436)
(63980)
(53304)
- 0
- 0
01418
New Mexico Connections Academy
10201256
00281443
1605838
- 0
- 0
- 0
(44801)
(44801)
(43804)
(36495)
- 0
- 0
02003
ALBUQUERQUE PUBLIC SCHOOLS
6164408173
170070218
970374883
- 0
- 0
- 0
(27072060)
(27072060)
(26469760)
(22052893)
- 0
- 0
02095
UNIVERSITY OF NEW MEXICO
5918270140
163279499
931628869
- 0
- 0
- 0
(25991102)
(25991102)
(25412851)
(21172345)
- 0
- 0
02123
CENTRAL NEW MEXICO COMMUNITY COLLEGE
965367901
26633591
151964101
- 0
- 0
- 0
(4239579)
(4239579)
(4145257)
(3453560)
- 0
- 0
02148
NEW MEXICO ACTIVITIES ASSOCIATION
13674332
00377262
2152555
- 0
- 0
- 0
(60053)
(60053)
(58717)
(48919)
- 0
- 0
02150
CENTRAL REGIONAL EDUCATION COOP
32918525
00908191
5181893
- 0
- 0
- 0
(144567)
(144567)
(141351)
(117765)
- 0
- 0
02295
UNIVERSITY HOSPITALS
38915116
01073631
6125849
- 0
- 0
- 0
(170902)
(170902)
(167100)
(139217)
- 0
- 0
02303
AMY BIEHL HIGH SCHOOL
24086383
00664521
3791578
- 0
- 0
- 0
(105780)
(105780)
(103426)
(86168)
- 0
- 0
02304
EAST MOUNTAIN HIGH SCHOOL
24508244
00676159
3857981
- 0
- 0
- 0
(107632)
(107632)
(105238)
(87677)
- 0
- 0
02308
TWENTY-FIRST CENTURY PUBLIC ACADEMY
10638203
00293498
1674621
- 0
- 0
- 0
(46720)
(46720)
(45680)
(38058)
- 0
- 0
02309
SOUTH VALLEY ACADEMY
27055891
00746447
4259026
- 0
- 0
- 0
(118821)
(118821)
(116177)
(96791)
- 0
- 0
02310
SOUTHWEST SECONDARY LEARNING CENTER
12754266
00351878
2007721
- 0
- 0
- 0
(56013)
(56013)
(54766)
(45628)
- 0
- 0
02311
NUESTROS VALORES CHARTER SCHOOL
8467810
00233619
1332967
- 0
- 0
- 0
(37188)
(37188)
(36361)
(30293)
- 0
- 0
02313
ROOTS AND WINGS COMMUNITY SCHOOL
3195446
00088159
503012
- 0
- 0
- 0
(14033)
(14033)
(13721)
(11432)
- 0
- 0
02314
THE LEARNING COMMUNITY CHARTER
12127601
00334589
1909075
- 0
- 0
- 0
(53260)
(53260)
(52075)
(43386)
- 0
- 0
02318
ROBERT F KENNEDY CHARTER SCHOOL
19636783
00541760
3091137
- 0
- 0
- 0
(86238)
(86238)
(84320)
(70250)
- 0
- 0
02320
PUBLIC ACADEMY FOR PERFORMING ARTS
22952684
00633243
3613114
- 0
- 0
- 0
(100801)
(100801)
(98558)
(82112)
- 0
- 0
02322
LOS PUENTES CHARTER SCHOOL
15963339
00440413
2512878
- 0
- 0
- 0
(70106)
(70106)
(68546)
(57108)
- 0
- 0
02323
EL CAMINO REAL ACADEMY
25600416
00706291
4029906
- 0
- 0
- 0
(112429)
(112429)
(109927)
(91584)
- 0
- 0
02327
HORIZON ACADEMY WEST
22209646
00612743
3496147
- 0
- 0
- 0
(97537)
(97537)
(95367)
(79454)
- 0
- 0
02328
NORTH VALLEY ACADEMY
21177733
00584274
3333710
- 0
- 0
- 0
(93006)
(93006)
(90937)
(75762)
- 0
- 0
02329
LA ACADEMIA DE ESPERANZA
32216102
00888812
5071322
- 0
- 0
- 0
(141483)
(141483)
(138335)
(115252)
- 0
- 0
02331
LA ACADEMIA DE LENGUA Y CULTURA
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02334
MONTESSORI OF THE RIO GRANDE CHARTER SCHOOL
13170269
00363355
2073206
- 0
- 0
- 0
(57839)
(57839)
(56553)
(47116)
- 0
- 0
02336
CESAR CHAVEZ COMMUNITY SCHOOL
13344118
00368152
2100576
- 0
- 0
- 0
(58603)
(58603)
(57299)
(47738)
- 0
- 0
02338
CREATIVE EDUCATION PREPARATORY INSTITUTE 1
13923018
00384123
2191702
- 0
- 0
- 0
(61145)
(61145)
(59785)
(49809)
- 0
- 0
02339
GILBERT L SENA CHARTER HIGH SCHOOL
13971841
00385470
2199388
- 0
- 0
- 0
(61360)
(61360)
(59995)
(49984)
- 0
- 0
02340
SCHOOL FOR INTEGRATED ACADEMICS amp TECHNOLOGIES
17385947
00479662
2736822
- 0
- 0
- 0
(76353)
(76353)
(74655)
(62197)
- 0
- 0
02341
ALB INSTITUTE FOR MATH AND SCIENCE UNM
17455816
00481590
2747823
- 0
- 0
- 0
(76660)
(76660)
(74955)
(62447)
- 0
- 0
02342
MOUNTAIN MAHOGONY COMMUNITY
11336352
00312759
1784519
- 0
- 0
- 0
(49785)
(49785)
(48678)
(40555)
- 0
- 0
02343
LA PROMESA EARLY LEARNING
22284215
00614801
3507889
- 0
- 0
- 0
(97865)
(97865)
(95688)
(79721)
- 0
- 0
02344
ACADEMY OF TRADES AND TECHNOLOGY (YOUTH BUILD CO)
9306534
00256759
1464998
- 0
- 0
- 0
(40871)
(40871)
(39962)
(33294)
- 0
- 0
02345
SOUTHWEST INTERMEDIATE LEARNING CTR (LA LUZ DEL M)
6003345
00165627
945023
- 0
- 0
- 0
(26365)
(26365)
(25778)
(21477)
- 0
- 0
02346
SOUTHWEST PRIMARY LEARNING CENTER
6508031
00179550
1024464
- 0
- 0
- 0
(28581)
(28581)
(27945)
(23282)
- 0
- 0
02350
DIGITAL ARTS AND TECHNOLOGY ACADEMY
18276643
00504235
2877029
- 0
- 0
- 0
(80265)
(80265)
(78479)
(65384)
- 0
- 0
02351
THE MONTESSORI ELEMENTARY SCHOOL
15956095
00440214
2511743
- 0
- 0
- 0
(70074)
(70074)
(68515)
(57082)
- 0
- 0
02353
CHRISTINE DUNCANS HERITAGE ACADEMY
11567894
00319147
1820967
- 0
- 0
- 0
(50802)
(50802)
(49672)
(41384)
- 0
- 0
02354
NATIVE AMERICAN COMMUNITY ACADEMY
24618203
00679193
3875292
- 0
- 0
- 0
(108115)
(108115)
(105710)
(88071)
- 0
- 0
02355
RALPH J BUNCHE ACADEMY
5170362
00142645
813894
- 0
- 0
- 0
(22706)
(22706)
(22201)
(18497)
- 0
- 0
02356
ALICE KING COMMUNITY SCHOOL(N ALB COOP C C)
15945481
00439921
2510071
- 0
- 0
- 0
(70027)
(70027)
(68469)
(57044)
- 0
- 0
02357
LA RESOLANA LEADERSHIP ACADEMY
5266902
00145309
829094
- 0
- 0
- 0
(23131)
(23131)
(22616)
(18842)
- 0
- 0
02358
VILLAGE ACADEMY CHARTER SCHOOL
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02360
BATAAN MILITARY ACADEMY
9938807
00274202
1564523
- 0
- 0
- 0
(43648)
(43648)
(42677)
(35556)
- 0
- 0
02361
ALBUQUERQUE TALENT DEVELOPMENT SECONDARY CHARTER
11434102
00315456
1799907
- 0
- 0
- 0
(50215)
(50215)
(49098)
(40905)
- 0
- 0
02362
GORDON BERNELL CHARTER SCHOOL
32236740
00889381
5074569
- 0
- 0
- 0
(141573)
(141573)
(138423)
(115325)
- 0
- 0
02363
CORRALES INTERNATIONAL SCHOOL
17491523
00482575
2753443
- 0
- 0
- 0
(76817)
(76817)
(75108)
(62575)
- 0
- 0
02364
COTTONWOOD CLASSICAL PREP SCHOOL
27174715
00749725
4277729
- 0
- 0
- 0
(119342)
(119342)
(116687)
(97216)
- 0
- 0
02365
MEDIA ARTS COLLABORATIVE CHARTER SCHOOL
12988950
00358353
2044666
- 0
- 0
- 0
(57043)
(57043)
(55774)
(46467)
- 0
- 0
02366
THE NEW AMERICA SCHOOL
15162026
00418306
2386741
- 0
- 0
- 0
(66587)
(66587)
(65105)
(54241)
- 0
- 0
02367
CIEN AGUAS INTERNATIONAL SCHOOL
16645455
00459232
2620254
- 0
- 0
- 0
(73101)
(73101)
(71475)
(59548)
- 0
- 0
02368
THE INTERNATIONAL SCH AT MESA DEL SOL
15953529
00440143
2511337
- 0
- 0
- 0
(70063)
(70063)
(68504)
(57073)
- 0
- 0
02370
TIERRA ADENTRO OF NEW MEXICO
14574532
00402098
2294263
- 0
- 0
- 0
(64007)
(64007)
(62583)
(52140)
- 0
- 0
02390
ACE LEADERSHIP HIGH SCHOOL
21477933
00592556
3380965
- 0
- 0
- 0
(94324)
(94324)
(92226)
(76836)
- 0
- 0
02396
SOUTH VALLEY PREPARATORY SCHOOL
9352262
00258020
1472193
- 0
- 0
- 0
(41072)
(41072)
(40158)
(33457)
- 0
- 0
02402
ALBUQUERQUE SIGN LANGUAGE ACADEMY
12136863
00334845
1910535
- 0
- 0
- 0
(53301)
(53301)
(52115)
(43419)
- 0
- 0
02412
ALBUQUERQUE SCHOOL OF EXCELLENCE
12941978
00357057
2037271
- 0
- 0
- 0
(56837)
(56837)
(55572)
(46299)
- 0
- 0
02413
THE GREAT ACADEMY
9104631
00251188
1433211
- 0
- 0
- 0
(39985)
(39985)
(39095)
(32571)
- 0
- 0
02414
THE NEW MEXICO INTERNATIONAL SCHOOL
9093315
00250876
1431431
- 0
- 0
- 0
(39935)
(39935)
(39046)
(32531)
- 0
- 0
02417
WILLIAM W amp JOSEPHINE DORN CHARTER COMMUNITY SCHOO
2499702
00068964
393490
- 0
- 0
- 0
(10978)
(10978)
(10734)
(8943)
- 0
- 0
02418
SAGE MONTESSORI CHARTER SCHOOL
7486288
00206540
1178462
- 0
- 0
- 0
(32877)
(32877)
(32146)
(26782)
- 0
- 0
02420
SOUTHWEST AERONAUTICS MATH amp SCIENCE ACADEMY
9312685
00256928
1465962
- 0
- 0
- 0
(40898)
(40898)
(39988)
(33316)
- 0
- 0
02421
CORAL COMMUNITY CHARTER SCHOOL
5518744
00152257
868737
- 0
- 0
- 0
(24237)
(24237)
(23697)
(19743)
- 0
- 0
02425
MISSION ACHIEVEMENT AND SUCCESS CHARTER SCHOOL
15952839
00440124
2511229
- 0
- 0
- 0
(70060)
(70060)
(68501)
(57071)
- 0
- 0
02430
Health Leadership Community School
9697716
00267551
1526574
- 0
- 0
- 0
(42589)
(42589)
(41642)
(34693)
- 0
- 0
03004
ARTESIA PUBLIC SCHOOLS
249203786
06875298
39228600
- 0
- 0
- 0
(1094421)
(1094421)
(1070073)
(891515)
- 0
- 0
03005
CARLSBAD MUNICIPAL SCHOOLS
457710863
12627812
72050896
- 0
- 0
- 0
(2010116)
(2010116)
(1965395)
(1637440)
- 0
- 0
03006
LOVING MUNICIPAL SCHOOLS
45366532
01251620
7141407
- 0
- 0
- 0
(199235)
(199235)
(194802)
(162297)
- 0
- 0
03321
JEFFERSON MONTESSORI ACADEMY
14230129
00392596
2240047
- 0
- 0
- 0
(62494)
(62494)
(61104)
(50908)
- 0
- 0
04008
DEXTER CONSOLIDATED SCHOOLS
74126962
02045093
11668750
- 0
- 0
- 0
(325541)
(325541)
(318299)
(265186)
- 0
- 0
04009
HAGERMAN MUNICIPAL SCHOOLS
35432505
00977549
5577631
- 0
- 0
- 0
(155608)
(155608)
(152146)
(126758)
- 0
- 0
04010
LAKE ARTHUR MUNICIPAL SCHOOLS
13637822
00376255
2146810
- 0
- 0
- 0
(59893)
(59893)
(58560)
(48789)
- 0
- 0
04011
ROSWELL INDEPENDENT SCHOOLS
615946152
16993374
96959618
- 0
- 0
- 0
(2705034)
(2705034)
(2644852)
(2203520)
- 0
- 0
04097
NEW MEXICO MILITARY INSTITUTE
168542271
04649923
26531209
- 0
- 0
- 0
(740182)
(740182)
(723715)
(602952)
- 0
- 0
04317
SIDNEY GUTIERREZ MIDDLE SCHOOL
4080477
00112577
642334
- 0
- 0
- 0
(17920)
(17920)
(17522)
(14598)
- 0
- 0
05011
CLOVIS COMMUNITY COLLEGE
91114505
02513763
14342855
- 0
- 0
- 0
(400145)
(400145)
(391243)
(325958)
- 0
- 0
05012
CLOVIS MUNICIPAL SCHOOLS
529906737
14619628
83415662
- 0
- 0
- 0
(2327177)
(2327177)
(2275402)
(1895717)
- 0
- 0
05013
GRADY MUNICIPAL SCHOOLS
13422095
00370303
2112849
- 0
- 0
- 0
(58945)
(58945)
(57634)
(48017)
- 0
- 0
05014
MELROSE SCHOOLS
20092869
00554343
3162932
- 0
- 0
- 0
(88241)
(88241)
(86278)
(71881)
- 0
- 0
05015
TEXICO MUNICIPAL SCHOOLS
46844881
01292406
7374121
- 0
- 0
- 0
(205727)
(205727)
(201150)
(167585)
- 0
- 0
05016
REGIONAL EDUCATIONAL CENTER 6
8833229
00243700
1390487
- 0
- 0
- 0
(38793)
(38793)
(37930)
(31600)
- 0
- 0
06016
EUNICE PUBLIC SCHOOLS
47356967
01306534
7454731
- 0
- 0
- 0
(207976)
(207976)
(203349)
(169417)
- 0
- 0
06017
HOBBS MUNICIPAL SCHOOLS
528484026
14580377
83191706
- 0
- 0
- 0
(2320929)
(2320929)
(2269293)
(1890628)
- 0
- 0
06018
JAL PUBLIC SCHOOLS
34332805
00947210
5404525
- 0
- 0
- 0
(150778)
(150778)
(147424)
(122824)
- 0
- 0
06019
LOVINGTON MUNICIPAL SCHOOLS
228661774
06308563
35994962
- 0
- 0
- 0
(1004208)
(1004208)
(981866)
(818027)
- 0
- 0
06020
TATUM MUNICIPAL SCHOOLS
32371140
00893089
5095725
- 0
- 0
- 0
(142163)
(142163)
(139001)
(115806)
- 0
- 0
06124
NEW MEXICO JUNIOR COLLEGE
143512547
03959376
22591134
- 0
- 0
- 0
(630260)
(630260)
(616238)
(513410)
- 0
- 0
06150
REGIONAL EDUCATIONAL COOP 7
2672852
00073741
420746
- 0
- 0
- 0
(11738)
(11738)
(11477)
(9562)
- 0
- 0
07021
GADSDEN INDEPENDENT SCHOOLS
954445594
26332255
150244759
- 0
- 0
- 0
(4191612)
(4191612)
(4098357)
(3414486)
- 0
- 0
07022
HATCH VALLEY PUBLIC SCHOOLS
101411144
02797838
15963710
- 0
- 0
- 0
(445365)
(445365)
(435456)
(362794)
- 0
- 0
07023
LAS CRUCES PUBLIC SCHOOLS
1700239556
46908008
267644467
- 0
- 0
- 0
(7466895)
(7466895)
(7300771)
(6082530)
- 0
- 0
07098
NEW MEXICO STATE UNIVERSITY
2740590573
75610313
431412093
- 0
- 0
- 0
(12035775)
(12035775)
(11768003)
(9804339)
- 0
- 0
07335
ALMA DARTE CHARTER HIGH SCHOOL
14804322
00408437
2330432
- 0
- 0
- 0
(65016)
(65016)
(63569)
(52962)
- 0
- 0
07337
LA ACADEMIA DOLORES HUERTA
9581137
00264335
1508224
- 0
- 0
- 0
(42077)
(42077)
(41141)
(34276)
- 0
- 0
07338
LAS MONTANAS CHARTER HIGH SCHOOL
14737236
00406586
2319870
- 0
- 0
- 0
(64721)
(64721)
(63281)
(52722)
- 0
- 0
07339
ANTHONY CHARTER SCHOOL
5217470
00143945
821311
- 0
- 0
- 0
(22913)
(22913)
(22404)
(18665)
- 0
- 0
07420
J PAUL TAYLOR ACADEMY
10921121
00301303
1719154
- 0
- 0
- 0
(47962)
(47962)
(46895)
(39070)
- 0
- 0
07421
NEW AMERICA SCHOOL-LAS CRUCES
12850101
00354522
2022807
- 0
- 0
- 0
(56433)
(56433)
(55178)
(45971)
- 0
- 0
08024
COBRE CONSOLIDATED SCHOOLS
107900060
02976861
16985168
- 0
- 0
- 0
(473862)
(473862)
(463319)
(386008)
- 0
- 0
08026
SILVER CONSOLIDATED SCHOOLS
223923812
06177847
35249132
- 0
- 0
- 0
(983400)
(983400)
(961521)
(801077)
- 0
- 0
08099
WESTERN NEW MEXICO UNIVERSITY
228493287
06303915
35968442
- 0
- 0
- 0
(1003468)
(1003468)
(981142)
(817424)
- 0
- 0
08347
ALDO LEOPOLD HIGH SCHOOL
11975600
00330396
1885151
- 0
- 0
- 0
(52593)
(52593)
(51423)
(42842)
- 0
- 0
09027
CIMARRON MUNICIPAL SCHOOLS
33888261
00934945
5334544
- 0
- 0
- 0
(148826)
(148826)
(145515)
(121234)
- 0
- 0
09028
MAXWELL MUNICIPAL SCHOOLS
15196104
00419246
2392105
- 0
- 0
- 0
(66736)
(66736)
(65252)
(54363)
- 0
- 0
09029
RATON PUBLIC SCHOOLS
80720720
02227009
12706714
- 0
- 0
- 0
(354499)
(354499)
(346612)
(288775)
- 0
- 0
09030
SPRINGER MUNICIPAL SCHOOLS
19298679
00532432
3037914
- 0
- 0
- 0
(84753)
(84753)
(82868)
(69040)
- 0
- 0
09150
HIGH PLAINS REGIONAL EDUCATIONAL COOP 3
12699970
00350380
1999174
- 0
- 0
- 0
(55774)
(55774)
(54533)
(45434)
- 0
- 0
09324
MORENO VALLEY HIGH SCHOOL
7446232
00205435
1172157
- 0
- 0
- 0
(32701)
(32701)
(31974)
(26639)
- 0
- 0
10032
SAN JON SCHOOLS
14631539
00403670
2303232
- 0
- 0
- 0
(64257)
(64257)
(62827)
(52344)
- 0
- 0
10033
TUCUMCARI PUBLIC SCHOOLS
74492978
02055191
11726367
- 0
- 0
- 0
(327149)
(327149)
(319870)
(266495)
- 0
- 0
10119
HOUSE MUNICIPAL SCHOOLS
14003541
00386345
2204381
- 0
- 0
- 0
(61499)
(61499)
(60131)
(50097)
- 0
- 0
10120
LOGAN MUNICIPAL SCHOOLS
25199979
00695244
3966875
- 0
- 0
- 0
(110670)
(110670)
(108208)
(90152)
- 0
- 0
10141
MESALANDS COMMUNITY COLLEGE
35425739
00977363
5576570
- 0
- 0
- 0
(155578)
(155578)
(152117)
(126734)
- 0
- 0
11034
ELIDA MUNICIPAL SCHOOLS
14152846
00390464
2227882
- 0
- 0
- 0
(62155)
(62155)
(60772)
(50631)
- 0
- 0
11035
PORTALES MUNICIPAL SCHOOLS
202486725
05586418
31874597
- 0
- 0
- 0
(889255)
(889255)
(869471)
(724387)
- 0
- 0
11101
EASTERN NEW MEXICO UNIVERSITY - PORTALES
321726936
08876143
50644883
- 0
- 0
- 0
(1412919)
(1412919)
(1381485)
(1150964)
- 0
- 0
11102
EASTERN NM UNIVERSITY - ROSWELL
132681232
03660550
20886113
- 0
- 0
- 0
(582692)
(582692)
(569729)
(474661)
- 0
- 0
11117
DORA CONSOLIDATED SCHOOLS
23215804
00640502
3654532
- 0
- 0
- 0
(101956)
(101956)
(99688)
(83053)
- 0
- 0
11118
FLOYD MUNICIPAL SCHOOLS
22040516
00608077
3469524
- 0
- 0
- 0
(96795)
(96795)
(94641)
(78849)
- 0
- 0
12037
LAS VEGAS CITY SCHOOLS
125424467
03460343
19743786
- 0
- 0
- 0
(550823)
(550823)
(538568)
(448700)
- 0
- 0
12038
WEST LAS VEGAS SCHOOLS
135571770
03740297
21341128
- 0
- 0
- 0
(595387)
(595387)
(582141)
(485002)
- 0
- 0
12039
PECOS INDEPENDENT SCHOOLS
57989889
01599886
9128519
- 0
- 0
- 0
(254673)
(254673)
(249007)
(207456)
- 0
- 0
12102
NEW MEXICO HIGHLANDS UNIVERSITY
293679047
08102328
46229703
- 0
- 0
- 0
(1289742)
(1289742)
(1261048)
(1050624)
- 0
- 0
12128
LUNA COMMUNITY COLLEGE
77802974
02146511
12247414
- 0
- 0
- 0
(341685)
(341685)
(334083)
(278337)
- 0
- 0
12150
PECOS VALLEY REC 8
6405772
00176729
1008368
- 0
- 0
- 0
(28132)
(28132)
(27506)
(22916)
- 0
- 0
12151
NORTHEAST REGIONAL EDUCATION COOP
7566786
00208760
1191128
- 0
- 0
- 0
(33231)
(33231)
(32491)
(27070)
- 0
- 0
13041
GALLUP MCKINLEY COUNTY SCHOOLS
874308315
24121343
137629890
- 0
- 0
- 0
(3839676)
(3839676)
(3754250)
(3127799)
- 0
- 0
13142
ZUNI PUBLIC SCHOOLS
130100988
03589364
20479945
- 0
- 0
- 0
(571361)
(571361)
(558649)
(465430)
- 0
- 0
13369
MIDDLE COLLEGE HIGH SCHOOL
5022305
00138561
790592
- 0
- 0
- 0
(22056)
(22056)
(21566)
(17967)
- 0
- 0
13430
UPLIFT COMMUNITY SCHOOL
8929543
00246358
1405652
- 0
- 0
- 0
(39216)
(39216)
(38343)
(31945)
- 0
- 0
14043
BELEN CONSOLIDATED SCHOOLS
282020844
07780689
44394517
- 0
- 0
- 0
(1238543)
(1238543)
(1210988)
(1008917)
- 0
- 0
14044
GRANTS-CIBOLA COUNTY SCHOOLS
270364497
07459102
42559628
- 0
- 0
- 0
(1187352)
(1187352)
(1160936)
(967217)
- 0
- 0
14045
LOS LUNAS SCHOOLS
516619864
14253055
81324095
- 0
- 0
- 0
(2268825)
(2268825)
(2218348)
(1848184)
- 0
- 0
14366
SCHOOL OF DREAMS ACADEMY
16804216
00463612
2645245
- 0
- 0
- 0
(73799)
(73799)
(72157)
(60116)
- 0
- 0
15046
ALAMOGORDO PUBLIC SCHOOLS
369877443
10204570
58224529
- 0
- 0
- 0
(1624380)
(1624380)
(1588241)
(1323220)
- 0
- 0
15047
CLOUDCROFT MUNICIPAL SCHOOLS
30771554
00848958
4843926
- 0
- 0
- 0
(135139)
(135139)
(132132)
(110084)
- 0
- 0
15049
TULAROSA MUNICIPAL SCHOOLS
68396924
01887007
10766754
- 0
- 0
- 0
(300377)
(300377)
(293694)
(244687)
- 0
- 0
15104
NEW MEXICO SCHOOL FT BLIND amp VISUALLY IMPAIRED
79976142
02206466
12589501
- 0
- 0
- 0
(351229)
(351229)
(343415)
(286111)
- 0
- 0
16050
AZTEC MUNICIPAL SCHOOLS
187894163
05183823
29577499
- 0
- 0
- 0
(825170)
(825170)
(806811)
(672183)
- 0
- 0
16051
BLOOMFIELD SCHOOLS
209183372
05771172
32928754
- 0
- 0
- 0
(918665)
(918665)
(898226)
(748344)
- 0
- 0
16052
FARMINGTON MUNICIPAL SCHOOLS
709808631
19582952
111735053
- 0
- 0
- 0
(3117247)
(3117247)
(3047894)
(2539308)
- 0
- 0
16053
CENTRAL CONSOLIDATED SCHOOLS
497242938
13718464
78273863
- 0
- 0
- 0
(2183728)
(2183728)
(2135144)
(1778864)
- 0
- 0
16155
SAN JUAN COLLEGE
372723272
10283084
58672509
- 0
- 0
- 0
(1636878)
(1636878)
(1600461)
(1333401)
- 0
- 0
16356
MOSAIC ACADEMY CHARTER
10488019
00289355
1650982
- 0
- 0
- 0
(46060)
(46060)
(45035)
(37520)
- 0
- 0
16357
CARINOS CHARTER SCHOOL
17209176
00474785
2708995
- 0
- 0
- 0
(75577)
(75577)
(73896)
(61565)
- 0
- 0
16358
NEW MEXICO VIRTUAL ACADEMY
8945064
00246786
1408094
- 0
- 0
- 0
(39284)
(39284)
(38410)
(32001)
- 0
- 0
17054
ESPANOLA PUBLIC SCHOOLS
260245590
07179931
40966754
- 0
- 0
- 0
(1142913)
(1142913)
(1117486)
(931017)
- 0
- 0
17105
NORTHERN NEW MEXICO COLLEGE
128311258
03539987
20198213
- 0
- 0
- 0
(563501)
(563501)
(550964)
(459028)
- 0
- 0
17115
DULCE INDEPENDENT SCHOOLS
63542017
01753064
10002511
- 0
- 0
- 0
(279056)
(279056)
(272847)
(227319)
- 0
- 0
17126
CHAMA VALLEY SCHOOLS
41127543
01134670
6474122
- 0
- 0
- 0
(180619)
(180619)
(176600)
(147132)
- 0
- 0
17127
MESA VISTA CONSOLIDATED SCHOOLS
36319862
01002031
5717319
- 0
- 0
- 0
(159505)
(159505)
(155956)
(129933)
- 0
- 0
17334
LINDRITH AREA HERITAGE SCHOOL
1999722
00055170
314785
- 0
- 0
- 0
(8782)
(8782)
(8587)
(7154)
- 0
- 0
17424
MC CURDY CHARTER SCHOOL
26341385
00726734
4146549
- 0
- 0
- 0
(115683)
(115683)
(113109)
(94235)
- 0
- 0
17425
LA TIERRA MONTESSORI SCHOOL
3636882
00100338
572502
- 0
- 0
- 0
(15972)
(15972)
(15617)
(13011)
- 0
- 0
18056
CLAYTON MUNICIPAL SCHOOLS
41375879
01141522
6513217
- 0
- 0
- 0
(181709)
(181709)
(177667)
(148020)
- 0
- 0
18057
DES MOINES MUNICIPAL SCHOOLS
12824909
00353827
2018842
- 0
- 0
- 0
(56323)
(56323)
(55070)
(45881)
- 0
- 0
19059
DEMING PUBLIC SCHOOLS
358423873
09888577
56421558
- 0
- 0
- 0
(1574080)
(1574080)
(1539060)
(1282245)
- 0
- 0
19301
DEMING CESAR CHAVEZ CHARTER HIGH SCHOOL
10654211
00293940
1677143
- 0
- 0
- 0
(46790)
(46790)
(45749)
(38115)
- 0
- 0
20060
PENASCO INDEPENDENT SCHOOLS
43124424
01189762
6788462
- 0
- 0
- 0
(189388)
(189388)
(185175)
(154276)
- 0
- 0
20062
TAOS MUNICIPAL SCHOOLS
185250055
05110875
29161277
- 0
- 0
- 0
(813558)
(813558)
(795458)
(662724)
- 0
- 0
20125
QUESTA INDEPENDENT SCHOOLS
53837543
01485327
8474876
- 0
- 0
- 0
(236437)
(236437)
(231177)
(192601)
- 0
- 0
20265
TAOS ACADEMY CHARTER SCHOOL
11325900
00312471
1782875
- 0
- 0
- 0
(49740)
(49740)
(48633)
(40518)
- 0
- 0
20266
La Jicarita Community School
2194276
00060538
345414
- 0
- 0
- 0
(9637)
(9637)
(9422)
(7850)
- 0
- 0
20307
TAOS CHARTER SCHOOL
10997820
00303419
1731227
- 0
- 0
- 0
(48299)
(48299)
(47224)
(39344)
- 0
- 0
20312
RED RIVER VALLEY CHARTER SCHOOLS
4685520
00129269
737574
- 0
- 0
- 0
(20577)
(20577)
(20119)
(16762)
- 0
- 0
20316
ANANSI CHARTER SCHOOL
8137027
00224493
1280897
- 0
- 0
- 0
(35735)
(35735)
(34940)
(29110)
- 0
- 0
20317
VISTA GRANDE HIGH SCHOOL
6300504
00173825
991799
- 0
- 0
- 0
(27670)
(27670)
(27054)
(22540)
- 0
- 0
20415
TAOS INTEGRATED SCHOOL OF THE ARTS
6209169
00171305
977420
- 0
- 0
- 0
(27269)
(27269)
(26662)
(22213)
- 0
- 0
21063
TRUTH OR CONSEQUENCES MUNICIPAL SCHOOLS
108041191
02980755
17007386
- 0
- 0
- 0
(474482)
(474482)
(463925)
(386513)
- 0
- 0
21150
SOUTHWEST REGIONAL ED COOPERATIVE 10
13050923
00360063
2054423
- 0
- 0
- 0
(57315)
(57315)
(56040)
(46689)
- 0
- 0
22065
ESTANCIA MUNICPAL SCHOOLS
61525804
01697439
9685130
- 0
- 0
- 0
(270201)
(270201)
(264190)
(220106)
- 0
- 0
22066
MORIARTY-EDGEWOOD SCHOOL DISTRICT
195971575
05406671
30849009
- 0
- 0
- 0
(860643)
(860643)
(841495)
(701079)
- 0
- 0
22067
MOUNTAINAIR PUBLIC SCHOOLS
25324156
00698670
3986423
- 0
- 0
- 0
(111215)
(111215)
(108741)
(90596)
- 0
- 0
22201
ESTANCIA VALLEY CLASSICAL ACADEMY
17772159
00490317
2797617
- 0
- 0
- 0
(78049)
(78049)
(76313)
(63579)
- 0
- 0
23070
LORDSBURG MUNICIPAL SCHOOLS
51096743
01409711
8043431
- 0
- 0
- 0
(224400)
(224400)
(219408)
(182796)
- 0
- 0
23121
ANIMAS PUBLIC SCHOOLS
19292757
00532269
3036984
- 0
- 0
- 0
(84727)
(84727)
(82842)
(69019)
- 0
- 0
24072
SANTA ROSA CONSOLIDATED SCHOOLS
56809634
01567324
8942729
- 0
- 0
- 0
(249489)
(249489)
(243939)
(203234)
- 0
- 0
24073
VAUGHN MUNICIPAL SCHOOLS
12288412
00339026
1934391
- 0
- 0
- 0
(53967)
(53967)
(52766)
(43961)
- 0
- 0
25075
MAGDELENA MUNICIPAL SCHOOLS
39388022
01086678
6200292
- 0
- 0
- 0
(172979)
(172979)
(169131)
(140909)
- 0
- 0
25076
SOCORRO CONSOLIDATED SCHOOLS
119743612
03303613
18849526
- 0
- 0
- 0
(525875)
(525875)
(514175)
(428377)
- 0
- 0
25106
NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY
472350274
13031699
74355367
- 0
- 0
- 0
(2074408)
(2074408)
(2028256)
(1689812)
- 0
- 0
25319
COTTONWOOD VALLEY CHARTER SCHOOLS
11134970
00307203
1752818
- 0
- 0
- 0
(48901)
(48901)
(47813)
(39835)
- 0
- 0
26077
CAPITAN MUNICIPAL SCHOOLS
35934847
00991409
5656713
- 0
- 0
- 0
(157814)
(157814)
(154303)
(128555)
- 0
- 0
26078
CARRIZOZO MUNICIPAL SCHOOLS
15641987
00431548
2462297
- 0
- 0
- 0
(68695)
(68695)
(67166)
(55959)
- 0
- 0
26079
CORONA PUBLIC SCHOOLS
13583697
00374761
2138285
- 0
- 0
- 0
(59655)
(59655)
(58328)
(48595)
- 0
- 0
26080
HONDO VALLEY PUBLIC SCHOOLS
16942484
00467427
2667013
- 0
- 0
- 0
(74406)
(74406)
(72750)
(60611)
- 0
- 0
26081
RUIDOSO MUNICIPAL SCHOOL DISTRICT
125672227
03467178
19782784
- 0
- 0
- 0
(551911)
(551911)
(539632)
(449587)
- 0
- 0
26150
REGION IX EDUCATIONAL COOPERATIVE
31729042
00875374
4994648
- 0
- 0
- 0
(139343)
(139343)
(136243)
(113509)
- 0
- 0
27083
FORT SUMNER MUNICIPAL SCHOOLS
30489477
00841176
4799524
- 0
- 0
- 0
(133900)
(133900)
(130921)
(109075)
- 0
- 0
28084
QUEMADO INDEPENDENT SCHOOLS
17595257
00485437
2769773
- 0
- 0
- 0
(77273)
(77273)
(75554)
(62946)
- 0
- 0
28085
RESERVE INDEPENDENT SCHOOLS
18999938
00524190
2990887
- 0
- 0
- 0
(83441)
(83441)
(81585)
(67971)
- 0
- 0
29086
BERNALILLO PUBLIC SCHOOLS
256481726
07076089
40374259
- 0
- 0
- 0
(1126384)
(1126384)
(1101324)
(917552)
- 0
- 0
29087
CUBA INDEPENDENT SCHOOLS
56653909
01563028
8918217
- 0
- 0
- 0
(248805)
(248805)
(243270)
(202677)
- 0
- 0
29088
JEMEZ VALLEY PUBLIC SCHOOLS
30896483
00852405
4863593
- 0
- 0
- 0
(135687)
(135687)
(132668)
(110531)
- 0
- 0
29122
JEMEZ MOUNTAIN SCHOOL DISTRICT
31276427
00862887
4923401
- 0
- 0
- 0
(137356)
(137356)
(134300)
(111890)
- 0
- 0
29123
RIO RANCHO PUBLIC SCHOOLS
1067726236
29457561
168076913
- 0
- 0
- 0
(4689104)
(4689104)
(4584780)
(3819742)
- 0
- 0
29150
NORTHWEST REGIONAL EDUCATION 2
4890736
00134931
769880
- 0
- 0
- 0
(21479)
(21479)
(21001)
(17496)
- 0
- 0
29305
SAN DIEGO RIVERSIDE CHARTER SCHOOL
6815857
00188043
1072923
- 0
- 0
- 0
(29933)
(29933)
(29267)
(24383)
- 0
- 0
29330
WALATOWA CHARTER HIGH SCHOOL
6020020
00166087
947648
- 0
- 0
- 0
(26438)
(26438)
(25850)
(21536)
- 0
- 0
29408
THE ASK ACADEMY
13515142
00372870
2127496
- 0
- 0
- 0
(59354)
(59354)
(58034)
(48350)
- 0
- 0
30089
MORA INDEPENDENT SCHOOLS
46556291
01284444
7328692
- 0
- 0
- 0
(204460)
(204460)
(199911)
(166553)
- 0
- 0
30090
WAGON MOUND PUBLIC SCHOOLS
15846572
00437192
2494500
- 0
- 0
- 0
(69593)
(69593)
(68045)
(56690)
- 0
- 0
31091
MOSQUERO MUNICIPAL SCHOOLS
8360043
00230646
1316004
- 0
- 0
- 0
(36715)
(36715)
(35898)
(29908)
- 0
- 0
31092
ROY MUNICIPAL SCHOOLS
9840797
00271498
1549095
- 0
- 0
- 0
(43218)
(43218)
(42256)
(35205)
- 0
- 0
32093
LOS ALAMOS PUBLIC SCHOOLS
313613561
08652303
49367712
- 0
- 0
- 0
(1377288)
(1377288)
(1346646)
(1121938)
- 0
- 0
36246253697
1000000000
5705730817
- 0
- 0
- 0
(159181664)
(159181664)
(155640186)
(129669335)
- 0
- 0
New Mexico Educational Retirement Board
Schedule of Collective Pension Amounts
As of and for the year ended June 30 2014
Net Pension Liability (775 Discount)
$ 5705730813
Net Pension Liability -- 100 Decrease (675 Discount)
$ 7763304829
Net Pension Liability -- 100 Increase (875 Discount)
$ 3987098791
Deferred Outflows of Resources
Differences Between Expected and Actual Experience
$ 0
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
0
Changes in Assumptions
0
Total Deferred Outflows of Resources Excluding Employer-Specific Amounts
$ 0
Deferred Inflows of Resources
Differences Between Expected and Actual Experience
$ 84995487
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
518677364
Changes inf Assumptions
0
Total Deferred Inflows of Resources Excluding Employer-Specific Amounts
$ 603672851
Pension Plan Expense
$ 395014052
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
Bottom Line How Will GASB 68 Affect Issuers
Probably not muchbull Balance sheet and income statement will look different
but cash flows (one of the most important considerations for credit rating agencies) will be unchanged
bull A negative balance in net position is not necessarily a sign of financial distress
bull According to Rating Agency Standard amp PoorsldquoWhile there will be a range of new information reported under the GASB 6768 and year-over-year comparisons may be challenging we donrsquot expect significant credit differentiation based solely on the new reportingrdquo March 24 2015
3
What Does GASB 68 Do
Separates accounting and funding for pensionsProvides new informationbull Comprehensive reporting of a governmentrsquos net pension
liabilities and expensesbull Each employer will include its share of the actuarial
present value of retirement benefits in its financialsbull Reflect pension liability where employment exchange
takes placebull Provide 10-year trend information- net pension liability and
hitting contribution targets
4
What Does GASB 68 Do Continued
New information to be reportedbull Description of the plan and benefits providedbull Significant assumptions used in the measurement of the
net pension liabilitybull Amounts of the net pension liability and deferred inflows
and outflows of resources related to pensionsbull Analysis of the net pension liabilityrsquos sensitivity to changes
in the discount ratebull Descriptions of changes in the assumptions used in
measuring the net pension liability
5
What does GASB 68 not do
bull Create a new liabilityPrior to GASB 68 liability was only shown at the pension
fund level bull Change what employers have to contribute to the pension
planEmployers will continue to pay rates contributions set by
statute
6
Why Does GASB Mandate this Change
GASBrsquos goals are to havebull Increased transparency however not all of the
information is helpfulbull Improve comparability among pension plan employers
7
Glossary
Current GASB 6768 ResultActuarial Accrued Liability (AAL)Present value of earned retirement benefits
Total Pension Liability (TPL)
Present value of earned retirement benefits
No change for ERB
Actuarial Value of Assets (AVA)ldquoSmoothedrdquo value of pension plan assets
Fiduciary Net Position(FNP)Fair market value of pension plan assets minus liabilities
All amounts and ratios thatuse FMV of investments will be more volatile
Unfunded Actuarial Accrued Liability (UAAL)AAL minus AVA
Net Pension Liability (NPL)TPL minus FNP
For ERB NPLltUAAL as of June 30 2014
8
Glossary continued
Current GASB 6768 Result
Funded Ratio AVAAAL Funded Ratio FNPTPLFor ERB results in a higher funded ratioWill be more volatile
Annual Required Contribution (ARC)Contribution necessary to amortize UAAL in 30 years
No longer applicableERB will track Funding Policy Contribution in actuarial valuation report
Discount Rate Use long-term earnings assumption to calculate AAL
Discount Rate Use long-term earnings assumption to calculate TPL if enough assets If not blended rate
No change for ERB
Contribution expense Total of employer contributions accrued in fiscal year
Pension expense Change in NPL from one year to the next
Will be more volatile
In summary these changes will result in a need for two different sets of books one for funding and budgeting and one for accounting
9
Current and GASB 68 Reporting
Current GASB 68ERB FS School FS ERB FS School FS
UAAL Footnote disclosure
NoneMentions participation in ERB
Footnote disclosure including sensitivity of discount rate
Proportionate share of NPL on Balance Sheet
Contribution Expense
Included in Statement of Changes in Plan Net Assets
Amount of employer contributions accrued
Included in Statement of Changes in Fiduciary Net Position
Difference between current and prior year NPL plus adjustments
10
11
GASB 68 Meanshellip New disclosures for employers
Now required to recognize and reporthellipbull proportionate share of the Planrsquos collective Net Pension Liabilitybull proportionate share of the Planrsquos pension expensebull Proportionate share of the Planrsquos deferred inflows and outflowsThese will be reported with a one-year lag
Now required to addhellipbull More disclosure notes discount rate measurement assumptions
deferred flowsbull Required Supplementary Information Schedules of net pension
liability over 10 years contributions and related ratios
12
What are ERBrsquos Options
Implementation Level Benefits Issues to Resolve1 Bargain Basement
Implement only GASB 67bull Low cost to ERB bull Employers uninformed
unstaffed for reportingbull Public image problems
2 Middle of the RoadProvide proportionate share schedules for Net Pension Liability pension expense amp deferred inflows outflows
bull NMERB meets employers halfway
bull NMERB minimizes audit responsibility
bull Member data is supplied by members
bull Who audits the allocation schedule
bull Employers still face new reporting challenges
3 Full Service PlanPrepare and disclose all calculations and disclosuresfor employers
bull Reduce employer work
bull Plan takes on more work
13
How to maximize ERBrsquos service today
bull Increase Communicationbull Leverage existing ERB website and employer portal
bull Email blasts to Employer accounting personnel bull Fact Sheet Handouts sample reporting examples newslettersbull Compliance Auditor (desk amp field audits)bull Meet with Employers in regional meetings across New Mexicobull Meet with State Auditor Public Education Department Higher
Education Departmentbull Share Real Information
bull Provide audited GASB 68 report and Required Supplementary Information to all employersbull Employer contribution reconciliationsbull Allocation schedules (Net Pension Liability Contributions
How ERB Will Help Employers with GASB 68 Disclosures
In FY15 ERB will provide all employers this audited informationbull Each employerrsquos share of the Net Pension Liability and change from
prior period (Pension Expense)bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries prior period adjustment for
NPL and language for financial statement disclosures may require customization
In FY16 and future years ERB will provide all employers this audited information
bull Each employerrsquos share of the change in Net Pension Liability (Pension Expense)
bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries and language for financial
statement disclosures may require customization
15
16
ERBrsquos Implementation Plan
bull Produce annual audited schedules engaging ERBrsquos actuary and auditor to provide an opinion onbull Employer Allocationsbull Collective Pension Amounts and Required Supplementary
Informationbull Schedules include detail information for employers financials
bull ERB will comply with AICPA best practices that will allow the employerrsquos auditor to rely on ERBrsquos auditorrsquos opinion on proportionate shares
bull Employers have responsibility to report accurate census data to ERBbull Employers assume responsibility for presentation of the information
used in their own financial statements
17
New Mexico Educational Retirement BoardSchedule of Collective Pension AmountsAs of and for the year ended June 30 2014
Net Pension Liability (775 Discount) 5705730813$ Net Pension Liability -- 100 Decrease (675 Discount) 7763304829$ Net Pension Liability -- 100 Increase (875 Discount) 3987098791$
Deferred Outflows of ResourcesDifferences Between Expected and Actual Experience 0$ Net Difference Between Projected and Actual Investment Earnings on Plan 0Changes in Assumptions 0Total Deferred Outflows of Resources Excluding Employer-Specific Amounts 0$
Deferred Inflows of ResourcesDifferences Between Expected and Actual Experience 84995487$ Net Difference Between Projected and Actual Investment Earnings on Plan Investments 518677364Changes inf Assumptions 0Total Deferred Inflows of Resources Excluding Employer-Specific Amounts 603672851$
Pension Plan Expense 395014052$
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
ERBrsquos GASB 68 Collective Amounts
68_Collective Info
68_Shares
18
19
20
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Notes to Financial StatementsSummary of Significant Accounting Policies Basis of Accounting For purposes of
measuring the net pension liability deferred outflows of resources and deferred inflows of resources related to pensions and pension expense information about the fiduciary net position of the ERB and additions todeductions from ERBrsquos fiduciary net position have been determined on the same basis as they are reported by ERB Plan For this purpose benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms Investments are reported at fair value
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense At June 30 2015 the University of ABC (UABC) reported a liability of $14910 for its proportionate share of the net pension liability The net pension liability was measured as of June 30 2015 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as June 30 2014 UABCrsquos proportion of the net pension liability was based on UABCrsquos contributions to ERB for the year ending June 30 2015 relative to the total contribution for all employers participating in ERB a projection of the long-term share of contributions to the pension plan relative to projected contributions of all participating school districts actuarially determined At June 30 2015 UABCrsquos proportion was XX percent which was an increase of XX percent from its proportion measured as of June 30 2014
Sample Employer GASB 68 Disclosures
21
Sample Employer GASB 68 Disclosureshellipcont
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense (Cont)For the year ended June 30 2015 UABC recognized pension expense of $2394 At June 30 2015 reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources
Payable to the Pension Plan At June 30 2015 UABC reported a payable of $5432 for the outstanding contributions to the pension plan required for the year ended June 30 2015
Deferred Outflowsof Resources
Deferred Inflowsof Resources
Differences between expected and actual experience $ 2657 $ 142
Changes of assumptions 1714 130
Net difference between projected and actual earnings on pension plan investments
- 2194
Changes in proportion and differences between UABC contributions and proportionate share of contributions
753 156
UABC contributions subsequent to the measurement date 1065 -
Total $ 6189 $ 2622
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Questions
22
Appendix A page 1ERB Actuarials at a Glance
23
Fiscal Year 63012 63013 63014 63014GASB 67
UAAL $62B $65B $63B $57B
Funded Ratio 607 601 631 669
Funding Period Infinite 951 years 421 years Not applicable
Funding Policy
Contribution1759 1747 1632 Not applicable
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
New Mexico Educational Retirement Board
Deferred Outflows
Deferred Inflows
Schedule of Employer-Specific Pension Amounts
of Resources
of Resources
Pension Expense
Subsequent Recognition of Deferred Amounts
As of and for the year ended June 30 2014
Net Amortization
of Deferred
Amounts from
Changes in
Changes in
Changes in
Proportion
Proportion
Proportion
and Differences
and Differences
and Differences
Between
Between
Between
Employer
Employer
Employer
Contributions
Contributions
Contributions
and Proportionate
and Proportionate
and Proportionate
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Net Pension Liability
Share of
Share of
Share of
Ending
Ending
Ending
Ending
Ending
ER Code
Employer Name
Contribution
Employer Allocation Percentage
(775 Discount)
Contributions
Contributions
Contributions
2015
2016
2017
2018
2019
Thereafter
01001
POJOAQUE VALLEY SCHOOLS
130138115
03590388
20485787
- 0
- 0
- 0
(571524)
(571524)
(558809)
(465563)
- 0
- 0
01002
SANTA FE PUBLIC SCHOOLS
903846552
24936275
142279673
- 0
- 0
- 0
(3969398)
(3969398)
(3881086)
(3233470)
- 0
- 0
01003
SANTA FE COMMUNITY COLLEGE
285623563
07880085
44961644
- 0
- 0
- 0
(1254365)
(1254365)
(1226458)
(1021805)
- 0
- 0
01094
NEW MEXICO SCHOOL FOR THE DEAF
55303678
01525776
8705667
- 0
- 0
- 0
(242876)
(242876)
(237472)
(197846)
- 0
- 0
01301
THE ACADEMY FOR TECHNOLOGY amp THE CLASSICS
22265370
00614281
3504922
- 0
- 0
- 0
(97782)
(97782)
(95607)
(79653)
- 0
- 0
01306
MONTE DEL SOL CHARTER SCHOOL
27346513
00754465
4304774
- 0
- 0
- 0
(120097)
(120097)
(117425)
(97831)
- 0
- 0
01315
TURQUOISE TRAIL CHARTER SCHOOL
29690099
00819122
4673690
- 0
- 0
- 0
(130389)
(130389)
(127488)
(106215)
- 0
- 0
01341
STATE OF NEW MEXICO
121504115
03352184
19126660
- 0
- 0
- 0
(533606)
(533606)
(521735)
(434675)
- 0
- 0
01343
TIERRA ENCANTADA CHARTER SCHOOL
18916878
00521899
2977815
- 0
- 0
- 0
(83077)
(83077)
(81228)
(67674)
- 0
- 0
01398
THE MASTERS PROGRAM
11557405
00318858
1819318
- 0
- 0
- 0
(50756)
(50756)
(49627)
(41346)
- 0
- 0
01416
NEW MEXICO SCHOOL FOR THE ARTS
14899946
00411075
2345483
- 0
- 0
- 0
(65436)
(65436)
(63980)
(53304)
- 0
- 0
01418
New Mexico Connections Academy
10201256
00281443
1605838
- 0
- 0
- 0
(44801)
(44801)
(43804)
(36495)
- 0
- 0
02003
ALBUQUERQUE PUBLIC SCHOOLS
6164408173
170070218
970374883
- 0
- 0
- 0
(27072060)
(27072060)
(26469760)
(22052893)
- 0
- 0
02095
UNIVERSITY OF NEW MEXICO
5918270140
163279499
931628869
- 0
- 0
- 0
(25991102)
(25991102)
(25412851)
(21172345)
- 0
- 0
02123
CENTRAL NEW MEXICO COMMUNITY COLLEGE
965367901
26633591
151964101
- 0
- 0
- 0
(4239579)
(4239579)
(4145257)
(3453560)
- 0
- 0
02148
NEW MEXICO ACTIVITIES ASSOCIATION
13674332
00377262
2152555
- 0
- 0
- 0
(60053)
(60053)
(58717)
(48919)
- 0
- 0
02150
CENTRAL REGIONAL EDUCATION COOP
32918525
00908191
5181893
- 0
- 0
- 0
(144567)
(144567)
(141351)
(117765)
- 0
- 0
02295
UNIVERSITY HOSPITALS
38915116
01073631
6125849
- 0
- 0
- 0
(170902)
(170902)
(167100)
(139217)
- 0
- 0
02303
AMY BIEHL HIGH SCHOOL
24086383
00664521
3791578
- 0
- 0
- 0
(105780)
(105780)
(103426)
(86168)
- 0
- 0
02304
EAST MOUNTAIN HIGH SCHOOL
24508244
00676159
3857981
- 0
- 0
- 0
(107632)
(107632)
(105238)
(87677)
- 0
- 0
02308
TWENTY-FIRST CENTURY PUBLIC ACADEMY
10638203
00293498
1674621
- 0
- 0
- 0
(46720)
(46720)
(45680)
(38058)
- 0
- 0
02309
SOUTH VALLEY ACADEMY
27055891
00746447
4259026
- 0
- 0
- 0
(118821)
(118821)
(116177)
(96791)
- 0
- 0
02310
SOUTHWEST SECONDARY LEARNING CENTER
12754266
00351878
2007721
- 0
- 0
- 0
(56013)
(56013)
(54766)
(45628)
- 0
- 0
02311
NUESTROS VALORES CHARTER SCHOOL
8467810
00233619
1332967
- 0
- 0
- 0
(37188)
(37188)
(36361)
(30293)
- 0
- 0
02313
ROOTS AND WINGS COMMUNITY SCHOOL
3195446
00088159
503012
- 0
- 0
- 0
(14033)
(14033)
(13721)
(11432)
- 0
- 0
02314
THE LEARNING COMMUNITY CHARTER
12127601
00334589
1909075
- 0
- 0
- 0
(53260)
(53260)
(52075)
(43386)
- 0
- 0
02318
ROBERT F KENNEDY CHARTER SCHOOL
19636783
00541760
3091137
- 0
- 0
- 0
(86238)
(86238)
(84320)
(70250)
- 0
- 0
02320
PUBLIC ACADEMY FOR PERFORMING ARTS
22952684
00633243
3613114
- 0
- 0
- 0
(100801)
(100801)
(98558)
(82112)
- 0
- 0
02322
LOS PUENTES CHARTER SCHOOL
15963339
00440413
2512878
- 0
- 0
- 0
(70106)
(70106)
(68546)
(57108)
- 0
- 0
02323
EL CAMINO REAL ACADEMY
25600416
00706291
4029906
- 0
- 0
- 0
(112429)
(112429)
(109927)
(91584)
- 0
- 0
02327
HORIZON ACADEMY WEST
22209646
00612743
3496147
- 0
- 0
- 0
(97537)
(97537)
(95367)
(79454)
- 0
- 0
02328
NORTH VALLEY ACADEMY
21177733
00584274
3333710
- 0
- 0
- 0
(93006)
(93006)
(90937)
(75762)
- 0
- 0
02329
LA ACADEMIA DE ESPERANZA
32216102
00888812
5071322
- 0
- 0
- 0
(141483)
(141483)
(138335)
(115252)
- 0
- 0
02331
LA ACADEMIA DE LENGUA Y CULTURA
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02334
MONTESSORI OF THE RIO GRANDE CHARTER SCHOOL
13170269
00363355
2073206
- 0
- 0
- 0
(57839)
(57839)
(56553)
(47116)
- 0
- 0
02336
CESAR CHAVEZ COMMUNITY SCHOOL
13344118
00368152
2100576
- 0
- 0
- 0
(58603)
(58603)
(57299)
(47738)
- 0
- 0
02338
CREATIVE EDUCATION PREPARATORY INSTITUTE 1
13923018
00384123
2191702
- 0
- 0
- 0
(61145)
(61145)
(59785)
(49809)
- 0
- 0
02339
GILBERT L SENA CHARTER HIGH SCHOOL
13971841
00385470
2199388
- 0
- 0
- 0
(61360)
(61360)
(59995)
(49984)
- 0
- 0
02340
SCHOOL FOR INTEGRATED ACADEMICS amp TECHNOLOGIES
17385947
00479662
2736822
- 0
- 0
- 0
(76353)
(76353)
(74655)
(62197)
- 0
- 0
02341
ALB INSTITUTE FOR MATH AND SCIENCE UNM
17455816
00481590
2747823
- 0
- 0
- 0
(76660)
(76660)
(74955)
(62447)
- 0
- 0
02342
MOUNTAIN MAHOGONY COMMUNITY
11336352
00312759
1784519
- 0
- 0
- 0
(49785)
(49785)
(48678)
(40555)
- 0
- 0
02343
LA PROMESA EARLY LEARNING
22284215
00614801
3507889
- 0
- 0
- 0
(97865)
(97865)
(95688)
(79721)
- 0
- 0
02344
ACADEMY OF TRADES AND TECHNOLOGY (YOUTH BUILD CO)
9306534
00256759
1464998
- 0
- 0
- 0
(40871)
(40871)
(39962)
(33294)
- 0
- 0
02345
SOUTHWEST INTERMEDIATE LEARNING CTR (LA LUZ DEL M)
6003345
00165627
945023
- 0
- 0
- 0
(26365)
(26365)
(25778)
(21477)
- 0
- 0
02346
SOUTHWEST PRIMARY LEARNING CENTER
6508031
00179550
1024464
- 0
- 0
- 0
(28581)
(28581)
(27945)
(23282)
- 0
- 0
02350
DIGITAL ARTS AND TECHNOLOGY ACADEMY
18276643
00504235
2877029
- 0
- 0
- 0
(80265)
(80265)
(78479)
(65384)
- 0
- 0
02351
THE MONTESSORI ELEMENTARY SCHOOL
15956095
00440214
2511743
- 0
- 0
- 0
(70074)
(70074)
(68515)
(57082)
- 0
- 0
02353
CHRISTINE DUNCANS HERITAGE ACADEMY
11567894
00319147
1820967
- 0
- 0
- 0
(50802)
(50802)
(49672)
(41384)
- 0
- 0
02354
NATIVE AMERICAN COMMUNITY ACADEMY
24618203
00679193
3875292
- 0
- 0
- 0
(108115)
(108115)
(105710)
(88071)
- 0
- 0
02355
RALPH J BUNCHE ACADEMY
5170362
00142645
813894
- 0
- 0
- 0
(22706)
(22706)
(22201)
(18497)
- 0
- 0
02356
ALICE KING COMMUNITY SCHOOL(N ALB COOP C C)
15945481
00439921
2510071
- 0
- 0
- 0
(70027)
(70027)
(68469)
(57044)
- 0
- 0
02357
LA RESOLANA LEADERSHIP ACADEMY
5266902
00145309
829094
- 0
- 0
- 0
(23131)
(23131)
(22616)
(18842)
- 0
- 0
02358
VILLAGE ACADEMY CHARTER SCHOOL
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02360
BATAAN MILITARY ACADEMY
9938807
00274202
1564523
- 0
- 0
- 0
(43648)
(43648)
(42677)
(35556)
- 0
- 0
02361
ALBUQUERQUE TALENT DEVELOPMENT SECONDARY CHARTER
11434102
00315456
1799907
- 0
- 0
- 0
(50215)
(50215)
(49098)
(40905)
- 0
- 0
02362
GORDON BERNELL CHARTER SCHOOL
32236740
00889381
5074569
- 0
- 0
- 0
(141573)
(141573)
(138423)
(115325)
- 0
- 0
02363
CORRALES INTERNATIONAL SCHOOL
17491523
00482575
2753443
- 0
- 0
- 0
(76817)
(76817)
(75108)
(62575)
- 0
- 0
02364
COTTONWOOD CLASSICAL PREP SCHOOL
27174715
00749725
4277729
- 0
- 0
- 0
(119342)
(119342)
(116687)
(97216)
- 0
- 0
02365
MEDIA ARTS COLLABORATIVE CHARTER SCHOOL
12988950
00358353
2044666
- 0
- 0
- 0
(57043)
(57043)
(55774)
(46467)
- 0
- 0
02366
THE NEW AMERICA SCHOOL
15162026
00418306
2386741
- 0
- 0
- 0
(66587)
(66587)
(65105)
(54241)
- 0
- 0
02367
CIEN AGUAS INTERNATIONAL SCHOOL
16645455
00459232
2620254
- 0
- 0
- 0
(73101)
(73101)
(71475)
(59548)
- 0
- 0
02368
THE INTERNATIONAL SCH AT MESA DEL SOL
15953529
00440143
2511337
- 0
- 0
- 0
(70063)
(70063)
(68504)
(57073)
- 0
- 0
02370
TIERRA ADENTRO OF NEW MEXICO
14574532
00402098
2294263
- 0
- 0
- 0
(64007)
(64007)
(62583)
(52140)
- 0
- 0
02390
ACE LEADERSHIP HIGH SCHOOL
21477933
00592556
3380965
- 0
- 0
- 0
(94324)
(94324)
(92226)
(76836)
- 0
- 0
02396
SOUTH VALLEY PREPARATORY SCHOOL
9352262
00258020
1472193
- 0
- 0
- 0
(41072)
(41072)
(40158)
(33457)
- 0
- 0
02402
ALBUQUERQUE SIGN LANGUAGE ACADEMY
12136863
00334845
1910535
- 0
- 0
- 0
(53301)
(53301)
(52115)
(43419)
- 0
- 0
02412
ALBUQUERQUE SCHOOL OF EXCELLENCE
12941978
00357057
2037271
- 0
- 0
- 0
(56837)
(56837)
(55572)
(46299)
- 0
- 0
02413
THE GREAT ACADEMY
9104631
00251188
1433211
- 0
- 0
- 0
(39985)
(39985)
(39095)
(32571)
- 0
- 0
02414
THE NEW MEXICO INTERNATIONAL SCHOOL
9093315
00250876
1431431
- 0
- 0
- 0
(39935)
(39935)
(39046)
(32531)
- 0
- 0
02417
WILLIAM W amp JOSEPHINE DORN CHARTER COMMUNITY SCHOO
2499702
00068964
393490
- 0
- 0
- 0
(10978)
(10978)
(10734)
(8943)
- 0
- 0
02418
SAGE MONTESSORI CHARTER SCHOOL
7486288
00206540
1178462
- 0
- 0
- 0
(32877)
(32877)
(32146)
(26782)
- 0
- 0
02420
SOUTHWEST AERONAUTICS MATH amp SCIENCE ACADEMY
9312685
00256928
1465962
- 0
- 0
- 0
(40898)
(40898)
(39988)
(33316)
- 0
- 0
02421
CORAL COMMUNITY CHARTER SCHOOL
5518744
00152257
868737
- 0
- 0
- 0
(24237)
(24237)
(23697)
(19743)
- 0
- 0
02425
MISSION ACHIEVEMENT AND SUCCESS CHARTER SCHOOL
15952839
00440124
2511229
- 0
- 0
- 0
(70060)
(70060)
(68501)
(57071)
- 0
- 0
02430
Health Leadership Community School
9697716
00267551
1526574
- 0
- 0
- 0
(42589)
(42589)
(41642)
(34693)
- 0
- 0
03004
ARTESIA PUBLIC SCHOOLS
249203786
06875298
39228600
- 0
- 0
- 0
(1094421)
(1094421)
(1070073)
(891515)
- 0
- 0
03005
CARLSBAD MUNICIPAL SCHOOLS
457710863
12627812
72050896
- 0
- 0
- 0
(2010116)
(2010116)
(1965395)
(1637440)
- 0
- 0
03006
LOVING MUNICIPAL SCHOOLS
45366532
01251620
7141407
- 0
- 0
- 0
(199235)
(199235)
(194802)
(162297)
- 0
- 0
03321
JEFFERSON MONTESSORI ACADEMY
14230129
00392596
2240047
- 0
- 0
- 0
(62494)
(62494)
(61104)
(50908)
- 0
- 0
04008
DEXTER CONSOLIDATED SCHOOLS
74126962
02045093
11668750
- 0
- 0
- 0
(325541)
(325541)
(318299)
(265186)
- 0
- 0
04009
HAGERMAN MUNICIPAL SCHOOLS
35432505
00977549
5577631
- 0
- 0
- 0
(155608)
(155608)
(152146)
(126758)
- 0
- 0
04010
LAKE ARTHUR MUNICIPAL SCHOOLS
13637822
00376255
2146810
- 0
- 0
- 0
(59893)
(59893)
(58560)
(48789)
- 0
- 0
04011
ROSWELL INDEPENDENT SCHOOLS
615946152
16993374
96959618
- 0
- 0
- 0
(2705034)
(2705034)
(2644852)
(2203520)
- 0
- 0
04097
NEW MEXICO MILITARY INSTITUTE
168542271
04649923
26531209
- 0
- 0
- 0
(740182)
(740182)
(723715)
(602952)
- 0
- 0
04317
SIDNEY GUTIERREZ MIDDLE SCHOOL
4080477
00112577
642334
- 0
- 0
- 0
(17920)
(17920)
(17522)
(14598)
- 0
- 0
05011
CLOVIS COMMUNITY COLLEGE
91114505
02513763
14342855
- 0
- 0
- 0
(400145)
(400145)
(391243)
(325958)
- 0
- 0
05012
CLOVIS MUNICIPAL SCHOOLS
529906737
14619628
83415662
- 0
- 0
- 0
(2327177)
(2327177)
(2275402)
(1895717)
- 0
- 0
05013
GRADY MUNICIPAL SCHOOLS
13422095
00370303
2112849
- 0
- 0
- 0
(58945)
(58945)
(57634)
(48017)
- 0
- 0
05014
MELROSE SCHOOLS
20092869
00554343
3162932
- 0
- 0
- 0
(88241)
(88241)
(86278)
(71881)
- 0
- 0
05015
TEXICO MUNICIPAL SCHOOLS
46844881
01292406
7374121
- 0
- 0
- 0
(205727)
(205727)
(201150)
(167585)
- 0
- 0
05016
REGIONAL EDUCATIONAL CENTER 6
8833229
00243700
1390487
- 0
- 0
- 0
(38793)
(38793)
(37930)
(31600)
- 0
- 0
06016
EUNICE PUBLIC SCHOOLS
47356967
01306534
7454731
- 0
- 0
- 0
(207976)
(207976)
(203349)
(169417)
- 0
- 0
06017
HOBBS MUNICIPAL SCHOOLS
528484026
14580377
83191706
- 0
- 0
- 0
(2320929)
(2320929)
(2269293)
(1890628)
- 0
- 0
06018
JAL PUBLIC SCHOOLS
34332805
00947210
5404525
- 0
- 0
- 0
(150778)
(150778)
(147424)
(122824)
- 0
- 0
06019
LOVINGTON MUNICIPAL SCHOOLS
228661774
06308563
35994962
- 0
- 0
- 0
(1004208)
(1004208)
(981866)
(818027)
- 0
- 0
06020
TATUM MUNICIPAL SCHOOLS
32371140
00893089
5095725
- 0
- 0
- 0
(142163)
(142163)
(139001)
(115806)
- 0
- 0
06124
NEW MEXICO JUNIOR COLLEGE
143512547
03959376
22591134
- 0
- 0
- 0
(630260)
(630260)
(616238)
(513410)
- 0
- 0
06150
REGIONAL EDUCATIONAL COOP 7
2672852
00073741
420746
- 0
- 0
- 0
(11738)
(11738)
(11477)
(9562)
- 0
- 0
07021
GADSDEN INDEPENDENT SCHOOLS
954445594
26332255
150244759
- 0
- 0
- 0
(4191612)
(4191612)
(4098357)
(3414486)
- 0
- 0
07022
HATCH VALLEY PUBLIC SCHOOLS
101411144
02797838
15963710
- 0
- 0
- 0
(445365)
(445365)
(435456)
(362794)
- 0
- 0
07023
LAS CRUCES PUBLIC SCHOOLS
1700239556
46908008
267644467
- 0
- 0
- 0
(7466895)
(7466895)
(7300771)
(6082530)
- 0
- 0
07098
NEW MEXICO STATE UNIVERSITY
2740590573
75610313
431412093
- 0
- 0
- 0
(12035775)
(12035775)
(11768003)
(9804339)
- 0
- 0
07335
ALMA DARTE CHARTER HIGH SCHOOL
14804322
00408437
2330432
- 0
- 0
- 0
(65016)
(65016)
(63569)
(52962)
- 0
- 0
07337
LA ACADEMIA DOLORES HUERTA
9581137
00264335
1508224
- 0
- 0
- 0
(42077)
(42077)
(41141)
(34276)
- 0
- 0
07338
LAS MONTANAS CHARTER HIGH SCHOOL
14737236
00406586
2319870
- 0
- 0
- 0
(64721)
(64721)
(63281)
(52722)
- 0
- 0
07339
ANTHONY CHARTER SCHOOL
5217470
00143945
821311
- 0
- 0
- 0
(22913)
(22913)
(22404)
(18665)
- 0
- 0
07420
J PAUL TAYLOR ACADEMY
10921121
00301303
1719154
- 0
- 0
- 0
(47962)
(47962)
(46895)
(39070)
- 0
- 0
07421
NEW AMERICA SCHOOL-LAS CRUCES
12850101
00354522
2022807
- 0
- 0
- 0
(56433)
(56433)
(55178)
(45971)
- 0
- 0
08024
COBRE CONSOLIDATED SCHOOLS
107900060
02976861
16985168
- 0
- 0
- 0
(473862)
(473862)
(463319)
(386008)
- 0
- 0
08026
SILVER CONSOLIDATED SCHOOLS
223923812
06177847
35249132
- 0
- 0
- 0
(983400)
(983400)
(961521)
(801077)
- 0
- 0
08099
WESTERN NEW MEXICO UNIVERSITY
228493287
06303915
35968442
- 0
- 0
- 0
(1003468)
(1003468)
(981142)
(817424)
- 0
- 0
08347
ALDO LEOPOLD HIGH SCHOOL
11975600
00330396
1885151
- 0
- 0
- 0
(52593)
(52593)
(51423)
(42842)
- 0
- 0
09027
CIMARRON MUNICIPAL SCHOOLS
33888261
00934945
5334544
- 0
- 0
- 0
(148826)
(148826)
(145515)
(121234)
- 0
- 0
09028
MAXWELL MUNICIPAL SCHOOLS
15196104
00419246
2392105
- 0
- 0
- 0
(66736)
(66736)
(65252)
(54363)
- 0
- 0
09029
RATON PUBLIC SCHOOLS
80720720
02227009
12706714
- 0
- 0
- 0
(354499)
(354499)
(346612)
(288775)
- 0
- 0
09030
SPRINGER MUNICIPAL SCHOOLS
19298679
00532432
3037914
- 0
- 0
- 0
(84753)
(84753)
(82868)
(69040)
- 0
- 0
09150
HIGH PLAINS REGIONAL EDUCATIONAL COOP 3
12699970
00350380
1999174
- 0
- 0
- 0
(55774)
(55774)
(54533)
(45434)
- 0
- 0
09324
MORENO VALLEY HIGH SCHOOL
7446232
00205435
1172157
- 0
- 0
- 0
(32701)
(32701)
(31974)
(26639)
- 0
- 0
10032
SAN JON SCHOOLS
14631539
00403670
2303232
- 0
- 0
- 0
(64257)
(64257)
(62827)
(52344)
- 0
- 0
10033
TUCUMCARI PUBLIC SCHOOLS
74492978
02055191
11726367
- 0
- 0
- 0
(327149)
(327149)
(319870)
(266495)
- 0
- 0
10119
HOUSE MUNICIPAL SCHOOLS
14003541
00386345
2204381
- 0
- 0
- 0
(61499)
(61499)
(60131)
(50097)
- 0
- 0
10120
LOGAN MUNICIPAL SCHOOLS
25199979
00695244
3966875
- 0
- 0
- 0
(110670)
(110670)
(108208)
(90152)
- 0
- 0
10141
MESALANDS COMMUNITY COLLEGE
35425739
00977363
5576570
- 0
- 0
- 0
(155578)
(155578)
(152117)
(126734)
- 0
- 0
11034
ELIDA MUNICIPAL SCHOOLS
14152846
00390464
2227882
- 0
- 0
- 0
(62155)
(62155)
(60772)
(50631)
- 0
- 0
11035
PORTALES MUNICIPAL SCHOOLS
202486725
05586418
31874597
- 0
- 0
- 0
(889255)
(889255)
(869471)
(724387)
- 0
- 0
11101
EASTERN NEW MEXICO UNIVERSITY - PORTALES
321726936
08876143
50644883
- 0
- 0
- 0
(1412919)
(1412919)
(1381485)
(1150964)
- 0
- 0
11102
EASTERN NM UNIVERSITY - ROSWELL
132681232
03660550
20886113
- 0
- 0
- 0
(582692)
(582692)
(569729)
(474661)
- 0
- 0
11117
DORA CONSOLIDATED SCHOOLS
23215804
00640502
3654532
- 0
- 0
- 0
(101956)
(101956)
(99688)
(83053)
- 0
- 0
11118
FLOYD MUNICIPAL SCHOOLS
22040516
00608077
3469524
- 0
- 0
- 0
(96795)
(96795)
(94641)
(78849)
- 0
- 0
12037
LAS VEGAS CITY SCHOOLS
125424467
03460343
19743786
- 0
- 0
- 0
(550823)
(550823)
(538568)
(448700)
- 0
- 0
12038
WEST LAS VEGAS SCHOOLS
135571770
03740297
21341128
- 0
- 0
- 0
(595387)
(595387)
(582141)
(485002)
- 0
- 0
12039
PECOS INDEPENDENT SCHOOLS
57989889
01599886
9128519
- 0
- 0
- 0
(254673)
(254673)
(249007)
(207456)
- 0
- 0
12102
NEW MEXICO HIGHLANDS UNIVERSITY
293679047
08102328
46229703
- 0
- 0
- 0
(1289742)
(1289742)
(1261048)
(1050624)
- 0
- 0
12128
LUNA COMMUNITY COLLEGE
77802974
02146511
12247414
- 0
- 0
- 0
(341685)
(341685)
(334083)
(278337)
- 0
- 0
12150
PECOS VALLEY REC 8
6405772
00176729
1008368
- 0
- 0
- 0
(28132)
(28132)
(27506)
(22916)
- 0
- 0
12151
NORTHEAST REGIONAL EDUCATION COOP
7566786
00208760
1191128
- 0
- 0
- 0
(33231)
(33231)
(32491)
(27070)
- 0
- 0
13041
GALLUP MCKINLEY COUNTY SCHOOLS
874308315
24121343
137629890
- 0
- 0
- 0
(3839676)
(3839676)
(3754250)
(3127799)
- 0
- 0
13142
ZUNI PUBLIC SCHOOLS
130100988
03589364
20479945
- 0
- 0
- 0
(571361)
(571361)
(558649)
(465430)
- 0
- 0
13369
MIDDLE COLLEGE HIGH SCHOOL
5022305
00138561
790592
- 0
- 0
- 0
(22056)
(22056)
(21566)
(17967)
- 0
- 0
13430
UPLIFT COMMUNITY SCHOOL
8929543
00246358
1405652
- 0
- 0
- 0
(39216)
(39216)
(38343)
(31945)
- 0
- 0
14043
BELEN CONSOLIDATED SCHOOLS
282020844
07780689
44394517
- 0
- 0
- 0
(1238543)
(1238543)
(1210988)
(1008917)
- 0
- 0
14044
GRANTS-CIBOLA COUNTY SCHOOLS
270364497
07459102
42559628
- 0
- 0
- 0
(1187352)
(1187352)
(1160936)
(967217)
- 0
- 0
14045
LOS LUNAS SCHOOLS
516619864
14253055
81324095
- 0
- 0
- 0
(2268825)
(2268825)
(2218348)
(1848184)
- 0
- 0
14366
SCHOOL OF DREAMS ACADEMY
16804216
00463612
2645245
- 0
- 0
- 0
(73799)
(73799)
(72157)
(60116)
- 0
- 0
15046
ALAMOGORDO PUBLIC SCHOOLS
369877443
10204570
58224529
- 0
- 0
- 0
(1624380)
(1624380)
(1588241)
(1323220)
- 0
- 0
15047
CLOUDCROFT MUNICIPAL SCHOOLS
30771554
00848958
4843926
- 0
- 0
- 0
(135139)
(135139)
(132132)
(110084)
- 0
- 0
15049
TULAROSA MUNICIPAL SCHOOLS
68396924
01887007
10766754
- 0
- 0
- 0
(300377)
(300377)
(293694)
(244687)
- 0
- 0
15104
NEW MEXICO SCHOOL FT BLIND amp VISUALLY IMPAIRED
79976142
02206466
12589501
- 0
- 0
- 0
(351229)
(351229)
(343415)
(286111)
- 0
- 0
16050
AZTEC MUNICIPAL SCHOOLS
187894163
05183823
29577499
- 0
- 0
- 0
(825170)
(825170)
(806811)
(672183)
- 0
- 0
16051
BLOOMFIELD SCHOOLS
209183372
05771172
32928754
- 0
- 0
- 0
(918665)
(918665)
(898226)
(748344)
- 0
- 0
16052
FARMINGTON MUNICIPAL SCHOOLS
709808631
19582952
111735053
- 0
- 0
- 0
(3117247)
(3117247)
(3047894)
(2539308)
- 0
- 0
16053
CENTRAL CONSOLIDATED SCHOOLS
497242938
13718464
78273863
- 0
- 0
- 0
(2183728)
(2183728)
(2135144)
(1778864)
- 0
- 0
16155
SAN JUAN COLLEGE
372723272
10283084
58672509
- 0
- 0
- 0
(1636878)
(1636878)
(1600461)
(1333401)
- 0
- 0
16356
MOSAIC ACADEMY CHARTER
10488019
00289355
1650982
- 0
- 0
- 0
(46060)
(46060)
(45035)
(37520)
- 0
- 0
16357
CARINOS CHARTER SCHOOL
17209176
00474785
2708995
- 0
- 0
- 0
(75577)
(75577)
(73896)
(61565)
- 0
- 0
16358
NEW MEXICO VIRTUAL ACADEMY
8945064
00246786
1408094
- 0
- 0
- 0
(39284)
(39284)
(38410)
(32001)
- 0
- 0
17054
ESPANOLA PUBLIC SCHOOLS
260245590
07179931
40966754
- 0
- 0
- 0
(1142913)
(1142913)
(1117486)
(931017)
- 0
- 0
17105
NORTHERN NEW MEXICO COLLEGE
128311258
03539987
20198213
- 0
- 0
- 0
(563501)
(563501)
(550964)
(459028)
- 0
- 0
17115
DULCE INDEPENDENT SCHOOLS
63542017
01753064
10002511
- 0
- 0
- 0
(279056)
(279056)
(272847)
(227319)
- 0
- 0
17126
CHAMA VALLEY SCHOOLS
41127543
01134670
6474122
- 0
- 0
- 0
(180619)
(180619)
(176600)
(147132)
- 0
- 0
17127
MESA VISTA CONSOLIDATED SCHOOLS
36319862
01002031
5717319
- 0
- 0
- 0
(159505)
(159505)
(155956)
(129933)
- 0
- 0
17334
LINDRITH AREA HERITAGE SCHOOL
1999722
00055170
314785
- 0
- 0
- 0
(8782)
(8782)
(8587)
(7154)
- 0
- 0
17424
MC CURDY CHARTER SCHOOL
26341385
00726734
4146549
- 0
- 0
- 0
(115683)
(115683)
(113109)
(94235)
- 0
- 0
17425
LA TIERRA MONTESSORI SCHOOL
3636882
00100338
572502
- 0
- 0
- 0
(15972)
(15972)
(15617)
(13011)
- 0
- 0
18056
CLAYTON MUNICIPAL SCHOOLS
41375879
01141522
6513217
- 0
- 0
- 0
(181709)
(181709)
(177667)
(148020)
- 0
- 0
18057
DES MOINES MUNICIPAL SCHOOLS
12824909
00353827
2018842
- 0
- 0
- 0
(56323)
(56323)
(55070)
(45881)
- 0
- 0
19059
DEMING PUBLIC SCHOOLS
358423873
09888577
56421558
- 0
- 0
- 0
(1574080)
(1574080)
(1539060)
(1282245)
- 0
- 0
19301
DEMING CESAR CHAVEZ CHARTER HIGH SCHOOL
10654211
00293940
1677143
- 0
- 0
- 0
(46790)
(46790)
(45749)
(38115)
- 0
- 0
20060
PENASCO INDEPENDENT SCHOOLS
43124424
01189762
6788462
- 0
- 0
- 0
(189388)
(189388)
(185175)
(154276)
- 0
- 0
20062
TAOS MUNICIPAL SCHOOLS
185250055
05110875
29161277
- 0
- 0
- 0
(813558)
(813558)
(795458)
(662724)
- 0
- 0
20125
QUESTA INDEPENDENT SCHOOLS
53837543
01485327
8474876
- 0
- 0
- 0
(236437)
(236437)
(231177)
(192601)
- 0
- 0
20265
TAOS ACADEMY CHARTER SCHOOL
11325900
00312471
1782875
- 0
- 0
- 0
(49740)
(49740)
(48633)
(40518)
- 0
- 0
20266
La Jicarita Community School
2194276
00060538
345414
- 0
- 0
- 0
(9637)
(9637)
(9422)
(7850)
- 0
- 0
20307
TAOS CHARTER SCHOOL
10997820
00303419
1731227
- 0
- 0
- 0
(48299)
(48299)
(47224)
(39344)
- 0
- 0
20312
RED RIVER VALLEY CHARTER SCHOOLS
4685520
00129269
737574
- 0
- 0
- 0
(20577)
(20577)
(20119)
(16762)
- 0
- 0
20316
ANANSI CHARTER SCHOOL
8137027
00224493
1280897
- 0
- 0
- 0
(35735)
(35735)
(34940)
(29110)
- 0
- 0
20317
VISTA GRANDE HIGH SCHOOL
6300504
00173825
991799
- 0
- 0
- 0
(27670)
(27670)
(27054)
(22540)
- 0
- 0
20415
TAOS INTEGRATED SCHOOL OF THE ARTS
6209169
00171305
977420
- 0
- 0
- 0
(27269)
(27269)
(26662)
(22213)
- 0
- 0
21063
TRUTH OR CONSEQUENCES MUNICIPAL SCHOOLS
108041191
02980755
17007386
- 0
- 0
- 0
(474482)
(474482)
(463925)
(386513)
- 0
- 0
21150
SOUTHWEST REGIONAL ED COOPERATIVE 10
13050923
00360063
2054423
- 0
- 0
- 0
(57315)
(57315)
(56040)
(46689)
- 0
- 0
22065
ESTANCIA MUNICPAL SCHOOLS
61525804
01697439
9685130
- 0
- 0
- 0
(270201)
(270201)
(264190)
(220106)
- 0
- 0
22066
MORIARTY-EDGEWOOD SCHOOL DISTRICT
195971575
05406671
30849009
- 0
- 0
- 0
(860643)
(860643)
(841495)
(701079)
- 0
- 0
22067
MOUNTAINAIR PUBLIC SCHOOLS
25324156
00698670
3986423
- 0
- 0
- 0
(111215)
(111215)
(108741)
(90596)
- 0
- 0
22201
ESTANCIA VALLEY CLASSICAL ACADEMY
17772159
00490317
2797617
- 0
- 0
- 0
(78049)
(78049)
(76313)
(63579)
- 0
- 0
23070
LORDSBURG MUNICIPAL SCHOOLS
51096743
01409711
8043431
- 0
- 0
- 0
(224400)
(224400)
(219408)
(182796)
- 0
- 0
23121
ANIMAS PUBLIC SCHOOLS
19292757
00532269
3036984
- 0
- 0
- 0
(84727)
(84727)
(82842)
(69019)
- 0
- 0
24072
SANTA ROSA CONSOLIDATED SCHOOLS
56809634
01567324
8942729
- 0
- 0
- 0
(249489)
(249489)
(243939)
(203234)
- 0
- 0
24073
VAUGHN MUNICIPAL SCHOOLS
12288412
00339026
1934391
- 0
- 0
- 0
(53967)
(53967)
(52766)
(43961)
- 0
- 0
25075
MAGDELENA MUNICIPAL SCHOOLS
39388022
01086678
6200292
- 0
- 0
- 0
(172979)
(172979)
(169131)
(140909)
- 0
- 0
25076
SOCORRO CONSOLIDATED SCHOOLS
119743612
03303613
18849526
- 0
- 0
- 0
(525875)
(525875)
(514175)
(428377)
- 0
- 0
25106
NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY
472350274
13031699
74355367
- 0
- 0
- 0
(2074408)
(2074408)
(2028256)
(1689812)
- 0
- 0
25319
COTTONWOOD VALLEY CHARTER SCHOOLS
11134970
00307203
1752818
- 0
- 0
- 0
(48901)
(48901)
(47813)
(39835)
- 0
- 0
26077
CAPITAN MUNICIPAL SCHOOLS
35934847
00991409
5656713
- 0
- 0
- 0
(157814)
(157814)
(154303)
(128555)
- 0
- 0
26078
CARRIZOZO MUNICIPAL SCHOOLS
15641987
00431548
2462297
- 0
- 0
- 0
(68695)
(68695)
(67166)
(55959)
- 0
- 0
26079
CORONA PUBLIC SCHOOLS
13583697
00374761
2138285
- 0
- 0
- 0
(59655)
(59655)
(58328)
(48595)
- 0
- 0
26080
HONDO VALLEY PUBLIC SCHOOLS
16942484
00467427
2667013
- 0
- 0
- 0
(74406)
(74406)
(72750)
(60611)
- 0
- 0
26081
RUIDOSO MUNICIPAL SCHOOL DISTRICT
125672227
03467178
19782784
- 0
- 0
- 0
(551911)
(551911)
(539632)
(449587)
- 0
- 0
26150
REGION IX EDUCATIONAL COOPERATIVE
31729042
00875374
4994648
- 0
- 0
- 0
(139343)
(139343)
(136243)
(113509)
- 0
- 0
27083
FORT SUMNER MUNICIPAL SCHOOLS
30489477
00841176
4799524
- 0
- 0
- 0
(133900)
(133900)
(130921)
(109075)
- 0
- 0
28084
QUEMADO INDEPENDENT SCHOOLS
17595257
00485437
2769773
- 0
- 0
- 0
(77273)
(77273)
(75554)
(62946)
- 0
- 0
28085
RESERVE INDEPENDENT SCHOOLS
18999938
00524190
2990887
- 0
- 0
- 0
(83441)
(83441)
(81585)
(67971)
- 0
- 0
29086
BERNALILLO PUBLIC SCHOOLS
256481726
07076089
40374259
- 0
- 0
- 0
(1126384)
(1126384)
(1101324)
(917552)
- 0
- 0
29087
CUBA INDEPENDENT SCHOOLS
56653909
01563028
8918217
- 0
- 0
- 0
(248805)
(248805)
(243270)
(202677)
- 0
- 0
29088
JEMEZ VALLEY PUBLIC SCHOOLS
30896483
00852405
4863593
- 0
- 0
- 0
(135687)
(135687)
(132668)
(110531)
- 0
- 0
29122
JEMEZ MOUNTAIN SCHOOL DISTRICT
31276427
00862887
4923401
- 0
- 0
- 0
(137356)
(137356)
(134300)
(111890)
- 0
- 0
29123
RIO RANCHO PUBLIC SCHOOLS
1067726236
29457561
168076913
- 0
- 0
- 0
(4689104)
(4689104)
(4584780)
(3819742)
- 0
- 0
29150
NORTHWEST REGIONAL EDUCATION 2
4890736
00134931
769880
- 0
- 0
- 0
(21479)
(21479)
(21001)
(17496)
- 0
- 0
29305
SAN DIEGO RIVERSIDE CHARTER SCHOOL
6815857
00188043
1072923
- 0
- 0
- 0
(29933)
(29933)
(29267)
(24383)
- 0
- 0
29330
WALATOWA CHARTER HIGH SCHOOL
6020020
00166087
947648
- 0
- 0
- 0
(26438)
(26438)
(25850)
(21536)
- 0
- 0
29408
THE ASK ACADEMY
13515142
00372870
2127496
- 0
- 0
- 0
(59354)
(59354)
(58034)
(48350)
- 0
- 0
30089
MORA INDEPENDENT SCHOOLS
46556291
01284444
7328692
- 0
- 0
- 0
(204460)
(204460)
(199911)
(166553)
- 0
- 0
30090
WAGON MOUND PUBLIC SCHOOLS
15846572
00437192
2494500
- 0
- 0
- 0
(69593)
(69593)
(68045)
(56690)
- 0
- 0
31091
MOSQUERO MUNICIPAL SCHOOLS
8360043
00230646
1316004
- 0
- 0
- 0
(36715)
(36715)
(35898)
(29908)
- 0
- 0
31092
ROY MUNICIPAL SCHOOLS
9840797
00271498
1549095
- 0
- 0
- 0
(43218)
(43218)
(42256)
(35205)
- 0
- 0
32093
LOS ALAMOS PUBLIC SCHOOLS
313613561
08652303
49367712
- 0
- 0
- 0
(1377288)
(1377288)
(1346646)
(1121938)
- 0
- 0
36246253697
1000000000
5705730817
- 0
- 0
- 0
(159181664)
(159181664)
(155640186)
(129669335)
- 0
- 0
New Mexico Educational Retirement Board
Schedule of Collective Pension Amounts
As of and for the year ended June 30 2014
Net Pension Liability (775 Discount)
$ 5705730813
Net Pension Liability -- 100 Decrease (675 Discount)
$ 7763304829
Net Pension Liability -- 100 Increase (875 Discount)
$ 3987098791
Deferred Outflows of Resources
Differences Between Expected and Actual Experience
$ 0
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
0
Changes in Assumptions
0
Total Deferred Outflows of Resources Excluding Employer-Specific Amounts
$ 0
Deferred Inflows of Resources
Differences Between Expected and Actual Experience
$ 84995487
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
518677364
Changes inf Assumptions
0
Total Deferred Inflows of Resources Excluding Employer-Specific Amounts
$ 603672851
Pension Plan Expense
$ 395014052
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
What Does GASB 68 Do
Separates accounting and funding for pensionsProvides new informationbull Comprehensive reporting of a governmentrsquos net pension
liabilities and expensesbull Each employer will include its share of the actuarial
present value of retirement benefits in its financialsbull Reflect pension liability where employment exchange
takes placebull Provide 10-year trend information- net pension liability and
hitting contribution targets
4
What Does GASB 68 Do Continued
New information to be reportedbull Description of the plan and benefits providedbull Significant assumptions used in the measurement of the
net pension liabilitybull Amounts of the net pension liability and deferred inflows
and outflows of resources related to pensionsbull Analysis of the net pension liabilityrsquos sensitivity to changes
in the discount ratebull Descriptions of changes in the assumptions used in
measuring the net pension liability
5
What does GASB 68 not do
bull Create a new liabilityPrior to GASB 68 liability was only shown at the pension
fund level bull Change what employers have to contribute to the pension
planEmployers will continue to pay rates contributions set by
statute
6
Why Does GASB Mandate this Change
GASBrsquos goals are to havebull Increased transparency however not all of the
information is helpfulbull Improve comparability among pension plan employers
7
Glossary
Current GASB 6768 ResultActuarial Accrued Liability (AAL)Present value of earned retirement benefits
Total Pension Liability (TPL)
Present value of earned retirement benefits
No change for ERB
Actuarial Value of Assets (AVA)ldquoSmoothedrdquo value of pension plan assets
Fiduciary Net Position(FNP)Fair market value of pension plan assets minus liabilities
All amounts and ratios thatuse FMV of investments will be more volatile
Unfunded Actuarial Accrued Liability (UAAL)AAL minus AVA
Net Pension Liability (NPL)TPL minus FNP
For ERB NPLltUAAL as of June 30 2014
8
Glossary continued
Current GASB 6768 Result
Funded Ratio AVAAAL Funded Ratio FNPTPLFor ERB results in a higher funded ratioWill be more volatile
Annual Required Contribution (ARC)Contribution necessary to amortize UAAL in 30 years
No longer applicableERB will track Funding Policy Contribution in actuarial valuation report
Discount Rate Use long-term earnings assumption to calculate AAL
Discount Rate Use long-term earnings assumption to calculate TPL if enough assets If not blended rate
No change for ERB
Contribution expense Total of employer contributions accrued in fiscal year
Pension expense Change in NPL from one year to the next
Will be more volatile
In summary these changes will result in a need for two different sets of books one for funding and budgeting and one for accounting
9
Current and GASB 68 Reporting
Current GASB 68ERB FS School FS ERB FS School FS
UAAL Footnote disclosure
NoneMentions participation in ERB
Footnote disclosure including sensitivity of discount rate
Proportionate share of NPL on Balance Sheet
Contribution Expense
Included in Statement of Changes in Plan Net Assets
Amount of employer contributions accrued
Included in Statement of Changes in Fiduciary Net Position
Difference between current and prior year NPL plus adjustments
10
11
GASB 68 Meanshellip New disclosures for employers
Now required to recognize and reporthellipbull proportionate share of the Planrsquos collective Net Pension Liabilitybull proportionate share of the Planrsquos pension expensebull Proportionate share of the Planrsquos deferred inflows and outflowsThese will be reported with a one-year lag
Now required to addhellipbull More disclosure notes discount rate measurement assumptions
deferred flowsbull Required Supplementary Information Schedules of net pension
liability over 10 years contributions and related ratios
12
What are ERBrsquos Options
Implementation Level Benefits Issues to Resolve1 Bargain Basement
Implement only GASB 67bull Low cost to ERB bull Employers uninformed
unstaffed for reportingbull Public image problems
2 Middle of the RoadProvide proportionate share schedules for Net Pension Liability pension expense amp deferred inflows outflows
bull NMERB meets employers halfway
bull NMERB minimizes audit responsibility
bull Member data is supplied by members
bull Who audits the allocation schedule
bull Employers still face new reporting challenges
3 Full Service PlanPrepare and disclose all calculations and disclosuresfor employers
bull Reduce employer work
bull Plan takes on more work
13
How to maximize ERBrsquos service today
bull Increase Communicationbull Leverage existing ERB website and employer portal
bull Email blasts to Employer accounting personnel bull Fact Sheet Handouts sample reporting examples newslettersbull Compliance Auditor (desk amp field audits)bull Meet with Employers in regional meetings across New Mexicobull Meet with State Auditor Public Education Department Higher
Education Departmentbull Share Real Information
bull Provide audited GASB 68 report and Required Supplementary Information to all employersbull Employer contribution reconciliationsbull Allocation schedules (Net Pension Liability Contributions
How ERB Will Help Employers with GASB 68 Disclosures
In FY15 ERB will provide all employers this audited informationbull Each employerrsquos share of the Net Pension Liability and change from
prior period (Pension Expense)bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries prior period adjustment for
NPL and language for financial statement disclosures may require customization
In FY16 and future years ERB will provide all employers this audited information
bull Each employerrsquos share of the change in Net Pension Liability (Pension Expense)
bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries and language for financial
statement disclosures may require customization
15
16
ERBrsquos Implementation Plan
bull Produce annual audited schedules engaging ERBrsquos actuary and auditor to provide an opinion onbull Employer Allocationsbull Collective Pension Amounts and Required Supplementary
Informationbull Schedules include detail information for employers financials
bull ERB will comply with AICPA best practices that will allow the employerrsquos auditor to rely on ERBrsquos auditorrsquos opinion on proportionate shares
bull Employers have responsibility to report accurate census data to ERBbull Employers assume responsibility for presentation of the information
used in their own financial statements
17
New Mexico Educational Retirement BoardSchedule of Collective Pension AmountsAs of and for the year ended June 30 2014
Net Pension Liability (775 Discount) 5705730813$ Net Pension Liability -- 100 Decrease (675 Discount) 7763304829$ Net Pension Liability -- 100 Increase (875 Discount) 3987098791$
Deferred Outflows of ResourcesDifferences Between Expected and Actual Experience 0$ Net Difference Between Projected and Actual Investment Earnings on Plan 0Changes in Assumptions 0Total Deferred Outflows of Resources Excluding Employer-Specific Amounts 0$
Deferred Inflows of ResourcesDifferences Between Expected and Actual Experience 84995487$ Net Difference Between Projected and Actual Investment Earnings on Plan Investments 518677364Changes inf Assumptions 0Total Deferred Inflows of Resources Excluding Employer-Specific Amounts 603672851$
Pension Plan Expense 395014052$
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
ERBrsquos GASB 68 Collective Amounts
68_Collective Info
68_Shares
18
19
20
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Notes to Financial StatementsSummary of Significant Accounting Policies Basis of Accounting For purposes of
measuring the net pension liability deferred outflows of resources and deferred inflows of resources related to pensions and pension expense information about the fiduciary net position of the ERB and additions todeductions from ERBrsquos fiduciary net position have been determined on the same basis as they are reported by ERB Plan For this purpose benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms Investments are reported at fair value
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense At June 30 2015 the University of ABC (UABC) reported a liability of $14910 for its proportionate share of the net pension liability The net pension liability was measured as of June 30 2015 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as June 30 2014 UABCrsquos proportion of the net pension liability was based on UABCrsquos contributions to ERB for the year ending June 30 2015 relative to the total contribution for all employers participating in ERB a projection of the long-term share of contributions to the pension plan relative to projected contributions of all participating school districts actuarially determined At June 30 2015 UABCrsquos proportion was XX percent which was an increase of XX percent from its proportion measured as of June 30 2014
Sample Employer GASB 68 Disclosures
21
Sample Employer GASB 68 Disclosureshellipcont
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense (Cont)For the year ended June 30 2015 UABC recognized pension expense of $2394 At June 30 2015 reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources
Payable to the Pension Plan At June 30 2015 UABC reported a payable of $5432 for the outstanding contributions to the pension plan required for the year ended June 30 2015
Deferred Outflowsof Resources
Deferred Inflowsof Resources
Differences between expected and actual experience $ 2657 $ 142
Changes of assumptions 1714 130
Net difference between projected and actual earnings on pension plan investments
- 2194
Changes in proportion and differences between UABC contributions and proportionate share of contributions
753 156
UABC contributions subsequent to the measurement date 1065 -
Total $ 6189 $ 2622
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Questions
22
Appendix A page 1ERB Actuarials at a Glance
23
Fiscal Year 63012 63013 63014 63014GASB 67
UAAL $62B $65B $63B $57B
Funded Ratio 607 601 631 669
Funding Period Infinite 951 years 421 years Not applicable
Funding Policy
Contribution1759 1747 1632 Not applicable
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
New Mexico Educational Retirement Board
Deferred Outflows
Deferred Inflows
Schedule of Employer-Specific Pension Amounts
of Resources
of Resources
Pension Expense
Subsequent Recognition of Deferred Amounts
As of and for the year ended June 30 2014
Net Amortization
of Deferred
Amounts from
Changes in
Changes in
Changes in
Proportion
Proportion
Proportion
and Differences
and Differences
and Differences
Between
Between
Between
Employer
Employer
Employer
Contributions
Contributions
Contributions
and Proportionate
and Proportionate
and Proportionate
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Net Pension Liability
Share of
Share of
Share of
Ending
Ending
Ending
Ending
Ending
ER Code
Employer Name
Contribution
Employer Allocation Percentage
(775 Discount)
Contributions
Contributions
Contributions
2015
2016
2017
2018
2019
Thereafter
01001
POJOAQUE VALLEY SCHOOLS
130138115
03590388
20485787
- 0
- 0
- 0
(571524)
(571524)
(558809)
(465563)
- 0
- 0
01002
SANTA FE PUBLIC SCHOOLS
903846552
24936275
142279673
- 0
- 0
- 0
(3969398)
(3969398)
(3881086)
(3233470)
- 0
- 0
01003
SANTA FE COMMUNITY COLLEGE
285623563
07880085
44961644
- 0
- 0
- 0
(1254365)
(1254365)
(1226458)
(1021805)
- 0
- 0
01094
NEW MEXICO SCHOOL FOR THE DEAF
55303678
01525776
8705667
- 0
- 0
- 0
(242876)
(242876)
(237472)
(197846)
- 0
- 0
01301
THE ACADEMY FOR TECHNOLOGY amp THE CLASSICS
22265370
00614281
3504922
- 0
- 0
- 0
(97782)
(97782)
(95607)
(79653)
- 0
- 0
01306
MONTE DEL SOL CHARTER SCHOOL
27346513
00754465
4304774
- 0
- 0
- 0
(120097)
(120097)
(117425)
(97831)
- 0
- 0
01315
TURQUOISE TRAIL CHARTER SCHOOL
29690099
00819122
4673690
- 0
- 0
- 0
(130389)
(130389)
(127488)
(106215)
- 0
- 0
01341
STATE OF NEW MEXICO
121504115
03352184
19126660
- 0
- 0
- 0
(533606)
(533606)
(521735)
(434675)
- 0
- 0
01343
TIERRA ENCANTADA CHARTER SCHOOL
18916878
00521899
2977815
- 0
- 0
- 0
(83077)
(83077)
(81228)
(67674)
- 0
- 0
01398
THE MASTERS PROGRAM
11557405
00318858
1819318
- 0
- 0
- 0
(50756)
(50756)
(49627)
(41346)
- 0
- 0
01416
NEW MEXICO SCHOOL FOR THE ARTS
14899946
00411075
2345483
- 0
- 0
- 0
(65436)
(65436)
(63980)
(53304)
- 0
- 0
01418
New Mexico Connections Academy
10201256
00281443
1605838
- 0
- 0
- 0
(44801)
(44801)
(43804)
(36495)
- 0
- 0
02003
ALBUQUERQUE PUBLIC SCHOOLS
6164408173
170070218
970374883
- 0
- 0
- 0
(27072060)
(27072060)
(26469760)
(22052893)
- 0
- 0
02095
UNIVERSITY OF NEW MEXICO
5918270140
163279499
931628869
- 0
- 0
- 0
(25991102)
(25991102)
(25412851)
(21172345)
- 0
- 0
02123
CENTRAL NEW MEXICO COMMUNITY COLLEGE
965367901
26633591
151964101
- 0
- 0
- 0
(4239579)
(4239579)
(4145257)
(3453560)
- 0
- 0
02148
NEW MEXICO ACTIVITIES ASSOCIATION
13674332
00377262
2152555
- 0
- 0
- 0
(60053)
(60053)
(58717)
(48919)
- 0
- 0
02150
CENTRAL REGIONAL EDUCATION COOP
32918525
00908191
5181893
- 0
- 0
- 0
(144567)
(144567)
(141351)
(117765)
- 0
- 0
02295
UNIVERSITY HOSPITALS
38915116
01073631
6125849
- 0
- 0
- 0
(170902)
(170902)
(167100)
(139217)
- 0
- 0
02303
AMY BIEHL HIGH SCHOOL
24086383
00664521
3791578
- 0
- 0
- 0
(105780)
(105780)
(103426)
(86168)
- 0
- 0
02304
EAST MOUNTAIN HIGH SCHOOL
24508244
00676159
3857981
- 0
- 0
- 0
(107632)
(107632)
(105238)
(87677)
- 0
- 0
02308
TWENTY-FIRST CENTURY PUBLIC ACADEMY
10638203
00293498
1674621
- 0
- 0
- 0
(46720)
(46720)
(45680)
(38058)
- 0
- 0
02309
SOUTH VALLEY ACADEMY
27055891
00746447
4259026
- 0
- 0
- 0
(118821)
(118821)
(116177)
(96791)
- 0
- 0
02310
SOUTHWEST SECONDARY LEARNING CENTER
12754266
00351878
2007721
- 0
- 0
- 0
(56013)
(56013)
(54766)
(45628)
- 0
- 0
02311
NUESTROS VALORES CHARTER SCHOOL
8467810
00233619
1332967
- 0
- 0
- 0
(37188)
(37188)
(36361)
(30293)
- 0
- 0
02313
ROOTS AND WINGS COMMUNITY SCHOOL
3195446
00088159
503012
- 0
- 0
- 0
(14033)
(14033)
(13721)
(11432)
- 0
- 0
02314
THE LEARNING COMMUNITY CHARTER
12127601
00334589
1909075
- 0
- 0
- 0
(53260)
(53260)
(52075)
(43386)
- 0
- 0
02318
ROBERT F KENNEDY CHARTER SCHOOL
19636783
00541760
3091137
- 0
- 0
- 0
(86238)
(86238)
(84320)
(70250)
- 0
- 0
02320
PUBLIC ACADEMY FOR PERFORMING ARTS
22952684
00633243
3613114
- 0
- 0
- 0
(100801)
(100801)
(98558)
(82112)
- 0
- 0
02322
LOS PUENTES CHARTER SCHOOL
15963339
00440413
2512878
- 0
- 0
- 0
(70106)
(70106)
(68546)
(57108)
- 0
- 0
02323
EL CAMINO REAL ACADEMY
25600416
00706291
4029906
- 0
- 0
- 0
(112429)
(112429)
(109927)
(91584)
- 0
- 0
02327
HORIZON ACADEMY WEST
22209646
00612743
3496147
- 0
- 0
- 0
(97537)
(97537)
(95367)
(79454)
- 0
- 0
02328
NORTH VALLEY ACADEMY
21177733
00584274
3333710
- 0
- 0
- 0
(93006)
(93006)
(90937)
(75762)
- 0
- 0
02329
LA ACADEMIA DE ESPERANZA
32216102
00888812
5071322
- 0
- 0
- 0
(141483)
(141483)
(138335)
(115252)
- 0
- 0
02331
LA ACADEMIA DE LENGUA Y CULTURA
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02334
MONTESSORI OF THE RIO GRANDE CHARTER SCHOOL
13170269
00363355
2073206
- 0
- 0
- 0
(57839)
(57839)
(56553)
(47116)
- 0
- 0
02336
CESAR CHAVEZ COMMUNITY SCHOOL
13344118
00368152
2100576
- 0
- 0
- 0
(58603)
(58603)
(57299)
(47738)
- 0
- 0
02338
CREATIVE EDUCATION PREPARATORY INSTITUTE 1
13923018
00384123
2191702
- 0
- 0
- 0
(61145)
(61145)
(59785)
(49809)
- 0
- 0
02339
GILBERT L SENA CHARTER HIGH SCHOOL
13971841
00385470
2199388
- 0
- 0
- 0
(61360)
(61360)
(59995)
(49984)
- 0
- 0
02340
SCHOOL FOR INTEGRATED ACADEMICS amp TECHNOLOGIES
17385947
00479662
2736822
- 0
- 0
- 0
(76353)
(76353)
(74655)
(62197)
- 0
- 0
02341
ALB INSTITUTE FOR MATH AND SCIENCE UNM
17455816
00481590
2747823
- 0
- 0
- 0
(76660)
(76660)
(74955)
(62447)
- 0
- 0
02342
MOUNTAIN MAHOGONY COMMUNITY
11336352
00312759
1784519
- 0
- 0
- 0
(49785)
(49785)
(48678)
(40555)
- 0
- 0
02343
LA PROMESA EARLY LEARNING
22284215
00614801
3507889
- 0
- 0
- 0
(97865)
(97865)
(95688)
(79721)
- 0
- 0
02344
ACADEMY OF TRADES AND TECHNOLOGY (YOUTH BUILD CO)
9306534
00256759
1464998
- 0
- 0
- 0
(40871)
(40871)
(39962)
(33294)
- 0
- 0
02345
SOUTHWEST INTERMEDIATE LEARNING CTR (LA LUZ DEL M)
6003345
00165627
945023
- 0
- 0
- 0
(26365)
(26365)
(25778)
(21477)
- 0
- 0
02346
SOUTHWEST PRIMARY LEARNING CENTER
6508031
00179550
1024464
- 0
- 0
- 0
(28581)
(28581)
(27945)
(23282)
- 0
- 0
02350
DIGITAL ARTS AND TECHNOLOGY ACADEMY
18276643
00504235
2877029
- 0
- 0
- 0
(80265)
(80265)
(78479)
(65384)
- 0
- 0
02351
THE MONTESSORI ELEMENTARY SCHOOL
15956095
00440214
2511743
- 0
- 0
- 0
(70074)
(70074)
(68515)
(57082)
- 0
- 0
02353
CHRISTINE DUNCANS HERITAGE ACADEMY
11567894
00319147
1820967
- 0
- 0
- 0
(50802)
(50802)
(49672)
(41384)
- 0
- 0
02354
NATIVE AMERICAN COMMUNITY ACADEMY
24618203
00679193
3875292
- 0
- 0
- 0
(108115)
(108115)
(105710)
(88071)
- 0
- 0
02355
RALPH J BUNCHE ACADEMY
5170362
00142645
813894
- 0
- 0
- 0
(22706)
(22706)
(22201)
(18497)
- 0
- 0
02356
ALICE KING COMMUNITY SCHOOL(N ALB COOP C C)
15945481
00439921
2510071
- 0
- 0
- 0
(70027)
(70027)
(68469)
(57044)
- 0
- 0
02357
LA RESOLANA LEADERSHIP ACADEMY
5266902
00145309
829094
- 0
- 0
- 0
(23131)
(23131)
(22616)
(18842)
- 0
- 0
02358
VILLAGE ACADEMY CHARTER SCHOOL
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02360
BATAAN MILITARY ACADEMY
9938807
00274202
1564523
- 0
- 0
- 0
(43648)
(43648)
(42677)
(35556)
- 0
- 0
02361
ALBUQUERQUE TALENT DEVELOPMENT SECONDARY CHARTER
11434102
00315456
1799907
- 0
- 0
- 0
(50215)
(50215)
(49098)
(40905)
- 0
- 0
02362
GORDON BERNELL CHARTER SCHOOL
32236740
00889381
5074569
- 0
- 0
- 0
(141573)
(141573)
(138423)
(115325)
- 0
- 0
02363
CORRALES INTERNATIONAL SCHOOL
17491523
00482575
2753443
- 0
- 0
- 0
(76817)
(76817)
(75108)
(62575)
- 0
- 0
02364
COTTONWOOD CLASSICAL PREP SCHOOL
27174715
00749725
4277729
- 0
- 0
- 0
(119342)
(119342)
(116687)
(97216)
- 0
- 0
02365
MEDIA ARTS COLLABORATIVE CHARTER SCHOOL
12988950
00358353
2044666
- 0
- 0
- 0
(57043)
(57043)
(55774)
(46467)
- 0
- 0
02366
THE NEW AMERICA SCHOOL
15162026
00418306
2386741
- 0
- 0
- 0
(66587)
(66587)
(65105)
(54241)
- 0
- 0
02367
CIEN AGUAS INTERNATIONAL SCHOOL
16645455
00459232
2620254
- 0
- 0
- 0
(73101)
(73101)
(71475)
(59548)
- 0
- 0
02368
THE INTERNATIONAL SCH AT MESA DEL SOL
15953529
00440143
2511337
- 0
- 0
- 0
(70063)
(70063)
(68504)
(57073)
- 0
- 0
02370
TIERRA ADENTRO OF NEW MEXICO
14574532
00402098
2294263
- 0
- 0
- 0
(64007)
(64007)
(62583)
(52140)
- 0
- 0
02390
ACE LEADERSHIP HIGH SCHOOL
21477933
00592556
3380965
- 0
- 0
- 0
(94324)
(94324)
(92226)
(76836)
- 0
- 0
02396
SOUTH VALLEY PREPARATORY SCHOOL
9352262
00258020
1472193
- 0
- 0
- 0
(41072)
(41072)
(40158)
(33457)
- 0
- 0
02402
ALBUQUERQUE SIGN LANGUAGE ACADEMY
12136863
00334845
1910535
- 0
- 0
- 0
(53301)
(53301)
(52115)
(43419)
- 0
- 0
02412
ALBUQUERQUE SCHOOL OF EXCELLENCE
12941978
00357057
2037271
- 0
- 0
- 0
(56837)
(56837)
(55572)
(46299)
- 0
- 0
02413
THE GREAT ACADEMY
9104631
00251188
1433211
- 0
- 0
- 0
(39985)
(39985)
(39095)
(32571)
- 0
- 0
02414
THE NEW MEXICO INTERNATIONAL SCHOOL
9093315
00250876
1431431
- 0
- 0
- 0
(39935)
(39935)
(39046)
(32531)
- 0
- 0
02417
WILLIAM W amp JOSEPHINE DORN CHARTER COMMUNITY SCHOO
2499702
00068964
393490
- 0
- 0
- 0
(10978)
(10978)
(10734)
(8943)
- 0
- 0
02418
SAGE MONTESSORI CHARTER SCHOOL
7486288
00206540
1178462
- 0
- 0
- 0
(32877)
(32877)
(32146)
(26782)
- 0
- 0
02420
SOUTHWEST AERONAUTICS MATH amp SCIENCE ACADEMY
9312685
00256928
1465962
- 0
- 0
- 0
(40898)
(40898)
(39988)
(33316)
- 0
- 0
02421
CORAL COMMUNITY CHARTER SCHOOL
5518744
00152257
868737
- 0
- 0
- 0
(24237)
(24237)
(23697)
(19743)
- 0
- 0
02425
MISSION ACHIEVEMENT AND SUCCESS CHARTER SCHOOL
15952839
00440124
2511229
- 0
- 0
- 0
(70060)
(70060)
(68501)
(57071)
- 0
- 0
02430
Health Leadership Community School
9697716
00267551
1526574
- 0
- 0
- 0
(42589)
(42589)
(41642)
(34693)
- 0
- 0
03004
ARTESIA PUBLIC SCHOOLS
249203786
06875298
39228600
- 0
- 0
- 0
(1094421)
(1094421)
(1070073)
(891515)
- 0
- 0
03005
CARLSBAD MUNICIPAL SCHOOLS
457710863
12627812
72050896
- 0
- 0
- 0
(2010116)
(2010116)
(1965395)
(1637440)
- 0
- 0
03006
LOVING MUNICIPAL SCHOOLS
45366532
01251620
7141407
- 0
- 0
- 0
(199235)
(199235)
(194802)
(162297)
- 0
- 0
03321
JEFFERSON MONTESSORI ACADEMY
14230129
00392596
2240047
- 0
- 0
- 0
(62494)
(62494)
(61104)
(50908)
- 0
- 0
04008
DEXTER CONSOLIDATED SCHOOLS
74126962
02045093
11668750
- 0
- 0
- 0
(325541)
(325541)
(318299)
(265186)
- 0
- 0
04009
HAGERMAN MUNICIPAL SCHOOLS
35432505
00977549
5577631
- 0
- 0
- 0
(155608)
(155608)
(152146)
(126758)
- 0
- 0
04010
LAKE ARTHUR MUNICIPAL SCHOOLS
13637822
00376255
2146810
- 0
- 0
- 0
(59893)
(59893)
(58560)
(48789)
- 0
- 0
04011
ROSWELL INDEPENDENT SCHOOLS
615946152
16993374
96959618
- 0
- 0
- 0
(2705034)
(2705034)
(2644852)
(2203520)
- 0
- 0
04097
NEW MEXICO MILITARY INSTITUTE
168542271
04649923
26531209
- 0
- 0
- 0
(740182)
(740182)
(723715)
(602952)
- 0
- 0
04317
SIDNEY GUTIERREZ MIDDLE SCHOOL
4080477
00112577
642334
- 0
- 0
- 0
(17920)
(17920)
(17522)
(14598)
- 0
- 0
05011
CLOVIS COMMUNITY COLLEGE
91114505
02513763
14342855
- 0
- 0
- 0
(400145)
(400145)
(391243)
(325958)
- 0
- 0
05012
CLOVIS MUNICIPAL SCHOOLS
529906737
14619628
83415662
- 0
- 0
- 0
(2327177)
(2327177)
(2275402)
(1895717)
- 0
- 0
05013
GRADY MUNICIPAL SCHOOLS
13422095
00370303
2112849
- 0
- 0
- 0
(58945)
(58945)
(57634)
(48017)
- 0
- 0
05014
MELROSE SCHOOLS
20092869
00554343
3162932
- 0
- 0
- 0
(88241)
(88241)
(86278)
(71881)
- 0
- 0
05015
TEXICO MUNICIPAL SCHOOLS
46844881
01292406
7374121
- 0
- 0
- 0
(205727)
(205727)
(201150)
(167585)
- 0
- 0
05016
REGIONAL EDUCATIONAL CENTER 6
8833229
00243700
1390487
- 0
- 0
- 0
(38793)
(38793)
(37930)
(31600)
- 0
- 0
06016
EUNICE PUBLIC SCHOOLS
47356967
01306534
7454731
- 0
- 0
- 0
(207976)
(207976)
(203349)
(169417)
- 0
- 0
06017
HOBBS MUNICIPAL SCHOOLS
528484026
14580377
83191706
- 0
- 0
- 0
(2320929)
(2320929)
(2269293)
(1890628)
- 0
- 0
06018
JAL PUBLIC SCHOOLS
34332805
00947210
5404525
- 0
- 0
- 0
(150778)
(150778)
(147424)
(122824)
- 0
- 0
06019
LOVINGTON MUNICIPAL SCHOOLS
228661774
06308563
35994962
- 0
- 0
- 0
(1004208)
(1004208)
(981866)
(818027)
- 0
- 0
06020
TATUM MUNICIPAL SCHOOLS
32371140
00893089
5095725
- 0
- 0
- 0
(142163)
(142163)
(139001)
(115806)
- 0
- 0
06124
NEW MEXICO JUNIOR COLLEGE
143512547
03959376
22591134
- 0
- 0
- 0
(630260)
(630260)
(616238)
(513410)
- 0
- 0
06150
REGIONAL EDUCATIONAL COOP 7
2672852
00073741
420746
- 0
- 0
- 0
(11738)
(11738)
(11477)
(9562)
- 0
- 0
07021
GADSDEN INDEPENDENT SCHOOLS
954445594
26332255
150244759
- 0
- 0
- 0
(4191612)
(4191612)
(4098357)
(3414486)
- 0
- 0
07022
HATCH VALLEY PUBLIC SCHOOLS
101411144
02797838
15963710
- 0
- 0
- 0
(445365)
(445365)
(435456)
(362794)
- 0
- 0
07023
LAS CRUCES PUBLIC SCHOOLS
1700239556
46908008
267644467
- 0
- 0
- 0
(7466895)
(7466895)
(7300771)
(6082530)
- 0
- 0
07098
NEW MEXICO STATE UNIVERSITY
2740590573
75610313
431412093
- 0
- 0
- 0
(12035775)
(12035775)
(11768003)
(9804339)
- 0
- 0
07335
ALMA DARTE CHARTER HIGH SCHOOL
14804322
00408437
2330432
- 0
- 0
- 0
(65016)
(65016)
(63569)
(52962)
- 0
- 0
07337
LA ACADEMIA DOLORES HUERTA
9581137
00264335
1508224
- 0
- 0
- 0
(42077)
(42077)
(41141)
(34276)
- 0
- 0
07338
LAS MONTANAS CHARTER HIGH SCHOOL
14737236
00406586
2319870
- 0
- 0
- 0
(64721)
(64721)
(63281)
(52722)
- 0
- 0
07339
ANTHONY CHARTER SCHOOL
5217470
00143945
821311
- 0
- 0
- 0
(22913)
(22913)
(22404)
(18665)
- 0
- 0
07420
J PAUL TAYLOR ACADEMY
10921121
00301303
1719154
- 0
- 0
- 0
(47962)
(47962)
(46895)
(39070)
- 0
- 0
07421
NEW AMERICA SCHOOL-LAS CRUCES
12850101
00354522
2022807
- 0
- 0
- 0
(56433)
(56433)
(55178)
(45971)
- 0
- 0
08024
COBRE CONSOLIDATED SCHOOLS
107900060
02976861
16985168
- 0
- 0
- 0
(473862)
(473862)
(463319)
(386008)
- 0
- 0
08026
SILVER CONSOLIDATED SCHOOLS
223923812
06177847
35249132
- 0
- 0
- 0
(983400)
(983400)
(961521)
(801077)
- 0
- 0
08099
WESTERN NEW MEXICO UNIVERSITY
228493287
06303915
35968442
- 0
- 0
- 0
(1003468)
(1003468)
(981142)
(817424)
- 0
- 0
08347
ALDO LEOPOLD HIGH SCHOOL
11975600
00330396
1885151
- 0
- 0
- 0
(52593)
(52593)
(51423)
(42842)
- 0
- 0
09027
CIMARRON MUNICIPAL SCHOOLS
33888261
00934945
5334544
- 0
- 0
- 0
(148826)
(148826)
(145515)
(121234)
- 0
- 0
09028
MAXWELL MUNICIPAL SCHOOLS
15196104
00419246
2392105
- 0
- 0
- 0
(66736)
(66736)
(65252)
(54363)
- 0
- 0
09029
RATON PUBLIC SCHOOLS
80720720
02227009
12706714
- 0
- 0
- 0
(354499)
(354499)
(346612)
(288775)
- 0
- 0
09030
SPRINGER MUNICIPAL SCHOOLS
19298679
00532432
3037914
- 0
- 0
- 0
(84753)
(84753)
(82868)
(69040)
- 0
- 0
09150
HIGH PLAINS REGIONAL EDUCATIONAL COOP 3
12699970
00350380
1999174
- 0
- 0
- 0
(55774)
(55774)
(54533)
(45434)
- 0
- 0
09324
MORENO VALLEY HIGH SCHOOL
7446232
00205435
1172157
- 0
- 0
- 0
(32701)
(32701)
(31974)
(26639)
- 0
- 0
10032
SAN JON SCHOOLS
14631539
00403670
2303232
- 0
- 0
- 0
(64257)
(64257)
(62827)
(52344)
- 0
- 0
10033
TUCUMCARI PUBLIC SCHOOLS
74492978
02055191
11726367
- 0
- 0
- 0
(327149)
(327149)
(319870)
(266495)
- 0
- 0
10119
HOUSE MUNICIPAL SCHOOLS
14003541
00386345
2204381
- 0
- 0
- 0
(61499)
(61499)
(60131)
(50097)
- 0
- 0
10120
LOGAN MUNICIPAL SCHOOLS
25199979
00695244
3966875
- 0
- 0
- 0
(110670)
(110670)
(108208)
(90152)
- 0
- 0
10141
MESALANDS COMMUNITY COLLEGE
35425739
00977363
5576570
- 0
- 0
- 0
(155578)
(155578)
(152117)
(126734)
- 0
- 0
11034
ELIDA MUNICIPAL SCHOOLS
14152846
00390464
2227882
- 0
- 0
- 0
(62155)
(62155)
(60772)
(50631)
- 0
- 0
11035
PORTALES MUNICIPAL SCHOOLS
202486725
05586418
31874597
- 0
- 0
- 0
(889255)
(889255)
(869471)
(724387)
- 0
- 0
11101
EASTERN NEW MEXICO UNIVERSITY - PORTALES
321726936
08876143
50644883
- 0
- 0
- 0
(1412919)
(1412919)
(1381485)
(1150964)
- 0
- 0
11102
EASTERN NM UNIVERSITY - ROSWELL
132681232
03660550
20886113
- 0
- 0
- 0
(582692)
(582692)
(569729)
(474661)
- 0
- 0
11117
DORA CONSOLIDATED SCHOOLS
23215804
00640502
3654532
- 0
- 0
- 0
(101956)
(101956)
(99688)
(83053)
- 0
- 0
11118
FLOYD MUNICIPAL SCHOOLS
22040516
00608077
3469524
- 0
- 0
- 0
(96795)
(96795)
(94641)
(78849)
- 0
- 0
12037
LAS VEGAS CITY SCHOOLS
125424467
03460343
19743786
- 0
- 0
- 0
(550823)
(550823)
(538568)
(448700)
- 0
- 0
12038
WEST LAS VEGAS SCHOOLS
135571770
03740297
21341128
- 0
- 0
- 0
(595387)
(595387)
(582141)
(485002)
- 0
- 0
12039
PECOS INDEPENDENT SCHOOLS
57989889
01599886
9128519
- 0
- 0
- 0
(254673)
(254673)
(249007)
(207456)
- 0
- 0
12102
NEW MEXICO HIGHLANDS UNIVERSITY
293679047
08102328
46229703
- 0
- 0
- 0
(1289742)
(1289742)
(1261048)
(1050624)
- 0
- 0
12128
LUNA COMMUNITY COLLEGE
77802974
02146511
12247414
- 0
- 0
- 0
(341685)
(341685)
(334083)
(278337)
- 0
- 0
12150
PECOS VALLEY REC 8
6405772
00176729
1008368
- 0
- 0
- 0
(28132)
(28132)
(27506)
(22916)
- 0
- 0
12151
NORTHEAST REGIONAL EDUCATION COOP
7566786
00208760
1191128
- 0
- 0
- 0
(33231)
(33231)
(32491)
(27070)
- 0
- 0
13041
GALLUP MCKINLEY COUNTY SCHOOLS
874308315
24121343
137629890
- 0
- 0
- 0
(3839676)
(3839676)
(3754250)
(3127799)
- 0
- 0
13142
ZUNI PUBLIC SCHOOLS
130100988
03589364
20479945
- 0
- 0
- 0
(571361)
(571361)
(558649)
(465430)
- 0
- 0
13369
MIDDLE COLLEGE HIGH SCHOOL
5022305
00138561
790592
- 0
- 0
- 0
(22056)
(22056)
(21566)
(17967)
- 0
- 0
13430
UPLIFT COMMUNITY SCHOOL
8929543
00246358
1405652
- 0
- 0
- 0
(39216)
(39216)
(38343)
(31945)
- 0
- 0
14043
BELEN CONSOLIDATED SCHOOLS
282020844
07780689
44394517
- 0
- 0
- 0
(1238543)
(1238543)
(1210988)
(1008917)
- 0
- 0
14044
GRANTS-CIBOLA COUNTY SCHOOLS
270364497
07459102
42559628
- 0
- 0
- 0
(1187352)
(1187352)
(1160936)
(967217)
- 0
- 0
14045
LOS LUNAS SCHOOLS
516619864
14253055
81324095
- 0
- 0
- 0
(2268825)
(2268825)
(2218348)
(1848184)
- 0
- 0
14366
SCHOOL OF DREAMS ACADEMY
16804216
00463612
2645245
- 0
- 0
- 0
(73799)
(73799)
(72157)
(60116)
- 0
- 0
15046
ALAMOGORDO PUBLIC SCHOOLS
369877443
10204570
58224529
- 0
- 0
- 0
(1624380)
(1624380)
(1588241)
(1323220)
- 0
- 0
15047
CLOUDCROFT MUNICIPAL SCHOOLS
30771554
00848958
4843926
- 0
- 0
- 0
(135139)
(135139)
(132132)
(110084)
- 0
- 0
15049
TULAROSA MUNICIPAL SCHOOLS
68396924
01887007
10766754
- 0
- 0
- 0
(300377)
(300377)
(293694)
(244687)
- 0
- 0
15104
NEW MEXICO SCHOOL FT BLIND amp VISUALLY IMPAIRED
79976142
02206466
12589501
- 0
- 0
- 0
(351229)
(351229)
(343415)
(286111)
- 0
- 0
16050
AZTEC MUNICIPAL SCHOOLS
187894163
05183823
29577499
- 0
- 0
- 0
(825170)
(825170)
(806811)
(672183)
- 0
- 0
16051
BLOOMFIELD SCHOOLS
209183372
05771172
32928754
- 0
- 0
- 0
(918665)
(918665)
(898226)
(748344)
- 0
- 0
16052
FARMINGTON MUNICIPAL SCHOOLS
709808631
19582952
111735053
- 0
- 0
- 0
(3117247)
(3117247)
(3047894)
(2539308)
- 0
- 0
16053
CENTRAL CONSOLIDATED SCHOOLS
497242938
13718464
78273863
- 0
- 0
- 0
(2183728)
(2183728)
(2135144)
(1778864)
- 0
- 0
16155
SAN JUAN COLLEGE
372723272
10283084
58672509
- 0
- 0
- 0
(1636878)
(1636878)
(1600461)
(1333401)
- 0
- 0
16356
MOSAIC ACADEMY CHARTER
10488019
00289355
1650982
- 0
- 0
- 0
(46060)
(46060)
(45035)
(37520)
- 0
- 0
16357
CARINOS CHARTER SCHOOL
17209176
00474785
2708995
- 0
- 0
- 0
(75577)
(75577)
(73896)
(61565)
- 0
- 0
16358
NEW MEXICO VIRTUAL ACADEMY
8945064
00246786
1408094
- 0
- 0
- 0
(39284)
(39284)
(38410)
(32001)
- 0
- 0
17054
ESPANOLA PUBLIC SCHOOLS
260245590
07179931
40966754
- 0
- 0
- 0
(1142913)
(1142913)
(1117486)
(931017)
- 0
- 0
17105
NORTHERN NEW MEXICO COLLEGE
128311258
03539987
20198213
- 0
- 0
- 0
(563501)
(563501)
(550964)
(459028)
- 0
- 0
17115
DULCE INDEPENDENT SCHOOLS
63542017
01753064
10002511
- 0
- 0
- 0
(279056)
(279056)
(272847)
(227319)
- 0
- 0
17126
CHAMA VALLEY SCHOOLS
41127543
01134670
6474122
- 0
- 0
- 0
(180619)
(180619)
(176600)
(147132)
- 0
- 0
17127
MESA VISTA CONSOLIDATED SCHOOLS
36319862
01002031
5717319
- 0
- 0
- 0
(159505)
(159505)
(155956)
(129933)
- 0
- 0
17334
LINDRITH AREA HERITAGE SCHOOL
1999722
00055170
314785
- 0
- 0
- 0
(8782)
(8782)
(8587)
(7154)
- 0
- 0
17424
MC CURDY CHARTER SCHOOL
26341385
00726734
4146549
- 0
- 0
- 0
(115683)
(115683)
(113109)
(94235)
- 0
- 0
17425
LA TIERRA MONTESSORI SCHOOL
3636882
00100338
572502
- 0
- 0
- 0
(15972)
(15972)
(15617)
(13011)
- 0
- 0
18056
CLAYTON MUNICIPAL SCHOOLS
41375879
01141522
6513217
- 0
- 0
- 0
(181709)
(181709)
(177667)
(148020)
- 0
- 0
18057
DES MOINES MUNICIPAL SCHOOLS
12824909
00353827
2018842
- 0
- 0
- 0
(56323)
(56323)
(55070)
(45881)
- 0
- 0
19059
DEMING PUBLIC SCHOOLS
358423873
09888577
56421558
- 0
- 0
- 0
(1574080)
(1574080)
(1539060)
(1282245)
- 0
- 0
19301
DEMING CESAR CHAVEZ CHARTER HIGH SCHOOL
10654211
00293940
1677143
- 0
- 0
- 0
(46790)
(46790)
(45749)
(38115)
- 0
- 0
20060
PENASCO INDEPENDENT SCHOOLS
43124424
01189762
6788462
- 0
- 0
- 0
(189388)
(189388)
(185175)
(154276)
- 0
- 0
20062
TAOS MUNICIPAL SCHOOLS
185250055
05110875
29161277
- 0
- 0
- 0
(813558)
(813558)
(795458)
(662724)
- 0
- 0
20125
QUESTA INDEPENDENT SCHOOLS
53837543
01485327
8474876
- 0
- 0
- 0
(236437)
(236437)
(231177)
(192601)
- 0
- 0
20265
TAOS ACADEMY CHARTER SCHOOL
11325900
00312471
1782875
- 0
- 0
- 0
(49740)
(49740)
(48633)
(40518)
- 0
- 0
20266
La Jicarita Community School
2194276
00060538
345414
- 0
- 0
- 0
(9637)
(9637)
(9422)
(7850)
- 0
- 0
20307
TAOS CHARTER SCHOOL
10997820
00303419
1731227
- 0
- 0
- 0
(48299)
(48299)
(47224)
(39344)
- 0
- 0
20312
RED RIVER VALLEY CHARTER SCHOOLS
4685520
00129269
737574
- 0
- 0
- 0
(20577)
(20577)
(20119)
(16762)
- 0
- 0
20316
ANANSI CHARTER SCHOOL
8137027
00224493
1280897
- 0
- 0
- 0
(35735)
(35735)
(34940)
(29110)
- 0
- 0
20317
VISTA GRANDE HIGH SCHOOL
6300504
00173825
991799
- 0
- 0
- 0
(27670)
(27670)
(27054)
(22540)
- 0
- 0
20415
TAOS INTEGRATED SCHOOL OF THE ARTS
6209169
00171305
977420
- 0
- 0
- 0
(27269)
(27269)
(26662)
(22213)
- 0
- 0
21063
TRUTH OR CONSEQUENCES MUNICIPAL SCHOOLS
108041191
02980755
17007386
- 0
- 0
- 0
(474482)
(474482)
(463925)
(386513)
- 0
- 0
21150
SOUTHWEST REGIONAL ED COOPERATIVE 10
13050923
00360063
2054423
- 0
- 0
- 0
(57315)
(57315)
(56040)
(46689)
- 0
- 0
22065
ESTANCIA MUNICPAL SCHOOLS
61525804
01697439
9685130
- 0
- 0
- 0
(270201)
(270201)
(264190)
(220106)
- 0
- 0
22066
MORIARTY-EDGEWOOD SCHOOL DISTRICT
195971575
05406671
30849009
- 0
- 0
- 0
(860643)
(860643)
(841495)
(701079)
- 0
- 0
22067
MOUNTAINAIR PUBLIC SCHOOLS
25324156
00698670
3986423
- 0
- 0
- 0
(111215)
(111215)
(108741)
(90596)
- 0
- 0
22201
ESTANCIA VALLEY CLASSICAL ACADEMY
17772159
00490317
2797617
- 0
- 0
- 0
(78049)
(78049)
(76313)
(63579)
- 0
- 0
23070
LORDSBURG MUNICIPAL SCHOOLS
51096743
01409711
8043431
- 0
- 0
- 0
(224400)
(224400)
(219408)
(182796)
- 0
- 0
23121
ANIMAS PUBLIC SCHOOLS
19292757
00532269
3036984
- 0
- 0
- 0
(84727)
(84727)
(82842)
(69019)
- 0
- 0
24072
SANTA ROSA CONSOLIDATED SCHOOLS
56809634
01567324
8942729
- 0
- 0
- 0
(249489)
(249489)
(243939)
(203234)
- 0
- 0
24073
VAUGHN MUNICIPAL SCHOOLS
12288412
00339026
1934391
- 0
- 0
- 0
(53967)
(53967)
(52766)
(43961)
- 0
- 0
25075
MAGDELENA MUNICIPAL SCHOOLS
39388022
01086678
6200292
- 0
- 0
- 0
(172979)
(172979)
(169131)
(140909)
- 0
- 0
25076
SOCORRO CONSOLIDATED SCHOOLS
119743612
03303613
18849526
- 0
- 0
- 0
(525875)
(525875)
(514175)
(428377)
- 0
- 0
25106
NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY
472350274
13031699
74355367
- 0
- 0
- 0
(2074408)
(2074408)
(2028256)
(1689812)
- 0
- 0
25319
COTTONWOOD VALLEY CHARTER SCHOOLS
11134970
00307203
1752818
- 0
- 0
- 0
(48901)
(48901)
(47813)
(39835)
- 0
- 0
26077
CAPITAN MUNICIPAL SCHOOLS
35934847
00991409
5656713
- 0
- 0
- 0
(157814)
(157814)
(154303)
(128555)
- 0
- 0
26078
CARRIZOZO MUNICIPAL SCHOOLS
15641987
00431548
2462297
- 0
- 0
- 0
(68695)
(68695)
(67166)
(55959)
- 0
- 0
26079
CORONA PUBLIC SCHOOLS
13583697
00374761
2138285
- 0
- 0
- 0
(59655)
(59655)
(58328)
(48595)
- 0
- 0
26080
HONDO VALLEY PUBLIC SCHOOLS
16942484
00467427
2667013
- 0
- 0
- 0
(74406)
(74406)
(72750)
(60611)
- 0
- 0
26081
RUIDOSO MUNICIPAL SCHOOL DISTRICT
125672227
03467178
19782784
- 0
- 0
- 0
(551911)
(551911)
(539632)
(449587)
- 0
- 0
26150
REGION IX EDUCATIONAL COOPERATIVE
31729042
00875374
4994648
- 0
- 0
- 0
(139343)
(139343)
(136243)
(113509)
- 0
- 0
27083
FORT SUMNER MUNICIPAL SCHOOLS
30489477
00841176
4799524
- 0
- 0
- 0
(133900)
(133900)
(130921)
(109075)
- 0
- 0
28084
QUEMADO INDEPENDENT SCHOOLS
17595257
00485437
2769773
- 0
- 0
- 0
(77273)
(77273)
(75554)
(62946)
- 0
- 0
28085
RESERVE INDEPENDENT SCHOOLS
18999938
00524190
2990887
- 0
- 0
- 0
(83441)
(83441)
(81585)
(67971)
- 0
- 0
29086
BERNALILLO PUBLIC SCHOOLS
256481726
07076089
40374259
- 0
- 0
- 0
(1126384)
(1126384)
(1101324)
(917552)
- 0
- 0
29087
CUBA INDEPENDENT SCHOOLS
56653909
01563028
8918217
- 0
- 0
- 0
(248805)
(248805)
(243270)
(202677)
- 0
- 0
29088
JEMEZ VALLEY PUBLIC SCHOOLS
30896483
00852405
4863593
- 0
- 0
- 0
(135687)
(135687)
(132668)
(110531)
- 0
- 0
29122
JEMEZ MOUNTAIN SCHOOL DISTRICT
31276427
00862887
4923401
- 0
- 0
- 0
(137356)
(137356)
(134300)
(111890)
- 0
- 0
29123
RIO RANCHO PUBLIC SCHOOLS
1067726236
29457561
168076913
- 0
- 0
- 0
(4689104)
(4689104)
(4584780)
(3819742)
- 0
- 0
29150
NORTHWEST REGIONAL EDUCATION 2
4890736
00134931
769880
- 0
- 0
- 0
(21479)
(21479)
(21001)
(17496)
- 0
- 0
29305
SAN DIEGO RIVERSIDE CHARTER SCHOOL
6815857
00188043
1072923
- 0
- 0
- 0
(29933)
(29933)
(29267)
(24383)
- 0
- 0
29330
WALATOWA CHARTER HIGH SCHOOL
6020020
00166087
947648
- 0
- 0
- 0
(26438)
(26438)
(25850)
(21536)
- 0
- 0
29408
THE ASK ACADEMY
13515142
00372870
2127496
- 0
- 0
- 0
(59354)
(59354)
(58034)
(48350)
- 0
- 0
30089
MORA INDEPENDENT SCHOOLS
46556291
01284444
7328692
- 0
- 0
- 0
(204460)
(204460)
(199911)
(166553)
- 0
- 0
30090
WAGON MOUND PUBLIC SCHOOLS
15846572
00437192
2494500
- 0
- 0
- 0
(69593)
(69593)
(68045)
(56690)
- 0
- 0
31091
MOSQUERO MUNICIPAL SCHOOLS
8360043
00230646
1316004
- 0
- 0
- 0
(36715)
(36715)
(35898)
(29908)
- 0
- 0
31092
ROY MUNICIPAL SCHOOLS
9840797
00271498
1549095
- 0
- 0
- 0
(43218)
(43218)
(42256)
(35205)
- 0
- 0
32093
LOS ALAMOS PUBLIC SCHOOLS
313613561
08652303
49367712
- 0
- 0
- 0
(1377288)
(1377288)
(1346646)
(1121938)
- 0
- 0
36246253697
1000000000
5705730817
- 0
- 0
- 0
(159181664)
(159181664)
(155640186)
(129669335)
- 0
- 0
New Mexico Educational Retirement Board
Schedule of Collective Pension Amounts
As of and for the year ended June 30 2014
Net Pension Liability (775 Discount)
$ 5705730813
Net Pension Liability -- 100 Decrease (675 Discount)
$ 7763304829
Net Pension Liability -- 100 Increase (875 Discount)
$ 3987098791
Deferred Outflows of Resources
Differences Between Expected and Actual Experience
$ 0
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
0
Changes in Assumptions
0
Total Deferred Outflows of Resources Excluding Employer-Specific Amounts
$ 0
Deferred Inflows of Resources
Differences Between Expected and Actual Experience
$ 84995487
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
518677364
Changes inf Assumptions
0
Total Deferred Inflows of Resources Excluding Employer-Specific Amounts
$ 603672851
Pension Plan Expense
$ 395014052
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
What Does GASB 68 Do Continued
New information to be reportedbull Description of the plan and benefits providedbull Significant assumptions used in the measurement of the
net pension liabilitybull Amounts of the net pension liability and deferred inflows
and outflows of resources related to pensionsbull Analysis of the net pension liabilityrsquos sensitivity to changes
in the discount ratebull Descriptions of changes in the assumptions used in
measuring the net pension liability
5
What does GASB 68 not do
bull Create a new liabilityPrior to GASB 68 liability was only shown at the pension
fund level bull Change what employers have to contribute to the pension
planEmployers will continue to pay rates contributions set by
statute
6
Why Does GASB Mandate this Change
GASBrsquos goals are to havebull Increased transparency however not all of the
information is helpfulbull Improve comparability among pension plan employers
7
Glossary
Current GASB 6768 ResultActuarial Accrued Liability (AAL)Present value of earned retirement benefits
Total Pension Liability (TPL)
Present value of earned retirement benefits
No change for ERB
Actuarial Value of Assets (AVA)ldquoSmoothedrdquo value of pension plan assets
Fiduciary Net Position(FNP)Fair market value of pension plan assets minus liabilities
All amounts and ratios thatuse FMV of investments will be more volatile
Unfunded Actuarial Accrued Liability (UAAL)AAL minus AVA
Net Pension Liability (NPL)TPL minus FNP
For ERB NPLltUAAL as of June 30 2014
8
Glossary continued
Current GASB 6768 Result
Funded Ratio AVAAAL Funded Ratio FNPTPLFor ERB results in a higher funded ratioWill be more volatile
Annual Required Contribution (ARC)Contribution necessary to amortize UAAL in 30 years
No longer applicableERB will track Funding Policy Contribution in actuarial valuation report
Discount Rate Use long-term earnings assumption to calculate AAL
Discount Rate Use long-term earnings assumption to calculate TPL if enough assets If not blended rate
No change for ERB
Contribution expense Total of employer contributions accrued in fiscal year
Pension expense Change in NPL from one year to the next
Will be more volatile
In summary these changes will result in a need for two different sets of books one for funding and budgeting and one for accounting
9
Current and GASB 68 Reporting
Current GASB 68ERB FS School FS ERB FS School FS
UAAL Footnote disclosure
NoneMentions participation in ERB
Footnote disclosure including sensitivity of discount rate
Proportionate share of NPL on Balance Sheet
Contribution Expense
Included in Statement of Changes in Plan Net Assets
Amount of employer contributions accrued
Included in Statement of Changes in Fiduciary Net Position
Difference between current and prior year NPL plus adjustments
10
11
GASB 68 Meanshellip New disclosures for employers
Now required to recognize and reporthellipbull proportionate share of the Planrsquos collective Net Pension Liabilitybull proportionate share of the Planrsquos pension expensebull Proportionate share of the Planrsquos deferred inflows and outflowsThese will be reported with a one-year lag
Now required to addhellipbull More disclosure notes discount rate measurement assumptions
deferred flowsbull Required Supplementary Information Schedules of net pension
liability over 10 years contributions and related ratios
12
What are ERBrsquos Options
Implementation Level Benefits Issues to Resolve1 Bargain Basement
Implement only GASB 67bull Low cost to ERB bull Employers uninformed
unstaffed for reportingbull Public image problems
2 Middle of the RoadProvide proportionate share schedules for Net Pension Liability pension expense amp deferred inflows outflows
bull NMERB meets employers halfway
bull NMERB minimizes audit responsibility
bull Member data is supplied by members
bull Who audits the allocation schedule
bull Employers still face new reporting challenges
3 Full Service PlanPrepare and disclose all calculations and disclosuresfor employers
bull Reduce employer work
bull Plan takes on more work
13
How to maximize ERBrsquos service today
bull Increase Communicationbull Leverage existing ERB website and employer portal
bull Email blasts to Employer accounting personnel bull Fact Sheet Handouts sample reporting examples newslettersbull Compliance Auditor (desk amp field audits)bull Meet with Employers in regional meetings across New Mexicobull Meet with State Auditor Public Education Department Higher
Education Departmentbull Share Real Information
bull Provide audited GASB 68 report and Required Supplementary Information to all employersbull Employer contribution reconciliationsbull Allocation schedules (Net Pension Liability Contributions
How ERB Will Help Employers with GASB 68 Disclosures
In FY15 ERB will provide all employers this audited informationbull Each employerrsquos share of the Net Pension Liability and change from
prior period (Pension Expense)bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries prior period adjustment for
NPL and language for financial statement disclosures may require customization
In FY16 and future years ERB will provide all employers this audited information
bull Each employerrsquos share of the change in Net Pension Liability (Pension Expense)
bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries and language for financial
statement disclosures may require customization
15
16
ERBrsquos Implementation Plan
bull Produce annual audited schedules engaging ERBrsquos actuary and auditor to provide an opinion onbull Employer Allocationsbull Collective Pension Amounts and Required Supplementary
Informationbull Schedules include detail information for employers financials
bull ERB will comply with AICPA best practices that will allow the employerrsquos auditor to rely on ERBrsquos auditorrsquos opinion on proportionate shares
bull Employers have responsibility to report accurate census data to ERBbull Employers assume responsibility for presentation of the information
used in their own financial statements
17
New Mexico Educational Retirement BoardSchedule of Collective Pension AmountsAs of and for the year ended June 30 2014
Net Pension Liability (775 Discount) 5705730813$ Net Pension Liability -- 100 Decrease (675 Discount) 7763304829$ Net Pension Liability -- 100 Increase (875 Discount) 3987098791$
Deferred Outflows of ResourcesDifferences Between Expected and Actual Experience 0$ Net Difference Between Projected and Actual Investment Earnings on Plan 0Changes in Assumptions 0Total Deferred Outflows of Resources Excluding Employer-Specific Amounts 0$
Deferred Inflows of ResourcesDifferences Between Expected and Actual Experience 84995487$ Net Difference Between Projected and Actual Investment Earnings on Plan Investments 518677364Changes inf Assumptions 0Total Deferred Inflows of Resources Excluding Employer-Specific Amounts 603672851$
Pension Plan Expense 395014052$
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
ERBrsquos GASB 68 Collective Amounts
68_Collective Info
68_Shares
18
19
20
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Notes to Financial StatementsSummary of Significant Accounting Policies Basis of Accounting For purposes of
measuring the net pension liability deferred outflows of resources and deferred inflows of resources related to pensions and pension expense information about the fiduciary net position of the ERB and additions todeductions from ERBrsquos fiduciary net position have been determined on the same basis as they are reported by ERB Plan For this purpose benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms Investments are reported at fair value
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense At June 30 2015 the University of ABC (UABC) reported a liability of $14910 for its proportionate share of the net pension liability The net pension liability was measured as of June 30 2015 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as June 30 2014 UABCrsquos proportion of the net pension liability was based on UABCrsquos contributions to ERB for the year ending June 30 2015 relative to the total contribution for all employers participating in ERB a projection of the long-term share of contributions to the pension plan relative to projected contributions of all participating school districts actuarially determined At June 30 2015 UABCrsquos proportion was XX percent which was an increase of XX percent from its proportion measured as of June 30 2014
Sample Employer GASB 68 Disclosures
21
Sample Employer GASB 68 Disclosureshellipcont
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense (Cont)For the year ended June 30 2015 UABC recognized pension expense of $2394 At June 30 2015 reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources
Payable to the Pension Plan At June 30 2015 UABC reported a payable of $5432 for the outstanding contributions to the pension plan required for the year ended June 30 2015
Deferred Outflowsof Resources
Deferred Inflowsof Resources
Differences between expected and actual experience $ 2657 $ 142
Changes of assumptions 1714 130
Net difference between projected and actual earnings on pension plan investments
- 2194
Changes in proportion and differences between UABC contributions and proportionate share of contributions
753 156
UABC contributions subsequent to the measurement date 1065 -
Total $ 6189 $ 2622
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Questions
22
Appendix A page 1ERB Actuarials at a Glance
23
Fiscal Year 63012 63013 63014 63014GASB 67
UAAL $62B $65B $63B $57B
Funded Ratio 607 601 631 669
Funding Period Infinite 951 years 421 years Not applicable
Funding Policy
Contribution1759 1747 1632 Not applicable
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
New Mexico Educational Retirement Board
Deferred Outflows
Deferred Inflows
Schedule of Employer-Specific Pension Amounts
of Resources
of Resources
Pension Expense
Subsequent Recognition of Deferred Amounts
As of and for the year ended June 30 2014
Net Amortization
of Deferred
Amounts from
Changes in
Changes in
Changes in
Proportion
Proportion
Proportion
and Differences
and Differences
and Differences
Between
Between
Between
Employer
Employer
Employer
Contributions
Contributions
Contributions
and Proportionate
and Proportionate
and Proportionate
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Net Pension Liability
Share of
Share of
Share of
Ending
Ending
Ending
Ending
Ending
ER Code
Employer Name
Contribution
Employer Allocation Percentage
(775 Discount)
Contributions
Contributions
Contributions
2015
2016
2017
2018
2019
Thereafter
01001
POJOAQUE VALLEY SCHOOLS
130138115
03590388
20485787
- 0
- 0
- 0
(571524)
(571524)
(558809)
(465563)
- 0
- 0
01002
SANTA FE PUBLIC SCHOOLS
903846552
24936275
142279673
- 0
- 0
- 0
(3969398)
(3969398)
(3881086)
(3233470)
- 0
- 0
01003
SANTA FE COMMUNITY COLLEGE
285623563
07880085
44961644
- 0
- 0
- 0
(1254365)
(1254365)
(1226458)
(1021805)
- 0
- 0
01094
NEW MEXICO SCHOOL FOR THE DEAF
55303678
01525776
8705667
- 0
- 0
- 0
(242876)
(242876)
(237472)
(197846)
- 0
- 0
01301
THE ACADEMY FOR TECHNOLOGY amp THE CLASSICS
22265370
00614281
3504922
- 0
- 0
- 0
(97782)
(97782)
(95607)
(79653)
- 0
- 0
01306
MONTE DEL SOL CHARTER SCHOOL
27346513
00754465
4304774
- 0
- 0
- 0
(120097)
(120097)
(117425)
(97831)
- 0
- 0
01315
TURQUOISE TRAIL CHARTER SCHOOL
29690099
00819122
4673690
- 0
- 0
- 0
(130389)
(130389)
(127488)
(106215)
- 0
- 0
01341
STATE OF NEW MEXICO
121504115
03352184
19126660
- 0
- 0
- 0
(533606)
(533606)
(521735)
(434675)
- 0
- 0
01343
TIERRA ENCANTADA CHARTER SCHOOL
18916878
00521899
2977815
- 0
- 0
- 0
(83077)
(83077)
(81228)
(67674)
- 0
- 0
01398
THE MASTERS PROGRAM
11557405
00318858
1819318
- 0
- 0
- 0
(50756)
(50756)
(49627)
(41346)
- 0
- 0
01416
NEW MEXICO SCHOOL FOR THE ARTS
14899946
00411075
2345483
- 0
- 0
- 0
(65436)
(65436)
(63980)
(53304)
- 0
- 0
01418
New Mexico Connections Academy
10201256
00281443
1605838
- 0
- 0
- 0
(44801)
(44801)
(43804)
(36495)
- 0
- 0
02003
ALBUQUERQUE PUBLIC SCHOOLS
6164408173
170070218
970374883
- 0
- 0
- 0
(27072060)
(27072060)
(26469760)
(22052893)
- 0
- 0
02095
UNIVERSITY OF NEW MEXICO
5918270140
163279499
931628869
- 0
- 0
- 0
(25991102)
(25991102)
(25412851)
(21172345)
- 0
- 0
02123
CENTRAL NEW MEXICO COMMUNITY COLLEGE
965367901
26633591
151964101
- 0
- 0
- 0
(4239579)
(4239579)
(4145257)
(3453560)
- 0
- 0
02148
NEW MEXICO ACTIVITIES ASSOCIATION
13674332
00377262
2152555
- 0
- 0
- 0
(60053)
(60053)
(58717)
(48919)
- 0
- 0
02150
CENTRAL REGIONAL EDUCATION COOP
32918525
00908191
5181893
- 0
- 0
- 0
(144567)
(144567)
(141351)
(117765)
- 0
- 0
02295
UNIVERSITY HOSPITALS
38915116
01073631
6125849
- 0
- 0
- 0
(170902)
(170902)
(167100)
(139217)
- 0
- 0
02303
AMY BIEHL HIGH SCHOOL
24086383
00664521
3791578
- 0
- 0
- 0
(105780)
(105780)
(103426)
(86168)
- 0
- 0
02304
EAST MOUNTAIN HIGH SCHOOL
24508244
00676159
3857981
- 0
- 0
- 0
(107632)
(107632)
(105238)
(87677)
- 0
- 0
02308
TWENTY-FIRST CENTURY PUBLIC ACADEMY
10638203
00293498
1674621
- 0
- 0
- 0
(46720)
(46720)
(45680)
(38058)
- 0
- 0
02309
SOUTH VALLEY ACADEMY
27055891
00746447
4259026
- 0
- 0
- 0
(118821)
(118821)
(116177)
(96791)
- 0
- 0
02310
SOUTHWEST SECONDARY LEARNING CENTER
12754266
00351878
2007721
- 0
- 0
- 0
(56013)
(56013)
(54766)
(45628)
- 0
- 0
02311
NUESTROS VALORES CHARTER SCHOOL
8467810
00233619
1332967
- 0
- 0
- 0
(37188)
(37188)
(36361)
(30293)
- 0
- 0
02313
ROOTS AND WINGS COMMUNITY SCHOOL
3195446
00088159
503012
- 0
- 0
- 0
(14033)
(14033)
(13721)
(11432)
- 0
- 0
02314
THE LEARNING COMMUNITY CHARTER
12127601
00334589
1909075
- 0
- 0
- 0
(53260)
(53260)
(52075)
(43386)
- 0
- 0
02318
ROBERT F KENNEDY CHARTER SCHOOL
19636783
00541760
3091137
- 0
- 0
- 0
(86238)
(86238)
(84320)
(70250)
- 0
- 0
02320
PUBLIC ACADEMY FOR PERFORMING ARTS
22952684
00633243
3613114
- 0
- 0
- 0
(100801)
(100801)
(98558)
(82112)
- 0
- 0
02322
LOS PUENTES CHARTER SCHOOL
15963339
00440413
2512878
- 0
- 0
- 0
(70106)
(70106)
(68546)
(57108)
- 0
- 0
02323
EL CAMINO REAL ACADEMY
25600416
00706291
4029906
- 0
- 0
- 0
(112429)
(112429)
(109927)
(91584)
- 0
- 0
02327
HORIZON ACADEMY WEST
22209646
00612743
3496147
- 0
- 0
- 0
(97537)
(97537)
(95367)
(79454)
- 0
- 0
02328
NORTH VALLEY ACADEMY
21177733
00584274
3333710
- 0
- 0
- 0
(93006)
(93006)
(90937)
(75762)
- 0
- 0
02329
LA ACADEMIA DE ESPERANZA
32216102
00888812
5071322
- 0
- 0
- 0
(141483)
(141483)
(138335)
(115252)
- 0
- 0
02331
LA ACADEMIA DE LENGUA Y CULTURA
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02334
MONTESSORI OF THE RIO GRANDE CHARTER SCHOOL
13170269
00363355
2073206
- 0
- 0
- 0
(57839)
(57839)
(56553)
(47116)
- 0
- 0
02336
CESAR CHAVEZ COMMUNITY SCHOOL
13344118
00368152
2100576
- 0
- 0
- 0
(58603)
(58603)
(57299)
(47738)
- 0
- 0
02338
CREATIVE EDUCATION PREPARATORY INSTITUTE 1
13923018
00384123
2191702
- 0
- 0
- 0
(61145)
(61145)
(59785)
(49809)
- 0
- 0
02339
GILBERT L SENA CHARTER HIGH SCHOOL
13971841
00385470
2199388
- 0
- 0
- 0
(61360)
(61360)
(59995)
(49984)
- 0
- 0
02340
SCHOOL FOR INTEGRATED ACADEMICS amp TECHNOLOGIES
17385947
00479662
2736822
- 0
- 0
- 0
(76353)
(76353)
(74655)
(62197)
- 0
- 0
02341
ALB INSTITUTE FOR MATH AND SCIENCE UNM
17455816
00481590
2747823
- 0
- 0
- 0
(76660)
(76660)
(74955)
(62447)
- 0
- 0
02342
MOUNTAIN MAHOGONY COMMUNITY
11336352
00312759
1784519
- 0
- 0
- 0
(49785)
(49785)
(48678)
(40555)
- 0
- 0
02343
LA PROMESA EARLY LEARNING
22284215
00614801
3507889
- 0
- 0
- 0
(97865)
(97865)
(95688)
(79721)
- 0
- 0
02344
ACADEMY OF TRADES AND TECHNOLOGY (YOUTH BUILD CO)
9306534
00256759
1464998
- 0
- 0
- 0
(40871)
(40871)
(39962)
(33294)
- 0
- 0
02345
SOUTHWEST INTERMEDIATE LEARNING CTR (LA LUZ DEL M)
6003345
00165627
945023
- 0
- 0
- 0
(26365)
(26365)
(25778)
(21477)
- 0
- 0
02346
SOUTHWEST PRIMARY LEARNING CENTER
6508031
00179550
1024464
- 0
- 0
- 0
(28581)
(28581)
(27945)
(23282)
- 0
- 0
02350
DIGITAL ARTS AND TECHNOLOGY ACADEMY
18276643
00504235
2877029
- 0
- 0
- 0
(80265)
(80265)
(78479)
(65384)
- 0
- 0
02351
THE MONTESSORI ELEMENTARY SCHOOL
15956095
00440214
2511743
- 0
- 0
- 0
(70074)
(70074)
(68515)
(57082)
- 0
- 0
02353
CHRISTINE DUNCANS HERITAGE ACADEMY
11567894
00319147
1820967
- 0
- 0
- 0
(50802)
(50802)
(49672)
(41384)
- 0
- 0
02354
NATIVE AMERICAN COMMUNITY ACADEMY
24618203
00679193
3875292
- 0
- 0
- 0
(108115)
(108115)
(105710)
(88071)
- 0
- 0
02355
RALPH J BUNCHE ACADEMY
5170362
00142645
813894
- 0
- 0
- 0
(22706)
(22706)
(22201)
(18497)
- 0
- 0
02356
ALICE KING COMMUNITY SCHOOL(N ALB COOP C C)
15945481
00439921
2510071
- 0
- 0
- 0
(70027)
(70027)
(68469)
(57044)
- 0
- 0
02357
LA RESOLANA LEADERSHIP ACADEMY
5266902
00145309
829094
- 0
- 0
- 0
(23131)
(23131)
(22616)
(18842)
- 0
- 0
02358
VILLAGE ACADEMY CHARTER SCHOOL
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02360
BATAAN MILITARY ACADEMY
9938807
00274202
1564523
- 0
- 0
- 0
(43648)
(43648)
(42677)
(35556)
- 0
- 0
02361
ALBUQUERQUE TALENT DEVELOPMENT SECONDARY CHARTER
11434102
00315456
1799907
- 0
- 0
- 0
(50215)
(50215)
(49098)
(40905)
- 0
- 0
02362
GORDON BERNELL CHARTER SCHOOL
32236740
00889381
5074569
- 0
- 0
- 0
(141573)
(141573)
(138423)
(115325)
- 0
- 0
02363
CORRALES INTERNATIONAL SCHOOL
17491523
00482575
2753443
- 0
- 0
- 0
(76817)
(76817)
(75108)
(62575)
- 0
- 0
02364
COTTONWOOD CLASSICAL PREP SCHOOL
27174715
00749725
4277729
- 0
- 0
- 0
(119342)
(119342)
(116687)
(97216)
- 0
- 0
02365
MEDIA ARTS COLLABORATIVE CHARTER SCHOOL
12988950
00358353
2044666
- 0
- 0
- 0
(57043)
(57043)
(55774)
(46467)
- 0
- 0
02366
THE NEW AMERICA SCHOOL
15162026
00418306
2386741
- 0
- 0
- 0
(66587)
(66587)
(65105)
(54241)
- 0
- 0
02367
CIEN AGUAS INTERNATIONAL SCHOOL
16645455
00459232
2620254
- 0
- 0
- 0
(73101)
(73101)
(71475)
(59548)
- 0
- 0
02368
THE INTERNATIONAL SCH AT MESA DEL SOL
15953529
00440143
2511337
- 0
- 0
- 0
(70063)
(70063)
(68504)
(57073)
- 0
- 0
02370
TIERRA ADENTRO OF NEW MEXICO
14574532
00402098
2294263
- 0
- 0
- 0
(64007)
(64007)
(62583)
(52140)
- 0
- 0
02390
ACE LEADERSHIP HIGH SCHOOL
21477933
00592556
3380965
- 0
- 0
- 0
(94324)
(94324)
(92226)
(76836)
- 0
- 0
02396
SOUTH VALLEY PREPARATORY SCHOOL
9352262
00258020
1472193
- 0
- 0
- 0
(41072)
(41072)
(40158)
(33457)
- 0
- 0
02402
ALBUQUERQUE SIGN LANGUAGE ACADEMY
12136863
00334845
1910535
- 0
- 0
- 0
(53301)
(53301)
(52115)
(43419)
- 0
- 0
02412
ALBUQUERQUE SCHOOL OF EXCELLENCE
12941978
00357057
2037271
- 0
- 0
- 0
(56837)
(56837)
(55572)
(46299)
- 0
- 0
02413
THE GREAT ACADEMY
9104631
00251188
1433211
- 0
- 0
- 0
(39985)
(39985)
(39095)
(32571)
- 0
- 0
02414
THE NEW MEXICO INTERNATIONAL SCHOOL
9093315
00250876
1431431
- 0
- 0
- 0
(39935)
(39935)
(39046)
(32531)
- 0
- 0
02417
WILLIAM W amp JOSEPHINE DORN CHARTER COMMUNITY SCHOO
2499702
00068964
393490
- 0
- 0
- 0
(10978)
(10978)
(10734)
(8943)
- 0
- 0
02418
SAGE MONTESSORI CHARTER SCHOOL
7486288
00206540
1178462
- 0
- 0
- 0
(32877)
(32877)
(32146)
(26782)
- 0
- 0
02420
SOUTHWEST AERONAUTICS MATH amp SCIENCE ACADEMY
9312685
00256928
1465962
- 0
- 0
- 0
(40898)
(40898)
(39988)
(33316)
- 0
- 0
02421
CORAL COMMUNITY CHARTER SCHOOL
5518744
00152257
868737
- 0
- 0
- 0
(24237)
(24237)
(23697)
(19743)
- 0
- 0
02425
MISSION ACHIEVEMENT AND SUCCESS CHARTER SCHOOL
15952839
00440124
2511229
- 0
- 0
- 0
(70060)
(70060)
(68501)
(57071)
- 0
- 0
02430
Health Leadership Community School
9697716
00267551
1526574
- 0
- 0
- 0
(42589)
(42589)
(41642)
(34693)
- 0
- 0
03004
ARTESIA PUBLIC SCHOOLS
249203786
06875298
39228600
- 0
- 0
- 0
(1094421)
(1094421)
(1070073)
(891515)
- 0
- 0
03005
CARLSBAD MUNICIPAL SCHOOLS
457710863
12627812
72050896
- 0
- 0
- 0
(2010116)
(2010116)
(1965395)
(1637440)
- 0
- 0
03006
LOVING MUNICIPAL SCHOOLS
45366532
01251620
7141407
- 0
- 0
- 0
(199235)
(199235)
(194802)
(162297)
- 0
- 0
03321
JEFFERSON MONTESSORI ACADEMY
14230129
00392596
2240047
- 0
- 0
- 0
(62494)
(62494)
(61104)
(50908)
- 0
- 0
04008
DEXTER CONSOLIDATED SCHOOLS
74126962
02045093
11668750
- 0
- 0
- 0
(325541)
(325541)
(318299)
(265186)
- 0
- 0
04009
HAGERMAN MUNICIPAL SCHOOLS
35432505
00977549
5577631
- 0
- 0
- 0
(155608)
(155608)
(152146)
(126758)
- 0
- 0
04010
LAKE ARTHUR MUNICIPAL SCHOOLS
13637822
00376255
2146810
- 0
- 0
- 0
(59893)
(59893)
(58560)
(48789)
- 0
- 0
04011
ROSWELL INDEPENDENT SCHOOLS
615946152
16993374
96959618
- 0
- 0
- 0
(2705034)
(2705034)
(2644852)
(2203520)
- 0
- 0
04097
NEW MEXICO MILITARY INSTITUTE
168542271
04649923
26531209
- 0
- 0
- 0
(740182)
(740182)
(723715)
(602952)
- 0
- 0
04317
SIDNEY GUTIERREZ MIDDLE SCHOOL
4080477
00112577
642334
- 0
- 0
- 0
(17920)
(17920)
(17522)
(14598)
- 0
- 0
05011
CLOVIS COMMUNITY COLLEGE
91114505
02513763
14342855
- 0
- 0
- 0
(400145)
(400145)
(391243)
(325958)
- 0
- 0
05012
CLOVIS MUNICIPAL SCHOOLS
529906737
14619628
83415662
- 0
- 0
- 0
(2327177)
(2327177)
(2275402)
(1895717)
- 0
- 0
05013
GRADY MUNICIPAL SCHOOLS
13422095
00370303
2112849
- 0
- 0
- 0
(58945)
(58945)
(57634)
(48017)
- 0
- 0
05014
MELROSE SCHOOLS
20092869
00554343
3162932
- 0
- 0
- 0
(88241)
(88241)
(86278)
(71881)
- 0
- 0
05015
TEXICO MUNICIPAL SCHOOLS
46844881
01292406
7374121
- 0
- 0
- 0
(205727)
(205727)
(201150)
(167585)
- 0
- 0
05016
REGIONAL EDUCATIONAL CENTER 6
8833229
00243700
1390487
- 0
- 0
- 0
(38793)
(38793)
(37930)
(31600)
- 0
- 0
06016
EUNICE PUBLIC SCHOOLS
47356967
01306534
7454731
- 0
- 0
- 0
(207976)
(207976)
(203349)
(169417)
- 0
- 0
06017
HOBBS MUNICIPAL SCHOOLS
528484026
14580377
83191706
- 0
- 0
- 0
(2320929)
(2320929)
(2269293)
(1890628)
- 0
- 0
06018
JAL PUBLIC SCHOOLS
34332805
00947210
5404525
- 0
- 0
- 0
(150778)
(150778)
(147424)
(122824)
- 0
- 0
06019
LOVINGTON MUNICIPAL SCHOOLS
228661774
06308563
35994962
- 0
- 0
- 0
(1004208)
(1004208)
(981866)
(818027)
- 0
- 0
06020
TATUM MUNICIPAL SCHOOLS
32371140
00893089
5095725
- 0
- 0
- 0
(142163)
(142163)
(139001)
(115806)
- 0
- 0
06124
NEW MEXICO JUNIOR COLLEGE
143512547
03959376
22591134
- 0
- 0
- 0
(630260)
(630260)
(616238)
(513410)
- 0
- 0
06150
REGIONAL EDUCATIONAL COOP 7
2672852
00073741
420746
- 0
- 0
- 0
(11738)
(11738)
(11477)
(9562)
- 0
- 0
07021
GADSDEN INDEPENDENT SCHOOLS
954445594
26332255
150244759
- 0
- 0
- 0
(4191612)
(4191612)
(4098357)
(3414486)
- 0
- 0
07022
HATCH VALLEY PUBLIC SCHOOLS
101411144
02797838
15963710
- 0
- 0
- 0
(445365)
(445365)
(435456)
(362794)
- 0
- 0
07023
LAS CRUCES PUBLIC SCHOOLS
1700239556
46908008
267644467
- 0
- 0
- 0
(7466895)
(7466895)
(7300771)
(6082530)
- 0
- 0
07098
NEW MEXICO STATE UNIVERSITY
2740590573
75610313
431412093
- 0
- 0
- 0
(12035775)
(12035775)
(11768003)
(9804339)
- 0
- 0
07335
ALMA DARTE CHARTER HIGH SCHOOL
14804322
00408437
2330432
- 0
- 0
- 0
(65016)
(65016)
(63569)
(52962)
- 0
- 0
07337
LA ACADEMIA DOLORES HUERTA
9581137
00264335
1508224
- 0
- 0
- 0
(42077)
(42077)
(41141)
(34276)
- 0
- 0
07338
LAS MONTANAS CHARTER HIGH SCHOOL
14737236
00406586
2319870
- 0
- 0
- 0
(64721)
(64721)
(63281)
(52722)
- 0
- 0
07339
ANTHONY CHARTER SCHOOL
5217470
00143945
821311
- 0
- 0
- 0
(22913)
(22913)
(22404)
(18665)
- 0
- 0
07420
J PAUL TAYLOR ACADEMY
10921121
00301303
1719154
- 0
- 0
- 0
(47962)
(47962)
(46895)
(39070)
- 0
- 0
07421
NEW AMERICA SCHOOL-LAS CRUCES
12850101
00354522
2022807
- 0
- 0
- 0
(56433)
(56433)
(55178)
(45971)
- 0
- 0
08024
COBRE CONSOLIDATED SCHOOLS
107900060
02976861
16985168
- 0
- 0
- 0
(473862)
(473862)
(463319)
(386008)
- 0
- 0
08026
SILVER CONSOLIDATED SCHOOLS
223923812
06177847
35249132
- 0
- 0
- 0
(983400)
(983400)
(961521)
(801077)
- 0
- 0
08099
WESTERN NEW MEXICO UNIVERSITY
228493287
06303915
35968442
- 0
- 0
- 0
(1003468)
(1003468)
(981142)
(817424)
- 0
- 0
08347
ALDO LEOPOLD HIGH SCHOOL
11975600
00330396
1885151
- 0
- 0
- 0
(52593)
(52593)
(51423)
(42842)
- 0
- 0
09027
CIMARRON MUNICIPAL SCHOOLS
33888261
00934945
5334544
- 0
- 0
- 0
(148826)
(148826)
(145515)
(121234)
- 0
- 0
09028
MAXWELL MUNICIPAL SCHOOLS
15196104
00419246
2392105
- 0
- 0
- 0
(66736)
(66736)
(65252)
(54363)
- 0
- 0
09029
RATON PUBLIC SCHOOLS
80720720
02227009
12706714
- 0
- 0
- 0
(354499)
(354499)
(346612)
(288775)
- 0
- 0
09030
SPRINGER MUNICIPAL SCHOOLS
19298679
00532432
3037914
- 0
- 0
- 0
(84753)
(84753)
(82868)
(69040)
- 0
- 0
09150
HIGH PLAINS REGIONAL EDUCATIONAL COOP 3
12699970
00350380
1999174
- 0
- 0
- 0
(55774)
(55774)
(54533)
(45434)
- 0
- 0
09324
MORENO VALLEY HIGH SCHOOL
7446232
00205435
1172157
- 0
- 0
- 0
(32701)
(32701)
(31974)
(26639)
- 0
- 0
10032
SAN JON SCHOOLS
14631539
00403670
2303232
- 0
- 0
- 0
(64257)
(64257)
(62827)
(52344)
- 0
- 0
10033
TUCUMCARI PUBLIC SCHOOLS
74492978
02055191
11726367
- 0
- 0
- 0
(327149)
(327149)
(319870)
(266495)
- 0
- 0
10119
HOUSE MUNICIPAL SCHOOLS
14003541
00386345
2204381
- 0
- 0
- 0
(61499)
(61499)
(60131)
(50097)
- 0
- 0
10120
LOGAN MUNICIPAL SCHOOLS
25199979
00695244
3966875
- 0
- 0
- 0
(110670)
(110670)
(108208)
(90152)
- 0
- 0
10141
MESALANDS COMMUNITY COLLEGE
35425739
00977363
5576570
- 0
- 0
- 0
(155578)
(155578)
(152117)
(126734)
- 0
- 0
11034
ELIDA MUNICIPAL SCHOOLS
14152846
00390464
2227882
- 0
- 0
- 0
(62155)
(62155)
(60772)
(50631)
- 0
- 0
11035
PORTALES MUNICIPAL SCHOOLS
202486725
05586418
31874597
- 0
- 0
- 0
(889255)
(889255)
(869471)
(724387)
- 0
- 0
11101
EASTERN NEW MEXICO UNIVERSITY - PORTALES
321726936
08876143
50644883
- 0
- 0
- 0
(1412919)
(1412919)
(1381485)
(1150964)
- 0
- 0
11102
EASTERN NM UNIVERSITY - ROSWELL
132681232
03660550
20886113
- 0
- 0
- 0
(582692)
(582692)
(569729)
(474661)
- 0
- 0
11117
DORA CONSOLIDATED SCHOOLS
23215804
00640502
3654532
- 0
- 0
- 0
(101956)
(101956)
(99688)
(83053)
- 0
- 0
11118
FLOYD MUNICIPAL SCHOOLS
22040516
00608077
3469524
- 0
- 0
- 0
(96795)
(96795)
(94641)
(78849)
- 0
- 0
12037
LAS VEGAS CITY SCHOOLS
125424467
03460343
19743786
- 0
- 0
- 0
(550823)
(550823)
(538568)
(448700)
- 0
- 0
12038
WEST LAS VEGAS SCHOOLS
135571770
03740297
21341128
- 0
- 0
- 0
(595387)
(595387)
(582141)
(485002)
- 0
- 0
12039
PECOS INDEPENDENT SCHOOLS
57989889
01599886
9128519
- 0
- 0
- 0
(254673)
(254673)
(249007)
(207456)
- 0
- 0
12102
NEW MEXICO HIGHLANDS UNIVERSITY
293679047
08102328
46229703
- 0
- 0
- 0
(1289742)
(1289742)
(1261048)
(1050624)
- 0
- 0
12128
LUNA COMMUNITY COLLEGE
77802974
02146511
12247414
- 0
- 0
- 0
(341685)
(341685)
(334083)
(278337)
- 0
- 0
12150
PECOS VALLEY REC 8
6405772
00176729
1008368
- 0
- 0
- 0
(28132)
(28132)
(27506)
(22916)
- 0
- 0
12151
NORTHEAST REGIONAL EDUCATION COOP
7566786
00208760
1191128
- 0
- 0
- 0
(33231)
(33231)
(32491)
(27070)
- 0
- 0
13041
GALLUP MCKINLEY COUNTY SCHOOLS
874308315
24121343
137629890
- 0
- 0
- 0
(3839676)
(3839676)
(3754250)
(3127799)
- 0
- 0
13142
ZUNI PUBLIC SCHOOLS
130100988
03589364
20479945
- 0
- 0
- 0
(571361)
(571361)
(558649)
(465430)
- 0
- 0
13369
MIDDLE COLLEGE HIGH SCHOOL
5022305
00138561
790592
- 0
- 0
- 0
(22056)
(22056)
(21566)
(17967)
- 0
- 0
13430
UPLIFT COMMUNITY SCHOOL
8929543
00246358
1405652
- 0
- 0
- 0
(39216)
(39216)
(38343)
(31945)
- 0
- 0
14043
BELEN CONSOLIDATED SCHOOLS
282020844
07780689
44394517
- 0
- 0
- 0
(1238543)
(1238543)
(1210988)
(1008917)
- 0
- 0
14044
GRANTS-CIBOLA COUNTY SCHOOLS
270364497
07459102
42559628
- 0
- 0
- 0
(1187352)
(1187352)
(1160936)
(967217)
- 0
- 0
14045
LOS LUNAS SCHOOLS
516619864
14253055
81324095
- 0
- 0
- 0
(2268825)
(2268825)
(2218348)
(1848184)
- 0
- 0
14366
SCHOOL OF DREAMS ACADEMY
16804216
00463612
2645245
- 0
- 0
- 0
(73799)
(73799)
(72157)
(60116)
- 0
- 0
15046
ALAMOGORDO PUBLIC SCHOOLS
369877443
10204570
58224529
- 0
- 0
- 0
(1624380)
(1624380)
(1588241)
(1323220)
- 0
- 0
15047
CLOUDCROFT MUNICIPAL SCHOOLS
30771554
00848958
4843926
- 0
- 0
- 0
(135139)
(135139)
(132132)
(110084)
- 0
- 0
15049
TULAROSA MUNICIPAL SCHOOLS
68396924
01887007
10766754
- 0
- 0
- 0
(300377)
(300377)
(293694)
(244687)
- 0
- 0
15104
NEW MEXICO SCHOOL FT BLIND amp VISUALLY IMPAIRED
79976142
02206466
12589501
- 0
- 0
- 0
(351229)
(351229)
(343415)
(286111)
- 0
- 0
16050
AZTEC MUNICIPAL SCHOOLS
187894163
05183823
29577499
- 0
- 0
- 0
(825170)
(825170)
(806811)
(672183)
- 0
- 0
16051
BLOOMFIELD SCHOOLS
209183372
05771172
32928754
- 0
- 0
- 0
(918665)
(918665)
(898226)
(748344)
- 0
- 0
16052
FARMINGTON MUNICIPAL SCHOOLS
709808631
19582952
111735053
- 0
- 0
- 0
(3117247)
(3117247)
(3047894)
(2539308)
- 0
- 0
16053
CENTRAL CONSOLIDATED SCHOOLS
497242938
13718464
78273863
- 0
- 0
- 0
(2183728)
(2183728)
(2135144)
(1778864)
- 0
- 0
16155
SAN JUAN COLLEGE
372723272
10283084
58672509
- 0
- 0
- 0
(1636878)
(1636878)
(1600461)
(1333401)
- 0
- 0
16356
MOSAIC ACADEMY CHARTER
10488019
00289355
1650982
- 0
- 0
- 0
(46060)
(46060)
(45035)
(37520)
- 0
- 0
16357
CARINOS CHARTER SCHOOL
17209176
00474785
2708995
- 0
- 0
- 0
(75577)
(75577)
(73896)
(61565)
- 0
- 0
16358
NEW MEXICO VIRTUAL ACADEMY
8945064
00246786
1408094
- 0
- 0
- 0
(39284)
(39284)
(38410)
(32001)
- 0
- 0
17054
ESPANOLA PUBLIC SCHOOLS
260245590
07179931
40966754
- 0
- 0
- 0
(1142913)
(1142913)
(1117486)
(931017)
- 0
- 0
17105
NORTHERN NEW MEXICO COLLEGE
128311258
03539987
20198213
- 0
- 0
- 0
(563501)
(563501)
(550964)
(459028)
- 0
- 0
17115
DULCE INDEPENDENT SCHOOLS
63542017
01753064
10002511
- 0
- 0
- 0
(279056)
(279056)
(272847)
(227319)
- 0
- 0
17126
CHAMA VALLEY SCHOOLS
41127543
01134670
6474122
- 0
- 0
- 0
(180619)
(180619)
(176600)
(147132)
- 0
- 0
17127
MESA VISTA CONSOLIDATED SCHOOLS
36319862
01002031
5717319
- 0
- 0
- 0
(159505)
(159505)
(155956)
(129933)
- 0
- 0
17334
LINDRITH AREA HERITAGE SCHOOL
1999722
00055170
314785
- 0
- 0
- 0
(8782)
(8782)
(8587)
(7154)
- 0
- 0
17424
MC CURDY CHARTER SCHOOL
26341385
00726734
4146549
- 0
- 0
- 0
(115683)
(115683)
(113109)
(94235)
- 0
- 0
17425
LA TIERRA MONTESSORI SCHOOL
3636882
00100338
572502
- 0
- 0
- 0
(15972)
(15972)
(15617)
(13011)
- 0
- 0
18056
CLAYTON MUNICIPAL SCHOOLS
41375879
01141522
6513217
- 0
- 0
- 0
(181709)
(181709)
(177667)
(148020)
- 0
- 0
18057
DES MOINES MUNICIPAL SCHOOLS
12824909
00353827
2018842
- 0
- 0
- 0
(56323)
(56323)
(55070)
(45881)
- 0
- 0
19059
DEMING PUBLIC SCHOOLS
358423873
09888577
56421558
- 0
- 0
- 0
(1574080)
(1574080)
(1539060)
(1282245)
- 0
- 0
19301
DEMING CESAR CHAVEZ CHARTER HIGH SCHOOL
10654211
00293940
1677143
- 0
- 0
- 0
(46790)
(46790)
(45749)
(38115)
- 0
- 0
20060
PENASCO INDEPENDENT SCHOOLS
43124424
01189762
6788462
- 0
- 0
- 0
(189388)
(189388)
(185175)
(154276)
- 0
- 0
20062
TAOS MUNICIPAL SCHOOLS
185250055
05110875
29161277
- 0
- 0
- 0
(813558)
(813558)
(795458)
(662724)
- 0
- 0
20125
QUESTA INDEPENDENT SCHOOLS
53837543
01485327
8474876
- 0
- 0
- 0
(236437)
(236437)
(231177)
(192601)
- 0
- 0
20265
TAOS ACADEMY CHARTER SCHOOL
11325900
00312471
1782875
- 0
- 0
- 0
(49740)
(49740)
(48633)
(40518)
- 0
- 0
20266
La Jicarita Community School
2194276
00060538
345414
- 0
- 0
- 0
(9637)
(9637)
(9422)
(7850)
- 0
- 0
20307
TAOS CHARTER SCHOOL
10997820
00303419
1731227
- 0
- 0
- 0
(48299)
(48299)
(47224)
(39344)
- 0
- 0
20312
RED RIVER VALLEY CHARTER SCHOOLS
4685520
00129269
737574
- 0
- 0
- 0
(20577)
(20577)
(20119)
(16762)
- 0
- 0
20316
ANANSI CHARTER SCHOOL
8137027
00224493
1280897
- 0
- 0
- 0
(35735)
(35735)
(34940)
(29110)
- 0
- 0
20317
VISTA GRANDE HIGH SCHOOL
6300504
00173825
991799
- 0
- 0
- 0
(27670)
(27670)
(27054)
(22540)
- 0
- 0
20415
TAOS INTEGRATED SCHOOL OF THE ARTS
6209169
00171305
977420
- 0
- 0
- 0
(27269)
(27269)
(26662)
(22213)
- 0
- 0
21063
TRUTH OR CONSEQUENCES MUNICIPAL SCHOOLS
108041191
02980755
17007386
- 0
- 0
- 0
(474482)
(474482)
(463925)
(386513)
- 0
- 0
21150
SOUTHWEST REGIONAL ED COOPERATIVE 10
13050923
00360063
2054423
- 0
- 0
- 0
(57315)
(57315)
(56040)
(46689)
- 0
- 0
22065
ESTANCIA MUNICPAL SCHOOLS
61525804
01697439
9685130
- 0
- 0
- 0
(270201)
(270201)
(264190)
(220106)
- 0
- 0
22066
MORIARTY-EDGEWOOD SCHOOL DISTRICT
195971575
05406671
30849009
- 0
- 0
- 0
(860643)
(860643)
(841495)
(701079)
- 0
- 0
22067
MOUNTAINAIR PUBLIC SCHOOLS
25324156
00698670
3986423
- 0
- 0
- 0
(111215)
(111215)
(108741)
(90596)
- 0
- 0
22201
ESTANCIA VALLEY CLASSICAL ACADEMY
17772159
00490317
2797617
- 0
- 0
- 0
(78049)
(78049)
(76313)
(63579)
- 0
- 0
23070
LORDSBURG MUNICIPAL SCHOOLS
51096743
01409711
8043431
- 0
- 0
- 0
(224400)
(224400)
(219408)
(182796)
- 0
- 0
23121
ANIMAS PUBLIC SCHOOLS
19292757
00532269
3036984
- 0
- 0
- 0
(84727)
(84727)
(82842)
(69019)
- 0
- 0
24072
SANTA ROSA CONSOLIDATED SCHOOLS
56809634
01567324
8942729
- 0
- 0
- 0
(249489)
(249489)
(243939)
(203234)
- 0
- 0
24073
VAUGHN MUNICIPAL SCHOOLS
12288412
00339026
1934391
- 0
- 0
- 0
(53967)
(53967)
(52766)
(43961)
- 0
- 0
25075
MAGDELENA MUNICIPAL SCHOOLS
39388022
01086678
6200292
- 0
- 0
- 0
(172979)
(172979)
(169131)
(140909)
- 0
- 0
25076
SOCORRO CONSOLIDATED SCHOOLS
119743612
03303613
18849526
- 0
- 0
- 0
(525875)
(525875)
(514175)
(428377)
- 0
- 0
25106
NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY
472350274
13031699
74355367
- 0
- 0
- 0
(2074408)
(2074408)
(2028256)
(1689812)
- 0
- 0
25319
COTTONWOOD VALLEY CHARTER SCHOOLS
11134970
00307203
1752818
- 0
- 0
- 0
(48901)
(48901)
(47813)
(39835)
- 0
- 0
26077
CAPITAN MUNICIPAL SCHOOLS
35934847
00991409
5656713
- 0
- 0
- 0
(157814)
(157814)
(154303)
(128555)
- 0
- 0
26078
CARRIZOZO MUNICIPAL SCHOOLS
15641987
00431548
2462297
- 0
- 0
- 0
(68695)
(68695)
(67166)
(55959)
- 0
- 0
26079
CORONA PUBLIC SCHOOLS
13583697
00374761
2138285
- 0
- 0
- 0
(59655)
(59655)
(58328)
(48595)
- 0
- 0
26080
HONDO VALLEY PUBLIC SCHOOLS
16942484
00467427
2667013
- 0
- 0
- 0
(74406)
(74406)
(72750)
(60611)
- 0
- 0
26081
RUIDOSO MUNICIPAL SCHOOL DISTRICT
125672227
03467178
19782784
- 0
- 0
- 0
(551911)
(551911)
(539632)
(449587)
- 0
- 0
26150
REGION IX EDUCATIONAL COOPERATIVE
31729042
00875374
4994648
- 0
- 0
- 0
(139343)
(139343)
(136243)
(113509)
- 0
- 0
27083
FORT SUMNER MUNICIPAL SCHOOLS
30489477
00841176
4799524
- 0
- 0
- 0
(133900)
(133900)
(130921)
(109075)
- 0
- 0
28084
QUEMADO INDEPENDENT SCHOOLS
17595257
00485437
2769773
- 0
- 0
- 0
(77273)
(77273)
(75554)
(62946)
- 0
- 0
28085
RESERVE INDEPENDENT SCHOOLS
18999938
00524190
2990887
- 0
- 0
- 0
(83441)
(83441)
(81585)
(67971)
- 0
- 0
29086
BERNALILLO PUBLIC SCHOOLS
256481726
07076089
40374259
- 0
- 0
- 0
(1126384)
(1126384)
(1101324)
(917552)
- 0
- 0
29087
CUBA INDEPENDENT SCHOOLS
56653909
01563028
8918217
- 0
- 0
- 0
(248805)
(248805)
(243270)
(202677)
- 0
- 0
29088
JEMEZ VALLEY PUBLIC SCHOOLS
30896483
00852405
4863593
- 0
- 0
- 0
(135687)
(135687)
(132668)
(110531)
- 0
- 0
29122
JEMEZ MOUNTAIN SCHOOL DISTRICT
31276427
00862887
4923401
- 0
- 0
- 0
(137356)
(137356)
(134300)
(111890)
- 0
- 0
29123
RIO RANCHO PUBLIC SCHOOLS
1067726236
29457561
168076913
- 0
- 0
- 0
(4689104)
(4689104)
(4584780)
(3819742)
- 0
- 0
29150
NORTHWEST REGIONAL EDUCATION 2
4890736
00134931
769880
- 0
- 0
- 0
(21479)
(21479)
(21001)
(17496)
- 0
- 0
29305
SAN DIEGO RIVERSIDE CHARTER SCHOOL
6815857
00188043
1072923
- 0
- 0
- 0
(29933)
(29933)
(29267)
(24383)
- 0
- 0
29330
WALATOWA CHARTER HIGH SCHOOL
6020020
00166087
947648
- 0
- 0
- 0
(26438)
(26438)
(25850)
(21536)
- 0
- 0
29408
THE ASK ACADEMY
13515142
00372870
2127496
- 0
- 0
- 0
(59354)
(59354)
(58034)
(48350)
- 0
- 0
30089
MORA INDEPENDENT SCHOOLS
46556291
01284444
7328692
- 0
- 0
- 0
(204460)
(204460)
(199911)
(166553)
- 0
- 0
30090
WAGON MOUND PUBLIC SCHOOLS
15846572
00437192
2494500
- 0
- 0
- 0
(69593)
(69593)
(68045)
(56690)
- 0
- 0
31091
MOSQUERO MUNICIPAL SCHOOLS
8360043
00230646
1316004
- 0
- 0
- 0
(36715)
(36715)
(35898)
(29908)
- 0
- 0
31092
ROY MUNICIPAL SCHOOLS
9840797
00271498
1549095
- 0
- 0
- 0
(43218)
(43218)
(42256)
(35205)
- 0
- 0
32093
LOS ALAMOS PUBLIC SCHOOLS
313613561
08652303
49367712
- 0
- 0
- 0
(1377288)
(1377288)
(1346646)
(1121938)
- 0
- 0
36246253697
1000000000
5705730817
- 0
- 0
- 0
(159181664)
(159181664)
(155640186)
(129669335)
- 0
- 0
New Mexico Educational Retirement Board
Schedule of Collective Pension Amounts
As of and for the year ended June 30 2014
Net Pension Liability (775 Discount)
$ 5705730813
Net Pension Liability -- 100 Decrease (675 Discount)
$ 7763304829
Net Pension Liability -- 100 Increase (875 Discount)
$ 3987098791
Deferred Outflows of Resources
Differences Between Expected and Actual Experience
$ 0
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
0
Changes in Assumptions
0
Total Deferred Outflows of Resources Excluding Employer-Specific Amounts
$ 0
Deferred Inflows of Resources
Differences Between Expected and Actual Experience
$ 84995487
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
518677364
Changes inf Assumptions
0
Total Deferred Inflows of Resources Excluding Employer-Specific Amounts
$ 603672851
Pension Plan Expense
$ 395014052
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
What does GASB 68 not do
bull Create a new liabilityPrior to GASB 68 liability was only shown at the pension
fund level bull Change what employers have to contribute to the pension
planEmployers will continue to pay rates contributions set by
statute
6
Why Does GASB Mandate this Change
GASBrsquos goals are to havebull Increased transparency however not all of the
information is helpfulbull Improve comparability among pension plan employers
7
Glossary
Current GASB 6768 ResultActuarial Accrued Liability (AAL)Present value of earned retirement benefits
Total Pension Liability (TPL)
Present value of earned retirement benefits
No change for ERB
Actuarial Value of Assets (AVA)ldquoSmoothedrdquo value of pension plan assets
Fiduciary Net Position(FNP)Fair market value of pension plan assets minus liabilities
All amounts and ratios thatuse FMV of investments will be more volatile
Unfunded Actuarial Accrued Liability (UAAL)AAL minus AVA
Net Pension Liability (NPL)TPL minus FNP
For ERB NPLltUAAL as of June 30 2014
8
Glossary continued
Current GASB 6768 Result
Funded Ratio AVAAAL Funded Ratio FNPTPLFor ERB results in a higher funded ratioWill be more volatile
Annual Required Contribution (ARC)Contribution necessary to amortize UAAL in 30 years
No longer applicableERB will track Funding Policy Contribution in actuarial valuation report
Discount Rate Use long-term earnings assumption to calculate AAL
Discount Rate Use long-term earnings assumption to calculate TPL if enough assets If not blended rate
No change for ERB
Contribution expense Total of employer contributions accrued in fiscal year
Pension expense Change in NPL from one year to the next
Will be more volatile
In summary these changes will result in a need for two different sets of books one for funding and budgeting and one for accounting
9
Current and GASB 68 Reporting
Current GASB 68ERB FS School FS ERB FS School FS
UAAL Footnote disclosure
NoneMentions participation in ERB
Footnote disclosure including sensitivity of discount rate
Proportionate share of NPL on Balance Sheet
Contribution Expense
Included in Statement of Changes in Plan Net Assets
Amount of employer contributions accrued
Included in Statement of Changes in Fiduciary Net Position
Difference between current and prior year NPL plus adjustments
10
11
GASB 68 Meanshellip New disclosures for employers
Now required to recognize and reporthellipbull proportionate share of the Planrsquos collective Net Pension Liabilitybull proportionate share of the Planrsquos pension expensebull Proportionate share of the Planrsquos deferred inflows and outflowsThese will be reported with a one-year lag
Now required to addhellipbull More disclosure notes discount rate measurement assumptions
deferred flowsbull Required Supplementary Information Schedules of net pension
liability over 10 years contributions and related ratios
12
What are ERBrsquos Options
Implementation Level Benefits Issues to Resolve1 Bargain Basement
Implement only GASB 67bull Low cost to ERB bull Employers uninformed
unstaffed for reportingbull Public image problems
2 Middle of the RoadProvide proportionate share schedules for Net Pension Liability pension expense amp deferred inflows outflows
bull NMERB meets employers halfway
bull NMERB minimizes audit responsibility
bull Member data is supplied by members
bull Who audits the allocation schedule
bull Employers still face new reporting challenges
3 Full Service PlanPrepare and disclose all calculations and disclosuresfor employers
bull Reduce employer work
bull Plan takes on more work
13
How to maximize ERBrsquos service today
bull Increase Communicationbull Leverage existing ERB website and employer portal
bull Email blasts to Employer accounting personnel bull Fact Sheet Handouts sample reporting examples newslettersbull Compliance Auditor (desk amp field audits)bull Meet with Employers in regional meetings across New Mexicobull Meet with State Auditor Public Education Department Higher
Education Departmentbull Share Real Information
bull Provide audited GASB 68 report and Required Supplementary Information to all employersbull Employer contribution reconciliationsbull Allocation schedules (Net Pension Liability Contributions
How ERB Will Help Employers with GASB 68 Disclosures
In FY15 ERB will provide all employers this audited informationbull Each employerrsquos share of the Net Pension Liability and change from
prior period (Pension Expense)bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries prior period adjustment for
NPL and language for financial statement disclosures may require customization
In FY16 and future years ERB will provide all employers this audited information
bull Each employerrsquos share of the change in Net Pension Liability (Pension Expense)
bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries and language for financial
statement disclosures may require customization
15
16
ERBrsquos Implementation Plan
bull Produce annual audited schedules engaging ERBrsquos actuary and auditor to provide an opinion onbull Employer Allocationsbull Collective Pension Amounts and Required Supplementary
Informationbull Schedules include detail information for employers financials
bull ERB will comply with AICPA best practices that will allow the employerrsquos auditor to rely on ERBrsquos auditorrsquos opinion on proportionate shares
bull Employers have responsibility to report accurate census data to ERBbull Employers assume responsibility for presentation of the information
used in their own financial statements
17
New Mexico Educational Retirement BoardSchedule of Collective Pension AmountsAs of and for the year ended June 30 2014
Net Pension Liability (775 Discount) 5705730813$ Net Pension Liability -- 100 Decrease (675 Discount) 7763304829$ Net Pension Liability -- 100 Increase (875 Discount) 3987098791$
Deferred Outflows of ResourcesDifferences Between Expected and Actual Experience 0$ Net Difference Between Projected and Actual Investment Earnings on Plan 0Changes in Assumptions 0Total Deferred Outflows of Resources Excluding Employer-Specific Amounts 0$
Deferred Inflows of ResourcesDifferences Between Expected and Actual Experience 84995487$ Net Difference Between Projected and Actual Investment Earnings on Plan Investments 518677364Changes inf Assumptions 0Total Deferred Inflows of Resources Excluding Employer-Specific Amounts 603672851$
Pension Plan Expense 395014052$
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
ERBrsquos GASB 68 Collective Amounts
68_Collective Info
68_Shares
18
19
20
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Notes to Financial StatementsSummary of Significant Accounting Policies Basis of Accounting For purposes of
measuring the net pension liability deferred outflows of resources and deferred inflows of resources related to pensions and pension expense information about the fiduciary net position of the ERB and additions todeductions from ERBrsquos fiduciary net position have been determined on the same basis as they are reported by ERB Plan For this purpose benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms Investments are reported at fair value
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense At June 30 2015 the University of ABC (UABC) reported a liability of $14910 for its proportionate share of the net pension liability The net pension liability was measured as of June 30 2015 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as June 30 2014 UABCrsquos proportion of the net pension liability was based on UABCrsquos contributions to ERB for the year ending June 30 2015 relative to the total contribution for all employers participating in ERB a projection of the long-term share of contributions to the pension plan relative to projected contributions of all participating school districts actuarially determined At June 30 2015 UABCrsquos proportion was XX percent which was an increase of XX percent from its proportion measured as of June 30 2014
Sample Employer GASB 68 Disclosures
21
Sample Employer GASB 68 Disclosureshellipcont
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense (Cont)For the year ended June 30 2015 UABC recognized pension expense of $2394 At June 30 2015 reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources
Payable to the Pension Plan At June 30 2015 UABC reported a payable of $5432 for the outstanding contributions to the pension plan required for the year ended June 30 2015
Deferred Outflowsof Resources
Deferred Inflowsof Resources
Differences between expected and actual experience $ 2657 $ 142
Changes of assumptions 1714 130
Net difference between projected and actual earnings on pension plan investments
- 2194
Changes in proportion and differences between UABC contributions and proportionate share of contributions
753 156
UABC contributions subsequent to the measurement date 1065 -
Total $ 6189 $ 2622
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Questions
22
Appendix A page 1ERB Actuarials at a Glance
23
Fiscal Year 63012 63013 63014 63014GASB 67
UAAL $62B $65B $63B $57B
Funded Ratio 607 601 631 669
Funding Period Infinite 951 years 421 years Not applicable
Funding Policy
Contribution1759 1747 1632 Not applicable
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
New Mexico Educational Retirement Board
Deferred Outflows
Deferred Inflows
Schedule of Employer-Specific Pension Amounts
of Resources
of Resources
Pension Expense
Subsequent Recognition of Deferred Amounts
As of and for the year ended June 30 2014
Net Amortization
of Deferred
Amounts from
Changes in
Changes in
Changes in
Proportion
Proportion
Proportion
and Differences
and Differences
and Differences
Between
Between
Between
Employer
Employer
Employer
Contributions
Contributions
Contributions
and Proportionate
and Proportionate
and Proportionate
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Net Pension Liability
Share of
Share of
Share of
Ending
Ending
Ending
Ending
Ending
ER Code
Employer Name
Contribution
Employer Allocation Percentage
(775 Discount)
Contributions
Contributions
Contributions
2015
2016
2017
2018
2019
Thereafter
01001
POJOAQUE VALLEY SCHOOLS
130138115
03590388
20485787
- 0
- 0
- 0
(571524)
(571524)
(558809)
(465563)
- 0
- 0
01002
SANTA FE PUBLIC SCHOOLS
903846552
24936275
142279673
- 0
- 0
- 0
(3969398)
(3969398)
(3881086)
(3233470)
- 0
- 0
01003
SANTA FE COMMUNITY COLLEGE
285623563
07880085
44961644
- 0
- 0
- 0
(1254365)
(1254365)
(1226458)
(1021805)
- 0
- 0
01094
NEW MEXICO SCHOOL FOR THE DEAF
55303678
01525776
8705667
- 0
- 0
- 0
(242876)
(242876)
(237472)
(197846)
- 0
- 0
01301
THE ACADEMY FOR TECHNOLOGY amp THE CLASSICS
22265370
00614281
3504922
- 0
- 0
- 0
(97782)
(97782)
(95607)
(79653)
- 0
- 0
01306
MONTE DEL SOL CHARTER SCHOOL
27346513
00754465
4304774
- 0
- 0
- 0
(120097)
(120097)
(117425)
(97831)
- 0
- 0
01315
TURQUOISE TRAIL CHARTER SCHOOL
29690099
00819122
4673690
- 0
- 0
- 0
(130389)
(130389)
(127488)
(106215)
- 0
- 0
01341
STATE OF NEW MEXICO
121504115
03352184
19126660
- 0
- 0
- 0
(533606)
(533606)
(521735)
(434675)
- 0
- 0
01343
TIERRA ENCANTADA CHARTER SCHOOL
18916878
00521899
2977815
- 0
- 0
- 0
(83077)
(83077)
(81228)
(67674)
- 0
- 0
01398
THE MASTERS PROGRAM
11557405
00318858
1819318
- 0
- 0
- 0
(50756)
(50756)
(49627)
(41346)
- 0
- 0
01416
NEW MEXICO SCHOOL FOR THE ARTS
14899946
00411075
2345483
- 0
- 0
- 0
(65436)
(65436)
(63980)
(53304)
- 0
- 0
01418
New Mexico Connections Academy
10201256
00281443
1605838
- 0
- 0
- 0
(44801)
(44801)
(43804)
(36495)
- 0
- 0
02003
ALBUQUERQUE PUBLIC SCHOOLS
6164408173
170070218
970374883
- 0
- 0
- 0
(27072060)
(27072060)
(26469760)
(22052893)
- 0
- 0
02095
UNIVERSITY OF NEW MEXICO
5918270140
163279499
931628869
- 0
- 0
- 0
(25991102)
(25991102)
(25412851)
(21172345)
- 0
- 0
02123
CENTRAL NEW MEXICO COMMUNITY COLLEGE
965367901
26633591
151964101
- 0
- 0
- 0
(4239579)
(4239579)
(4145257)
(3453560)
- 0
- 0
02148
NEW MEXICO ACTIVITIES ASSOCIATION
13674332
00377262
2152555
- 0
- 0
- 0
(60053)
(60053)
(58717)
(48919)
- 0
- 0
02150
CENTRAL REGIONAL EDUCATION COOP
32918525
00908191
5181893
- 0
- 0
- 0
(144567)
(144567)
(141351)
(117765)
- 0
- 0
02295
UNIVERSITY HOSPITALS
38915116
01073631
6125849
- 0
- 0
- 0
(170902)
(170902)
(167100)
(139217)
- 0
- 0
02303
AMY BIEHL HIGH SCHOOL
24086383
00664521
3791578
- 0
- 0
- 0
(105780)
(105780)
(103426)
(86168)
- 0
- 0
02304
EAST MOUNTAIN HIGH SCHOOL
24508244
00676159
3857981
- 0
- 0
- 0
(107632)
(107632)
(105238)
(87677)
- 0
- 0
02308
TWENTY-FIRST CENTURY PUBLIC ACADEMY
10638203
00293498
1674621
- 0
- 0
- 0
(46720)
(46720)
(45680)
(38058)
- 0
- 0
02309
SOUTH VALLEY ACADEMY
27055891
00746447
4259026
- 0
- 0
- 0
(118821)
(118821)
(116177)
(96791)
- 0
- 0
02310
SOUTHWEST SECONDARY LEARNING CENTER
12754266
00351878
2007721
- 0
- 0
- 0
(56013)
(56013)
(54766)
(45628)
- 0
- 0
02311
NUESTROS VALORES CHARTER SCHOOL
8467810
00233619
1332967
- 0
- 0
- 0
(37188)
(37188)
(36361)
(30293)
- 0
- 0
02313
ROOTS AND WINGS COMMUNITY SCHOOL
3195446
00088159
503012
- 0
- 0
- 0
(14033)
(14033)
(13721)
(11432)
- 0
- 0
02314
THE LEARNING COMMUNITY CHARTER
12127601
00334589
1909075
- 0
- 0
- 0
(53260)
(53260)
(52075)
(43386)
- 0
- 0
02318
ROBERT F KENNEDY CHARTER SCHOOL
19636783
00541760
3091137
- 0
- 0
- 0
(86238)
(86238)
(84320)
(70250)
- 0
- 0
02320
PUBLIC ACADEMY FOR PERFORMING ARTS
22952684
00633243
3613114
- 0
- 0
- 0
(100801)
(100801)
(98558)
(82112)
- 0
- 0
02322
LOS PUENTES CHARTER SCHOOL
15963339
00440413
2512878
- 0
- 0
- 0
(70106)
(70106)
(68546)
(57108)
- 0
- 0
02323
EL CAMINO REAL ACADEMY
25600416
00706291
4029906
- 0
- 0
- 0
(112429)
(112429)
(109927)
(91584)
- 0
- 0
02327
HORIZON ACADEMY WEST
22209646
00612743
3496147
- 0
- 0
- 0
(97537)
(97537)
(95367)
(79454)
- 0
- 0
02328
NORTH VALLEY ACADEMY
21177733
00584274
3333710
- 0
- 0
- 0
(93006)
(93006)
(90937)
(75762)
- 0
- 0
02329
LA ACADEMIA DE ESPERANZA
32216102
00888812
5071322
- 0
- 0
- 0
(141483)
(141483)
(138335)
(115252)
- 0
- 0
02331
LA ACADEMIA DE LENGUA Y CULTURA
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02334
MONTESSORI OF THE RIO GRANDE CHARTER SCHOOL
13170269
00363355
2073206
- 0
- 0
- 0
(57839)
(57839)
(56553)
(47116)
- 0
- 0
02336
CESAR CHAVEZ COMMUNITY SCHOOL
13344118
00368152
2100576
- 0
- 0
- 0
(58603)
(58603)
(57299)
(47738)
- 0
- 0
02338
CREATIVE EDUCATION PREPARATORY INSTITUTE 1
13923018
00384123
2191702
- 0
- 0
- 0
(61145)
(61145)
(59785)
(49809)
- 0
- 0
02339
GILBERT L SENA CHARTER HIGH SCHOOL
13971841
00385470
2199388
- 0
- 0
- 0
(61360)
(61360)
(59995)
(49984)
- 0
- 0
02340
SCHOOL FOR INTEGRATED ACADEMICS amp TECHNOLOGIES
17385947
00479662
2736822
- 0
- 0
- 0
(76353)
(76353)
(74655)
(62197)
- 0
- 0
02341
ALB INSTITUTE FOR MATH AND SCIENCE UNM
17455816
00481590
2747823
- 0
- 0
- 0
(76660)
(76660)
(74955)
(62447)
- 0
- 0
02342
MOUNTAIN MAHOGONY COMMUNITY
11336352
00312759
1784519
- 0
- 0
- 0
(49785)
(49785)
(48678)
(40555)
- 0
- 0
02343
LA PROMESA EARLY LEARNING
22284215
00614801
3507889
- 0
- 0
- 0
(97865)
(97865)
(95688)
(79721)
- 0
- 0
02344
ACADEMY OF TRADES AND TECHNOLOGY (YOUTH BUILD CO)
9306534
00256759
1464998
- 0
- 0
- 0
(40871)
(40871)
(39962)
(33294)
- 0
- 0
02345
SOUTHWEST INTERMEDIATE LEARNING CTR (LA LUZ DEL M)
6003345
00165627
945023
- 0
- 0
- 0
(26365)
(26365)
(25778)
(21477)
- 0
- 0
02346
SOUTHWEST PRIMARY LEARNING CENTER
6508031
00179550
1024464
- 0
- 0
- 0
(28581)
(28581)
(27945)
(23282)
- 0
- 0
02350
DIGITAL ARTS AND TECHNOLOGY ACADEMY
18276643
00504235
2877029
- 0
- 0
- 0
(80265)
(80265)
(78479)
(65384)
- 0
- 0
02351
THE MONTESSORI ELEMENTARY SCHOOL
15956095
00440214
2511743
- 0
- 0
- 0
(70074)
(70074)
(68515)
(57082)
- 0
- 0
02353
CHRISTINE DUNCANS HERITAGE ACADEMY
11567894
00319147
1820967
- 0
- 0
- 0
(50802)
(50802)
(49672)
(41384)
- 0
- 0
02354
NATIVE AMERICAN COMMUNITY ACADEMY
24618203
00679193
3875292
- 0
- 0
- 0
(108115)
(108115)
(105710)
(88071)
- 0
- 0
02355
RALPH J BUNCHE ACADEMY
5170362
00142645
813894
- 0
- 0
- 0
(22706)
(22706)
(22201)
(18497)
- 0
- 0
02356
ALICE KING COMMUNITY SCHOOL(N ALB COOP C C)
15945481
00439921
2510071
- 0
- 0
- 0
(70027)
(70027)
(68469)
(57044)
- 0
- 0
02357
LA RESOLANA LEADERSHIP ACADEMY
5266902
00145309
829094
- 0
- 0
- 0
(23131)
(23131)
(22616)
(18842)
- 0
- 0
02358
VILLAGE ACADEMY CHARTER SCHOOL
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02360
BATAAN MILITARY ACADEMY
9938807
00274202
1564523
- 0
- 0
- 0
(43648)
(43648)
(42677)
(35556)
- 0
- 0
02361
ALBUQUERQUE TALENT DEVELOPMENT SECONDARY CHARTER
11434102
00315456
1799907
- 0
- 0
- 0
(50215)
(50215)
(49098)
(40905)
- 0
- 0
02362
GORDON BERNELL CHARTER SCHOOL
32236740
00889381
5074569
- 0
- 0
- 0
(141573)
(141573)
(138423)
(115325)
- 0
- 0
02363
CORRALES INTERNATIONAL SCHOOL
17491523
00482575
2753443
- 0
- 0
- 0
(76817)
(76817)
(75108)
(62575)
- 0
- 0
02364
COTTONWOOD CLASSICAL PREP SCHOOL
27174715
00749725
4277729
- 0
- 0
- 0
(119342)
(119342)
(116687)
(97216)
- 0
- 0
02365
MEDIA ARTS COLLABORATIVE CHARTER SCHOOL
12988950
00358353
2044666
- 0
- 0
- 0
(57043)
(57043)
(55774)
(46467)
- 0
- 0
02366
THE NEW AMERICA SCHOOL
15162026
00418306
2386741
- 0
- 0
- 0
(66587)
(66587)
(65105)
(54241)
- 0
- 0
02367
CIEN AGUAS INTERNATIONAL SCHOOL
16645455
00459232
2620254
- 0
- 0
- 0
(73101)
(73101)
(71475)
(59548)
- 0
- 0
02368
THE INTERNATIONAL SCH AT MESA DEL SOL
15953529
00440143
2511337
- 0
- 0
- 0
(70063)
(70063)
(68504)
(57073)
- 0
- 0
02370
TIERRA ADENTRO OF NEW MEXICO
14574532
00402098
2294263
- 0
- 0
- 0
(64007)
(64007)
(62583)
(52140)
- 0
- 0
02390
ACE LEADERSHIP HIGH SCHOOL
21477933
00592556
3380965
- 0
- 0
- 0
(94324)
(94324)
(92226)
(76836)
- 0
- 0
02396
SOUTH VALLEY PREPARATORY SCHOOL
9352262
00258020
1472193
- 0
- 0
- 0
(41072)
(41072)
(40158)
(33457)
- 0
- 0
02402
ALBUQUERQUE SIGN LANGUAGE ACADEMY
12136863
00334845
1910535
- 0
- 0
- 0
(53301)
(53301)
(52115)
(43419)
- 0
- 0
02412
ALBUQUERQUE SCHOOL OF EXCELLENCE
12941978
00357057
2037271
- 0
- 0
- 0
(56837)
(56837)
(55572)
(46299)
- 0
- 0
02413
THE GREAT ACADEMY
9104631
00251188
1433211
- 0
- 0
- 0
(39985)
(39985)
(39095)
(32571)
- 0
- 0
02414
THE NEW MEXICO INTERNATIONAL SCHOOL
9093315
00250876
1431431
- 0
- 0
- 0
(39935)
(39935)
(39046)
(32531)
- 0
- 0
02417
WILLIAM W amp JOSEPHINE DORN CHARTER COMMUNITY SCHOO
2499702
00068964
393490
- 0
- 0
- 0
(10978)
(10978)
(10734)
(8943)
- 0
- 0
02418
SAGE MONTESSORI CHARTER SCHOOL
7486288
00206540
1178462
- 0
- 0
- 0
(32877)
(32877)
(32146)
(26782)
- 0
- 0
02420
SOUTHWEST AERONAUTICS MATH amp SCIENCE ACADEMY
9312685
00256928
1465962
- 0
- 0
- 0
(40898)
(40898)
(39988)
(33316)
- 0
- 0
02421
CORAL COMMUNITY CHARTER SCHOOL
5518744
00152257
868737
- 0
- 0
- 0
(24237)
(24237)
(23697)
(19743)
- 0
- 0
02425
MISSION ACHIEVEMENT AND SUCCESS CHARTER SCHOOL
15952839
00440124
2511229
- 0
- 0
- 0
(70060)
(70060)
(68501)
(57071)
- 0
- 0
02430
Health Leadership Community School
9697716
00267551
1526574
- 0
- 0
- 0
(42589)
(42589)
(41642)
(34693)
- 0
- 0
03004
ARTESIA PUBLIC SCHOOLS
249203786
06875298
39228600
- 0
- 0
- 0
(1094421)
(1094421)
(1070073)
(891515)
- 0
- 0
03005
CARLSBAD MUNICIPAL SCHOOLS
457710863
12627812
72050896
- 0
- 0
- 0
(2010116)
(2010116)
(1965395)
(1637440)
- 0
- 0
03006
LOVING MUNICIPAL SCHOOLS
45366532
01251620
7141407
- 0
- 0
- 0
(199235)
(199235)
(194802)
(162297)
- 0
- 0
03321
JEFFERSON MONTESSORI ACADEMY
14230129
00392596
2240047
- 0
- 0
- 0
(62494)
(62494)
(61104)
(50908)
- 0
- 0
04008
DEXTER CONSOLIDATED SCHOOLS
74126962
02045093
11668750
- 0
- 0
- 0
(325541)
(325541)
(318299)
(265186)
- 0
- 0
04009
HAGERMAN MUNICIPAL SCHOOLS
35432505
00977549
5577631
- 0
- 0
- 0
(155608)
(155608)
(152146)
(126758)
- 0
- 0
04010
LAKE ARTHUR MUNICIPAL SCHOOLS
13637822
00376255
2146810
- 0
- 0
- 0
(59893)
(59893)
(58560)
(48789)
- 0
- 0
04011
ROSWELL INDEPENDENT SCHOOLS
615946152
16993374
96959618
- 0
- 0
- 0
(2705034)
(2705034)
(2644852)
(2203520)
- 0
- 0
04097
NEW MEXICO MILITARY INSTITUTE
168542271
04649923
26531209
- 0
- 0
- 0
(740182)
(740182)
(723715)
(602952)
- 0
- 0
04317
SIDNEY GUTIERREZ MIDDLE SCHOOL
4080477
00112577
642334
- 0
- 0
- 0
(17920)
(17920)
(17522)
(14598)
- 0
- 0
05011
CLOVIS COMMUNITY COLLEGE
91114505
02513763
14342855
- 0
- 0
- 0
(400145)
(400145)
(391243)
(325958)
- 0
- 0
05012
CLOVIS MUNICIPAL SCHOOLS
529906737
14619628
83415662
- 0
- 0
- 0
(2327177)
(2327177)
(2275402)
(1895717)
- 0
- 0
05013
GRADY MUNICIPAL SCHOOLS
13422095
00370303
2112849
- 0
- 0
- 0
(58945)
(58945)
(57634)
(48017)
- 0
- 0
05014
MELROSE SCHOOLS
20092869
00554343
3162932
- 0
- 0
- 0
(88241)
(88241)
(86278)
(71881)
- 0
- 0
05015
TEXICO MUNICIPAL SCHOOLS
46844881
01292406
7374121
- 0
- 0
- 0
(205727)
(205727)
(201150)
(167585)
- 0
- 0
05016
REGIONAL EDUCATIONAL CENTER 6
8833229
00243700
1390487
- 0
- 0
- 0
(38793)
(38793)
(37930)
(31600)
- 0
- 0
06016
EUNICE PUBLIC SCHOOLS
47356967
01306534
7454731
- 0
- 0
- 0
(207976)
(207976)
(203349)
(169417)
- 0
- 0
06017
HOBBS MUNICIPAL SCHOOLS
528484026
14580377
83191706
- 0
- 0
- 0
(2320929)
(2320929)
(2269293)
(1890628)
- 0
- 0
06018
JAL PUBLIC SCHOOLS
34332805
00947210
5404525
- 0
- 0
- 0
(150778)
(150778)
(147424)
(122824)
- 0
- 0
06019
LOVINGTON MUNICIPAL SCHOOLS
228661774
06308563
35994962
- 0
- 0
- 0
(1004208)
(1004208)
(981866)
(818027)
- 0
- 0
06020
TATUM MUNICIPAL SCHOOLS
32371140
00893089
5095725
- 0
- 0
- 0
(142163)
(142163)
(139001)
(115806)
- 0
- 0
06124
NEW MEXICO JUNIOR COLLEGE
143512547
03959376
22591134
- 0
- 0
- 0
(630260)
(630260)
(616238)
(513410)
- 0
- 0
06150
REGIONAL EDUCATIONAL COOP 7
2672852
00073741
420746
- 0
- 0
- 0
(11738)
(11738)
(11477)
(9562)
- 0
- 0
07021
GADSDEN INDEPENDENT SCHOOLS
954445594
26332255
150244759
- 0
- 0
- 0
(4191612)
(4191612)
(4098357)
(3414486)
- 0
- 0
07022
HATCH VALLEY PUBLIC SCHOOLS
101411144
02797838
15963710
- 0
- 0
- 0
(445365)
(445365)
(435456)
(362794)
- 0
- 0
07023
LAS CRUCES PUBLIC SCHOOLS
1700239556
46908008
267644467
- 0
- 0
- 0
(7466895)
(7466895)
(7300771)
(6082530)
- 0
- 0
07098
NEW MEXICO STATE UNIVERSITY
2740590573
75610313
431412093
- 0
- 0
- 0
(12035775)
(12035775)
(11768003)
(9804339)
- 0
- 0
07335
ALMA DARTE CHARTER HIGH SCHOOL
14804322
00408437
2330432
- 0
- 0
- 0
(65016)
(65016)
(63569)
(52962)
- 0
- 0
07337
LA ACADEMIA DOLORES HUERTA
9581137
00264335
1508224
- 0
- 0
- 0
(42077)
(42077)
(41141)
(34276)
- 0
- 0
07338
LAS MONTANAS CHARTER HIGH SCHOOL
14737236
00406586
2319870
- 0
- 0
- 0
(64721)
(64721)
(63281)
(52722)
- 0
- 0
07339
ANTHONY CHARTER SCHOOL
5217470
00143945
821311
- 0
- 0
- 0
(22913)
(22913)
(22404)
(18665)
- 0
- 0
07420
J PAUL TAYLOR ACADEMY
10921121
00301303
1719154
- 0
- 0
- 0
(47962)
(47962)
(46895)
(39070)
- 0
- 0
07421
NEW AMERICA SCHOOL-LAS CRUCES
12850101
00354522
2022807
- 0
- 0
- 0
(56433)
(56433)
(55178)
(45971)
- 0
- 0
08024
COBRE CONSOLIDATED SCHOOLS
107900060
02976861
16985168
- 0
- 0
- 0
(473862)
(473862)
(463319)
(386008)
- 0
- 0
08026
SILVER CONSOLIDATED SCHOOLS
223923812
06177847
35249132
- 0
- 0
- 0
(983400)
(983400)
(961521)
(801077)
- 0
- 0
08099
WESTERN NEW MEXICO UNIVERSITY
228493287
06303915
35968442
- 0
- 0
- 0
(1003468)
(1003468)
(981142)
(817424)
- 0
- 0
08347
ALDO LEOPOLD HIGH SCHOOL
11975600
00330396
1885151
- 0
- 0
- 0
(52593)
(52593)
(51423)
(42842)
- 0
- 0
09027
CIMARRON MUNICIPAL SCHOOLS
33888261
00934945
5334544
- 0
- 0
- 0
(148826)
(148826)
(145515)
(121234)
- 0
- 0
09028
MAXWELL MUNICIPAL SCHOOLS
15196104
00419246
2392105
- 0
- 0
- 0
(66736)
(66736)
(65252)
(54363)
- 0
- 0
09029
RATON PUBLIC SCHOOLS
80720720
02227009
12706714
- 0
- 0
- 0
(354499)
(354499)
(346612)
(288775)
- 0
- 0
09030
SPRINGER MUNICIPAL SCHOOLS
19298679
00532432
3037914
- 0
- 0
- 0
(84753)
(84753)
(82868)
(69040)
- 0
- 0
09150
HIGH PLAINS REGIONAL EDUCATIONAL COOP 3
12699970
00350380
1999174
- 0
- 0
- 0
(55774)
(55774)
(54533)
(45434)
- 0
- 0
09324
MORENO VALLEY HIGH SCHOOL
7446232
00205435
1172157
- 0
- 0
- 0
(32701)
(32701)
(31974)
(26639)
- 0
- 0
10032
SAN JON SCHOOLS
14631539
00403670
2303232
- 0
- 0
- 0
(64257)
(64257)
(62827)
(52344)
- 0
- 0
10033
TUCUMCARI PUBLIC SCHOOLS
74492978
02055191
11726367
- 0
- 0
- 0
(327149)
(327149)
(319870)
(266495)
- 0
- 0
10119
HOUSE MUNICIPAL SCHOOLS
14003541
00386345
2204381
- 0
- 0
- 0
(61499)
(61499)
(60131)
(50097)
- 0
- 0
10120
LOGAN MUNICIPAL SCHOOLS
25199979
00695244
3966875
- 0
- 0
- 0
(110670)
(110670)
(108208)
(90152)
- 0
- 0
10141
MESALANDS COMMUNITY COLLEGE
35425739
00977363
5576570
- 0
- 0
- 0
(155578)
(155578)
(152117)
(126734)
- 0
- 0
11034
ELIDA MUNICIPAL SCHOOLS
14152846
00390464
2227882
- 0
- 0
- 0
(62155)
(62155)
(60772)
(50631)
- 0
- 0
11035
PORTALES MUNICIPAL SCHOOLS
202486725
05586418
31874597
- 0
- 0
- 0
(889255)
(889255)
(869471)
(724387)
- 0
- 0
11101
EASTERN NEW MEXICO UNIVERSITY - PORTALES
321726936
08876143
50644883
- 0
- 0
- 0
(1412919)
(1412919)
(1381485)
(1150964)
- 0
- 0
11102
EASTERN NM UNIVERSITY - ROSWELL
132681232
03660550
20886113
- 0
- 0
- 0
(582692)
(582692)
(569729)
(474661)
- 0
- 0
11117
DORA CONSOLIDATED SCHOOLS
23215804
00640502
3654532
- 0
- 0
- 0
(101956)
(101956)
(99688)
(83053)
- 0
- 0
11118
FLOYD MUNICIPAL SCHOOLS
22040516
00608077
3469524
- 0
- 0
- 0
(96795)
(96795)
(94641)
(78849)
- 0
- 0
12037
LAS VEGAS CITY SCHOOLS
125424467
03460343
19743786
- 0
- 0
- 0
(550823)
(550823)
(538568)
(448700)
- 0
- 0
12038
WEST LAS VEGAS SCHOOLS
135571770
03740297
21341128
- 0
- 0
- 0
(595387)
(595387)
(582141)
(485002)
- 0
- 0
12039
PECOS INDEPENDENT SCHOOLS
57989889
01599886
9128519
- 0
- 0
- 0
(254673)
(254673)
(249007)
(207456)
- 0
- 0
12102
NEW MEXICO HIGHLANDS UNIVERSITY
293679047
08102328
46229703
- 0
- 0
- 0
(1289742)
(1289742)
(1261048)
(1050624)
- 0
- 0
12128
LUNA COMMUNITY COLLEGE
77802974
02146511
12247414
- 0
- 0
- 0
(341685)
(341685)
(334083)
(278337)
- 0
- 0
12150
PECOS VALLEY REC 8
6405772
00176729
1008368
- 0
- 0
- 0
(28132)
(28132)
(27506)
(22916)
- 0
- 0
12151
NORTHEAST REGIONAL EDUCATION COOP
7566786
00208760
1191128
- 0
- 0
- 0
(33231)
(33231)
(32491)
(27070)
- 0
- 0
13041
GALLUP MCKINLEY COUNTY SCHOOLS
874308315
24121343
137629890
- 0
- 0
- 0
(3839676)
(3839676)
(3754250)
(3127799)
- 0
- 0
13142
ZUNI PUBLIC SCHOOLS
130100988
03589364
20479945
- 0
- 0
- 0
(571361)
(571361)
(558649)
(465430)
- 0
- 0
13369
MIDDLE COLLEGE HIGH SCHOOL
5022305
00138561
790592
- 0
- 0
- 0
(22056)
(22056)
(21566)
(17967)
- 0
- 0
13430
UPLIFT COMMUNITY SCHOOL
8929543
00246358
1405652
- 0
- 0
- 0
(39216)
(39216)
(38343)
(31945)
- 0
- 0
14043
BELEN CONSOLIDATED SCHOOLS
282020844
07780689
44394517
- 0
- 0
- 0
(1238543)
(1238543)
(1210988)
(1008917)
- 0
- 0
14044
GRANTS-CIBOLA COUNTY SCHOOLS
270364497
07459102
42559628
- 0
- 0
- 0
(1187352)
(1187352)
(1160936)
(967217)
- 0
- 0
14045
LOS LUNAS SCHOOLS
516619864
14253055
81324095
- 0
- 0
- 0
(2268825)
(2268825)
(2218348)
(1848184)
- 0
- 0
14366
SCHOOL OF DREAMS ACADEMY
16804216
00463612
2645245
- 0
- 0
- 0
(73799)
(73799)
(72157)
(60116)
- 0
- 0
15046
ALAMOGORDO PUBLIC SCHOOLS
369877443
10204570
58224529
- 0
- 0
- 0
(1624380)
(1624380)
(1588241)
(1323220)
- 0
- 0
15047
CLOUDCROFT MUNICIPAL SCHOOLS
30771554
00848958
4843926
- 0
- 0
- 0
(135139)
(135139)
(132132)
(110084)
- 0
- 0
15049
TULAROSA MUNICIPAL SCHOOLS
68396924
01887007
10766754
- 0
- 0
- 0
(300377)
(300377)
(293694)
(244687)
- 0
- 0
15104
NEW MEXICO SCHOOL FT BLIND amp VISUALLY IMPAIRED
79976142
02206466
12589501
- 0
- 0
- 0
(351229)
(351229)
(343415)
(286111)
- 0
- 0
16050
AZTEC MUNICIPAL SCHOOLS
187894163
05183823
29577499
- 0
- 0
- 0
(825170)
(825170)
(806811)
(672183)
- 0
- 0
16051
BLOOMFIELD SCHOOLS
209183372
05771172
32928754
- 0
- 0
- 0
(918665)
(918665)
(898226)
(748344)
- 0
- 0
16052
FARMINGTON MUNICIPAL SCHOOLS
709808631
19582952
111735053
- 0
- 0
- 0
(3117247)
(3117247)
(3047894)
(2539308)
- 0
- 0
16053
CENTRAL CONSOLIDATED SCHOOLS
497242938
13718464
78273863
- 0
- 0
- 0
(2183728)
(2183728)
(2135144)
(1778864)
- 0
- 0
16155
SAN JUAN COLLEGE
372723272
10283084
58672509
- 0
- 0
- 0
(1636878)
(1636878)
(1600461)
(1333401)
- 0
- 0
16356
MOSAIC ACADEMY CHARTER
10488019
00289355
1650982
- 0
- 0
- 0
(46060)
(46060)
(45035)
(37520)
- 0
- 0
16357
CARINOS CHARTER SCHOOL
17209176
00474785
2708995
- 0
- 0
- 0
(75577)
(75577)
(73896)
(61565)
- 0
- 0
16358
NEW MEXICO VIRTUAL ACADEMY
8945064
00246786
1408094
- 0
- 0
- 0
(39284)
(39284)
(38410)
(32001)
- 0
- 0
17054
ESPANOLA PUBLIC SCHOOLS
260245590
07179931
40966754
- 0
- 0
- 0
(1142913)
(1142913)
(1117486)
(931017)
- 0
- 0
17105
NORTHERN NEW MEXICO COLLEGE
128311258
03539987
20198213
- 0
- 0
- 0
(563501)
(563501)
(550964)
(459028)
- 0
- 0
17115
DULCE INDEPENDENT SCHOOLS
63542017
01753064
10002511
- 0
- 0
- 0
(279056)
(279056)
(272847)
(227319)
- 0
- 0
17126
CHAMA VALLEY SCHOOLS
41127543
01134670
6474122
- 0
- 0
- 0
(180619)
(180619)
(176600)
(147132)
- 0
- 0
17127
MESA VISTA CONSOLIDATED SCHOOLS
36319862
01002031
5717319
- 0
- 0
- 0
(159505)
(159505)
(155956)
(129933)
- 0
- 0
17334
LINDRITH AREA HERITAGE SCHOOL
1999722
00055170
314785
- 0
- 0
- 0
(8782)
(8782)
(8587)
(7154)
- 0
- 0
17424
MC CURDY CHARTER SCHOOL
26341385
00726734
4146549
- 0
- 0
- 0
(115683)
(115683)
(113109)
(94235)
- 0
- 0
17425
LA TIERRA MONTESSORI SCHOOL
3636882
00100338
572502
- 0
- 0
- 0
(15972)
(15972)
(15617)
(13011)
- 0
- 0
18056
CLAYTON MUNICIPAL SCHOOLS
41375879
01141522
6513217
- 0
- 0
- 0
(181709)
(181709)
(177667)
(148020)
- 0
- 0
18057
DES MOINES MUNICIPAL SCHOOLS
12824909
00353827
2018842
- 0
- 0
- 0
(56323)
(56323)
(55070)
(45881)
- 0
- 0
19059
DEMING PUBLIC SCHOOLS
358423873
09888577
56421558
- 0
- 0
- 0
(1574080)
(1574080)
(1539060)
(1282245)
- 0
- 0
19301
DEMING CESAR CHAVEZ CHARTER HIGH SCHOOL
10654211
00293940
1677143
- 0
- 0
- 0
(46790)
(46790)
(45749)
(38115)
- 0
- 0
20060
PENASCO INDEPENDENT SCHOOLS
43124424
01189762
6788462
- 0
- 0
- 0
(189388)
(189388)
(185175)
(154276)
- 0
- 0
20062
TAOS MUNICIPAL SCHOOLS
185250055
05110875
29161277
- 0
- 0
- 0
(813558)
(813558)
(795458)
(662724)
- 0
- 0
20125
QUESTA INDEPENDENT SCHOOLS
53837543
01485327
8474876
- 0
- 0
- 0
(236437)
(236437)
(231177)
(192601)
- 0
- 0
20265
TAOS ACADEMY CHARTER SCHOOL
11325900
00312471
1782875
- 0
- 0
- 0
(49740)
(49740)
(48633)
(40518)
- 0
- 0
20266
La Jicarita Community School
2194276
00060538
345414
- 0
- 0
- 0
(9637)
(9637)
(9422)
(7850)
- 0
- 0
20307
TAOS CHARTER SCHOOL
10997820
00303419
1731227
- 0
- 0
- 0
(48299)
(48299)
(47224)
(39344)
- 0
- 0
20312
RED RIVER VALLEY CHARTER SCHOOLS
4685520
00129269
737574
- 0
- 0
- 0
(20577)
(20577)
(20119)
(16762)
- 0
- 0
20316
ANANSI CHARTER SCHOOL
8137027
00224493
1280897
- 0
- 0
- 0
(35735)
(35735)
(34940)
(29110)
- 0
- 0
20317
VISTA GRANDE HIGH SCHOOL
6300504
00173825
991799
- 0
- 0
- 0
(27670)
(27670)
(27054)
(22540)
- 0
- 0
20415
TAOS INTEGRATED SCHOOL OF THE ARTS
6209169
00171305
977420
- 0
- 0
- 0
(27269)
(27269)
(26662)
(22213)
- 0
- 0
21063
TRUTH OR CONSEQUENCES MUNICIPAL SCHOOLS
108041191
02980755
17007386
- 0
- 0
- 0
(474482)
(474482)
(463925)
(386513)
- 0
- 0
21150
SOUTHWEST REGIONAL ED COOPERATIVE 10
13050923
00360063
2054423
- 0
- 0
- 0
(57315)
(57315)
(56040)
(46689)
- 0
- 0
22065
ESTANCIA MUNICPAL SCHOOLS
61525804
01697439
9685130
- 0
- 0
- 0
(270201)
(270201)
(264190)
(220106)
- 0
- 0
22066
MORIARTY-EDGEWOOD SCHOOL DISTRICT
195971575
05406671
30849009
- 0
- 0
- 0
(860643)
(860643)
(841495)
(701079)
- 0
- 0
22067
MOUNTAINAIR PUBLIC SCHOOLS
25324156
00698670
3986423
- 0
- 0
- 0
(111215)
(111215)
(108741)
(90596)
- 0
- 0
22201
ESTANCIA VALLEY CLASSICAL ACADEMY
17772159
00490317
2797617
- 0
- 0
- 0
(78049)
(78049)
(76313)
(63579)
- 0
- 0
23070
LORDSBURG MUNICIPAL SCHOOLS
51096743
01409711
8043431
- 0
- 0
- 0
(224400)
(224400)
(219408)
(182796)
- 0
- 0
23121
ANIMAS PUBLIC SCHOOLS
19292757
00532269
3036984
- 0
- 0
- 0
(84727)
(84727)
(82842)
(69019)
- 0
- 0
24072
SANTA ROSA CONSOLIDATED SCHOOLS
56809634
01567324
8942729
- 0
- 0
- 0
(249489)
(249489)
(243939)
(203234)
- 0
- 0
24073
VAUGHN MUNICIPAL SCHOOLS
12288412
00339026
1934391
- 0
- 0
- 0
(53967)
(53967)
(52766)
(43961)
- 0
- 0
25075
MAGDELENA MUNICIPAL SCHOOLS
39388022
01086678
6200292
- 0
- 0
- 0
(172979)
(172979)
(169131)
(140909)
- 0
- 0
25076
SOCORRO CONSOLIDATED SCHOOLS
119743612
03303613
18849526
- 0
- 0
- 0
(525875)
(525875)
(514175)
(428377)
- 0
- 0
25106
NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY
472350274
13031699
74355367
- 0
- 0
- 0
(2074408)
(2074408)
(2028256)
(1689812)
- 0
- 0
25319
COTTONWOOD VALLEY CHARTER SCHOOLS
11134970
00307203
1752818
- 0
- 0
- 0
(48901)
(48901)
(47813)
(39835)
- 0
- 0
26077
CAPITAN MUNICIPAL SCHOOLS
35934847
00991409
5656713
- 0
- 0
- 0
(157814)
(157814)
(154303)
(128555)
- 0
- 0
26078
CARRIZOZO MUNICIPAL SCHOOLS
15641987
00431548
2462297
- 0
- 0
- 0
(68695)
(68695)
(67166)
(55959)
- 0
- 0
26079
CORONA PUBLIC SCHOOLS
13583697
00374761
2138285
- 0
- 0
- 0
(59655)
(59655)
(58328)
(48595)
- 0
- 0
26080
HONDO VALLEY PUBLIC SCHOOLS
16942484
00467427
2667013
- 0
- 0
- 0
(74406)
(74406)
(72750)
(60611)
- 0
- 0
26081
RUIDOSO MUNICIPAL SCHOOL DISTRICT
125672227
03467178
19782784
- 0
- 0
- 0
(551911)
(551911)
(539632)
(449587)
- 0
- 0
26150
REGION IX EDUCATIONAL COOPERATIVE
31729042
00875374
4994648
- 0
- 0
- 0
(139343)
(139343)
(136243)
(113509)
- 0
- 0
27083
FORT SUMNER MUNICIPAL SCHOOLS
30489477
00841176
4799524
- 0
- 0
- 0
(133900)
(133900)
(130921)
(109075)
- 0
- 0
28084
QUEMADO INDEPENDENT SCHOOLS
17595257
00485437
2769773
- 0
- 0
- 0
(77273)
(77273)
(75554)
(62946)
- 0
- 0
28085
RESERVE INDEPENDENT SCHOOLS
18999938
00524190
2990887
- 0
- 0
- 0
(83441)
(83441)
(81585)
(67971)
- 0
- 0
29086
BERNALILLO PUBLIC SCHOOLS
256481726
07076089
40374259
- 0
- 0
- 0
(1126384)
(1126384)
(1101324)
(917552)
- 0
- 0
29087
CUBA INDEPENDENT SCHOOLS
56653909
01563028
8918217
- 0
- 0
- 0
(248805)
(248805)
(243270)
(202677)
- 0
- 0
29088
JEMEZ VALLEY PUBLIC SCHOOLS
30896483
00852405
4863593
- 0
- 0
- 0
(135687)
(135687)
(132668)
(110531)
- 0
- 0
29122
JEMEZ MOUNTAIN SCHOOL DISTRICT
31276427
00862887
4923401
- 0
- 0
- 0
(137356)
(137356)
(134300)
(111890)
- 0
- 0
29123
RIO RANCHO PUBLIC SCHOOLS
1067726236
29457561
168076913
- 0
- 0
- 0
(4689104)
(4689104)
(4584780)
(3819742)
- 0
- 0
29150
NORTHWEST REGIONAL EDUCATION 2
4890736
00134931
769880
- 0
- 0
- 0
(21479)
(21479)
(21001)
(17496)
- 0
- 0
29305
SAN DIEGO RIVERSIDE CHARTER SCHOOL
6815857
00188043
1072923
- 0
- 0
- 0
(29933)
(29933)
(29267)
(24383)
- 0
- 0
29330
WALATOWA CHARTER HIGH SCHOOL
6020020
00166087
947648
- 0
- 0
- 0
(26438)
(26438)
(25850)
(21536)
- 0
- 0
29408
THE ASK ACADEMY
13515142
00372870
2127496
- 0
- 0
- 0
(59354)
(59354)
(58034)
(48350)
- 0
- 0
30089
MORA INDEPENDENT SCHOOLS
46556291
01284444
7328692
- 0
- 0
- 0
(204460)
(204460)
(199911)
(166553)
- 0
- 0
30090
WAGON MOUND PUBLIC SCHOOLS
15846572
00437192
2494500
- 0
- 0
- 0
(69593)
(69593)
(68045)
(56690)
- 0
- 0
31091
MOSQUERO MUNICIPAL SCHOOLS
8360043
00230646
1316004
- 0
- 0
- 0
(36715)
(36715)
(35898)
(29908)
- 0
- 0
31092
ROY MUNICIPAL SCHOOLS
9840797
00271498
1549095
- 0
- 0
- 0
(43218)
(43218)
(42256)
(35205)
- 0
- 0
32093
LOS ALAMOS PUBLIC SCHOOLS
313613561
08652303
49367712
- 0
- 0
- 0
(1377288)
(1377288)
(1346646)
(1121938)
- 0
- 0
36246253697
1000000000
5705730817
- 0
- 0
- 0
(159181664)
(159181664)
(155640186)
(129669335)
- 0
- 0
New Mexico Educational Retirement Board
Schedule of Collective Pension Amounts
As of and for the year ended June 30 2014
Net Pension Liability (775 Discount)
$ 5705730813
Net Pension Liability -- 100 Decrease (675 Discount)
$ 7763304829
Net Pension Liability -- 100 Increase (875 Discount)
$ 3987098791
Deferred Outflows of Resources
Differences Between Expected and Actual Experience
$ 0
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
0
Changes in Assumptions
0
Total Deferred Outflows of Resources Excluding Employer-Specific Amounts
$ 0
Deferred Inflows of Resources
Differences Between Expected and Actual Experience
$ 84995487
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
518677364
Changes inf Assumptions
0
Total Deferred Inflows of Resources Excluding Employer-Specific Amounts
$ 603672851
Pension Plan Expense
$ 395014052
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
Why Does GASB Mandate this Change
GASBrsquos goals are to havebull Increased transparency however not all of the
information is helpfulbull Improve comparability among pension plan employers
7
Glossary
Current GASB 6768 ResultActuarial Accrued Liability (AAL)Present value of earned retirement benefits
Total Pension Liability (TPL)
Present value of earned retirement benefits
No change for ERB
Actuarial Value of Assets (AVA)ldquoSmoothedrdquo value of pension plan assets
Fiduciary Net Position(FNP)Fair market value of pension plan assets minus liabilities
All amounts and ratios thatuse FMV of investments will be more volatile
Unfunded Actuarial Accrued Liability (UAAL)AAL minus AVA
Net Pension Liability (NPL)TPL minus FNP
For ERB NPLltUAAL as of June 30 2014
8
Glossary continued
Current GASB 6768 Result
Funded Ratio AVAAAL Funded Ratio FNPTPLFor ERB results in a higher funded ratioWill be more volatile
Annual Required Contribution (ARC)Contribution necessary to amortize UAAL in 30 years
No longer applicableERB will track Funding Policy Contribution in actuarial valuation report
Discount Rate Use long-term earnings assumption to calculate AAL
Discount Rate Use long-term earnings assumption to calculate TPL if enough assets If not blended rate
No change for ERB
Contribution expense Total of employer contributions accrued in fiscal year
Pension expense Change in NPL from one year to the next
Will be more volatile
In summary these changes will result in a need for two different sets of books one for funding and budgeting and one for accounting
9
Current and GASB 68 Reporting
Current GASB 68ERB FS School FS ERB FS School FS
UAAL Footnote disclosure
NoneMentions participation in ERB
Footnote disclosure including sensitivity of discount rate
Proportionate share of NPL on Balance Sheet
Contribution Expense
Included in Statement of Changes in Plan Net Assets
Amount of employer contributions accrued
Included in Statement of Changes in Fiduciary Net Position
Difference between current and prior year NPL plus adjustments
10
11
GASB 68 Meanshellip New disclosures for employers
Now required to recognize and reporthellipbull proportionate share of the Planrsquos collective Net Pension Liabilitybull proportionate share of the Planrsquos pension expensebull Proportionate share of the Planrsquos deferred inflows and outflowsThese will be reported with a one-year lag
Now required to addhellipbull More disclosure notes discount rate measurement assumptions
deferred flowsbull Required Supplementary Information Schedules of net pension
liability over 10 years contributions and related ratios
12
What are ERBrsquos Options
Implementation Level Benefits Issues to Resolve1 Bargain Basement
Implement only GASB 67bull Low cost to ERB bull Employers uninformed
unstaffed for reportingbull Public image problems
2 Middle of the RoadProvide proportionate share schedules for Net Pension Liability pension expense amp deferred inflows outflows
bull NMERB meets employers halfway
bull NMERB minimizes audit responsibility
bull Member data is supplied by members
bull Who audits the allocation schedule
bull Employers still face new reporting challenges
3 Full Service PlanPrepare and disclose all calculations and disclosuresfor employers
bull Reduce employer work
bull Plan takes on more work
13
How to maximize ERBrsquos service today
bull Increase Communicationbull Leverage existing ERB website and employer portal
bull Email blasts to Employer accounting personnel bull Fact Sheet Handouts sample reporting examples newslettersbull Compliance Auditor (desk amp field audits)bull Meet with Employers in regional meetings across New Mexicobull Meet with State Auditor Public Education Department Higher
Education Departmentbull Share Real Information
bull Provide audited GASB 68 report and Required Supplementary Information to all employersbull Employer contribution reconciliationsbull Allocation schedules (Net Pension Liability Contributions
How ERB Will Help Employers with GASB 68 Disclosures
In FY15 ERB will provide all employers this audited informationbull Each employerrsquos share of the Net Pension Liability and change from
prior period (Pension Expense)bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries prior period adjustment for
NPL and language for financial statement disclosures may require customization
In FY16 and future years ERB will provide all employers this audited information
bull Each employerrsquos share of the change in Net Pension Liability (Pension Expense)
bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries and language for financial
statement disclosures may require customization
15
16
ERBrsquos Implementation Plan
bull Produce annual audited schedules engaging ERBrsquos actuary and auditor to provide an opinion onbull Employer Allocationsbull Collective Pension Amounts and Required Supplementary
Informationbull Schedules include detail information for employers financials
bull ERB will comply with AICPA best practices that will allow the employerrsquos auditor to rely on ERBrsquos auditorrsquos opinion on proportionate shares
bull Employers have responsibility to report accurate census data to ERBbull Employers assume responsibility for presentation of the information
used in their own financial statements
17
New Mexico Educational Retirement BoardSchedule of Collective Pension AmountsAs of and for the year ended June 30 2014
Net Pension Liability (775 Discount) 5705730813$ Net Pension Liability -- 100 Decrease (675 Discount) 7763304829$ Net Pension Liability -- 100 Increase (875 Discount) 3987098791$
Deferred Outflows of ResourcesDifferences Between Expected and Actual Experience 0$ Net Difference Between Projected and Actual Investment Earnings on Plan 0Changes in Assumptions 0Total Deferred Outflows of Resources Excluding Employer-Specific Amounts 0$
Deferred Inflows of ResourcesDifferences Between Expected and Actual Experience 84995487$ Net Difference Between Projected and Actual Investment Earnings on Plan Investments 518677364Changes inf Assumptions 0Total Deferred Inflows of Resources Excluding Employer-Specific Amounts 603672851$
Pension Plan Expense 395014052$
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
ERBrsquos GASB 68 Collective Amounts
68_Collective Info
68_Shares
18
19
20
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Notes to Financial StatementsSummary of Significant Accounting Policies Basis of Accounting For purposes of
measuring the net pension liability deferred outflows of resources and deferred inflows of resources related to pensions and pension expense information about the fiduciary net position of the ERB and additions todeductions from ERBrsquos fiduciary net position have been determined on the same basis as they are reported by ERB Plan For this purpose benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms Investments are reported at fair value
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense At June 30 2015 the University of ABC (UABC) reported a liability of $14910 for its proportionate share of the net pension liability The net pension liability was measured as of June 30 2015 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as June 30 2014 UABCrsquos proportion of the net pension liability was based on UABCrsquos contributions to ERB for the year ending June 30 2015 relative to the total contribution for all employers participating in ERB a projection of the long-term share of contributions to the pension plan relative to projected contributions of all participating school districts actuarially determined At June 30 2015 UABCrsquos proportion was XX percent which was an increase of XX percent from its proportion measured as of June 30 2014
Sample Employer GASB 68 Disclosures
21
Sample Employer GASB 68 Disclosureshellipcont
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense (Cont)For the year ended June 30 2015 UABC recognized pension expense of $2394 At June 30 2015 reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources
Payable to the Pension Plan At June 30 2015 UABC reported a payable of $5432 for the outstanding contributions to the pension plan required for the year ended June 30 2015
Deferred Outflowsof Resources
Deferred Inflowsof Resources
Differences between expected and actual experience $ 2657 $ 142
Changes of assumptions 1714 130
Net difference between projected and actual earnings on pension plan investments
- 2194
Changes in proportion and differences between UABC contributions and proportionate share of contributions
753 156
UABC contributions subsequent to the measurement date 1065 -
Total $ 6189 $ 2622
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Questions
22
Appendix A page 1ERB Actuarials at a Glance
23
Fiscal Year 63012 63013 63014 63014GASB 67
UAAL $62B $65B $63B $57B
Funded Ratio 607 601 631 669
Funding Period Infinite 951 years 421 years Not applicable
Funding Policy
Contribution1759 1747 1632 Not applicable
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
New Mexico Educational Retirement Board
Deferred Outflows
Deferred Inflows
Schedule of Employer-Specific Pension Amounts
of Resources
of Resources
Pension Expense
Subsequent Recognition of Deferred Amounts
As of and for the year ended June 30 2014
Net Amortization
of Deferred
Amounts from
Changes in
Changes in
Changes in
Proportion
Proportion
Proportion
and Differences
and Differences
and Differences
Between
Between
Between
Employer
Employer
Employer
Contributions
Contributions
Contributions
and Proportionate
and Proportionate
and Proportionate
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Net Pension Liability
Share of
Share of
Share of
Ending
Ending
Ending
Ending
Ending
ER Code
Employer Name
Contribution
Employer Allocation Percentage
(775 Discount)
Contributions
Contributions
Contributions
2015
2016
2017
2018
2019
Thereafter
01001
POJOAQUE VALLEY SCHOOLS
130138115
03590388
20485787
- 0
- 0
- 0
(571524)
(571524)
(558809)
(465563)
- 0
- 0
01002
SANTA FE PUBLIC SCHOOLS
903846552
24936275
142279673
- 0
- 0
- 0
(3969398)
(3969398)
(3881086)
(3233470)
- 0
- 0
01003
SANTA FE COMMUNITY COLLEGE
285623563
07880085
44961644
- 0
- 0
- 0
(1254365)
(1254365)
(1226458)
(1021805)
- 0
- 0
01094
NEW MEXICO SCHOOL FOR THE DEAF
55303678
01525776
8705667
- 0
- 0
- 0
(242876)
(242876)
(237472)
(197846)
- 0
- 0
01301
THE ACADEMY FOR TECHNOLOGY amp THE CLASSICS
22265370
00614281
3504922
- 0
- 0
- 0
(97782)
(97782)
(95607)
(79653)
- 0
- 0
01306
MONTE DEL SOL CHARTER SCHOOL
27346513
00754465
4304774
- 0
- 0
- 0
(120097)
(120097)
(117425)
(97831)
- 0
- 0
01315
TURQUOISE TRAIL CHARTER SCHOOL
29690099
00819122
4673690
- 0
- 0
- 0
(130389)
(130389)
(127488)
(106215)
- 0
- 0
01341
STATE OF NEW MEXICO
121504115
03352184
19126660
- 0
- 0
- 0
(533606)
(533606)
(521735)
(434675)
- 0
- 0
01343
TIERRA ENCANTADA CHARTER SCHOOL
18916878
00521899
2977815
- 0
- 0
- 0
(83077)
(83077)
(81228)
(67674)
- 0
- 0
01398
THE MASTERS PROGRAM
11557405
00318858
1819318
- 0
- 0
- 0
(50756)
(50756)
(49627)
(41346)
- 0
- 0
01416
NEW MEXICO SCHOOL FOR THE ARTS
14899946
00411075
2345483
- 0
- 0
- 0
(65436)
(65436)
(63980)
(53304)
- 0
- 0
01418
New Mexico Connections Academy
10201256
00281443
1605838
- 0
- 0
- 0
(44801)
(44801)
(43804)
(36495)
- 0
- 0
02003
ALBUQUERQUE PUBLIC SCHOOLS
6164408173
170070218
970374883
- 0
- 0
- 0
(27072060)
(27072060)
(26469760)
(22052893)
- 0
- 0
02095
UNIVERSITY OF NEW MEXICO
5918270140
163279499
931628869
- 0
- 0
- 0
(25991102)
(25991102)
(25412851)
(21172345)
- 0
- 0
02123
CENTRAL NEW MEXICO COMMUNITY COLLEGE
965367901
26633591
151964101
- 0
- 0
- 0
(4239579)
(4239579)
(4145257)
(3453560)
- 0
- 0
02148
NEW MEXICO ACTIVITIES ASSOCIATION
13674332
00377262
2152555
- 0
- 0
- 0
(60053)
(60053)
(58717)
(48919)
- 0
- 0
02150
CENTRAL REGIONAL EDUCATION COOP
32918525
00908191
5181893
- 0
- 0
- 0
(144567)
(144567)
(141351)
(117765)
- 0
- 0
02295
UNIVERSITY HOSPITALS
38915116
01073631
6125849
- 0
- 0
- 0
(170902)
(170902)
(167100)
(139217)
- 0
- 0
02303
AMY BIEHL HIGH SCHOOL
24086383
00664521
3791578
- 0
- 0
- 0
(105780)
(105780)
(103426)
(86168)
- 0
- 0
02304
EAST MOUNTAIN HIGH SCHOOL
24508244
00676159
3857981
- 0
- 0
- 0
(107632)
(107632)
(105238)
(87677)
- 0
- 0
02308
TWENTY-FIRST CENTURY PUBLIC ACADEMY
10638203
00293498
1674621
- 0
- 0
- 0
(46720)
(46720)
(45680)
(38058)
- 0
- 0
02309
SOUTH VALLEY ACADEMY
27055891
00746447
4259026
- 0
- 0
- 0
(118821)
(118821)
(116177)
(96791)
- 0
- 0
02310
SOUTHWEST SECONDARY LEARNING CENTER
12754266
00351878
2007721
- 0
- 0
- 0
(56013)
(56013)
(54766)
(45628)
- 0
- 0
02311
NUESTROS VALORES CHARTER SCHOOL
8467810
00233619
1332967
- 0
- 0
- 0
(37188)
(37188)
(36361)
(30293)
- 0
- 0
02313
ROOTS AND WINGS COMMUNITY SCHOOL
3195446
00088159
503012
- 0
- 0
- 0
(14033)
(14033)
(13721)
(11432)
- 0
- 0
02314
THE LEARNING COMMUNITY CHARTER
12127601
00334589
1909075
- 0
- 0
- 0
(53260)
(53260)
(52075)
(43386)
- 0
- 0
02318
ROBERT F KENNEDY CHARTER SCHOOL
19636783
00541760
3091137
- 0
- 0
- 0
(86238)
(86238)
(84320)
(70250)
- 0
- 0
02320
PUBLIC ACADEMY FOR PERFORMING ARTS
22952684
00633243
3613114
- 0
- 0
- 0
(100801)
(100801)
(98558)
(82112)
- 0
- 0
02322
LOS PUENTES CHARTER SCHOOL
15963339
00440413
2512878
- 0
- 0
- 0
(70106)
(70106)
(68546)
(57108)
- 0
- 0
02323
EL CAMINO REAL ACADEMY
25600416
00706291
4029906
- 0
- 0
- 0
(112429)
(112429)
(109927)
(91584)
- 0
- 0
02327
HORIZON ACADEMY WEST
22209646
00612743
3496147
- 0
- 0
- 0
(97537)
(97537)
(95367)
(79454)
- 0
- 0
02328
NORTH VALLEY ACADEMY
21177733
00584274
3333710
- 0
- 0
- 0
(93006)
(93006)
(90937)
(75762)
- 0
- 0
02329
LA ACADEMIA DE ESPERANZA
32216102
00888812
5071322
- 0
- 0
- 0
(141483)
(141483)
(138335)
(115252)
- 0
- 0
02331
LA ACADEMIA DE LENGUA Y CULTURA
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02334
MONTESSORI OF THE RIO GRANDE CHARTER SCHOOL
13170269
00363355
2073206
- 0
- 0
- 0
(57839)
(57839)
(56553)
(47116)
- 0
- 0
02336
CESAR CHAVEZ COMMUNITY SCHOOL
13344118
00368152
2100576
- 0
- 0
- 0
(58603)
(58603)
(57299)
(47738)
- 0
- 0
02338
CREATIVE EDUCATION PREPARATORY INSTITUTE 1
13923018
00384123
2191702
- 0
- 0
- 0
(61145)
(61145)
(59785)
(49809)
- 0
- 0
02339
GILBERT L SENA CHARTER HIGH SCHOOL
13971841
00385470
2199388
- 0
- 0
- 0
(61360)
(61360)
(59995)
(49984)
- 0
- 0
02340
SCHOOL FOR INTEGRATED ACADEMICS amp TECHNOLOGIES
17385947
00479662
2736822
- 0
- 0
- 0
(76353)
(76353)
(74655)
(62197)
- 0
- 0
02341
ALB INSTITUTE FOR MATH AND SCIENCE UNM
17455816
00481590
2747823
- 0
- 0
- 0
(76660)
(76660)
(74955)
(62447)
- 0
- 0
02342
MOUNTAIN MAHOGONY COMMUNITY
11336352
00312759
1784519
- 0
- 0
- 0
(49785)
(49785)
(48678)
(40555)
- 0
- 0
02343
LA PROMESA EARLY LEARNING
22284215
00614801
3507889
- 0
- 0
- 0
(97865)
(97865)
(95688)
(79721)
- 0
- 0
02344
ACADEMY OF TRADES AND TECHNOLOGY (YOUTH BUILD CO)
9306534
00256759
1464998
- 0
- 0
- 0
(40871)
(40871)
(39962)
(33294)
- 0
- 0
02345
SOUTHWEST INTERMEDIATE LEARNING CTR (LA LUZ DEL M)
6003345
00165627
945023
- 0
- 0
- 0
(26365)
(26365)
(25778)
(21477)
- 0
- 0
02346
SOUTHWEST PRIMARY LEARNING CENTER
6508031
00179550
1024464
- 0
- 0
- 0
(28581)
(28581)
(27945)
(23282)
- 0
- 0
02350
DIGITAL ARTS AND TECHNOLOGY ACADEMY
18276643
00504235
2877029
- 0
- 0
- 0
(80265)
(80265)
(78479)
(65384)
- 0
- 0
02351
THE MONTESSORI ELEMENTARY SCHOOL
15956095
00440214
2511743
- 0
- 0
- 0
(70074)
(70074)
(68515)
(57082)
- 0
- 0
02353
CHRISTINE DUNCANS HERITAGE ACADEMY
11567894
00319147
1820967
- 0
- 0
- 0
(50802)
(50802)
(49672)
(41384)
- 0
- 0
02354
NATIVE AMERICAN COMMUNITY ACADEMY
24618203
00679193
3875292
- 0
- 0
- 0
(108115)
(108115)
(105710)
(88071)
- 0
- 0
02355
RALPH J BUNCHE ACADEMY
5170362
00142645
813894
- 0
- 0
- 0
(22706)
(22706)
(22201)
(18497)
- 0
- 0
02356
ALICE KING COMMUNITY SCHOOL(N ALB COOP C C)
15945481
00439921
2510071
- 0
- 0
- 0
(70027)
(70027)
(68469)
(57044)
- 0
- 0
02357
LA RESOLANA LEADERSHIP ACADEMY
5266902
00145309
829094
- 0
- 0
- 0
(23131)
(23131)
(22616)
(18842)
- 0
- 0
02358
VILLAGE ACADEMY CHARTER SCHOOL
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02360
BATAAN MILITARY ACADEMY
9938807
00274202
1564523
- 0
- 0
- 0
(43648)
(43648)
(42677)
(35556)
- 0
- 0
02361
ALBUQUERQUE TALENT DEVELOPMENT SECONDARY CHARTER
11434102
00315456
1799907
- 0
- 0
- 0
(50215)
(50215)
(49098)
(40905)
- 0
- 0
02362
GORDON BERNELL CHARTER SCHOOL
32236740
00889381
5074569
- 0
- 0
- 0
(141573)
(141573)
(138423)
(115325)
- 0
- 0
02363
CORRALES INTERNATIONAL SCHOOL
17491523
00482575
2753443
- 0
- 0
- 0
(76817)
(76817)
(75108)
(62575)
- 0
- 0
02364
COTTONWOOD CLASSICAL PREP SCHOOL
27174715
00749725
4277729
- 0
- 0
- 0
(119342)
(119342)
(116687)
(97216)
- 0
- 0
02365
MEDIA ARTS COLLABORATIVE CHARTER SCHOOL
12988950
00358353
2044666
- 0
- 0
- 0
(57043)
(57043)
(55774)
(46467)
- 0
- 0
02366
THE NEW AMERICA SCHOOL
15162026
00418306
2386741
- 0
- 0
- 0
(66587)
(66587)
(65105)
(54241)
- 0
- 0
02367
CIEN AGUAS INTERNATIONAL SCHOOL
16645455
00459232
2620254
- 0
- 0
- 0
(73101)
(73101)
(71475)
(59548)
- 0
- 0
02368
THE INTERNATIONAL SCH AT MESA DEL SOL
15953529
00440143
2511337
- 0
- 0
- 0
(70063)
(70063)
(68504)
(57073)
- 0
- 0
02370
TIERRA ADENTRO OF NEW MEXICO
14574532
00402098
2294263
- 0
- 0
- 0
(64007)
(64007)
(62583)
(52140)
- 0
- 0
02390
ACE LEADERSHIP HIGH SCHOOL
21477933
00592556
3380965
- 0
- 0
- 0
(94324)
(94324)
(92226)
(76836)
- 0
- 0
02396
SOUTH VALLEY PREPARATORY SCHOOL
9352262
00258020
1472193
- 0
- 0
- 0
(41072)
(41072)
(40158)
(33457)
- 0
- 0
02402
ALBUQUERQUE SIGN LANGUAGE ACADEMY
12136863
00334845
1910535
- 0
- 0
- 0
(53301)
(53301)
(52115)
(43419)
- 0
- 0
02412
ALBUQUERQUE SCHOOL OF EXCELLENCE
12941978
00357057
2037271
- 0
- 0
- 0
(56837)
(56837)
(55572)
(46299)
- 0
- 0
02413
THE GREAT ACADEMY
9104631
00251188
1433211
- 0
- 0
- 0
(39985)
(39985)
(39095)
(32571)
- 0
- 0
02414
THE NEW MEXICO INTERNATIONAL SCHOOL
9093315
00250876
1431431
- 0
- 0
- 0
(39935)
(39935)
(39046)
(32531)
- 0
- 0
02417
WILLIAM W amp JOSEPHINE DORN CHARTER COMMUNITY SCHOO
2499702
00068964
393490
- 0
- 0
- 0
(10978)
(10978)
(10734)
(8943)
- 0
- 0
02418
SAGE MONTESSORI CHARTER SCHOOL
7486288
00206540
1178462
- 0
- 0
- 0
(32877)
(32877)
(32146)
(26782)
- 0
- 0
02420
SOUTHWEST AERONAUTICS MATH amp SCIENCE ACADEMY
9312685
00256928
1465962
- 0
- 0
- 0
(40898)
(40898)
(39988)
(33316)
- 0
- 0
02421
CORAL COMMUNITY CHARTER SCHOOL
5518744
00152257
868737
- 0
- 0
- 0
(24237)
(24237)
(23697)
(19743)
- 0
- 0
02425
MISSION ACHIEVEMENT AND SUCCESS CHARTER SCHOOL
15952839
00440124
2511229
- 0
- 0
- 0
(70060)
(70060)
(68501)
(57071)
- 0
- 0
02430
Health Leadership Community School
9697716
00267551
1526574
- 0
- 0
- 0
(42589)
(42589)
(41642)
(34693)
- 0
- 0
03004
ARTESIA PUBLIC SCHOOLS
249203786
06875298
39228600
- 0
- 0
- 0
(1094421)
(1094421)
(1070073)
(891515)
- 0
- 0
03005
CARLSBAD MUNICIPAL SCHOOLS
457710863
12627812
72050896
- 0
- 0
- 0
(2010116)
(2010116)
(1965395)
(1637440)
- 0
- 0
03006
LOVING MUNICIPAL SCHOOLS
45366532
01251620
7141407
- 0
- 0
- 0
(199235)
(199235)
(194802)
(162297)
- 0
- 0
03321
JEFFERSON MONTESSORI ACADEMY
14230129
00392596
2240047
- 0
- 0
- 0
(62494)
(62494)
(61104)
(50908)
- 0
- 0
04008
DEXTER CONSOLIDATED SCHOOLS
74126962
02045093
11668750
- 0
- 0
- 0
(325541)
(325541)
(318299)
(265186)
- 0
- 0
04009
HAGERMAN MUNICIPAL SCHOOLS
35432505
00977549
5577631
- 0
- 0
- 0
(155608)
(155608)
(152146)
(126758)
- 0
- 0
04010
LAKE ARTHUR MUNICIPAL SCHOOLS
13637822
00376255
2146810
- 0
- 0
- 0
(59893)
(59893)
(58560)
(48789)
- 0
- 0
04011
ROSWELL INDEPENDENT SCHOOLS
615946152
16993374
96959618
- 0
- 0
- 0
(2705034)
(2705034)
(2644852)
(2203520)
- 0
- 0
04097
NEW MEXICO MILITARY INSTITUTE
168542271
04649923
26531209
- 0
- 0
- 0
(740182)
(740182)
(723715)
(602952)
- 0
- 0
04317
SIDNEY GUTIERREZ MIDDLE SCHOOL
4080477
00112577
642334
- 0
- 0
- 0
(17920)
(17920)
(17522)
(14598)
- 0
- 0
05011
CLOVIS COMMUNITY COLLEGE
91114505
02513763
14342855
- 0
- 0
- 0
(400145)
(400145)
(391243)
(325958)
- 0
- 0
05012
CLOVIS MUNICIPAL SCHOOLS
529906737
14619628
83415662
- 0
- 0
- 0
(2327177)
(2327177)
(2275402)
(1895717)
- 0
- 0
05013
GRADY MUNICIPAL SCHOOLS
13422095
00370303
2112849
- 0
- 0
- 0
(58945)
(58945)
(57634)
(48017)
- 0
- 0
05014
MELROSE SCHOOLS
20092869
00554343
3162932
- 0
- 0
- 0
(88241)
(88241)
(86278)
(71881)
- 0
- 0
05015
TEXICO MUNICIPAL SCHOOLS
46844881
01292406
7374121
- 0
- 0
- 0
(205727)
(205727)
(201150)
(167585)
- 0
- 0
05016
REGIONAL EDUCATIONAL CENTER 6
8833229
00243700
1390487
- 0
- 0
- 0
(38793)
(38793)
(37930)
(31600)
- 0
- 0
06016
EUNICE PUBLIC SCHOOLS
47356967
01306534
7454731
- 0
- 0
- 0
(207976)
(207976)
(203349)
(169417)
- 0
- 0
06017
HOBBS MUNICIPAL SCHOOLS
528484026
14580377
83191706
- 0
- 0
- 0
(2320929)
(2320929)
(2269293)
(1890628)
- 0
- 0
06018
JAL PUBLIC SCHOOLS
34332805
00947210
5404525
- 0
- 0
- 0
(150778)
(150778)
(147424)
(122824)
- 0
- 0
06019
LOVINGTON MUNICIPAL SCHOOLS
228661774
06308563
35994962
- 0
- 0
- 0
(1004208)
(1004208)
(981866)
(818027)
- 0
- 0
06020
TATUM MUNICIPAL SCHOOLS
32371140
00893089
5095725
- 0
- 0
- 0
(142163)
(142163)
(139001)
(115806)
- 0
- 0
06124
NEW MEXICO JUNIOR COLLEGE
143512547
03959376
22591134
- 0
- 0
- 0
(630260)
(630260)
(616238)
(513410)
- 0
- 0
06150
REGIONAL EDUCATIONAL COOP 7
2672852
00073741
420746
- 0
- 0
- 0
(11738)
(11738)
(11477)
(9562)
- 0
- 0
07021
GADSDEN INDEPENDENT SCHOOLS
954445594
26332255
150244759
- 0
- 0
- 0
(4191612)
(4191612)
(4098357)
(3414486)
- 0
- 0
07022
HATCH VALLEY PUBLIC SCHOOLS
101411144
02797838
15963710
- 0
- 0
- 0
(445365)
(445365)
(435456)
(362794)
- 0
- 0
07023
LAS CRUCES PUBLIC SCHOOLS
1700239556
46908008
267644467
- 0
- 0
- 0
(7466895)
(7466895)
(7300771)
(6082530)
- 0
- 0
07098
NEW MEXICO STATE UNIVERSITY
2740590573
75610313
431412093
- 0
- 0
- 0
(12035775)
(12035775)
(11768003)
(9804339)
- 0
- 0
07335
ALMA DARTE CHARTER HIGH SCHOOL
14804322
00408437
2330432
- 0
- 0
- 0
(65016)
(65016)
(63569)
(52962)
- 0
- 0
07337
LA ACADEMIA DOLORES HUERTA
9581137
00264335
1508224
- 0
- 0
- 0
(42077)
(42077)
(41141)
(34276)
- 0
- 0
07338
LAS MONTANAS CHARTER HIGH SCHOOL
14737236
00406586
2319870
- 0
- 0
- 0
(64721)
(64721)
(63281)
(52722)
- 0
- 0
07339
ANTHONY CHARTER SCHOOL
5217470
00143945
821311
- 0
- 0
- 0
(22913)
(22913)
(22404)
(18665)
- 0
- 0
07420
J PAUL TAYLOR ACADEMY
10921121
00301303
1719154
- 0
- 0
- 0
(47962)
(47962)
(46895)
(39070)
- 0
- 0
07421
NEW AMERICA SCHOOL-LAS CRUCES
12850101
00354522
2022807
- 0
- 0
- 0
(56433)
(56433)
(55178)
(45971)
- 0
- 0
08024
COBRE CONSOLIDATED SCHOOLS
107900060
02976861
16985168
- 0
- 0
- 0
(473862)
(473862)
(463319)
(386008)
- 0
- 0
08026
SILVER CONSOLIDATED SCHOOLS
223923812
06177847
35249132
- 0
- 0
- 0
(983400)
(983400)
(961521)
(801077)
- 0
- 0
08099
WESTERN NEW MEXICO UNIVERSITY
228493287
06303915
35968442
- 0
- 0
- 0
(1003468)
(1003468)
(981142)
(817424)
- 0
- 0
08347
ALDO LEOPOLD HIGH SCHOOL
11975600
00330396
1885151
- 0
- 0
- 0
(52593)
(52593)
(51423)
(42842)
- 0
- 0
09027
CIMARRON MUNICIPAL SCHOOLS
33888261
00934945
5334544
- 0
- 0
- 0
(148826)
(148826)
(145515)
(121234)
- 0
- 0
09028
MAXWELL MUNICIPAL SCHOOLS
15196104
00419246
2392105
- 0
- 0
- 0
(66736)
(66736)
(65252)
(54363)
- 0
- 0
09029
RATON PUBLIC SCHOOLS
80720720
02227009
12706714
- 0
- 0
- 0
(354499)
(354499)
(346612)
(288775)
- 0
- 0
09030
SPRINGER MUNICIPAL SCHOOLS
19298679
00532432
3037914
- 0
- 0
- 0
(84753)
(84753)
(82868)
(69040)
- 0
- 0
09150
HIGH PLAINS REGIONAL EDUCATIONAL COOP 3
12699970
00350380
1999174
- 0
- 0
- 0
(55774)
(55774)
(54533)
(45434)
- 0
- 0
09324
MORENO VALLEY HIGH SCHOOL
7446232
00205435
1172157
- 0
- 0
- 0
(32701)
(32701)
(31974)
(26639)
- 0
- 0
10032
SAN JON SCHOOLS
14631539
00403670
2303232
- 0
- 0
- 0
(64257)
(64257)
(62827)
(52344)
- 0
- 0
10033
TUCUMCARI PUBLIC SCHOOLS
74492978
02055191
11726367
- 0
- 0
- 0
(327149)
(327149)
(319870)
(266495)
- 0
- 0
10119
HOUSE MUNICIPAL SCHOOLS
14003541
00386345
2204381
- 0
- 0
- 0
(61499)
(61499)
(60131)
(50097)
- 0
- 0
10120
LOGAN MUNICIPAL SCHOOLS
25199979
00695244
3966875
- 0
- 0
- 0
(110670)
(110670)
(108208)
(90152)
- 0
- 0
10141
MESALANDS COMMUNITY COLLEGE
35425739
00977363
5576570
- 0
- 0
- 0
(155578)
(155578)
(152117)
(126734)
- 0
- 0
11034
ELIDA MUNICIPAL SCHOOLS
14152846
00390464
2227882
- 0
- 0
- 0
(62155)
(62155)
(60772)
(50631)
- 0
- 0
11035
PORTALES MUNICIPAL SCHOOLS
202486725
05586418
31874597
- 0
- 0
- 0
(889255)
(889255)
(869471)
(724387)
- 0
- 0
11101
EASTERN NEW MEXICO UNIVERSITY - PORTALES
321726936
08876143
50644883
- 0
- 0
- 0
(1412919)
(1412919)
(1381485)
(1150964)
- 0
- 0
11102
EASTERN NM UNIVERSITY - ROSWELL
132681232
03660550
20886113
- 0
- 0
- 0
(582692)
(582692)
(569729)
(474661)
- 0
- 0
11117
DORA CONSOLIDATED SCHOOLS
23215804
00640502
3654532
- 0
- 0
- 0
(101956)
(101956)
(99688)
(83053)
- 0
- 0
11118
FLOYD MUNICIPAL SCHOOLS
22040516
00608077
3469524
- 0
- 0
- 0
(96795)
(96795)
(94641)
(78849)
- 0
- 0
12037
LAS VEGAS CITY SCHOOLS
125424467
03460343
19743786
- 0
- 0
- 0
(550823)
(550823)
(538568)
(448700)
- 0
- 0
12038
WEST LAS VEGAS SCHOOLS
135571770
03740297
21341128
- 0
- 0
- 0
(595387)
(595387)
(582141)
(485002)
- 0
- 0
12039
PECOS INDEPENDENT SCHOOLS
57989889
01599886
9128519
- 0
- 0
- 0
(254673)
(254673)
(249007)
(207456)
- 0
- 0
12102
NEW MEXICO HIGHLANDS UNIVERSITY
293679047
08102328
46229703
- 0
- 0
- 0
(1289742)
(1289742)
(1261048)
(1050624)
- 0
- 0
12128
LUNA COMMUNITY COLLEGE
77802974
02146511
12247414
- 0
- 0
- 0
(341685)
(341685)
(334083)
(278337)
- 0
- 0
12150
PECOS VALLEY REC 8
6405772
00176729
1008368
- 0
- 0
- 0
(28132)
(28132)
(27506)
(22916)
- 0
- 0
12151
NORTHEAST REGIONAL EDUCATION COOP
7566786
00208760
1191128
- 0
- 0
- 0
(33231)
(33231)
(32491)
(27070)
- 0
- 0
13041
GALLUP MCKINLEY COUNTY SCHOOLS
874308315
24121343
137629890
- 0
- 0
- 0
(3839676)
(3839676)
(3754250)
(3127799)
- 0
- 0
13142
ZUNI PUBLIC SCHOOLS
130100988
03589364
20479945
- 0
- 0
- 0
(571361)
(571361)
(558649)
(465430)
- 0
- 0
13369
MIDDLE COLLEGE HIGH SCHOOL
5022305
00138561
790592
- 0
- 0
- 0
(22056)
(22056)
(21566)
(17967)
- 0
- 0
13430
UPLIFT COMMUNITY SCHOOL
8929543
00246358
1405652
- 0
- 0
- 0
(39216)
(39216)
(38343)
(31945)
- 0
- 0
14043
BELEN CONSOLIDATED SCHOOLS
282020844
07780689
44394517
- 0
- 0
- 0
(1238543)
(1238543)
(1210988)
(1008917)
- 0
- 0
14044
GRANTS-CIBOLA COUNTY SCHOOLS
270364497
07459102
42559628
- 0
- 0
- 0
(1187352)
(1187352)
(1160936)
(967217)
- 0
- 0
14045
LOS LUNAS SCHOOLS
516619864
14253055
81324095
- 0
- 0
- 0
(2268825)
(2268825)
(2218348)
(1848184)
- 0
- 0
14366
SCHOOL OF DREAMS ACADEMY
16804216
00463612
2645245
- 0
- 0
- 0
(73799)
(73799)
(72157)
(60116)
- 0
- 0
15046
ALAMOGORDO PUBLIC SCHOOLS
369877443
10204570
58224529
- 0
- 0
- 0
(1624380)
(1624380)
(1588241)
(1323220)
- 0
- 0
15047
CLOUDCROFT MUNICIPAL SCHOOLS
30771554
00848958
4843926
- 0
- 0
- 0
(135139)
(135139)
(132132)
(110084)
- 0
- 0
15049
TULAROSA MUNICIPAL SCHOOLS
68396924
01887007
10766754
- 0
- 0
- 0
(300377)
(300377)
(293694)
(244687)
- 0
- 0
15104
NEW MEXICO SCHOOL FT BLIND amp VISUALLY IMPAIRED
79976142
02206466
12589501
- 0
- 0
- 0
(351229)
(351229)
(343415)
(286111)
- 0
- 0
16050
AZTEC MUNICIPAL SCHOOLS
187894163
05183823
29577499
- 0
- 0
- 0
(825170)
(825170)
(806811)
(672183)
- 0
- 0
16051
BLOOMFIELD SCHOOLS
209183372
05771172
32928754
- 0
- 0
- 0
(918665)
(918665)
(898226)
(748344)
- 0
- 0
16052
FARMINGTON MUNICIPAL SCHOOLS
709808631
19582952
111735053
- 0
- 0
- 0
(3117247)
(3117247)
(3047894)
(2539308)
- 0
- 0
16053
CENTRAL CONSOLIDATED SCHOOLS
497242938
13718464
78273863
- 0
- 0
- 0
(2183728)
(2183728)
(2135144)
(1778864)
- 0
- 0
16155
SAN JUAN COLLEGE
372723272
10283084
58672509
- 0
- 0
- 0
(1636878)
(1636878)
(1600461)
(1333401)
- 0
- 0
16356
MOSAIC ACADEMY CHARTER
10488019
00289355
1650982
- 0
- 0
- 0
(46060)
(46060)
(45035)
(37520)
- 0
- 0
16357
CARINOS CHARTER SCHOOL
17209176
00474785
2708995
- 0
- 0
- 0
(75577)
(75577)
(73896)
(61565)
- 0
- 0
16358
NEW MEXICO VIRTUAL ACADEMY
8945064
00246786
1408094
- 0
- 0
- 0
(39284)
(39284)
(38410)
(32001)
- 0
- 0
17054
ESPANOLA PUBLIC SCHOOLS
260245590
07179931
40966754
- 0
- 0
- 0
(1142913)
(1142913)
(1117486)
(931017)
- 0
- 0
17105
NORTHERN NEW MEXICO COLLEGE
128311258
03539987
20198213
- 0
- 0
- 0
(563501)
(563501)
(550964)
(459028)
- 0
- 0
17115
DULCE INDEPENDENT SCHOOLS
63542017
01753064
10002511
- 0
- 0
- 0
(279056)
(279056)
(272847)
(227319)
- 0
- 0
17126
CHAMA VALLEY SCHOOLS
41127543
01134670
6474122
- 0
- 0
- 0
(180619)
(180619)
(176600)
(147132)
- 0
- 0
17127
MESA VISTA CONSOLIDATED SCHOOLS
36319862
01002031
5717319
- 0
- 0
- 0
(159505)
(159505)
(155956)
(129933)
- 0
- 0
17334
LINDRITH AREA HERITAGE SCHOOL
1999722
00055170
314785
- 0
- 0
- 0
(8782)
(8782)
(8587)
(7154)
- 0
- 0
17424
MC CURDY CHARTER SCHOOL
26341385
00726734
4146549
- 0
- 0
- 0
(115683)
(115683)
(113109)
(94235)
- 0
- 0
17425
LA TIERRA MONTESSORI SCHOOL
3636882
00100338
572502
- 0
- 0
- 0
(15972)
(15972)
(15617)
(13011)
- 0
- 0
18056
CLAYTON MUNICIPAL SCHOOLS
41375879
01141522
6513217
- 0
- 0
- 0
(181709)
(181709)
(177667)
(148020)
- 0
- 0
18057
DES MOINES MUNICIPAL SCHOOLS
12824909
00353827
2018842
- 0
- 0
- 0
(56323)
(56323)
(55070)
(45881)
- 0
- 0
19059
DEMING PUBLIC SCHOOLS
358423873
09888577
56421558
- 0
- 0
- 0
(1574080)
(1574080)
(1539060)
(1282245)
- 0
- 0
19301
DEMING CESAR CHAVEZ CHARTER HIGH SCHOOL
10654211
00293940
1677143
- 0
- 0
- 0
(46790)
(46790)
(45749)
(38115)
- 0
- 0
20060
PENASCO INDEPENDENT SCHOOLS
43124424
01189762
6788462
- 0
- 0
- 0
(189388)
(189388)
(185175)
(154276)
- 0
- 0
20062
TAOS MUNICIPAL SCHOOLS
185250055
05110875
29161277
- 0
- 0
- 0
(813558)
(813558)
(795458)
(662724)
- 0
- 0
20125
QUESTA INDEPENDENT SCHOOLS
53837543
01485327
8474876
- 0
- 0
- 0
(236437)
(236437)
(231177)
(192601)
- 0
- 0
20265
TAOS ACADEMY CHARTER SCHOOL
11325900
00312471
1782875
- 0
- 0
- 0
(49740)
(49740)
(48633)
(40518)
- 0
- 0
20266
La Jicarita Community School
2194276
00060538
345414
- 0
- 0
- 0
(9637)
(9637)
(9422)
(7850)
- 0
- 0
20307
TAOS CHARTER SCHOOL
10997820
00303419
1731227
- 0
- 0
- 0
(48299)
(48299)
(47224)
(39344)
- 0
- 0
20312
RED RIVER VALLEY CHARTER SCHOOLS
4685520
00129269
737574
- 0
- 0
- 0
(20577)
(20577)
(20119)
(16762)
- 0
- 0
20316
ANANSI CHARTER SCHOOL
8137027
00224493
1280897
- 0
- 0
- 0
(35735)
(35735)
(34940)
(29110)
- 0
- 0
20317
VISTA GRANDE HIGH SCHOOL
6300504
00173825
991799
- 0
- 0
- 0
(27670)
(27670)
(27054)
(22540)
- 0
- 0
20415
TAOS INTEGRATED SCHOOL OF THE ARTS
6209169
00171305
977420
- 0
- 0
- 0
(27269)
(27269)
(26662)
(22213)
- 0
- 0
21063
TRUTH OR CONSEQUENCES MUNICIPAL SCHOOLS
108041191
02980755
17007386
- 0
- 0
- 0
(474482)
(474482)
(463925)
(386513)
- 0
- 0
21150
SOUTHWEST REGIONAL ED COOPERATIVE 10
13050923
00360063
2054423
- 0
- 0
- 0
(57315)
(57315)
(56040)
(46689)
- 0
- 0
22065
ESTANCIA MUNICPAL SCHOOLS
61525804
01697439
9685130
- 0
- 0
- 0
(270201)
(270201)
(264190)
(220106)
- 0
- 0
22066
MORIARTY-EDGEWOOD SCHOOL DISTRICT
195971575
05406671
30849009
- 0
- 0
- 0
(860643)
(860643)
(841495)
(701079)
- 0
- 0
22067
MOUNTAINAIR PUBLIC SCHOOLS
25324156
00698670
3986423
- 0
- 0
- 0
(111215)
(111215)
(108741)
(90596)
- 0
- 0
22201
ESTANCIA VALLEY CLASSICAL ACADEMY
17772159
00490317
2797617
- 0
- 0
- 0
(78049)
(78049)
(76313)
(63579)
- 0
- 0
23070
LORDSBURG MUNICIPAL SCHOOLS
51096743
01409711
8043431
- 0
- 0
- 0
(224400)
(224400)
(219408)
(182796)
- 0
- 0
23121
ANIMAS PUBLIC SCHOOLS
19292757
00532269
3036984
- 0
- 0
- 0
(84727)
(84727)
(82842)
(69019)
- 0
- 0
24072
SANTA ROSA CONSOLIDATED SCHOOLS
56809634
01567324
8942729
- 0
- 0
- 0
(249489)
(249489)
(243939)
(203234)
- 0
- 0
24073
VAUGHN MUNICIPAL SCHOOLS
12288412
00339026
1934391
- 0
- 0
- 0
(53967)
(53967)
(52766)
(43961)
- 0
- 0
25075
MAGDELENA MUNICIPAL SCHOOLS
39388022
01086678
6200292
- 0
- 0
- 0
(172979)
(172979)
(169131)
(140909)
- 0
- 0
25076
SOCORRO CONSOLIDATED SCHOOLS
119743612
03303613
18849526
- 0
- 0
- 0
(525875)
(525875)
(514175)
(428377)
- 0
- 0
25106
NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY
472350274
13031699
74355367
- 0
- 0
- 0
(2074408)
(2074408)
(2028256)
(1689812)
- 0
- 0
25319
COTTONWOOD VALLEY CHARTER SCHOOLS
11134970
00307203
1752818
- 0
- 0
- 0
(48901)
(48901)
(47813)
(39835)
- 0
- 0
26077
CAPITAN MUNICIPAL SCHOOLS
35934847
00991409
5656713
- 0
- 0
- 0
(157814)
(157814)
(154303)
(128555)
- 0
- 0
26078
CARRIZOZO MUNICIPAL SCHOOLS
15641987
00431548
2462297
- 0
- 0
- 0
(68695)
(68695)
(67166)
(55959)
- 0
- 0
26079
CORONA PUBLIC SCHOOLS
13583697
00374761
2138285
- 0
- 0
- 0
(59655)
(59655)
(58328)
(48595)
- 0
- 0
26080
HONDO VALLEY PUBLIC SCHOOLS
16942484
00467427
2667013
- 0
- 0
- 0
(74406)
(74406)
(72750)
(60611)
- 0
- 0
26081
RUIDOSO MUNICIPAL SCHOOL DISTRICT
125672227
03467178
19782784
- 0
- 0
- 0
(551911)
(551911)
(539632)
(449587)
- 0
- 0
26150
REGION IX EDUCATIONAL COOPERATIVE
31729042
00875374
4994648
- 0
- 0
- 0
(139343)
(139343)
(136243)
(113509)
- 0
- 0
27083
FORT SUMNER MUNICIPAL SCHOOLS
30489477
00841176
4799524
- 0
- 0
- 0
(133900)
(133900)
(130921)
(109075)
- 0
- 0
28084
QUEMADO INDEPENDENT SCHOOLS
17595257
00485437
2769773
- 0
- 0
- 0
(77273)
(77273)
(75554)
(62946)
- 0
- 0
28085
RESERVE INDEPENDENT SCHOOLS
18999938
00524190
2990887
- 0
- 0
- 0
(83441)
(83441)
(81585)
(67971)
- 0
- 0
29086
BERNALILLO PUBLIC SCHOOLS
256481726
07076089
40374259
- 0
- 0
- 0
(1126384)
(1126384)
(1101324)
(917552)
- 0
- 0
29087
CUBA INDEPENDENT SCHOOLS
56653909
01563028
8918217
- 0
- 0
- 0
(248805)
(248805)
(243270)
(202677)
- 0
- 0
29088
JEMEZ VALLEY PUBLIC SCHOOLS
30896483
00852405
4863593
- 0
- 0
- 0
(135687)
(135687)
(132668)
(110531)
- 0
- 0
29122
JEMEZ MOUNTAIN SCHOOL DISTRICT
31276427
00862887
4923401
- 0
- 0
- 0
(137356)
(137356)
(134300)
(111890)
- 0
- 0
29123
RIO RANCHO PUBLIC SCHOOLS
1067726236
29457561
168076913
- 0
- 0
- 0
(4689104)
(4689104)
(4584780)
(3819742)
- 0
- 0
29150
NORTHWEST REGIONAL EDUCATION 2
4890736
00134931
769880
- 0
- 0
- 0
(21479)
(21479)
(21001)
(17496)
- 0
- 0
29305
SAN DIEGO RIVERSIDE CHARTER SCHOOL
6815857
00188043
1072923
- 0
- 0
- 0
(29933)
(29933)
(29267)
(24383)
- 0
- 0
29330
WALATOWA CHARTER HIGH SCHOOL
6020020
00166087
947648
- 0
- 0
- 0
(26438)
(26438)
(25850)
(21536)
- 0
- 0
29408
THE ASK ACADEMY
13515142
00372870
2127496
- 0
- 0
- 0
(59354)
(59354)
(58034)
(48350)
- 0
- 0
30089
MORA INDEPENDENT SCHOOLS
46556291
01284444
7328692
- 0
- 0
- 0
(204460)
(204460)
(199911)
(166553)
- 0
- 0
30090
WAGON MOUND PUBLIC SCHOOLS
15846572
00437192
2494500
- 0
- 0
- 0
(69593)
(69593)
(68045)
(56690)
- 0
- 0
31091
MOSQUERO MUNICIPAL SCHOOLS
8360043
00230646
1316004
- 0
- 0
- 0
(36715)
(36715)
(35898)
(29908)
- 0
- 0
31092
ROY MUNICIPAL SCHOOLS
9840797
00271498
1549095
- 0
- 0
- 0
(43218)
(43218)
(42256)
(35205)
- 0
- 0
32093
LOS ALAMOS PUBLIC SCHOOLS
313613561
08652303
49367712
- 0
- 0
- 0
(1377288)
(1377288)
(1346646)
(1121938)
- 0
- 0
36246253697
1000000000
5705730817
- 0
- 0
- 0
(159181664)
(159181664)
(155640186)
(129669335)
- 0
- 0
New Mexico Educational Retirement Board
Schedule of Collective Pension Amounts
As of and for the year ended June 30 2014
Net Pension Liability (775 Discount)
$ 5705730813
Net Pension Liability -- 100 Decrease (675 Discount)
$ 7763304829
Net Pension Liability -- 100 Increase (875 Discount)
$ 3987098791
Deferred Outflows of Resources
Differences Between Expected and Actual Experience
$ 0
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
0
Changes in Assumptions
0
Total Deferred Outflows of Resources Excluding Employer-Specific Amounts
$ 0
Deferred Inflows of Resources
Differences Between Expected and Actual Experience
$ 84995487
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
518677364
Changes inf Assumptions
0
Total Deferred Inflows of Resources Excluding Employer-Specific Amounts
$ 603672851
Pension Plan Expense
$ 395014052
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
Glossary
Current GASB 6768 ResultActuarial Accrued Liability (AAL)Present value of earned retirement benefits
Total Pension Liability (TPL)
Present value of earned retirement benefits
No change for ERB
Actuarial Value of Assets (AVA)ldquoSmoothedrdquo value of pension plan assets
Fiduciary Net Position(FNP)Fair market value of pension plan assets minus liabilities
All amounts and ratios thatuse FMV of investments will be more volatile
Unfunded Actuarial Accrued Liability (UAAL)AAL minus AVA
Net Pension Liability (NPL)TPL minus FNP
For ERB NPLltUAAL as of June 30 2014
8
Glossary continued
Current GASB 6768 Result
Funded Ratio AVAAAL Funded Ratio FNPTPLFor ERB results in a higher funded ratioWill be more volatile
Annual Required Contribution (ARC)Contribution necessary to amortize UAAL in 30 years
No longer applicableERB will track Funding Policy Contribution in actuarial valuation report
Discount Rate Use long-term earnings assumption to calculate AAL
Discount Rate Use long-term earnings assumption to calculate TPL if enough assets If not blended rate
No change for ERB
Contribution expense Total of employer contributions accrued in fiscal year
Pension expense Change in NPL from one year to the next
Will be more volatile
In summary these changes will result in a need for two different sets of books one for funding and budgeting and one for accounting
9
Current and GASB 68 Reporting
Current GASB 68ERB FS School FS ERB FS School FS
UAAL Footnote disclosure
NoneMentions participation in ERB
Footnote disclosure including sensitivity of discount rate
Proportionate share of NPL on Balance Sheet
Contribution Expense
Included in Statement of Changes in Plan Net Assets
Amount of employer contributions accrued
Included in Statement of Changes in Fiduciary Net Position
Difference between current and prior year NPL plus adjustments
10
11
GASB 68 Meanshellip New disclosures for employers
Now required to recognize and reporthellipbull proportionate share of the Planrsquos collective Net Pension Liabilitybull proportionate share of the Planrsquos pension expensebull Proportionate share of the Planrsquos deferred inflows and outflowsThese will be reported with a one-year lag
Now required to addhellipbull More disclosure notes discount rate measurement assumptions
deferred flowsbull Required Supplementary Information Schedules of net pension
liability over 10 years contributions and related ratios
12
What are ERBrsquos Options
Implementation Level Benefits Issues to Resolve1 Bargain Basement
Implement only GASB 67bull Low cost to ERB bull Employers uninformed
unstaffed for reportingbull Public image problems
2 Middle of the RoadProvide proportionate share schedules for Net Pension Liability pension expense amp deferred inflows outflows
bull NMERB meets employers halfway
bull NMERB minimizes audit responsibility
bull Member data is supplied by members
bull Who audits the allocation schedule
bull Employers still face new reporting challenges
3 Full Service PlanPrepare and disclose all calculations and disclosuresfor employers
bull Reduce employer work
bull Plan takes on more work
13
How to maximize ERBrsquos service today
bull Increase Communicationbull Leverage existing ERB website and employer portal
bull Email blasts to Employer accounting personnel bull Fact Sheet Handouts sample reporting examples newslettersbull Compliance Auditor (desk amp field audits)bull Meet with Employers in regional meetings across New Mexicobull Meet with State Auditor Public Education Department Higher
Education Departmentbull Share Real Information
bull Provide audited GASB 68 report and Required Supplementary Information to all employersbull Employer contribution reconciliationsbull Allocation schedules (Net Pension Liability Contributions
How ERB Will Help Employers with GASB 68 Disclosures
In FY15 ERB will provide all employers this audited informationbull Each employerrsquos share of the Net Pension Liability and change from
prior period (Pension Expense)bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries prior period adjustment for
NPL and language for financial statement disclosures may require customization
In FY16 and future years ERB will provide all employers this audited information
bull Each employerrsquos share of the change in Net Pension Liability (Pension Expense)
bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries and language for financial
statement disclosures may require customization
15
16
ERBrsquos Implementation Plan
bull Produce annual audited schedules engaging ERBrsquos actuary and auditor to provide an opinion onbull Employer Allocationsbull Collective Pension Amounts and Required Supplementary
Informationbull Schedules include detail information for employers financials
bull ERB will comply with AICPA best practices that will allow the employerrsquos auditor to rely on ERBrsquos auditorrsquos opinion on proportionate shares
bull Employers have responsibility to report accurate census data to ERBbull Employers assume responsibility for presentation of the information
used in their own financial statements
17
New Mexico Educational Retirement BoardSchedule of Collective Pension AmountsAs of and for the year ended June 30 2014
Net Pension Liability (775 Discount) 5705730813$ Net Pension Liability -- 100 Decrease (675 Discount) 7763304829$ Net Pension Liability -- 100 Increase (875 Discount) 3987098791$
Deferred Outflows of ResourcesDifferences Between Expected and Actual Experience 0$ Net Difference Between Projected and Actual Investment Earnings on Plan 0Changes in Assumptions 0Total Deferred Outflows of Resources Excluding Employer-Specific Amounts 0$
Deferred Inflows of ResourcesDifferences Between Expected and Actual Experience 84995487$ Net Difference Between Projected and Actual Investment Earnings on Plan Investments 518677364Changes inf Assumptions 0Total Deferred Inflows of Resources Excluding Employer-Specific Amounts 603672851$
Pension Plan Expense 395014052$
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
ERBrsquos GASB 68 Collective Amounts
68_Collective Info
68_Shares
18
19
20
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Notes to Financial StatementsSummary of Significant Accounting Policies Basis of Accounting For purposes of
measuring the net pension liability deferred outflows of resources and deferred inflows of resources related to pensions and pension expense information about the fiduciary net position of the ERB and additions todeductions from ERBrsquos fiduciary net position have been determined on the same basis as they are reported by ERB Plan For this purpose benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms Investments are reported at fair value
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense At June 30 2015 the University of ABC (UABC) reported a liability of $14910 for its proportionate share of the net pension liability The net pension liability was measured as of June 30 2015 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as June 30 2014 UABCrsquos proportion of the net pension liability was based on UABCrsquos contributions to ERB for the year ending June 30 2015 relative to the total contribution for all employers participating in ERB a projection of the long-term share of contributions to the pension plan relative to projected contributions of all participating school districts actuarially determined At June 30 2015 UABCrsquos proportion was XX percent which was an increase of XX percent from its proportion measured as of June 30 2014
Sample Employer GASB 68 Disclosures
21
Sample Employer GASB 68 Disclosureshellipcont
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense (Cont)For the year ended June 30 2015 UABC recognized pension expense of $2394 At June 30 2015 reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources
Payable to the Pension Plan At June 30 2015 UABC reported a payable of $5432 for the outstanding contributions to the pension plan required for the year ended June 30 2015
Deferred Outflowsof Resources
Deferred Inflowsof Resources
Differences between expected and actual experience $ 2657 $ 142
Changes of assumptions 1714 130
Net difference between projected and actual earnings on pension plan investments
- 2194
Changes in proportion and differences between UABC contributions and proportionate share of contributions
753 156
UABC contributions subsequent to the measurement date 1065 -
Total $ 6189 $ 2622
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Questions
22
Appendix A page 1ERB Actuarials at a Glance
23
Fiscal Year 63012 63013 63014 63014GASB 67
UAAL $62B $65B $63B $57B
Funded Ratio 607 601 631 669
Funding Period Infinite 951 years 421 years Not applicable
Funding Policy
Contribution1759 1747 1632 Not applicable
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
New Mexico Educational Retirement Board
Deferred Outflows
Deferred Inflows
Schedule of Employer-Specific Pension Amounts
of Resources
of Resources
Pension Expense
Subsequent Recognition of Deferred Amounts
As of and for the year ended June 30 2014
Net Amortization
of Deferred
Amounts from
Changes in
Changes in
Changes in
Proportion
Proportion
Proportion
and Differences
and Differences
and Differences
Between
Between
Between
Employer
Employer
Employer
Contributions
Contributions
Contributions
and Proportionate
and Proportionate
and Proportionate
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Net Pension Liability
Share of
Share of
Share of
Ending
Ending
Ending
Ending
Ending
ER Code
Employer Name
Contribution
Employer Allocation Percentage
(775 Discount)
Contributions
Contributions
Contributions
2015
2016
2017
2018
2019
Thereafter
01001
POJOAQUE VALLEY SCHOOLS
130138115
03590388
20485787
- 0
- 0
- 0
(571524)
(571524)
(558809)
(465563)
- 0
- 0
01002
SANTA FE PUBLIC SCHOOLS
903846552
24936275
142279673
- 0
- 0
- 0
(3969398)
(3969398)
(3881086)
(3233470)
- 0
- 0
01003
SANTA FE COMMUNITY COLLEGE
285623563
07880085
44961644
- 0
- 0
- 0
(1254365)
(1254365)
(1226458)
(1021805)
- 0
- 0
01094
NEW MEXICO SCHOOL FOR THE DEAF
55303678
01525776
8705667
- 0
- 0
- 0
(242876)
(242876)
(237472)
(197846)
- 0
- 0
01301
THE ACADEMY FOR TECHNOLOGY amp THE CLASSICS
22265370
00614281
3504922
- 0
- 0
- 0
(97782)
(97782)
(95607)
(79653)
- 0
- 0
01306
MONTE DEL SOL CHARTER SCHOOL
27346513
00754465
4304774
- 0
- 0
- 0
(120097)
(120097)
(117425)
(97831)
- 0
- 0
01315
TURQUOISE TRAIL CHARTER SCHOOL
29690099
00819122
4673690
- 0
- 0
- 0
(130389)
(130389)
(127488)
(106215)
- 0
- 0
01341
STATE OF NEW MEXICO
121504115
03352184
19126660
- 0
- 0
- 0
(533606)
(533606)
(521735)
(434675)
- 0
- 0
01343
TIERRA ENCANTADA CHARTER SCHOOL
18916878
00521899
2977815
- 0
- 0
- 0
(83077)
(83077)
(81228)
(67674)
- 0
- 0
01398
THE MASTERS PROGRAM
11557405
00318858
1819318
- 0
- 0
- 0
(50756)
(50756)
(49627)
(41346)
- 0
- 0
01416
NEW MEXICO SCHOOL FOR THE ARTS
14899946
00411075
2345483
- 0
- 0
- 0
(65436)
(65436)
(63980)
(53304)
- 0
- 0
01418
New Mexico Connections Academy
10201256
00281443
1605838
- 0
- 0
- 0
(44801)
(44801)
(43804)
(36495)
- 0
- 0
02003
ALBUQUERQUE PUBLIC SCHOOLS
6164408173
170070218
970374883
- 0
- 0
- 0
(27072060)
(27072060)
(26469760)
(22052893)
- 0
- 0
02095
UNIVERSITY OF NEW MEXICO
5918270140
163279499
931628869
- 0
- 0
- 0
(25991102)
(25991102)
(25412851)
(21172345)
- 0
- 0
02123
CENTRAL NEW MEXICO COMMUNITY COLLEGE
965367901
26633591
151964101
- 0
- 0
- 0
(4239579)
(4239579)
(4145257)
(3453560)
- 0
- 0
02148
NEW MEXICO ACTIVITIES ASSOCIATION
13674332
00377262
2152555
- 0
- 0
- 0
(60053)
(60053)
(58717)
(48919)
- 0
- 0
02150
CENTRAL REGIONAL EDUCATION COOP
32918525
00908191
5181893
- 0
- 0
- 0
(144567)
(144567)
(141351)
(117765)
- 0
- 0
02295
UNIVERSITY HOSPITALS
38915116
01073631
6125849
- 0
- 0
- 0
(170902)
(170902)
(167100)
(139217)
- 0
- 0
02303
AMY BIEHL HIGH SCHOOL
24086383
00664521
3791578
- 0
- 0
- 0
(105780)
(105780)
(103426)
(86168)
- 0
- 0
02304
EAST MOUNTAIN HIGH SCHOOL
24508244
00676159
3857981
- 0
- 0
- 0
(107632)
(107632)
(105238)
(87677)
- 0
- 0
02308
TWENTY-FIRST CENTURY PUBLIC ACADEMY
10638203
00293498
1674621
- 0
- 0
- 0
(46720)
(46720)
(45680)
(38058)
- 0
- 0
02309
SOUTH VALLEY ACADEMY
27055891
00746447
4259026
- 0
- 0
- 0
(118821)
(118821)
(116177)
(96791)
- 0
- 0
02310
SOUTHWEST SECONDARY LEARNING CENTER
12754266
00351878
2007721
- 0
- 0
- 0
(56013)
(56013)
(54766)
(45628)
- 0
- 0
02311
NUESTROS VALORES CHARTER SCHOOL
8467810
00233619
1332967
- 0
- 0
- 0
(37188)
(37188)
(36361)
(30293)
- 0
- 0
02313
ROOTS AND WINGS COMMUNITY SCHOOL
3195446
00088159
503012
- 0
- 0
- 0
(14033)
(14033)
(13721)
(11432)
- 0
- 0
02314
THE LEARNING COMMUNITY CHARTER
12127601
00334589
1909075
- 0
- 0
- 0
(53260)
(53260)
(52075)
(43386)
- 0
- 0
02318
ROBERT F KENNEDY CHARTER SCHOOL
19636783
00541760
3091137
- 0
- 0
- 0
(86238)
(86238)
(84320)
(70250)
- 0
- 0
02320
PUBLIC ACADEMY FOR PERFORMING ARTS
22952684
00633243
3613114
- 0
- 0
- 0
(100801)
(100801)
(98558)
(82112)
- 0
- 0
02322
LOS PUENTES CHARTER SCHOOL
15963339
00440413
2512878
- 0
- 0
- 0
(70106)
(70106)
(68546)
(57108)
- 0
- 0
02323
EL CAMINO REAL ACADEMY
25600416
00706291
4029906
- 0
- 0
- 0
(112429)
(112429)
(109927)
(91584)
- 0
- 0
02327
HORIZON ACADEMY WEST
22209646
00612743
3496147
- 0
- 0
- 0
(97537)
(97537)
(95367)
(79454)
- 0
- 0
02328
NORTH VALLEY ACADEMY
21177733
00584274
3333710
- 0
- 0
- 0
(93006)
(93006)
(90937)
(75762)
- 0
- 0
02329
LA ACADEMIA DE ESPERANZA
32216102
00888812
5071322
- 0
- 0
- 0
(141483)
(141483)
(138335)
(115252)
- 0
- 0
02331
LA ACADEMIA DE LENGUA Y CULTURA
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02334
MONTESSORI OF THE RIO GRANDE CHARTER SCHOOL
13170269
00363355
2073206
- 0
- 0
- 0
(57839)
(57839)
(56553)
(47116)
- 0
- 0
02336
CESAR CHAVEZ COMMUNITY SCHOOL
13344118
00368152
2100576
- 0
- 0
- 0
(58603)
(58603)
(57299)
(47738)
- 0
- 0
02338
CREATIVE EDUCATION PREPARATORY INSTITUTE 1
13923018
00384123
2191702
- 0
- 0
- 0
(61145)
(61145)
(59785)
(49809)
- 0
- 0
02339
GILBERT L SENA CHARTER HIGH SCHOOL
13971841
00385470
2199388
- 0
- 0
- 0
(61360)
(61360)
(59995)
(49984)
- 0
- 0
02340
SCHOOL FOR INTEGRATED ACADEMICS amp TECHNOLOGIES
17385947
00479662
2736822
- 0
- 0
- 0
(76353)
(76353)
(74655)
(62197)
- 0
- 0
02341
ALB INSTITUTE FOR MATH AND SCIENCE UNM
17455816
00481590
2747823
- 0
- 0
- 0
(76660)
(76660)
(74955)
(62447)
- 0
- 0
02342
MOUNTAIN MAHOGONY COMMUNITY
11336352
00312759
1784519
- 0
- 0
- 0
(49785)
(49785)
(48678)
(40555)
- 0
- 0
02343
LA PROMESA EARLY LEARNING
22284215
00614801
3507889
- 0
- 0
- 0
(97865)
(97865)
(95688)
(79721)
- 0
- 0
02344
ACADEMY OF TRADES AND TECHNOLOGY (YOUTH BUILD CO)
9306534
00256759
1464998
- 0
- 0
- 0
(40871)
(40871)
(39962)
(33294)
- 0
- 0
02345
SOUTHWEST INTERMEDIATE LEARNING CTR (LA LUZ DEL M)
6003345
00165627
945023
- 0
- 0
- 0
(26365)
(26365)
(25778)
(21477)
- 0
- 0
02346
SOUTHWEST PRIMARY LEARNING CENTER
6508031
00179550
1024464
- 0
- 0
- 0
(28581)
(28581)
(27945)
(23282)
- 0
- 0
02350
DIGITAL ARTS AND TECHNOLOGY ACADEMY
18276643
00504235
2877029
- 0
- 0
- 0
(80265)
(80265)
(78479)
(65384)
- 0
- 0
02351
THE MONTESSORI ELEMENTARY SCHOOL
15956095
00440214
2511743
- 0
- 0
- 0
(70074)
(70074)
(68515)
(57082)
- 0
- 0
02353
CHRISTINE DUNCANS HERITAGE ACADEMY
11567894
00319147
1820967
- 0
- 0
- 0
(50802)
(50802)
(49672)
(41384)
- 0
- 0
02354
NATIVE AMERICAN COMMUNITY ACADEMY
24618203
00679193
3875292
- 0
- 0
- 0
(108115)
(108115)
(105710)
(88071)
- 0
- 0
02355
RALPH J BUNCHE ACADEMY
5170362
00142645
813894
- 0
- 0
- 0
(22706)
(22706)
(22201)
(18497)
- 0
- 0
02356
ALICE KING COMMUNITY SCHOOL(N ALB COOP C C)
15945481
00439921
2510071
- 0
- 0
- 0
(70027)
(70027)
(68469)
(57044)
- 0
- 0
02357
LA RESOLANA LEADERSHIP ACADEMY
5266902
00145309
829094
- 0
- 0
- 0
(23131)
(23131)
(22616)
(18842)
- 0
- 0
02358
VILLAGE ACADEMY CHARTER SCHOOL
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02360
BATAAN MILITARY ACADEMY
9938807
00274202
1564523
- 0
- 0
- 0
(43648)
(43648)
(42677)
(35556)
- 0
- 0
02361
ALBUQUERQUE TALENT DEVELOPMENT SECONDARY CHARTER
11434102
00315456
1799907
- 0
- 0
- 0
(50215)
(50215)
(49098)
(40905)
- 0
- 0
02362
GORDON BERNELL CHARTER SCHOOL
32236740
00889381
5074569
- 0
- 0
- 0
(141573)
(141573)
(138423)
(115325)
- 0
- 0
02363
CORRALES INTERNATIONAL SCHOOL
17491523
00482575
2753443
- 0
- 0
- 0
(76817)
(76817)
(75108)
(62575)
- 0
- 0
02364
COTTONWOOD CLASSICAL PREP SCHOOL
27174715
00749725
4277729
- 0
- 0
- 0
(119342)
(119342)
(116687)
(97216)
- 0
- 0
02365
MEDIA ARTS COLLABORATIVE CHARTER SCHOOL
12988950
00358353
2044666
- 0
- 0
- 0
(57043)
(57043)
(55774)
(46467)
- 0
- 0
02366
THE NEW AMERICA SCHOOL
15162026
00418306
2386741
- 0
- 0
- 0
(66587)
(66587)
(65105)
(54241)
- 0
- 0
02367
CIEN AGUAS INTERNATIONAL SCHOOL
16645455
00459232
2620254
- 0
- 0
- 0
(73101)
(73101)
(71475)
(59548)
- 0
- 0
02368
THE INTERNATIONAL SCH AT MESA DEL SOL
15953529
00440143
2511337
- 0
- 0
- 0
(70063)
(70063)
(68504)
(57073)
- 0
- 0
02370
TIERRA ADENTRO OF NEW MEXICO
14574532
00402098
2294263
- 0
- 0
- 0
(64007)
(64007)
(62583)
(52140)
- 0
- 0
02390
ACE LEADERSHIP HIGH SCHOOL
21477933
00592556
3380965
- 0
- 0
- 0
(94324)
(94324)
(92226)
(76836)
- 0
- 0
02396
SOUTH VALLEY PREPARATORY SCHOOL
9352262
00258020
1472193
- 0
- 0
- 0
(41072)
(41072)
(40158)
(33457)
- 0
- 0
02402
ALBUQUERQUE SIGN LANGUAGE ACADEMY
12136863
00334845
1910535
- 0
- 0
- 0
(53301)
(53301)
(52115)
(43419)
- 0
- 0
02412
ALBUQUERQUE SCHOOL OF EXCELLENCE
12941978
00357057
2037271
- 0
- 0
- 0
(56837)
(56837)
(55572)
(46299)
- 0
- 0
02413
THE GREAT ACADEMY
9104631
00251188
1433211
- 0
- 0
- 0
(39985)
(39985)
(39095)
(32571)
- 0
- 0
02414
THE NEW MEXICO INTERNATIONAL SCHOOL
9093315
00250876
1431431
- 0
- 0
- 0
(39935)
(39935)
(39046)
(32531)
- 0
- 0
02417
WILLIAM W amp JOSEPHINE DORN CHARTER COMMUNITY SCHOO
2499702
00068964
393490
- 0
- 0
- 0
(10978)
(10978)
(10734)
(8943)
- 0
- 0
02418
SAGE MONTESSORI CHARTER SCHOOL
7486288
00206540
1178462
- 0
- 0
- 0
(32877)
(32877)
(32146)
(26782)
- 0
- 0
02420
SOUTHWEST AERONAUTICS MATH amp SCIENCE ACADEMY
9312685
00256928
1465962
- 0
- 0
- 0
(40898)
(40898)
(39988)
(33316)
- 0
- 0
02421
CORAL COMMUNITY CHARTER SCHOOL
5518744
00152257
868737
- 0
- 0
- 0
(24237)
(24237)
(23697)
(19743)
- 0
- 0
02425
MISSION ACHIEVEMENT AND SUCCESS CHARTER SCHOOL
15952839
00440124
2511229
- 0
- 0
- 0
(70060)
(70060)
(68501)
(57071)
- 0
- 0
02430
Health Leadership Community School
9697716
00267551
1526574
- 0
- 0
- 0
(42589)
(42589)
(41642)
(34693)
- 0
- 0
03004
ARTESIA PUBLIC SCHOOLS
249203786
06875298
39228600
- 0
- 0
- 0
(1094421)
(1094421)
(1070073)
(891515)
- 0
- 0
03005
CARLSBAD MUNICIPAL SCHOOLS
457710863
12627812
72050896
- 0
- 0
- 0
(2010116)
(2010116)
(1965395)
(1637440)
- 0
- 0
03006
LOVING MUNICIPAL SCHOOLS
45366532
01251620
7141407
- 0
- 0
- 0
(199235)
(199235)
(194802)
(162297)
- 0
- 0
03321
JEFFERSON MONTESSORI ACADEMY
14230129
00392596
2240047
- 0
- 0
- 0
(62494)
(62494)
(61104)
(50908)
- 0
- 0
04008
DEXTER CONSOLIDATED SCHOOLS
74126962
02045093
11668750
- 0
- 0
- 0
(325541)
(325541)
(318299)
(265186)
- 0
- 0
04009
HAGERMAN MUNICIPAL SCHOOLS
35432505
00977549
5577631
- 0
- 0
- 0
(155608)
(155608)
(152146)
(126758)
- 0
- 0
04010
LAKE ARTHUR MUNICIPAL SCHOOLS
13637822
00376255
2146810
- 0
- 0
- 0
(59893)
(59893)
(58560)
(48789)
- 0
- 0
04011
ROSWELL INDEPENDENT SCHOOLS
615946152
16993374
96959618
- 0
- 0
- 0
(2705034)
(2705034)
(2644852)
(2203520)
- 0
- 0
04097
NEW MEXICO MILITARY INSTITUTE
168542271
04649923
26531209
- 0
- 0
- 0
(740182)
(740182)
(723715)
(602952)
- 0
- 0
04317
SIDNEY GUTIERREZ MIDDLE SCHOOL
4080477
00112577
642334
- 0
- 0
- 0
(17920)
(17920)
(17522)
(14598)
- 0
- 0
05011
CLOVIS COMMUNITY COLLEGE
91114505
02513763
14342855
- 0
- 0
- 0
(400145)
(400145)
(391243)
(325958)
- 0
- 0
05012
CLOVIS MUNICIPAL SCHOOLS
529906737
14619628
83415662
- 0
- 0
- 0
(2327177)
(2327177)
(2275402)
(1895717)
- 0
- 0
05013
GRADY MUNICIPAL SCHOOLS
13422095
00370303
2112849
- 0
- 0
- 0
(58945)
(58945)
(57634)
(48017)
- 0
- 0
05014
MELROSE SCHOOLS
20092869
00554343
3162932
- 0
- 0
- 0
(88241)
(88241)
(86278)
(71881)
- 0
- 0
05015
TEXICO MUNICIPAL SCHOOLS
46844881
01292406
7374121
- 0
- 0
- 0
(205727)
(205727)
(201150)
(167585)
- 0
- 0
05016
REGIONAL EDUCATIONAL CENTER 6
8833229
00243700
1390487
- 0
- 0
- 0
(38793)
(38793)
(37930)
(31600)
- 0
- 0
06016
EUNICE PUBLIC SCHOOLS
47356967
01306534
7454731
- 0
- 0
- 0
(207976)
(207976)
(203349)
(169417)
- 0
- 0
06017
HOBBS MUNICIPAL SCHOOLS
528484026
14580377
83191706
- 0
- 0
- 0
(2320929)
(2320929)
(2269293)
(1890628)
- 0
- 0
06018
JAL PUBLIC SCHOOLS
34332805
00947210
5404525
- 0
- 0
- 0
(150778)
(150778)
(147424)
(122824)
- 0
- 0
06019
LOVINGTON MUNICIPAL SCHOOLS
228661774
06308563
35994962
- 0
- 0
- 0
(1004208)
(1004208)
(981866)
(818027)
- 0
- 0
06020
TATUM MUNICIPAL SCHOOLS
32371140
00893089
5095725
- 0
- 0
- 0
(142163)
(142163)
(139001)
(115806)
- 0
- 0
06124
NEW MEXICO JUNIOR COLLEGE
143512547
03959376
22591134
- 0
- 0
- 0
(630260)
(630260)
(616238)
(513410)
- 0
- 0
06150
REGIONAL EDUCATIONAL COOP 7
2672852
00073741
420746
- 0
- 0
- 0
(11738)
(11738)
(11477)
(9562)
- 0
- 0
07021
GADSDEN INDEPENDENT SCHOOLS
954445594
26332255
150244759
- 0
- 0
- 0
(4191612)
(4191612)
(4098357)
(3414486)
- 0
- 0
07022
HATCH VALLEY PUBLIC SCHOOLS
101411144
02797838
15963710
- 0
- 0
- 0
(445365)
(445365)
(435456)
(362794)
- 0
- 0
07023
LAS CRUCES PUBLIC SCHOOLS
1700239556
46908008
267644467
- 0
- 0
- 0
(7466895)
(7466895)
(7300771)
(6082530)
- 0
- 0
07098
NEW MEXICO STATE UNIVERSITY
2740590573
75610313
431412093
- 0
- 0
- 0
(12035775)
(12035775)
(11768003)
(9804339)
- 0
- 0
07335
ALMA DARTE CHARTER HIGH SCHOOL
14804322
00408437
2330432
- 0
- 0
- 0
(65016)
(65016)
(63569)
(52962)
- 0
- 0
07337
LA ACADEMIA DOLORES HUERTA
9581137
00264335
1508224
- 0
- 0
- 0
(42077)
(42077)
(41141)
(34276)
- 0
- 0
07338
LAS MONTANAS CHARTER HIGH SCHOOL
14737236
00406586
2319870
- 0
- 0
- 0
(64721)
(64721)
(63281)
(52722)
- 0
- 0
07339
ANTHONY CHARTER SCHOOL
5217470
00143945
821311
- 0
- 0
- 0
(22913)
(22913)
(22404)
(18665)
- 0
- 0
07420
J PAUL TAYLOR ACADEMY
10921121
00301303
1719154
- 0
- 0
- 0
(47962)
(47962)
(46895)
(39070)
- 0
- 0
07421
NEW AMERICA SCHOOL-LAS CRUCES
12850101
00354522
2022807
- 0
- 0
- 0
(56433)
(56433)
(55178)
(45971)
- 0
- 0
08024
COBRE CONSOLIDATED SCHOOLS
107900060
02976861
16985168
- 0
- 0
- 0
(473862)
(473862)
(463319)
(386008)
- 0
- 0
08026
SILVER CONSOLIDATED SCHOOLS
223923812
06177847
35249132
- 0
- 0
- 0
(983400)
(983400)
(961521)
(801077)
- 0
- 0
08099
WESTERN NEW MEXICO UNIVERSITY
228493287
06303915
35968442
- 0
- 0
- 0
(1003468)
(1003468)
(981142)
(817424)
- 0
- 0
08347
ALDO LEOPOLD HIGH SCHOOL
11975600
00330396
1885151
- 0
- 0
- 0
(52593)
(52593)
(51423)
(42842)
- 0
- 0
09027
CIMARRON MUNICIPAL SCHOOLS
33888261
00934945
5334544
- 0
- 0
- 0
(148826)
(148826)
(145515)
(121234)
- 0
- 0
09028
MAXWELL MUNICIPAL SCHOOLS
15196104
00419246
2392105
- 0
- 0
- 0
(66736)
(66736)
(65252)
(54363)
- 0
- 0
09029
RATON PUBLIC SCHOOLS
80720720
02227009
12706714
- 0
- 0
- 0
(354499)
(354499)
(346612)
(288775)
- 0
- 0
09030
SPRINGER MUNICIPAL SCHOOLS
19298679
00532432
3037914
- 0
- 0
- 0
(84753)
(84753)
(82868)
(69040)
- 0
- 0
09150
HIGH PLAINS REGIONAL EDUCATIONAL COOP 3
12699970
00350380
1999174
- 0
- 0
- 0
(55774)
(55774)
(54533)
(45434)
- 0
- 0
09324
MORENO VALLEY HIGH SCHOOL
7446232
00205435
1172157
- 0
- 0
- 0
(32701)
(32701)
(31974)
(26639)
- 0
- 0
10032
SAN JON SCHOOLS
14631539
00403670
2303232
- 0
- 0
- 0
(64257)
(64257)
(62827)
(52344)
- 0
- 0
10033
TUCUMCARI PUBLIC SCHOOLS
74492978
02055191
11726367
- 0
- 0
- 0
(327149)
(327149)
(319870)
(266495)
- 0
- 0
10119
HOUSE MUNICIPAL SCHOOLS
14003541
00386345
2204381
- 0
- 0
- 0
(61499)
(61499)
(60131)
(50097)
- 0
- 0
10120
LOGAN MUNICIPAL SCHOOLS
25199979
00695244
3966875
- 0
- 0
- 0
(110670)
(110670)
(108208)
(90152)
- 0
- 0
10141
MESALANDS COMMUNITY COLLEGE
35425739
00977363
5576570
- 0
- 0
- 0
(155578)
(155578)
(152117)
(126734)
- 0
- 0
11034
ELIDA MUNICIPAL SCHOOLS
14152846
00390464
2227882
- 0
- 0
- 0
(62155)
(62155)
(60772)
(50631)
- 0
- 0
11035
PORTALES MUNICIPAL SCHOOLS
202486725
05586418
31874597
- 0
- 0
- 0
(889255)
(889255)
(869471)
(724387)
- 0
- 0
11101
EASTERN NEW MEXICO UNIVERSITY - PORTALES
321726936
08876143
50644883
- 0
- 0
- 0
(1412919)
(1412919)
(1381485)
(1150964)
- 0
- 0
11102
EASTERN NM UNIVERSITY - ROSWELL
132681232
03660550
20886113
- 0
- 0
- 0
(582692)
(582692)
(569729)
(474661)
- 0
- 0
11117
DORA CONSOLIDATED SCHOOLS
23215804
00640502
3654532
- 0
- 0
- 0
(101956)
(101956)
(99688)
(83053)
- 0
- 0
11118
FLOYD MUNICIPAL SCHOOLS
22040516
00608077
3469524
- 0
- 0
- 0
(96795)
(96795)
(94641)
(78849)
- 0
- 0
12037
LAS VEGAS CITY SCHOOLS
125424467
03460343
19743786
- 0
- 0
- 0
(550823)
(550823)
(538568)
(448700)
- 0
- 0
12038
WEST LAS VEGAS SCHOOLS
135571770
03740297
21341128
- 0
- 0
- 0
(595387)
(595387)
(582141)
(485002)
- 0
- 0
12039
PECOS INDEPENDENT SCHOOLS
57989889
01599886
9128519
- 0
- 0
- 0
(254673)
(254673)
(249007)
(207456)
- 0
- 0
12102
NEW MEXICO HIGHLANDS UNIVERSITY
293679047
08102328
46229703
- 0
- 0
- 0
(1289742)
(1289742)
(1261048)
(1050624)
- 0
- 0
12128
LUNA COMMUNITY COLLEGE
77802974
02146511
12247414
- 0
- 0
- 0
(341685)
(341685)
(334083)
(278337)
- 0
- 0
12150
PECOS VALLEY REC 8
6405772
00176729
1008368
- 0
- 0
- 0
(28132)
(28132)
(27506)
(22916)
- 0
- 0
12151
NORTHEAST REGIONAL EDUCATION COOP
7566786
00208760
1191128
- 0
- 0
- 0
(33231)
(33231)
(32491)
(27070)
- 0
- 0
13041
GALLUP MCKINLEY COUNTY SCHOOLS
874308315
24121343
137629890
- 0
- 0
- 0
(3839676)
(3839676)
(3754250)
(3127799)
- 0
- 0
13142
ZUNI PUBLIC SCHOOLS
130100988
03589364
20479945
- 0
- 0
- 0
(571361)
(571361)
(558649)
(465430)
- 0
- 0
13369
MIDDLE COLLEGE HIGH SCHOOL
5022305
00138561
790592
- 0
- 0
- 0
(22056)
(22056)
(21566)
(17967)
- 0
- 0
13430
UPLIFT COMMUNITY SCHOOL
8929543
00246358
1405652
- 0
- 0
- 0
(39216)
(39216)
(38343)
(31945)
- 0
- 0
14043
BELEN CONSOLIDATED SCHOOLS
282020844
07780689
44394517
- 0
- 0
- 0
(1238543)
(1238543)
(1210988)
(1008917)
- 0
- 0
14044
GRANTS-CIBOLA COUNTY SCHOOLS
270364497
07459102
42559628
- 0
- 0
- 0
(1187352)
(1187352)
(1160936)
(967217)
- 0
- 0
14045
LOS LUNAS SCHOOLS
516619864
14253055
81324095
- 0
- 0
- 0
(2268825)
(2268825)
(2218348)
(1848184)
- 0
- 0
14366
SCHOOL OF DREAMS ACADEMY
16804216
00463612
2645245
- 0
- 0
- 0
(73799)
(73799)
(72157)
(60116)
- 0
- 0
15046
ALAMOGORDO PUBLIC SCHOOLS
369877443
10204570
58224529
- 0
- 0
- 0
(1624380)
(1624380)
(1588241)
(1323220)
- 0
- 0
15047
CLOUDCROFT MUNICIPAL SCHOOLS
30771554
00848958
4843926
- 0
- 0
- 0
(135139)
(135139)
(132132)
(110084)
- 0
- 0
15049
TULAROSA MUNICIPAL SCHOOLS
68396924
01887007
10766754
- 0
- 0
- 0
(300377)
(300377)
(293694)
(244687)
- 0
- 0
15104
NEW MEXICO SCHOOL FT BLIND amp VISUALLY IMPAIRED
79976142
02206466
12589501
- 0
- 0
- 0
(351229)
(351229)
(343415)
(286111)
- 0
- 0
16050
AZTEC MUNICIPAL SCHOOLS
187894163
05183823
29577499
- 0
- 0
- 0
(825170)
(825170)
(806811)
(672183)
- 0
- 0
16051
BLOOMFIELD SCHOOLS
209183372
05771172
32928754
- 0
- 0
- 0
(918665)
(918665)
(898226)
(748344)
- 0
- 0
16052
FARMINGTON MUNICIPAL SCHOOLS
709808631
19582952
111735053
- 0
- 0
- 0
(3117247)
(3117247)
(3047894)
(2539308)
- 0
- 0
16053
CENTRAL CONSOLIDATED SCHOOLS
497242938
13718464
78273863
- 0
- 0
- 0
(2183728)
(2183728)
(2135144)
(1778864)
- 0
- 0
16155
SAN JUAN COLLEGE
372723272
10283084
58672509
- 0
- 0
- 0
(1636878)
(1636878)
(1600461)
(1333401)
- 0
- 0
16356
MOSAIC ACADEMY CHARTER
10488019
00289355
1650982
- 0
- 0
- 0
(46060)
(46060)
(45035)
(37520)
- 0
- 0
16357
CARINOS CHARTER SCHOOL
17209176
00474785
2708995
- 0
- 0
- 0
(75577)
(75577)
(73896)
(61565)
- 0
- 0
16358
NEW MEXICO VIRTUAL ACADEMY
8945064
00246786
1408094
- 0
- 0
- 0
(39284)
(39284)
(38410)
(32001)
- 0
- 0
17054
ESPANOLA PUBLIC SCHOOLS
260245590
07179931
40966754
- 0
- 0
- 0
(1142913)
(1142913)
(1117486)
(931017)
- 0
- 0
17105
NORTHERN NEW MEXICO COLLEGE
128311258
03539987
20198213
- 0
- 0
- 0
(563501)
(563501)
(550964)
(459028)
- 0
- 0
17115
DULCE INDEPENDENT SCHOOLS
63542017
01753064
10002511
- 0
- 0
- 0
(279056)
(279056)
(272847)
(227319)
- 0
- 0
17126
CHAMA VALLEY SCHOOLS
41127543
01134670
6474122
- 0
- 0
- 0
(180619)
(180619)
(176600)
(147132)
- 0
- 0
17127
MESA VISTA CONSOLIDATED SCHOOLS
36319862
01002031
5717319
- 0
- 0
- 0
(159505)
(159505)
(155956)
(129933)
- 0
- 0
17334
LINDRITH AREA HERITAGE SCHOOL
1999722
00055170
314785
- 0
- 0
- 0
(8782)
(8782)
(8587)
(7154)
- 0
- 0
17424
MC CURDY CHARTER SCHOOL
26341385
00726734
4146549
- 0
- 0
- 0
(115683)
(115683)
(113109)
(94235)
- 0
- 0
17425
LA TIERRA MONTESSORI SCHOOL
3636882
00100338
572502
- 0
- 0
- 0
(15972)
(15972)
(15617)
(13011)
- 0
- 0
18056
CLAYTON MUNICIPAL SCHOOLS
41375879
01141522
6513217
- 0
- 0
- 0
(181709)
(181709)
(177667)
(148020)
- 0
- 0
18057
DES MOINES MUNICIPAL SCHOOLS
12824909
00353827
2018842
- 0
- 0
- 0
(56323)
(56323)
(55070)
(45881)
- 0
- 0
19059
DEMING PUBLIC SCHOOLS
358423873
09888577
56421558
- 0
- 0
- 0
(1574080)
(1574080)
(1539060)
(1282245)
- 0
- 0
19301
DEMING CESAR CHAVEZ CHARTER HIGH SCHOOL
10654211
00293940
1677143
- 0
- 0
- 0
(46790)
(46790)
(45749)
(38115)
- 0
- 0
20060
PENASCO INDEPENDENT SCHOOLS
43124424
01189762
6788462
- 0
- 0
- 0
(189388)
(189388)
(185175)
(154276)
- 0
- 0
20062
TAOS MUNICIPAL SCHOOLS
185250055
05110875
29161277
- 0
- 0
- 0
(813558)
(813558)
(795458)
(662724)
- 0
- 0
20125
QUESTA INDEPENDENT SCHOOLS
53837543
01485327
8474876
- 0
- 0
- 0
(236437)
(236437)
(231177)
(192601)
- 0
- 0
20265
TAOS ACADEMY CHARTER SCHOOL
11325900
00312471
1782875
- 0
- 0
- 0
(49740)
(49740)
(48633)
(40518)
- 0
- 0
20266
La Jicarita Community School
2194276
00060538
345414
- 0
- 0
- 0
(9637)
(9637)
(9422)
(7850)
- 0
- 0
20307
TAOS CHARTER SCHOOL
10997820
00303419
1731227
- 0
- 0
- 0
(48299)
(48299)
(47224)
(39344)
- 0
- 0
20312
RED RIVER VALLEY CHARTER SCHOOLS
4685520
00129269
737574
- 0
- 0
- 0
(20577)
(20577)
(20119)
(16762)
- 0
- 0
20316
ANANSI CHARTER SCHOOL
8137027
00224493
1280897
- 0
- 0
- 0
(35735)
(35735)
(34940)
(29110)
- 0
- 0
20317
VISTA GRANDE HIGH SCHOOL
6300504
00173825
991799
- 0
- 0
- 0
(27670)
(27670)
(27054)
(22540)
- 0
- 0
20415
TAOS INTEGRATED SCHOOL OF THE ARTS
6209169
00171305
977420
- 0
- 0
- 0
(27269)
(27269)
(26662)
(22213)
- 0
- 0
21063
TRUTH OR CONSEQUENCES MUNICIPAL SCHOOLS
108041191
02980755
17007386
- 0
- 0
- 0
(474482)
(474482)
(463925)
(386513)
- 0
- 0
21150
SOUTHWEST REGIONAL ED COOPERATIVE 10
13050923
00360063
2054423
- 0
- 0
- 0
(57315)
(57315)
(56040)
(46689)
- 0
- 0
22065
ESTANCIA MUNICPAL SCHOOLS
61525804
01697439
9685130
- 0
- 0
- 0
(270201)
(270201)
(264190)
(220106)
- 0
- 0
22066
MORIARTY-EDGEWOOD SCHOOL DISTRICT
195971575
05406671
30849009
- 0
- 0
- 0
(860643)
(860643)
(841495)
(701079)
- 0
- 0
22067
MOUNTAINAIR PUBLIC SCHOOLS
25324156
00698670
3986423
- 0
- 0
- 0
(111215)
(111215)
(108741)
(90596)
- 0
- 0
22201
ESTANCIA VALLEY CLASSICAL ACADEMY
17772159
00490317
2797617
- 0
- 0
- 0
(78049)
(78049)
(76313)
(63579)
- 0
- 0
23070
LORDSBURG MUNICIPAL SCHOOLS
51096743
01409711
8043431
- 0
- 0
- 0
(224400)
(224400)
(219408)
(182796)
- 0
- 0
23121
ANIMAS PUBLIC SCHOOLS
19292757
00532269
3036984
- 0
- 0
- 0
(84727)
(84727)
(82842)
(69019)
- 0
- 0
24072
SANTA ROSA CONSOLIDATED SCHOOLS
56809634
01567324
8942729
- 0
- 0
- 0
(249489)
(249489)
(243939)
(203234)
- 0
- 0
24073
VAUGHN MUNICIPAL SCHOOLS
12288412
00339026
1934391
- 0
- 0
- 0
(53967)
(53967)
(52766)
(43961)
- 0
- 0
25075
MAGDELENA MUNICIPAL SCHOOLS
39388022
01086678
6200292
- 0
- 0
- 0
(172979)
(172979)
(169131)
(140909)
- 0
- 0
25076
SOCORRO CONSOLIDATED SCHOOLS
119743612
03303613
18849526
- 0
- 0
- 0
(525875)
(525875)
(514175)
(428377)
- 0
- 0
25106
NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY
472350274
13031699
74355367
- 0
- 0
- 0
(2074408)
(2074408)
(2028256)
(1689812)
- 0
- 0
25319
COTTONWOOD VALLEY CHARTER SCHOOLS
11134970
00307203
1752818
- 0
- 0
- 0
(48901)
(48901)
(47813)
(39835)
- 0
- 0
26077
CAPITAN MUNICIPAL SCHOOLS
35934847
00991409
5656713
- 0
- 0
- 0
(157814)
(157814)
(154303)
(128555)
- 0
- 0
26078
CARRIZOZO MUNICIPAL SCHOOLS
15641987
00431548
2462297
- 0
- 0
- 0
(68695)
(68695)
(67166)
(55959)
- 0
- 0
26079
CORONA PUBLIC SCHOOLS
13583697
00374761
2138285
- 0
- 0
- 0
(59655)
(59655)
(58328)
(48595)
- 0
- 0
26080
HONDO VALLEY PUBLIC SCHOOLS
16942484
00467427
2667013
- 0
- 0
- 0
(74406)
(74406)
(72750)
(60611)
- 0
- 0
26081
RUIDOSO MUNICIPAL SCHOOL DISTRICT
125672227
03467178
19782784
- 0
- 0
- 0
(551911)
(551911)
(539632)
(449587)
- 0
- 0
26150
REGION IX EDUCATIONAL COOPERATIVE
31729042
00875374
4994648
- 0
- 0
- 0
(139343)
(139343)
(136243)
(113509)
- 0
- 0
27083
FORT SUMNER MUNICIPAL SCHOOLS
30489477
00841176
4799524
- 0
- 0
- 0
(133900)
(133900)
(130921)
(109075)
- 0
- 0
28084
QUEMADO INDEPENDENT SCHOOLS
17595257
00485437
2769773
- 0
- 0
- 0
(77273)
(77273)
(75554)
(62946)
- 0
- 0
28085
RESERVE INDEPENDENT SCHOOLS
18999938
00524190
2990887
- 0
- 0
- 0
(83441)
(83441)
(81585)
(67971)
- 0
- 0
29086
BERNALILLO PUBLIC SCHOOLS
256481726
07076089
40374259
- 0
- 0
- 0
(1126384)
(1126384)
(1101324)
(917552)
- 0
- 0
29087
CUBA INDEPENDENT SCHOOLS
56653909
01563028
8918217
- 0
- 0
- 0
(248805)
(248805)
(243270)
(202677)
- 0
- 0
29088
JEMEZ VALLEY PUBLIC SCHOOLS
30896483
00852405
4863593
- 0
- 0
- 0
(135687)
(135687)
(132668)
(110531)
- 0
- 0
29122
JEMEZ MOUNTAIN SCHOOL DISTRICT
31276427
00862887
4923401
- 0
- 0
- 0
(137356)
(137356)
(134300)
(111890)
- 0
- 0
29123
RIO RANCHO PUBLIC SCHOOLS
1067726236
29457561
168076913
- 0
- 0
- 0
(4689104)
(4689104)
(4584780)
(3819742)
- 0
- 0
29150
NORTHWEST REGIONAL EDUCATION 2
4890736
00134931
769880
- 0
- 0
- 0
(21479)
(21479)
(21001)
(17496)
- 0
- 0
29305
SAN DIEGO RIVERSIDE CHARTER SCHOOL
6815857
00188043
1072923
- 0
- 0
- 0
(29933)
(29933)
(29267)
(24383)
- 0
- 0
29330
WALATOWA CHARTER HIGH SCHOOL
6020020
00166087
947648
- 0
- 0
- 0
(26438)
(26438)
(25850)
(21536)
- 0
- 0
29408
THE ASK ACADEMY
13515142
00372870
2127496
- 0
- 0
- 0
(59354)
(59354)
(58034)
(48350)
- 0
- 0
30089
MORA INDEPENDENT SCHOOLS
46556291
01284444
7328692
- 0
- 0
- 0
(204460)
(204460)
(199911)
(166553)
- 0
- 0
30090
WAGON MOUND PUBLIC SCHOOLS
15846572
00437192
2494500
- 0
- 0
- 0
(69593)
(69593)
(68045)
(56690)
- 0
- 0
31091
MOSQUERO MUNICIPAL SCHOOLS
8360043
00230646
1316004
- 0
- 0
- 0
(36715)
(36715)
(35898)
(29908)
- 0
- 0
31092
ROY MUNICIPAL SCHOOLS
9840797
00271498
1549095
- 0
- 0
- 0
(43218)
(43218)
(42256)
(35205)
- 0
- 0
32093
LOS ALAMOS PUBLIC SCHOOLS
313613561
08652303
49367712
- 0
- 0
- 0
(1377288)
(1377288)
(1346646)
(1121938)
- 0
- 0
36246253697
1000000000
5705730817
- 0
- 0
- 0
(159181664)
(159181664)
(155640186)
(129669335)
- 0
- 0
New Mexico Educational Retirement Board
Schedule of Collective Pension Amounts
As of and for the year ended June 30 2014
Net Pension Liability (775 Discount)
$ 5705730813
Net Pension Liability -- 100 Decrease (675 Discount)
$ 7763304829
Net Pension Liability -- 100 Increase (875 Discount)
$ 3987098791
Deferred Outflows of Resources
Differences Between Expected and Actual Experience
$ 0
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
0
Changes in Assumptions
0
Total Deferred Outflows of Resources Excluding Employer-Specific Amounts
$ 0
Deferred Inflows of Resources
Differences Between Expected and Actual Experience
$ 84995487
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
518677364
Changes inf Assumptions
0
Total Deferred Inflows of Resources Excluding Employer-Specific Amounts
$ 603672851
Pension Plan Expense
$ 395014052
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
Glossary continued
Current GASB 6768 Result
Funded Ratio AVAAAL Funded Ratio FNPTPLFor ERB results in a higher funded ratioWill be more volatile
Annual Required Contribution (ARC)Contribution necessary to amortize UAAL in 30 years
No longer applicableERB will track Funding Policy Contribution in actuarial valuation report
Discount Rate Use long-term earnings assumption to calculate AAL
Discount Rate Use long-term earnings assumption to calculate TPL if enough assets If not blended rate
No change for ERB
Contribution expense Total of employer contributions accrued in fiscal year
Pension expense Change in NPL from one year to the next
Will be more volatile
In summary these changes will result in a need for two different sets of books one for funding and budgeting and one for accounting
9
Current and GASB 68 Reporting
Current GASB 68ERB FS School FS ERB FS School FS
UAAL Footnote disclosure
NoneMentions participation in ERB
Footnote disclosure including sensitivity of discount rate
Proportionate share of NPL on Balance Sheet
Contribution Expense
Included in Statement of Changes in Plan Net Assets
Amount of employer contributions accrued
Included in Statement of Changes in Fiduciary Net Position
Difference between current and prior year NPL plus adjustments
10
11
GASB 68 Meanshellip New disclosures for employers
Now required to recognize and reporthellipbull proportionate share of the Planrsquos collective Net Pension Liabilitybull proportionate share of the Planrsquos pension expensebull Proportionate share of the Planrsquos deferred inflows and outflowsThese will be reported with a one-year lag
Now required to addhellipbull More disclosure notes discount rate measurement assumptions
deferred flowsbull Required Supplementary Information Schedules of net pension
liability over 10 years contributions and related ratios
12
What are ERBrsquos Options
Implementation Level Benefits Issues to Resolve1 Bargain Basement
Implement only GASB 67bull Low cost to ERB bull Employers uninformed
unstaffed for reportingbull Public image problems
2 Middle of the RoadProvide proportionate share schedules for Net Pension Liability pension expense amp deferred inflows outflows
bull NMERB meets employers halfway
bull NMERB minimizes audit responsibility
bull Member data is supplied by members
bull Who audits the allocation schedule
bull Employers still face new reporting challenges
3 Full Service PlanPrepare and disclose all calculations and disclosuresfor employers
bull Reduce employer work
bull Plan takes on more work
13
How to maximize ERBrsquos service today
bull Increase Communicationbull Leverage existing ERB website and employer portal
bull Email blasts to Employer accounting personnel bull Fact Sheet Handouts sample reporting examples newslettersbull Compliance Auditor (desk amp field audits)bull Meet with Employers in regional meetings across New Mexicobull Meet with State Auditor Public Education Department Higher
Education Departmentbull Share Real Information
bull Provide audited GASB 68 report and Required Supplementary Information to all employersbull Employer contribution reconciliationsbull Allocation schedules (Net Pension Liability Contributions
How ERB Will Help Employers with GASB 68 Disclosures
In FY15 ERB will provide all employers this audited informationbull Each employerrsquos share of the Net Pension Liability and change from
prior period (Pension Expense)bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries prior period adjustment for
NPL and language for financial statement disclosures may require customization
In FY16 and future years ERB will provide all employers this audited information
bull Each employerrsquos share of the change in Net Pension Liability (Pension Expense)
bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries and language for financial
statement disclosures may require customization
15
16
ERBrsquos Implementation Plan
bull Produce annual audited schedules engaging ERBrsquos actuary and auditor to provide an opinion onbull Employer Allocationsbull Collective Pension Amounts and Required Supplementary
Informationbull Schedules include detail information for employers financials
bull ERB will comply with AICPA best practices that will allow the employerrsquos auditor to rely on ERBrsquos auditorrsquos opinion on proportionate shares
bull Employers have responsibility to report accurate census data to ERBbull Employers assume responsibility for presentation of the information
used in their own financial statements
17
New Mexico Educational Retirement BoardSchedule of Collective Pension AmountsAs of and for the year ended June 30 2014
Net Pension Liability (775 Discount) 5705730813$ Net Pension Liability -- 100 Decrease (675 Discount) 7763304829$ Net Pension Liability -- 100 Increase (875 Discount) 3987098791$
Deferred Outflows of ResourcesDifferences Between Expected and Actual Experience 0$ Net Difference Between Projected and Actual Investment Earnings on Plan 0Changes in Assumptions 0Total Deferred Outflows of Resources Excluding Employer-Specific Amounts 0$
Deferred Inflows of ResourcesDifferences Between Expected and Actual Experience 84995487$ Net Difference Between Projected and Actual Investment Earnings on Plan Investments 518677364Changes inf Assumptions 0Total Deferred Inflows of Resources Excluding Employer-Specific Amounts 603672851$
Pension Plan Expense 395014052$
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
ERBrsquos GASB 68 Collective Amounts
68_Collective Info
68_Shares
18
19
20
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Notes to Financial StatementsSummary of Significant Accounting Policies Basis of Accounting For purposes of
measuring the net pension liability deferred outflows of resources and deferred inflows of resources related to pensions and pension expense information about the fiduciary net position of the ERB and additions todeductions from ERBrsquos fiduciary net position have been determined on the same basis as they are reported by ERB Plan For this purpose benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms Investments are reported at fair value
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense At June 30 2015 the University of ABC (UABC) reported a liability of $14910 for its proportionate share of the net pension liability The net pension liability was measured as of June 30 2015 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as June 30 2014 UABCrsquos proportion of the net pension liability was based on UABCrsquos contributions to ERB for the year ending June 30 2015 relative to the total contribution for all employers participating in ERB a projection of the long-term share of contributions to the pension plan relative to projected contributions of all participating school districts actuarially determined At June 30 2015 UABCrsquos proportion was XX percent which was an increase of XX percent from its proportion measured as of June 30 2014
Sample Employer GASB 68 Disclosures
21
Sample Employer GASB 68 Disclosureshellipcont
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense (Cont)For the year ended June 30 2015 UABC recognized pension expense of $2394 At June 30 2015 reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources
Payable to the Pension Plan At June 30 2015 UABC reported a payable of $5432 for the outstanding contributions to the pension plan required for the year ended June 30 2015
Deferred Outflowsof Resources
Deferred Inflowsof Resources
Differences between expected and actual experience $ 2657 $ 142
Changes of assumptions 1714 130
Net difference between projected and actual earnings on pension plan investments
- 2194
Changes in proportion and differences between UABC contributions and proportionate share of contributions
753 156
UABC contributions subsequent to the measurement date 1065 -
Total $ 6189 $ 2622
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Questions
22
Appendix A page 1ERB Actuarials at a Glance
23
Fiscal Year 63012 63013 63014 63014GASB 67
UAAL $62B $65B $63B $57B
Funded Ratio 607 601 631 669
Funding Period Infinite 951 years 421 years Not applicable
Funding Policy
Contribution1759 1747 1632 Not applicable
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
New Mexico Educational Retirement Board
Deferred Outflows
Deferred Inflows
Schedule of Employer-Specific Pension Amounts
of Resources
of Resources
Pension Expense
Subsequent Recognition of Deferred Amounts
As of and for the year ended June 30 2014
Net Amortization
of Deferred
Amounts from
Changes in
Changes in
Changes in
Proportion
Proportion
Proportion
and Differences
and Differences
and Differences
Between
Between
Between
Employer
Employer
Employer
Contributions
Contributions
Contributions
and Proportionate
and Proportionate
and Proportionate
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Net Pension Liability
Share of
Share of
Share of
Ending
Ending
Ending
Ending
Ending
ER Code
Employer Name
Contribution
Employer Allocation Percentage
(775 Discount)
Contributions
Contributions
Contributions
2015
2016
2017
2018
2019
Thereafter
01001
POJOAQUE VALLEY SCHOOLS
130138115
03590388
20485787
- 0
- 0
- 0
(571524)
(571524)
(558809)
(465563)
- 0
- 0
01002
SANTA FE PUBLIC SCHOOLS
903846552
24936275
142279673
- 0
- 0
- 0
(3969398)
(3969398)
(3881086)
(3233470)
- 0
- 0
01003
SANTA FE COMMUNITY COLLEGE
285623563
07880085
44961644
- 0
- 0
- 0
(1254365)
(1254365)
(1226458)
(1021805)
- 0
- 0
01094
NEW MEXICO SCHOOL FOR THE DEAF
55303678
01525776
8705667
- 0
- 0
- 0
(242876)
(242876)
(237472)
(197846)
- 0
- 0
01301
THE ACADEMY FOR TECHNOLOGY amp THE CLASSICS
22265370
00614281
3504922
- 0
- 0
- 0
(97782)
(97782)
(95607)
(79653)
- 0
- 0
01306
MONTE DEL SOL CHARTER SCHOOL
27346513
00754465
4304774
- 0
- 0
- 0
(120097)
(120097)
(117425)
(97831)
- 0
- 0
01315
TURQUOISE TRAIL CHARTER SCHOOL
29690099
00819122
4673690
- 0
- 0
- 0
(130389)
(130389)
(127488)
(106215)
- 0
- 0
01341
STATE OF NEW MEXICO
121504115
03352184
19126660
- 0
- 0
- 0
(533606)
(533606)
(521735)
(434675)
- 0
- 0
01343
TIERRA ENCANTADA CHARTER SCHOOL
18916878
00521899
2977815
- 0
- 0
- 0
(83077)
(83077)
(81228)
(67674)
- 0
- 0
01398
THE MASTERS PROGRAM
11557405
00318858
1819318
- 0
- 0
- 0
(50756)
(50756)
(49627)
(41346)
- 0
- 0
01416
NEW MEXICO SCHOOL FOR THE ARTS
14899946
00411075
2345483
- 0
- 0
- 0
(65436)
(65436)
(63980)
(53304)
- 0
- 0
01418
New Mexico Connections Academy
10201256
00281443
1605838
- 0
- 0
- 0
(44801)
(44801)
(43804)
(36495)
- 0
- 0
02003
ALBUQUERQUE PUBLIC SCHOOLS
6164408173
170070218
970374883
- 0
- 0
- 0
(27072060)
(27072060)
(26469760)
(22052893)
- 0
- 0
02095
UNIVERSITY OF NEW MEXICO
5918270140
163279499
931628869
- 0
- 0
- 0
(25991102)
(25991102)
(25412851)
(21172345)
- 0
- 0
02123
CENTRAL NEW MEXICO COMMUNITY COLLEGE
965367901
26633591
151964101
- 0
- 0
- 0
(4239579)
(4239579)
(4145257)
(3453560)
- 0
- 0
02148
NEW MEXICO ACTIVITIES ASSOCIATION
13674332
00377262
2152555
- 0
- 0
- 0
(60053)
(60053)
(58717)
(48919)
- 0
- 0
02150
CENTRAL REGIONAL EDUCATION COOP
32918525
00908191
5181893
- 0
- 0
- 0
(144567)
(144567)
(141351)
(117765)
- 0
- 0
02295
UNIVERSITY HOSPITALS
38915116
01073631
6125849
- 0
- 0
- 0
(170902)
(170902)
(167100)
(139217)
- 0
- 0
02303
AMY BIEHL HIGH SCHOOL
24086383
00664521
3791578
- 0
- 0
- 0
(105780)
(105780)
(103426)
(86168)
- 0
- 0
02304
EAST MOUNTAIN HIGH SCHOOL
24508244
00676159
3857981
- 0
- 0
- 0
(107632)
(107632)
(105238)
(87677)
- 0
- 0
02308
TWENTY-FIRST CENTURY PUBLIC ACADEMY
10638203
00293498
1674621
- 0
- 0
- 0
(46720)
(46720)
(45680)
(38058)
- 0
- 0
02309
SOUTH VALLEY ACADEMY
27055891
00746447
4259026
- 0
- 0
- 0
(118821)
(118821)
(116177)
(96791)
- 0
- 0
02310
SOUTHWEST SECONDARY LEARNING CENTER
12754266
00351878
2007721
- 0
- 0
- 0
(56013)
(56013)
(54766)
(45628)
- 0
- 0
02311
NUESTROS VALORES CHARTER SCHOOL
8467810
00233619
1332967
- 0
- 0
- 0
(37188)
(37188)
(36361)
(30293)
- 0
- 0
02313
ROOTS AND WINGS COMMUNITY SCHOOL
3195446
00088159
503012
- 0
- 0
- 0
(14033)
(14033)
(13721)
(11432)
- 0
- 0
02314
THE LEARNING COMMUNITY CHARTER
12127601
00334589
1909075
- 0
- 0
- 0
(53260)
(53260)
(52075)
(43386)
- 0
- 0
02318
ROBERT F KENNEDY CHARTER SCHOOL
19636783
00541760
3091137
- 0
- 0
- 0
(86238)
(86238)
(84320)
(70250)
- 0
- 0
02320
PUBLIC ACADEMY FOR PERFORMING ARTS
22952684
00633243
3613114
- 0
- 0
- 0
(100801)
(100801)
(98558)
(82112)
- 0
- 0
02322
LOS PUENTES CHARTER SCHOOL
15963339
00440413
2512878
- 0
- 0
- 0
(70106)
(70106)
(68546)
(57108)
- 0
- 0
02323
EL CAMINO REAL ACADEMY
25600416
00706291
4029906
- 0
- 0
- 0
(112429)
(112429)
(109927)
(91584)
- 0
- 0
02327
HORIZON ACADEMY WEST
22209646
00612743
3496147
- 0
- 0
- 0
(97537)
(97537)
(95367)
(79454)
- 0
- 0
02328
NORTH VALLEY ACADEMY
21177733
00584274
3333710
- 0
- 0
- 0
(93006)
(93006)
(90937)
(75762)
- 0
- 0
02329
LA ACADEMIA DE ESPERANZA
32216102
00888812
5071322
- 0
- 0
- 0
(141483)
(141483)
(138335)
(115252)
- 0
- 0
02331
LA ACADEMIA DE LENGUA Y CULTURA
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02334
MONTESSORI OF THE RIO GRANDE CHARTER SCHOOL
13170269
00363355
2073206
- 0
- 0
- 0
(57839)
(57839)
(56553)
(47116)
- 0
- 0
02336
CESAR CHAVEZ COMMUNITY SCHOOL
13344118
00368152
2100576
- 0
- 0
- 0
(58603)
(58603)
(57299)
(47738)
- 0
- 0
02338
CREATIVE EDUCATION PREPARATORY INSTITUTE 1
13923018
00384123
2191702
- 0
- 0
- 0
(61145)
(61145)
(59785)
(49809)
- 0
- 0
02339
GILBERT L SENA CHARTER HIGH SCHOOL
13971841
00385470
2199388
- 0
- 0
- 0
(61360)
(61360)
(59995)
(49984)
- 0
- 0
02340
SCHOOL FOR INTEGRATED ACADEMICS amp TECHNOLOGIES
17385947
00479662
2736822
- 0
- 0
- 0
(76353)
(76353)
(74655)
(62197)
- 0
- 0
02341
ALB INSTITUTE FOR MATH AND SCIENCE UNM
17455816
00481590
2747823
- 0
- 0
- 0
(76660)
(76660)
(74955)
(62447)
- 0
- 0
02342
MOUNTAIN MAHOGONY COMMUNITY
11336352
00312759
1784519
- 0
- 0
- 0
(49785)
(49785)
(48678)
(40555)
- 0
- 0
02343
LA PROMESA EARLY LEARNING
22284215
00614801
3507889
- 0
- 0
- 0
(97865)
(97865)
(95688)
(79721)
- 0
- 0
02344
ACADEMY OF TRADES AND TECHNOLOGY (YOUTH BUILD CO)
9306534
00256759
1464998
- 0
- 0
- 0
(40871)
(40871)
(39962)
(33294)
- 0
- 0
02345
SOUTHWEST INTERMEDIATE LEARNING CTR (LA LUZ DEL M)
6003345
00165627
945023
- 0
- 0
- 0
(26365)
(26365)
(25778)
(21477)
- 0
- 0
02346
SOUTHWEST PRIMARY LEARNING CENTER
6508031
00179550
1024464
- 0
- 0
- 0
(28581)
(28581)
(27945)
(23282)
- 0
- 0
02350
DIGITAL ARTS AND TECHNOLOGY ACADEMY
18276643
00504235
2877029
- 0
- 0
- 0
(80265)
(80265)
(78479)
(65384)
- 0
- 0
02351
THE MONTESSORI ELEMENTARY SCHOOL
15956095
00440214
2511743
- 0
- 0
- 0
(70074)
(70074)
(68515)
(57082)
- 0
- 0
02353
CHRISTINE DUNCANS HERITAGE ACADEMY
11567894
00319147
1820967
- 0
- 0
- 0
(50802)
(50802)
(49672)
(41384)
- 0
- 0
02354
NATIVE AMERICAN COMMUNITY ACADEMY
24618203
00679193
3875292
- 0
- 0
- 0
(108115)
(108115)
(105710)
(88071)
- 0
- 0
02355
RALPH J BUNCHE ACADEMY
5170362
00142645
813894
- 0
- 0
- 0
(22706)
(22706)
(22201)
(18497)
- 0
- 0
02356
ALICE KING COMMUNITY SCHOOL(N ALB COOP C C)
15945481
00439921
2510071
- 0
- 0
- 0
(70027)
(70027)
(68469)
(57044)
- 0
- 0
02357
LA RESOLANA LEADERSHIP ACADEMY
5266902
00145309
829094
- 0
- 0
- 0
(23131)
(23131)
(22616)
(18842)
- 0
- 0
02358
VILLAGE ACADEMY CHARTER SCHOOL
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02360
BATAAN MILITARY ACADEMY
9938807
00274202
1564523
- 0
- 0
- 0
(43648)
(43648)
(42677)
(35556)
- 0
- 0
02361
ALBUQUERQUE TALENT DEVELOPMENT SECONDARY CHARTER
11434102
00315456
1799907
- 0
- 0
- 0
(50215)
(50215)
(49098)
(40905)
- 0
- 0
02362
GORDON BERNELL CHARTER SCHOOL
32236740
00889381
5074569
- 0
- 0
- 0
(141573)
(141573)
(138423)
(115325)
- 0
- 0
02363
CORRALES INTERNATIONAL SCHOOL
17491523
00482575
2753443
- 0
- 0
- 0
(76817)
(76817)
(75108)
(62575)
- 0
- 0
02364
COTTONWOOD CLASSICAL PREP SCHOOL
27174715
00749725
4277729
- 0
- 0
- 0
(119342)
(119342)
(116687)
(97216)
- 0
- 0
02365
MEDIA ARTS COLLABORATIVE CHARTER SCHOOL
12988950
00358353
2044666
- 0
- 0
- 0
(57043)
(57043)
(55774)
(46467)
- 0
- 0
02366
THE NEW AMERICA SCHOOL
15162026
00418306
2386741
- 0
- 0
- 0
(66587)
(66587)
(65105)
(54241)
- 0
- 0
02367
CIEN AGUAS INTERNATIONAL SCHOOL
16645455
00459232
2620254
- 0
- 0
- 0
(73101)
(73101)
(71475)
(59548)
- 0
- 0
02368
THE INTERNATIONAL SCH AT MESA DEL SOL
15953529
00440143
2511337
- 0
- 0
- 0
(70063)
(70063)
(68504)
(57073)
- 0
- 0
02370
TIERRA ADENTRO OF NEW MEXICO
14574532
00402098
2294263
- 0
- 0
- 0
(64007)
(64007)
(62583)
(52140)
- 0
- 0
02390
ACE LEADERSHIP HIGH SCHOOL
21477933
00592556
3380965
- 0
- 0
- 0
(94324)
(94324)
(92226)
(76836)
- 0
- 0
02396
SOUTH VALLEY PREPARATORY SCHOOL
9352262
00258020
1472193
- 0
- 0
- 0
(41072)
(41072)
(40158)
(33457)
- 0
- 0
02402
ALBUQUERQUE SIGN LANGUAGE ACADEMY
12136863
00334845
1910535
- 0
- 0
- 0
(53301)
(53301)
(52115)
(43419)
- 0
- 0
02412
ALBUQUERQUE SCHOOL OF EXCELLENCE
12941978
00357057
2037271
- 0
- 0
- 0
(56837)
(56837)
(55572)
(46299)
- 0
- 0
02413
THE GREAT ACADEMY
9104631
00251188
1433211
- 0
- 0
- 0
(39985)
(39985)
(39095)
(32571)
- 0
- 0
02414
THE NEW MEXICO INTERNATIONAL SCHOOL
9093315
00250876
1431431
- 0
- 0
- 0
(39935)
(39935)
(39046)
(32531)
- 0
- 0
02417
WILLIAM W amp JOSEPHINE DORN CHARTER COMMUNITY SCHOO
2499702
00068964
393490
- 0
- 0
- 0
(10978)
(10978)
(10734)
(8943)
- 0
- 0
02418
SAGE MONTESSORI CHARTER SCHOOL
7486288
00206540
1178462
- 0
- 0
- 0
(32877)
(32877)
(32146)
(26782)
- 0
- 0
02420
SOUTHWEST AERONAUTICS MATH amp SCIENCE ACADEMY
9312685
00256928
1465962
- 0
- 0
- 0
(40898)
(40898)
(39988)
(33316)
- 0
- 0
02421
CORAL COMMUNITY CHARTER SCHOOL
5518744
00152257
868737
- 0
- 0
- 0
(24237)
(24237)
(23697)
(19743)
- 0
- 0
02425
MISSION ACHIEVEMENT AND SUCCESS CHARTER SCHOOL
15952839
00440124
2511229
- 0
- 0
- 0
(70060)
(70060)
(68501)
(57071)
- 0
- 0
02430
Health Leadership Community School
9697716
00267551
1526574
- 0
- 0
- 0
(42589)
(42589)
(41642)
(34693)
- 0
- 0
03004
ARTESIA PUBLIC SCHOOLS
249203786
06875298
39228600
- 0
- 0
- 0
(1094421)
(1094421)
(1070073)
(891515)
- 0
- 0
03005
CARLSBAD MUNICIPAL SCHOOLS
457710863
12627812
72050896
- 0
- 0
- 0
(2010116)
(2010116)
(1965395)
(1637440)
- 0
- 0
03006
LOVING MUNICIPAL SCHOOLS
45366532
01251620
7141407
- 0
- 0
- 0
(199235)
(199235)
(194802)
(162297)
- 0
- 0
03321
JEFFERSON MONTESSORI ACADEMY
14230129
00392596
2240047
- 0
- 0
- 0
(62494)
(62494)
(61104)
(50908)
- 0
- 0
04008
DEXTER CONSOLIDATED SCHOOLS
74126962
02045093
11668750
- 0
- 0
- 0
(325541)
(325541)
(318299)
(265186)
- 0
- 0
04009
HAGERMAN MUNICIPAL SCHOOLS
35432505
00977549
5577631
- 0
- 0
- 0
(155608)
(155608)
(152146)
(126758)
- 0
- 0
04010
LAKE ARTHUR MUNICIPAL SCHOOLS
13637822
00376255
2146810
- 0
- 0
- 0
(59893)
(59893)
(58560)
(48789)
- 0
- 0
04011
ROSWELL INDEPENDENT SCHOOLS
615946152
16993374
96959618
- 0
- 0
- 0
(2705034)
(2705034)
(2644852)
(2203520)
- 0
- 0
04097
NEW MEXICO MILITARY INSTITUTE
168542271
04649923
26531209
- 0
- 0
- 0
(740182)
(740182)
(723715)
(602952)
- 0
- 0
04317
SIDNEY GUTIERREZ MIDDLE SCHOOL
4080477
00112577
642334
- 0
- 0
- 0
(17920)
(17920)
(17522)
(14598)
- 0
- 0
05011
CLOVIS COMMUNITY COLLEGE
91114505
02513763
14342855
- 0
- 0
- 0
(400145)
(400145)
(391243)
(325958)
- 0
- 0
05012
CLOVIS MUNICIPAL SCHOOLS
529906737
14619628
83415662
- 0
- 0
- 0
(2327177)
(2327177)
(2275402)
(1895717)
- 0
- 0
05013
GRADY MUNICIPAL SCHOOLS
13422095
00370303
2112849
- 0
- 0
- 0
(58945)
(58945)
(57634)
(48017)
- 0
- 0
05014
MELROSE SCHOOLS
20092869
00554343
3162932
- 0
- 0
- 0
(88241)
(88241)
(86278)
(71881)
- 0
- 0
05015
TEXICO MUNICIPAL SCHOOLS
46844881
01292406
7374121
- 0
- 0
- 0
(205727)
(205727)
(201150)
(167585)
- 0
- 0
05016
REGIONAL EDUCATIONAL CENTER 6
8833229
00243700
1390487
- 0
- 0
- 0
(38793)
(38793)
(37930)
(31600)
- 0
- 0
06016
EUNICE PUBLIC SCHOOLS
47356967
01306534
7454731
- 0
- 0
- 0
(207976)
(207976)
(203349)
(169417)
- 0
- 0
06017
HOBBS MUNICIPAL SCHOOLS
528484026
14580377
83191706
- 0
- 0
- 0
(2320929)
(2320929)
(2269293)
(1890628)
- 0
- 0
06018
JAL PUBLIC SCHOOLS
34332805
00947210
5404525
- 0
- 0
- 0
(150778)
(150778)
(147424)
(122824)
- 0
- 0
06019
LOVINGTON MUNICIPAL SCHOOLS
228661774
06308563
35994962
- 0
- 0
- 0
(1004208)
(1004208)
(981866)
(818027)
- 0
- 0
06020
TATUM MUNICIPAL SCHOOLS
32371140
00893089
5095725
- 0
- 0
- 0
(142163)
(142163)
(139001)
(115806)
- 0
- 0
06124
NEW MEXICO JUNIOR COLLEGE
143512547
03959376
22591134
- 0
- 0
- 0
(630260)
(630260)
(616238)
(513410)
- 0
- 0
06150
REGIONAL EDUCATIONAL COOP 7
2672852
00073741
420746
- 0
- 0
- 0
(11738)
(11738)
(11477)
(9562)
- 0
- 0
07021
GADSDEN INDEPENDENT SCHOOLS
954445594
26332255
150244759
- 0
- 0
- 0
(4191612)
(4191612)
(4098357)
(3414486)
- 0
- 0
07022
HATCH VALLEY PUBLIC SCHOOLS
101411144
02797838
15963710
- 0
- 0
- 0
(445365)
(445365)
(435456)
(362794)
- 0
- 0
07023
LAS CRUCES PUBLIC SCHOOLS
1700239556
46908008
267644467
- 0
- 0
- 0
(7466895)
(7466895)
(7300771)
(6082530)
- 0
- 0
07098
NEW MEXICO STATE UNIVERSITY
2740590573
75610313
431412093
- 0
- 0
- 0
(12035775)
(12035775)
(11768003)
(9804339)
- 0
- 0
07335
ALMA DARTE CHARTER HIGH SCHOOL
14804322
00408437
2330432
- 0
- 0
- 0
(65016)
(65016)
(63569)
(52962)
- 0
- 0
07337
LA ACADEMIA DOLORES HUERTA
9581137
00264335
1508224
- 0
- 0
- 0
(42077)
(42077)
(41141)
(34276)
- 0
- 0
07338
LAS MONTANAS CHARTER HIGH SCHOOL
14737236
00406586
2319870
- 0
- 0
- 0
(64721)
(64721)
(63281)
(52722)
- 0
- 0
07339
ANTHONY CHARTER SCHOOL
5217470
00143945
821311
- 0
- 0
- 0
(22913)
(22913)
(22404)
(18665)
- 0
- 0
07420
J PAUL TAYLOR ACADEMY
10921121
00301303
1719154
- 0
- 0
- 0
(47962)
(47962)
(46895)
(39070)
- 0
- 0
07421
NEW AMERICA SCHOOL-LAS CRUCES
12850101
00354522
2022807
- 0
- 0
- 0
(56433)
(56433)
(55178)
(45971)
- 0
- 0
08024
COBRE CONSOLIDATED SCHOOLS
107900060
02976861
16985168
- 0
- 0
- 0
(473862)
(473862)
(463319)
(386008)
- 0
- 0
08026
SILVER CONSOLIDATED SCHOOLS
223923812
06177847
35249132
- 0
- 0
- 0
(983400)
(983400)
(961521)
(801077)
- 0
- 0
08099
WESTERN NEW MEXICO UNIVERSITY
228493287
06303915
35968442
- 0
- 0
- 0
(1003468)
(1003468)
(981142)
(817424)
- 0
- 0
08347
ALDO LEOPOLD HIGH SCHOOL
11975600
00330396
1885151
- 0
- 0
- 0
(52593)
(52593)
(51423)
(42842)
- 0
- 0
09027
CIMARRON MUNICIPAL SCHOOLS
33888261
00934945
5334544
- 0
- 0
- 0
(148826)
(148826)
(145515)
(121234)
- 0
- 0
09028
MAXWELL MUNICIPAL SCHOOLS
15196104
00419246
2392105
- 0
- 0
- 0
(66736)
(66736)
(65252)
(54363)
- 0
- 0
09029
RATON PUBLIC SCHOOLS
80720720
02227009
12706714
- 0
- 0
- 0
(354499)
(354499)
(346612)
(288775)
- 0
- 0
09030
SPRINGER MUNICIPAL SCHOOLS
19298679
00532432
3037914
- 0
- 0
- 0
(84753)
(84753)
(82868)
(69040)
- 0
- 0
09150
HIGH PLAINS REGIONAL EDUCATIONAL COOP 3
12699970
00350380
1999174
- 0
- 0
- 0
(55774)
(55774)
(54533)
(45434)
- 0
- 0
09324
MORENO VALLEY HIGH SCHOOL
7446232
00205435
1172157
- 0
- 0
- 0
(32701)
(32701)
(31974)
(26639)
- 0
- 0
10032
SAN JON SCHOOLS
14631539
00403670
2303232
- 0
- 0
- 0
(64257)
(64257)
(62827)
(52344)
- 0
- 0
10033
TUCUMCARI PUBLIC SCHOOLS
74492978
02055191
11726367
- 0
- 0
- 0
(327149)
(327149)
(319870)
(266495)
- 0
- 0
10119
HOUSE MUNICIPAL SCHOOLS
14003541
00386345
2204381
- 0
- 0
- 0
(61499)
(61499)
(60131)
(50097)
- 0
- 0
10120
LOGAN MUNICIPAL SCHOOLS
25199979
00695244
3966875
- 0
- 0
- 0
(110670)
(110670)
(108208)
(90152)
- 0
- 0
10141
MESALANDS COMMUNITY COLLEGE
35425739
00977363
5576570
- 0
- 0
- 0
(155578)
(155578)
(152117)
(126734)
- 0
- 0
11034
ELIDA MUNICIPAL SCHOOLS
14152846
00390464
2227882
- 0
- 0
- 0
(62155)
(62155)
(60772)
(50631)
- 0
- 0
11035
PORTALES MUNICIPAL SCHOOLS
202486725
05586418
31874597
- 0
- 0
- 0
(889255)
(889255)
(869471)
(724387)
- 0
- 0
11101
EASTERN NEW MEXICO UNIVERSITY - PORTALES
321726936
08876143
50644883
- 0
- 0
- 0
(1412919)
(1412919)
(1381485)
(1150964)
- 0
- 0
11102
EASTERN NM UNIVERSITY - ROSWELL
132681232
03660550
20886113
- 0
- 0
- 0
(582692)
(582692)
(569729)
(474661)
- 0
- 0
11117
DORA CONSOLIDATED SCHOOLS
23215804
00640502
3654532
- 0
- 0
- 0
(101956)
(101956)
(99688)
(83053)
- 0
- 0
11118
FLOYD MUNICIPAL SCHOOLS
22040516
00608077
3469524
- 0
- 0
- 0
(96795)
(96795)
(94641)
(78849)
- 0
- 0
12037
LAS VEGAS CITY SCHOOLS
125424467
03460343
19743786
- 0
- 0
- 0
(550823)
(550823)
(538568)
(448700)
- 0
- 0
12038
WEST LAS VEGAS SCHOOLS
135571770
03740297
21341128
- 0
- 0
- 0
(595387)
(595387)
(582141)
(485002)
- 0
- 0
12039
PECOS INDEPENDENT SCHOOLS
57989889
01599886
9128519
- 0
- 0
- 0
(254673)
(254673)
(249007)
(207456)
- 0
- 0
12102
NEW MEXICO HIGHLANDS UNIVERSITY
293679047
08102328
46229703
- 0
- 0
- 0
(1289742)
(1289742)
(1261048)
(1050624)
- 0
- 0
12128
LUNA COMMUNITY COLLEGE
77802974
02146511
12247414
- 0
- 0
- 0
(341685)
(341685)
(334083)
(278337)
- 0
- 0
12150
PECOS VALLEY REC 8
6405772
00176729
1008368
- 0
- 0
- 0
(28132)
(28132)
(27506)
(22916)
- 0
- 0
12151
NORTHEAST REGIONAL EDUCATION COOP
7566786
00208760
1191128
- 0
- 0
- 0
(33231)
(33231)
(32491)
(27070)
- 0
- 0
13041
GALLUP MCKINLEY COUNTY SCHOOLS
874308315
24121343
137629890
- 0
- 0
- 0
(3839676)
(3839676)
(3754250)
(3127799)
- 0
- 0
13142
ZUNI PUBLIC SCHOOLS
130100988
03589364
20479945
- 0
- 0
- 0
(571361)
(571361)
(558649)
(465430)
- 0
- 0
13369
MIDDLE COLLEGE HIGH SCHOOL
5022305
00138561
790592
- 0
- 0
- 0
(22056)
(22056)
(21566)
(17967)
- 0
- 0
13430
UPLIFT COMMUNITY SCHOOL
8929543
00246358
1405652
- 0
- 0
- 0
(39216)
(39216)
(38343)
(31945)
- 0
- 0
14043
BELEN CONSOLIDATED SCHOOLS
282020844
07780689
44394517
- 0
- 0
- 0
(1238543)
(1238543)
(1210988)
(1008917)
- 0
- 0
14044
GRANTS-CIBOLA COUNTY SCHOOLS
270364497
07459102
42559628
- 0
- 0
- 0
(1187352)
(1187352)
(1160936)
(967217)
- 0
- 0
14045
LOS LUNAS SCHOOLS
516619864
14253055
81324095
- 0
- 0
- 0
(2268825)
(2268825)
(2218348)
(1848184)
- 0
- 0
14366
SCHOOL OF DREAMS ACADEMY
16804216
00463612
2645245
- 0
- 0
- 0
(73799)
(73799)
(72157)
(60116)
- 0
- 0
15046
ALAMOGORDO PUBLIC SCHOOLS
369877443
10204570
58224529
- 0
- 0
- 0
(1624380)
(1624380)
(1588241)
(1323220)
- 0
- 0
15047
CLOUDCROFT MUNICIPAL SCHOOLS
30771554
00848958
4843926
- 0
- 0
- 0
(135139)
(135139)
(132132)
(110084)
- 0
- 0
15049
TULAROSA MUNICIPAL SCHOOLS
68396924
01887007
10766754
- 0
- 0
- 0
(300377)
(300377)
(293694)
(244687)
- 0
- 0
15104
NEW MEXICO SCHOOL FT BLIND amp VISUALLY IMPAIRED
79976142
02206466
12589501
- 0
- 0
- 0
(351229)
(351229)
(343415)
(286111)
- 0
- 0
16050
AZTEC MUNICIPAL SCHOOLS
187894163
05183823
29577499
- 0
- 0
- 0
(825170)
(825170)
(806811)
(672183)
- 0
- 0
16051
BLOOMFIELD SCHOOLS
209183372
05771172
32928754
- 0
- 0
- 0
(918665)
(918665)
(898226)
(748344)
- 0
- 0
16052
FARMINGTON MUNICIPAL SCHOOLS
709808631
19582952
111735053
- 0
- 0
- 0
(3117247)
(3117247)
(3047894)
(2539308)
- 0
- 0
16053
CENTRAL CONSOLIDATED SCHOOLS
497242938
13718464
78273863
- 0
- 0
- 0
(2183728)
(2183728)
(2135144)
(1778864)
- 0
- 0
16155
SAN JUAN COLLEGE
372723272
10283084
58672509
- 0
- 0
- 0
(1636878)
(1636878)
(1600461)
(1333401)
- 0
- 0
16356
MOSAIC ACADEMY CHARTER
10488019
00289355
1650982
- 0
- 0
- 0
(46060)
(46060)
(45035)
(37520)
- 0
- 0
16357
CARINOS CHARTER SCHOOL
17209176
00474785
2708995
- 0
- 0
- 0
(75577)
(75577)
(73896)
(61565)
- 0
- 0
16358
NEW MEXICO VIRTUAL ACADEMY
8945064
00246786
1408094
- 0
- 0
- 0
(39284)
(39284)
(38410)
(32001)
- 0
- 0
17054
ESPANOLA PUBLIC SCHOOLS
260245590
07179931
40966754
- 0
- 0
- 0
(1142913)
(1142913)
(1117486)
(931017)
- 0
- 0
17105
NORTHERN NEW MEXICO COLLEGE
128311258
03539987
20198213
- 0
- 0
- 0
(563501)
(563501)
(550964)
(459028)
- 0
- 0
17115
DULCE INDEPENDENT SCHOOLS
63542017
01753064
10002511
- 0
- 0
- 0
(279056)
(279056)
(272847)
(227319)
- 0
- 0
17126
CHAMA VALLEY SCHOOLS
41127543
01134670
6474122
- 0
- 0
- 0
(180619)
(180619)
(176600)
(147132)
- 0
- 0
17127
MESA VISTA CONSOLIDATED SCHOOLS
36319862
01002031
5717319
- 0
- 0
- 0
(159505)
(159505)
(155956)
(129933)
- 0
- 0
17334
LINDRITH AREA HERITAGE SCHOOL
1999722
00055170
314785
- 0
- 0
- 0
(8782)
(8782)
(8587)
(7154)
- 0
- 0
17424
MC CURDY CHARTER SCHOOL
26341385
00726734
4146549
- 0
- 0
- 0
(115683)
(115683)
(113109)
(94235)
- 0
- 0
17425
LA TIERRA MONTESSORI SCHOOL
3636882
00100338
572502
- 0
- 0
- 0
(15972)
(15972)
(15617)
(13011)
- 0
- 0
18056
CLAYTON MUNICIPAL SCHOOLS
41375879
01141522
6513217
- 0
- 0
- 0
(181709)
(181709)
(177667)
(148020)
- 0
- 0
18057
DES MOINES MUNICIPAL SCHOOLS
12824909
00353827
2018842
- 0
- 0
- 0
(56323)
(56323)
(55070)
(45881)
- 0
- 0
19059
DEMING PUBLIC SCHOOLS
358423873
09888577
56421558
- 0
- 0
- 0
(1574080)
(1574080)
(1539060)
(1282245)
- 0
- 0
19301
DEMING CESAR CHAVEZ CHARTER HIGH SCHOOL
10654211
00293940
1677143
- 0
- 0
- 0
(46790)
(46790)
(45749)
(38115)
- 0
- 0
20060
PENASCO INDEPENDENT SCHOOLS
43124424
01189762
6788462
- 0
- 0
- 0
(189388)
(189388)
(185175)
(154276)
- 0
- 0
20062
TAOS MUNICIPAL SCHOOLS
185250055
05110875
29161277
- 0
- 0
- 0
(813558)
(813558)
(795458)
(662724)
- 0
- 0
20125
QUESTA INDEPENDENT SCHOOLS
53837543
01485327
8474876
- 0
- 0
- 0
(236437)
(236437)
(231177)
(192601)
- 0
- 0
20265
TAOS ACADEMY CHARTER SCHOOL
11325900
00312471
1782875
- 0
- 0
- 0
(49740)
(49740)
(48633)
(40518)
- 0
- 0
20266
La Jicarita Community School
2194276
00060538
345414
- 0
- 0
- 0
(9637)
(9637)
(9422)
(7850)
- 0
- 0
20307
TAOS CHARTER SCHOOL
10997820
00303419
1731227
- 0
- 0
- 0
(48299)
(48299)
(47224)
(39344)
- 0
- 0
20312
RED RIVER VALLEY CHARTER SCHOOLS
4685520
00129269
737574
- 0
- 0
- 0
(20577)
(20577)
(20119)
(16762)
- 0
- 0
20316
ANANSI CHARTER SCHOOL
8137027
00224493
1280897
- 0
- 0
- 0
(35735)
(35735)
(34940)
(29110)
- 0
- 0
20317
VISTA GRANDE HIGH SCHOOL
6300504
00173825
991799
- 0
- 0
- 0
(27670)
(27670)
(27054)
(22540)
- 0
- 0
20415
TAOS INTEGRATED SCHOOL OF THE ARTS
6209169
00171305
977420
- 0
- 0
- 0
(27269)
(27269)
(26662)
(22213)
- 0
- 0
21063
TRUTH OR CONSEQUENCES MUNICIPAL SCHOOLS
108041191
02980755
17007386
- 0
- 0
- 0
(474482)
(474482)
(463925)
(386513)
- 0
- 0
21150
SOUTHWEST REGIONAL ED COOPERATIVE 10
13050923
00360063
2054423
- 0
- 0
- 0
(57315)
(57315)
(56040)
(46689)
- 0
- 0
22065
ESTANCIA MUNICPAL SCHOOLS
61525804
01697439
9685130
- 0
- 0
- 0
(270201)
(270201)
(264190)
(220106)
- 0
- 0
22066
MORIARTY-EDGEWOOD SCHOOL DISTRICT
195971575
05406671
30849009
- 0
- 0
- 0
(860643)
(860643)
(841495)
(701079)
- 0
- 0
22067
MOUNTAINAIR PUBLIC SCHOOLS
25324156
00698670
3986423
- 0
- 0
- 0
(111215)
(111215)
(108741)
(90596)
- 0
- 0
22201
ESTANCIA VALLEY CLASSICAL ACADEMY
17772159
00490317
2797617
- 0
- 0
- 0
(78049)
(78049)
(76313)
(63579)
- 0
- 0
23070
LORDSBURG MUNICIPAL SCHOOLS
51096743
01409711
8043431
- 0
- 0
- 0
(224400)
(224400)
(219408)
(182796)
- 0
- 0
23121
ANIMAS PUBLIC SCHOOLS
19292757
00532269
3036984
- 0
- 0
- 0
(84727)
(84727)
(82842)
(69019)
- 0
- 0
24072
SANTA ROSA CONSOLIDATED SCHOOLS
56809634
01567324
8942729
- 0
- 0
- 0
(249489)
(249489)
(243939)
(203234)
- 0
- 0
24073
VAUGHN MUNICIPAL SCHOOLS
12288412
00339026
1934391
- 0
- 0
- 0
(53967)
(53967)
(52766)
(43961)
- 0
- 0
25075
MAGDELENA MUNICIPAL SCHOOLS
39388022
01086678
6200292
- 0
- 0
- 0
(172979)
(172979)
(169131)
(140909)
- 0
- 0
25076
SOCORRO CONSOLIDATED SCHOOLS
119743612
03303613
18849526
- 0
- 0
- 0
(525875)
(525875)
(514175)
(428377)
- 0
- 0
25106
NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY
472350274
13031699
74355367
- 0
- 0
- 0
(2074408)
(2074408)
(2028256)
(1689812)
- 0
- 0
25319
COTTONWOOD VALLEY CHARTER SCHOOLS
11134970
00307203
1752818
- 0
- 0
- 0
(48901)
(48901)
(47813)
(39835)
- 0
- 0
26077
CAPITAN MUNICIPAL SCHOOLS
35934847
00991409
5656713
- 0
- 0
- 0
(157814)
(157814)
(154303)
(128555)
- 0
- 0
26078
CARRIZOZO MUNICIPAL SCHOOLS
15641987
00431548
2462297
- 0
- 0
- 0
(68695)
(68695)
(67166)
(55959)
- 0
- 0
26079
CORONA PUBLIC SCHOOLS
13583697
00374761
2138285
- 0
- 0
- 0
(59655)
(59655)
(58328)
(48595)
- 0
- 0
26080
HONDO VALLEY PUBLIC SCHOOLS
16942484
00467427
2667013
- 0
- 0
- 0
(74406)
(74406)
(72750)
(60611)
- 0
- 0
26081
RUIDOSO MUNICIPAL SCHOOL DISTRICT
125672227
03467178
19782784
- 0
- 0
- 0
(551911)
(551911)
(539632)
(449587)
- 0
- 0
26150
REGION IX EDUCATIONAL COOPERATIVE
31729042
00875374
4994648
- 0
- 0
- 0
(139343)
(139343)
(136243)
(113509)
- 0
- 0
27083
FORT SUMNER MUNICIPAL SCHOOLS
30489477
00841176
4799524
- 0
- 0
- 0
(133900)
(133900)
(130921)
(109075)
- 0
- 0
28084
QUEMADO INDEPENDENT SCHOOLS
17595257
00485437
2769773
- 0
- 0
- 0
(77273)
(77273)
(75554)
(62946)
- 0
- 0
28085
RESERVE INDEPENDENT SCHOOLS
18999938
00524190
2990887
- 0
- 0
- 0
(83441)
(83441)
(81585)
(67971)
- 0
- 0
29086
BERNALILLO PUBLIC SCHOOLS
256481726
07076089
40374259
- 0
- 0
- 0
(1126384)
(1126384)
(1101324)
(917552)
- 0
- 0
29087
CUBA INDEPENDENT SCHOOLS
56653909
01563028
8918217
- 0
- 0
- 0
(248805)
(248805)
(243270)
(202677)
- 0
- 0
29088
JEMEZ VALLEY PUBLIC SCHOOLS
30896483
00852405
4863593
- 0
- 0
- 0
(135687)
(135687)
(132668)
(110531)
- 0
- 0
29122
JEMEZ MOUNTAIN SCHOOL DISTRICT
31276427
00862887
4923401
- 0
- 0
- 0
(137356)
(137356)
(134300)
(111890)
- 0
- 0
29123
RIO RANCHO PUBLIC SCHOOLS
1067726236
29457561
168076913
- 0
- 0
- 0
(4689104)
(4689104)
(4584780)
(3819742)
- 0
- 0
29150
NORTHWEST REGIONAL EDUCATION 2
4890736
00134931
769880
- 0
- 0
- 0
(21479)
(21479)
(21001)
(17496)
- 0
- 0
29305
SAN DIEGO RIVERSIDE CHARTER SCHOOL
6815857
00188043
1072923
- 0
- 0
- 0
(29933)
(29933)
(29267)
(24383)
- 0
- 0
29330
WALATOWA CHARTER HIGH SCHOOL
6020020
00166087
947648
- 0
- 0
- 0
(26438)
(26438)
(25850)
(21536)
- 0
- 0
29408
THE ASK ACADEMY
13515142
00372870
2127496
- 0
- 0
- 0
(59354)
(59354)
(58034)
(48350)
- 0
- 0
30089
MORA INDEPENDENT SCHOOLS
46556291
01284444
7328692
- 0
- 0
- 0
(204460)
(204460)
(199911)
(166553)
- 0
- 0
30090
WAGON MOUND PUBLIC SCHOOLS
15846572
00437192
2494500
- 0
- 0
- 0
(69593)
(69593)
(68045)
(56690)
- 0
- 0
31091
MOSQUERO MUNICIPAL SCHOOLS
8360043
00230646
1316004
- 0
- 0
- 0
(36715)
(36715)
(35898)
(29908)
- 0
- 0
31092
ROY MUNICIPAL SCHOOLS
9840797
00271498
1549095
- 0
- 0
- 0
(43218)
(43218)
(42256)
(35205)
- 0
- 0
32093
LOS ALAMOS PUBLIC SCHOOLS
313613561
08652303
49367712
- 0
- 0
- 0
(1377288)
(1377288)
(1346646)
(1121938)
- 0
- 0
36246253697
1000000000
5705730817
- 0
- 0
- 0
(159181664)
(159181664)
(155640186)
(129669335)
- 0
- 0
New Mexico Educational Retirement Board
Schedule of Collective Pension Amounts
As of and for the year ended June 30 2014
Net Pension Liability (775 Discount)
$ 5705730813
Net Pension Liability -- 100 Decrease (675 Discount)
$ 7763304829
Net Pension Liability -- 100 Increase (875 Discount)
$ 3987098791
Deferred Outflows of Resources
Differences Between Expected and Actual Experience
$ 0
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
0
Changes in Assumptions
0
Total Deferred Outflows of Resources Excluding Employer-Specific Amounts
$ 0
Deferred Inflows of Resources
Differences Between Expected and Actual Experience
$ 84995487
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
518677364
Changes inf Assumptions
0
Total Deferred Inflows of Resources Excluding Employer-Specific Amounts
$ 603672851
Pension Plan Expense
$ 395014052
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
Current and GASB 68 Reporting
Current GASB 68ERB FS School FS ERB FS School FS
UAAL Footnote disclosure
NoneMentions participation in ERB
Footnote disclosure including sensitivity of discount rate
Proportionate share of NPL on Balance Sheet
Contribution Expense
Included in Statement of Changes in Plan Net Assets
Amount of employer contributions accrued
Included in Statement of Changes in Fiduciary Net Position
Difference between current and prior year NPL plus adjustments
10
11
GASB 68 Meanshellip New disclosures for employers
Now required to recognize and reporthellipbull proportionate share of the Planrsquos collective Net Pension Liabilitybull proportionate share of the Planrsquos pension expensebull Proportionate share of the Planrsquos deferred inflows and outflowsThese will be reported with a one-year lag
Now required to addhellipbull More disclosure notes discount rate measurement assumptions
deferred flowsbull Required Supplementary Information Schedules of net pension
liability over 10 years contributions and related ratios
12
What are ERBrsquos Options
Implementation Level Benefits Issues to Resolve1 Bargain Basement
Implement only GASB 67bull Low cost to ERB bull Employers uninformed
unstaffed for reportingbull Public image problems
2 Middle of the RoadProvide proportionate share schedules for Net Pension Liability pension expense amp deferred inflows outflows
bull NMERB meets employers halfway
bull NMERB minimizes audit responsibility
bull Member data is supplied by members
bull Who audits the allocation schedule
bull Employers still face new reporting challenges
3 Full Service PlanPrepare and disclose all calculations and disclosuresfor employers
bull Reduce employer work
bull Plan takes on more work
13
How to maximize ERBrsquos service today
bull Increase Communicationbull Leverage existing ERB website and employer portal
bull Email blasts to Employer accounting personnel bull Fact Sheet Handouts sample reporting examples newslettersbull Compliance Auditor (desk amp field audits)bull Meet with Employers in regional meetings across New Mexicobull Meet with State Auditor Public Education Department Higher
Education Departmentbull Share Real Information
bull Provide audited GASB 68 report and Required Supplementary Information to all employersbull Employer contribution reconciliationsbull Allocation schedules (Net Pension Liability Contributions
How ERB Will Help Employers with GASB 68 Disclosures
In FY15 ERB will provide all employers this audited informationbull Each employerrsquos share of the Net Pension Liability and change from
prior period (Pension Expense)bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries prior period adjustment for
NPL and language for financial statement disclosures may require customization
In FY16 and future years ERB will provide all employers this audited information
bull Each employerrsquos share of the change in Net Pension Liability (Pension Expense)
bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries and language for financial
statement disclosures may require customization
15
16
ERBrsquos Implementation Plan
bull Produce annual audited schedules engaging ERBrsquos actuary and auditor to provide an opinion onbull Employer Allocationsbull Collective Pension Amounts and Required Supplementary
Informationbull Schedules include detail information for employers financials
bull ERB will comply with AICPA best practices that will allow the employerrsquos auditor to rely on ERBrsquos auditorrsquos opinion on proportionate shares
bull Employers have responsibility to report accurate census data to ERBbull Employers assume responsibility for presentation of the information
used in their own financial statements
17
New Mexico Educational Retirement BoardSchedule of Collective Pension AmountsAs of and for the year ended June 30 2014
Net Pension Liability (775 Discount) 5705730813$ Net Pension Liability -- 100 Decrease (675 Discount) 7763304829$ Net Pension Liability -- 100 Increase (875 Discount) 3987098791$
Deferred Outflows of ResourcesDifferences Between Expected and Actual Experience 0$ Net Difference Between Projected and Actual Investment Earnings on Plan 0Changes in Assumptions 0Total Deferred Outflows of Resources Excluding Employer-Specific Amounts 0$
Deferred Inflows of ResourcesDifferences Between Expected and Actual Experience 84995487$ Net Difference Between Projected and Actual Investment Earnings on Plan Investments 518677364Changes inf Assumptions 0Total Deferred Inflows of Resources Excluding Employer-Specific Amounts 603672851$
Pension Plan Expense 395014052$
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
ERBrsquos GASB 68 Collective Amounts
68_Collective Info
68_Shares
18
19
20
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Notes to Financial StatementsSummary of Significant Accounting Policies Basis of Accounting For purposes of
measuring the net pension liability deferred outflows of resources and deferred inflows of resources related to pensions and pension expense information about the fiduciary net position of the ERB and additions todeductions from ERBrsquos fiduciary net position have been determined on the same basis as they are reported by ERB Plan For this purpose benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms Investments are reported at fair value
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense At June 30 2015 the University of ABC (UABC) reported a liability of $14910 for its proportionate share of the net pension liability The net pension liability was measured as of June 30 2015 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as June 30 2014 UABCrsquos proportion of the net pension liability was based on UABCrsquos contributions to ERB for the year ending June 30 2015 relative to the total contribution for all employers participating in ERB a projection of the long-term share of contributions to the pension plan relative to projected contributions of all participating school districts actuarially determined At June 30 2015 UABCrsquos proportion was XX percent which was an increase of XX percent from its proportion measured as of June 30 2014
Sample Employer GASB 68 Disclosures
21
Sample Employer GASB 68 Disclosureshellipcont
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense (Cont)For the year ended June 30 2015 UABC recognized pension expense of $2394 At June 30 2015 reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources
Payable to the Pension Plan At June 30 2015 UABC reported a payable of $5432 for the outstanding contributions to the pension plan required for the year ended June 30 2015
Deferred Outflowsof Resources
Deferred Inflowsof Resources
Differences between expected and actual experience $ 2657 $ 142
Changes of assumptions 1714 130
Net difference between projected and actual earnings on pension plan investments
- 2194
Changes in proportion and differences between UABC contributions and proportionate share of contributions
753 156
UABC contributions subsequent to the measurement date 1065 -
Total $ 6189 $ 2622
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Questions
22
Appendix A page 1ERB Actuarials at a Glance
23
Fiscal Year 63012 63013 63014 63014GASB 67
UAAL $62B $65B $63B $57B
Funded Ratio 607 601 631 669
Funding Period Infinite 951 years 421 years Not applicable
Funding Policy
Contribution1759 1747 1632 Not applicable
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
New Mexico Educational Retirement Board
Deferred Outflows
Deferred Inflows
Schedule of Employer-Specific Pension Amounts
of Resources
of Resources
Pension Expense
Subsequent Recognition of Deferred Amounts
As of and for the year ended June 30 2014
Net Amortization
of Deferred
Amounts from
Changes in
Changes in
Changes in
Proportion
Proportion
Proportion
and Differences
and Differences
and Differences
Between
Between
Between
Employer
Employer
Employer
Contributions
Contributions
Contributions
and Proportionate
and Proportionate
and Proportionate
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Net Pension Liability
Share of
Share of
Share of
Ending
Ending
Ending
Ending
Ending
ER Code
Employer Name
Contribution
Employer Allocation Percentage
(775 Discount)
Contributions
Contributions
Contributions
2015
2016
2017
2018
2019
Thereafter
01001
POJOAQUE VALLEY SCHOOLS
130138115
03590388
20485787
- 0
- 0
- 0
(571524)
(571524)
(558809)
(465563)
- 0
- 0
01002
SANTA FE PUBLIC SCHOOLS
903846552
24936275
142279673
- 0
- 0
- 0
(3969398)
(3969398)
(3881086)
(3233470)
- 0
- 0
01003
SANTA FE COMMUNITY COLLEGE
285623563
07880085
44961644
- 0
- 0
- 0
(1254365)
(1254365)
(1226458)
(1021805)
- 0
- 0
01094
NEW MEXICO SCHOOL FOR THE DEAF
55303678
01525776
8705667
- 0
- 0
- 0
(242876)
(242876)
(237472)
(197846)
- 0
- 0
01301
THE ACADEMY FOR TECHNOLOGY amp THE CLASSICS
22265370
00614281
3504922
- 0
- 0
- 0
(97782)
(97782)
(95607)
(79653)
- 0
- 0
01306
MONTE DEL SOL CHARTER SCHOOL
27346513
00754465
4304774
- 0
- 0
- 0
(120097)
(120097)
(117425)
(97831)
- 0
- 0
01315
TURQUOISE TRAIL CHARTER SCHOOL
29690099
00819122
4673690
- 0
- 0
- 0
(130389)
(130389)
(127488)
(106215)
- 0
- 0
01341
STATE OF NEW MEXICO
121504115
03352184
19126660
- 0
- 0
- 0
(533606)
(533606)
(521735)
(434675)
- 0
- 0
01343
TIERRA ENCANTADA CHARTER SCHOOL
18916878
00521899
2977815
- 0
- 0
- 0
(83077)
(83077)
(81228)
(67674)
- 0
- 0
01398
THE MASTERS PROGRAM
11557405
00318858
1819318
- 0
- 0
- 0
(50756)
(50756)
(49627)
(41346)
- 0
- 0
01416
NEW MEXICO SCHOOL FOR THE ARTS
14899946
00411075
2345483
- 0
- 0
- 0
(65436)
(65436)
(63980)
(53304)
- 0
- 0
01418
New Mexico Connections Academy
10201256
00281443
1605838
- 0
- 0
- 0
(44801)
(44801)
(43804)
(36495)
- 0
- 0
02003
ALBUQUERQUE PUBLIC SCHOOLS
6164408173
170070218
970374883
- 0
- 0
- 0
(27072060)
(27072060)
(26469760)
(22052893)
- 0
- 0
02095
UNIVERSITY OF NEW MEXICO
5918270140
163279499
931628869
- 0
- 0
- 0
(25991102)
(25991102)
(25412851)
(21172345)
- 0
- 0
02123
CENTRAL NEW MEXICO COMMUNITY COLLEGE
965367901
26633591
151964101
- 0
- 0
- 0
(4239579)
(4239579)
(4145257)
(3453560)
- 0
- 0
02148
NEW MEXICO ACTIVITIES ASSOCIATION
13674332
00377262
2152555
- 0
- 0
- 0
(60053)
(60053)
(58717)
(48919)
- 0
- 0
02150
CENTRAL REGIONAL EDUCATION COOP
32918525
00908191
5181893
- 0
- 0
- 0
(144567)
(144567)
(141351)
(117765)
- 0
- 0
02295
UNIVERSITY HOSPITALS
38915116
01073631
6125849
- 0
- 0
- 0
(170902)
(170902)
(167100)
(139217)
- 0
- 0
02303
AMY BIEHL HIGH SCHOOL
24086383
00664521
3791578
- 0
- 0
- 0
(105780)
(105780)
(103426)
(86168)
- 0
- 0
02304
EAST MOUNTAIN HIGH SCHOOL
24508244
00676159
3857981
- 0
- 0
- 0
(107632)
(107632)
(105238)
(87677)
- 0
- 0
02308
TWENTY-FIRST CENTURY PUBLIC ACADEMY
10638203
00293498
1674621
- 0
- 0
- 0
(46720)
(46720)
(45680)
(38058)
- 0
- 0
02309
SOUTH VALLEY ACADEMY
27055891
00746447
4259026
- 0
- 0
- 0
(118821)
(118821)
(116177)
(96791)
- 0
- 0
02310
SOUTHWEST SECONDARY LEARNING CENTER
12754266
00351878
2007721
- 0
- 0
- 0
(56013)
(56013)
(54766)
(45628)
- 0
- 0
02311
NUESTROS VALORES CHARTER SCHOOL
8467810
00233619
1332967
- 0
- 0
- 0
(37188)
(37188)
(36361)
(30293)
- 0
- 0
02313
ROOTS AND WINGS COMMUNITY SCHOOL
3195446
00088159
503012
- 0
- 0
- 0
(14033)
(14033)
(13721)
(11432)
- 0
- 0
02314
THE LEARNING COMMUNITY CHARTER
12127601
00334589
1909075
- 0
- 0
- 0
(53260)
(53260)
(52075)
(43386)
- 0
- 0
02318
ROBERT F KENNEDY CHARTER SCHOOL
19636783
00541760
3091137
- 0
- 0
- 0
(86238)
(86238)
(84320)
(70250)
- 0
- 0
02320
PUBLIC ACADEMY FOR PERFORMING ARTS
22952684
00633243
3613114
- 0
- 0
- 0
(100801)
(100801)
(98558)
(82112)
- 0
- 0
02322
LOS PUENTES CHARTER SCHOOL
15963339
00440413
2512878
- 0
- 0
- 0
(70106)
(70106)
(68546)
(57108)
- 0
- 0
02323
EL CAMINO REAL ACADEMY
25600416
00706291
4029906
- 0
- 0
- 0
(112429)
(112429)
(109927)
(91584)
- 0
- 0
02327
HORIZON ACADEMY WEST
22209646
00612743
3496147
- 0
- 0
- 0
(97537)
(97537)
(95367)
(79454)
- 0
- 0
02328
NORTH VALLEY ACADEMY
21177733
00584274
3333710
- 0
- 0
- 0
(93006)
(93006)
(90937)
(75762)
- 0
- 0
02329
LA ACADEMIA DE ESPERANZA
32216102
00888812
5071322
- 0
- 0
- 0
(141483)
(141483)
(138335)
(115252)
- 0
- 0
02331
LA ACADEMIA DE LENGUA Y CULTURA
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02334
MONTESSORI OF THE RIO GRANDE CHARTER SCHOOL
13170269
00363355
2073206
- 0
- 0
- 0
(57839)
(57839)
(56553)
(47116)
- 0
- 0
02336
CESAR CHAVEZ COMMUNITY SCHOOL
13344118
00368152
2100576
- 0
- 0
- 0
(58603)
(58603)
(57299)
(47738)
- 0
- 0
02338
CREATIVE EDUCATION PREPARATORY INSTITUTE 1
13923018
00384123
2191702
- 0
- 0
- 0
(61145)
(61145)
(59785)
(49809)
- 0
- 0
02339
GILBERT L SENA CHARTER HIGH SCHOOL
13971841
00385470
2199388
- 0
- 0
- 0
(61360)
(61360)
(59995)
(49984)
- 0
- 0
02340
SCHOOL FOR INTEGRATED ACADEMICS amp TECHNOLOGIES
17385947
00479662
2736822
- 0
- 0
- 0
(76353)
(76353)
(74655)
(62197)
- 0
- 0
02341
ALB INSTITUTE FOR MATH AND SCIENCE UNM
17455816
00481590
2747823
- 0
- 0
- 0
(76660)
(76660)
(74955)
(62447)
- 0
- 0
02342
MOUNTAIN MAHOGONY COMMUNITY
11336352
00312759
1784519
- 0
- 0
- 0
(49785)
(49785)
(48678)
(40555)
- 0
- 0
02343
LA PROMESA EARLY LEARNING
22284215
00614801
3507889
- 0
- 0
- 0
(97865)
(97865)
(95688)
(79721)
- 0
- 0
02344
ACADEMY OF TRADES AND TECHNOLOGY (YOUTH BUILD CO)
9306534
00256759
1464998
- 0
- 0
- 0
(40871)
(40871)
(39962)
(33294)
- 0
- 0
02345
SOUTHWEST INTERMEDIATE LEARNING CTR (LA LUZ DEL M)
6003345
00165627
945023
- 0
- 0
- 0
(26365)
(26365)
(25778)
(21477)
- 0
- 0
02346
SOUTHWEST PRIMARY LEARNING CENTER
6508031
00179550
1024464
- 0
- 0
- 0
(28581)
(28581)
(27945)
(23282)
- 0
- 0
02350
DIGITAL ARTS AND TECHNOLOGY ACADEMY
18276643
00504235
2877029
- 0
- 0
- 0
(80265)
(80265)
(78479)
(65384)
- 0
- 0
02351
THE MONTESSORI ELEMENTARY SCHOOL
15956095
00440214
2511743
- 0
- 0
- 0
(70074)
(70074)
(68515)
(57082)
- 0
- 0
02353
CHRISTINE DUNCANS HERITAGE ACADEMY
11567894
00319147
1820967
- 0
- 0
- 0
(50802)
(50802)
(49672)
(41384)
- 0
- 0
02354
NATIVE AMERICAN COMMUNITY ACADEMY
24618203
00679193
3875292
- 0
- 0
- 0
(108115)
(108115)
(105710)
(88071)
- 0
- 0
02355
RALPH J BUNCHE ACADEMY
5170362
00142645
813894
- 0
- 0
- 0
(22706)
(22706)
(22201)
(18497)
- 0
- 0
02356
ALICE KING COMMUNITY SCHOOL(N ALB COOP C C)
15945481
00439921
2510071
- 0
- 0
- 0
(70027)
(70027)
(68469)
(57044)
- 0
- 0
02357
LA RESOLANA LEADERSHIP ACADEMY
5266902
00145309
829094
- 0
- 0
- 0
(23131)
(23131)
(22616)
(18842)
- 0
- 0
02358
VILLAGE ACADEMY CHARTER SCHOOL
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02360
BATAAN MILITARY ACADEMY
9938807
00274202
1564523
- 0
- 0
- 0
(43648)
(43648)
(42677)
(35556)
- 0
- 0
02361
ALBUQUERQUE TALENT DEVELOPMENT SECONDARY CHARTER
11434102
00315456
1799907
- 0
- 0
- 0
(50215)
(50215)
(49098)
(40905)
- 0
- 0
02362
GORDON BERNELL CHARTER SCHOOL
32236740
00889381
5074569
- 0
- 0
- 0
(141573)
(141573)
(138423)
(115325)
- 0
- 0
02363
CORRALES INTERNATIONAL SCHOOL
17491523
00482575
2753443
- 0
- 0
- 0
(76817)
(76817)
(75108)
(62575)
- 0
- 0
02364
COTTONWOOD CLASSICAL PREP SCHOOL
27174715
00749725
4277729
- 0
- 0
- 0
(119342)
(119342)
(116687)
(97216)
- 0
- 0
02365
MEDIA ARTS COLLABORATIVE CHARTER SCHOOL
12988950
00358353
2044666
- 0
- 0
- 0
(57043)
(57043)
(55774)
(46467)
- 0
- 0
02366
THE NEW AMERICA SCHOOL
15162026
00418306
2386741
- 0
- 0
- 0
(66587)
(66587)
(65105)
(54241)
- 0
- 0
02367
CIEN AGUAS INTERNATIONAL SCHOOL
16645455
00459232
2620254
- 0
- 0
- 0
(73101)
(73101)
(71475)
(59548)
- 0
- 0
02368
THE INTERNATIONAL SCH AT MESA DEL SOL
15953529
00440143
2511337
- 0
- 0
- 0
(70063)
(70063)
(68504)
(57073)
- 0
- 0
02370
TIERRA ADENTRO OF NEW MEXICO
14574532
00402098
2294263
- 0
- 0
- 0
(64007)
(64007)
(62583)
(52140)
- 0
- 0
02390
ACE LEADERSHIP HIGH SCHOOL
21477933
00592556
3380965
- 0
- 0
- 0
(94324)
(94324)
(92226)
(76836)
- 0
- 0
02396
SOUTH VALLEY PREPARATORY SCHOOL
9352262
00258020
1472193
- 0
- 0
- 0
(41072)
(41072)
(40158)
(33457)
- 0
- 0
02402
ALBUQUERQUE SIGN LANGUAGE ACADEMY
12136863
00334845
1910535
- 0
- 0
- 0
(53301)
(53301)
(52115)
(43419)
- 0
- 0
02412
ALBUQUERQUE SCHOOL OF EXCELLENCE
12941978
00357057
2037271
- 0
- 0
- 0
(56837)
(56837)
(55572)
(46299)
- 0
- 0
02413
THE GREAT ACADEMY
9104631
00251188
1433211
- 0
- 0
- 0
(39985)
(39985)
(39095)
(32571)
- 0
- 0
02414
THE NEW MEXICO INTERNATIONAL SCHOOL
9093315
00250876
1431431
- 0
- 0
- 0
(39935)
(39935)
(39046)
(32531)
- 0
- 0
02417
WILLIAM W amp JOSEPHINE DORN CHARTER COMMUNITY SCHOO
2499702
00068964
393490
- 0
- 0
- 0
(10978)
(10978)
(10734)
(8943)
- 0
- 0
02418
SAGE MONTESSORI CHARTER SCHOOL
7486288
00206540
1178462
- 0
- 0
- 0
(32877)
(32877)
(32146)
(26782)
- 0
- 0
02420
SOUTHWEST AERONAUTICS MATH amp SCIENCE ACADEMY
9312685
00256928
1465962
- 0
- 0
- 0
(40898)
(40898)
(39988)
(33316)
- 0
- 0
02421
CORAL COMMUNITY CHARTER SCHOOL
5518744
00152257
868737
- 0
- 0
- 0
(24237)
(24237)
(23697)
(19743)
- 0
- 0
02425
MISSION ACHIEVEMENT AND SUCCESS CHARTER SCHOOL
15952839
00440124
2511229
- 0
- 0
- 0
(70060)
(70060)
(68501)
(57071)
- 0
- 0
02430
Health Leadership Community School
9697716
00267551
1526574
- 0
- 0
- 0
(42589)
(42589)
(41642)
(34693)
- 0
- 0
03004
ARTESIA PUBLIC SCHOOLS
249203786
06875298
39228600
- 0
- 0
- 0
(1094421)
(1094421)
(1070073)
(891515)
- 0
- 0
03005
CARLSBAD MUNICIPAL SCHOOLS
457710863
12627812
72050896
- 0
- 0
- 0
(2010116)
(2010116)
(1965395)
(1637440)
- 0
- 0
03006
LOVING MUNICIPAL SCHOOLS
45366532
01251620
7141407
- 0
- 0
- 0
(199235)
(199235)
(194802)
(162297)
- 0
- 0
03321
JEFFERSON MONTESSORI ACADEMY
14230129
00392596
2240047
- 0
- 0
- 0
(62494)
(62494)
(61104)
(50908)
- 0
- 0
04008
DEXTER CONSOLIDATED SCHOOLS
74126962
02045093
11668750
- 0
- 0
- 0
(325541)
(325541)
(318299)
(265186)
- 0
- 0
04009
HAGERMAN MUNICIPAL SCHOOLS
35432505
00977549
5577631
- 0
- 0
- 0
(155608)
(155608)
(152146)
(126758)
- 0
- 0
04010
LAKE ARTHUR MUNICIPAL SCHOOLS
13637822
00376255
2146810
- 0
- 0
- 0
(59893)
(59893)
(58560)
(48789)
- 0
- 0
04011
ROSWELL INDEPENDENT SCHOOLS
615946152
16993374
96959618
- 0
- 0
- 0
(2705034)
(2705034)
(2644852)
(2203520)
- 0
- 0
04097
NEW MEXICO MILITARY INSTITUTE
168542271
04649923
26531209
- 0
- 0
- 0
(740182)
(740182)
(723715)
(602952)
- 0
- 0
04317
SIDNEY GUTIERREZ MIDDLE SCHOOL
4080477
00112577
642334
- 0
- 0
- 0
(17920)
(17920)
(17522)
(14598)
- 0
- 0
05011
CLOVIS COMMUNITY COLLEGE
91114505
02513763
14342855
- 0
- 0
- 0
(400145)
(400145)
(391243)
(325958)
- 0
- 0
05012
CLOVIS MUNICIPAL SCHOOLS
529906737
14619628
83415662
- 0
- 0
- 0
(2327177)
(2327177)
(2275402)
(1895717)
- 0
- 0
05013
GRADY MUNICIPAL SCHOOLS
13422095
00370303
2112849
- 0
- 0
- 0
(58945)
(58945)
(57634)
(48017)
- 0
- 0
05014
MELROSE SCHOOLS
20092869
00554343
3162932
- 0
- 0
- 0
(88241)
(88241)
(86278)
(71881)
- 0
- 0
05015
TEXICO MUNICIPAL SCHOOLS
46844881
01292406
7374121
- 0
- 0
- 0
(205727)
(205727)
(201150)
(167585)
- 0
- 0
05016
REGIONAL EDUCATIONAL CENTER 6
8833229
00243700
1390487
- 0
- 0
- 0
(38793)
(38793)
(37930)
(31600)
- 0
- 0
06016
EUNICE PUBLIC SCHOOLS
47356967
01306534
7454731
- 0
- 0
- 0
(207976)
(207976)
(203349)
(169417)
- 0
- 0
06017
HOBBS MUNICIPAL SCHOOLS
528484026
14580377
83191706
- 0
- 0
- 0
(2320929)
(2320929)
(2269293)
(1890628)
- 0
- 0
06018
JAL PUBLIC SCHOOLS
34332805
00947210
5404525
- 0
- 0
- 0
(150778)
(150778)
(147424)
(122824)
- 0
- 0
06019
LOVINGTON MUNICIPAL SCHOOLS
228661774
06308563
35994962
- 0
- 0
- 0
(1004208)
(1004208)
(981866)
(818027)
- 0
- 0
06020
TATUM MUNICIPAL SCHOOLS
32371140
00893089
5095725
- 0
- 0
- 0
(142163)
(142163)
(139001)
(115806)
- 0
- 0
06124
NEW MEXICO JUNIOR COLLEGE
143512547
03959376
22591134
- 0
- 0
- 0
(630260)
(630260)
(616238)
(513410)
- 0
- 0
06150
REGIONAL EDUCATIONAL COOP 7
2672852
00073741
420746
- 0
- 0
- 0
(11738)
(11738)
(11477)
(9562)
- 0
- 0
07021
GADSDEN INDEPENDENT SCHOOLS
954445594
26332255
150244759
- 0
- 0
- 0
(4191612)
(4191612)
(4098357)
(3414486)
- 0
- 0
07022
HATCH VALLEY PUBLIC SCHOOLS
101411144
02797838
15963710
- 0
- 0
- 0
(445365)
(445365)
(435456)
(362794)
- 0
- 0
07023
LAS CRUCES PUBLIC SCHOOLS
1700239556
46908008
267644467
- 0
- 0
- 0
(7466895)
(7466895)
(7300771)
(6082530)
- 0
- 0
07098
NEW MEXICO STATE UNIVERSITY
2740590573
75610313
431412093
- 0
- 0
- 0
(12035775)
(12035775)
(11768003)
(9804339)
- 0
- 0
07335
ALMA DARTE CHARTER HIGH SCHOOL
14804322
00408437
2330432
- 0
- 0
- 0
(65016)
(65016)
(63569)
(52962)
- 0
- 0
07337
LA ACADEMIA DOLORES HUERTA
9581137
00264335
1508224
- 0
- 0
- 0
(42077)
(42077)
(41141)
(34276)
- 0
- 0
07338
LAS MONTANAS CHARTER HIGH SCHOOL
14737236
00406586
2319870
- 0
- 0
- 0
(64721)
(64721)
(63281)
(52722)
- 0
- 0
07339
ANTHONY CHARTER SCHOOL
5217470
00143945
821311
- 0
- 0
- 0
(22913)
(22913)
(22404)
(18665)
- 0
- 0
07420
J PAUL TAYLOR ACADEMY
10921121
00301303
1719154
- 0
- 0
- 0
(47962)
(47962)
(46895)
(39070)
- 0
- 0
07421
NEW AMERICA SCHOOL-LAS CRUCES
12850101
00354522
2022807
- 0
- 0
- 0
(56433)
(56433)
(55178)
(45971)
- 0
- 0
08024
COBRE CONSOLIDATED SCHOOLS
107900060
02976861
16985168
- 0
- 0
- 0
(473862)
(473862)
(463319)
(386008)
- 0
- 0
08026
SILVER CONSOLIDATED SCHOOLS
223923812
06177847
35249132
- 0
- 0
- 0
(983400)
(983400)
(961521)
(801077)
- 0
- 0
08099
WESTERN NEW MEXICO UNIVERSITY
228493287
06303915
35968442
- 0
- 0
- 0
(1003468)
(1003468)
(981142)
(817424)
- 0
- 0
08347
ALDO LEOPOLD HIGH SCHOOL
11975600
00330396
1885151
- 0
- 0
- 0
(52593)
(52593)
(51423)
(42842)
- 0
- 0
09027
CIMARRON MUNICIPAL SCHOOLS
33888261
00934945
5334544
- 0
- 0
- 0
(148826)
(148826)
(145515)
(121234)
- 0
- 0
09028
MAXWELL MUNICIPAL SCHOOLS
15196104
00419246
2392105
- 0
- 0
- 0
(66736)
(66736)
(65252)
(54363)
- 0
- 0
09029
RATON PUBLIC SCHOOLS
80720720
02227009
12706714
- 0
- 0
- 0
(354499)
(354499)
(346612)
(288775)
- 0
- 0
09030
SPRINGER MUNICIPAL SCHOOLS
19298679
00532432
3037914
- 0
- 0
- 0
(84753)
(84753)
(82868)
(69040)
- 0
- 0
09150
HIGH PLAINS REGIONAL EDUCATIONAL COOP 3
12699970
00350380
1999174
- 0
- 0
- 0
(55774)
(55774)
(54533)
(45434)
- 0
- 0
09324
MORENO VALLEY HIGH SCHOOL
7446232
00205435
1172157
- 0
- 0
- 0
(32701)
(32701)
(31974)
(26639)
- 0
- 0
10032
SAN JON SCHOOLS
14631539
00403670
2303232
- 0
- 0
- 0
(64257)
(64257)
(62827)
(52344)
- 0
- 0
10033
TUCUMCARI PUBLIC SCHOOLS
74492978
02055191
11726367
- 0
- 0
- 0
(327149)
(327149)
(319870)
(266495)
- 0
- 0
10119
HOUSE MUNICIPAL SCHOOLS
14003541
00386345
2204381
- 0
- 0
- 0
(61499)
(61499)
(60131)
(50097)
- 0
- 0
10120
LOGAN MUNICIPAL SCHOOLS
25199979
00695244
3966875
- 0
- 0
- 0
(110670)
(110670)
(108208)
(90152)
- 0
- 0
10141
MESALANDS COMMUNITY COLLEGE
35425739
00977363
5576570
- 0
- 0
- 0
(155578)
(155578)
(152117)
(126734)
- 0
- 0
11034
ELIDA MUNICIPAL SCHOOLS
14152846
00390464
2227882
- 0
- 0
- 0
(62155)
(62155)
(60772)
(50631)
- 0
- 0
11035
PORTALES MUNICIPAL SCHOOLS
202486725
05586418
31874597
- 0
- 0
- 0
(889255)
(889255)
(869471)
(724387)
- 0
- 0
11101
EASTERN NEW MEXICO UNIVERSITY - PORTALES
321726936
08876143
50644883
- 0
- 0
- 0
(1412919)
(1412919)
(1381485)
(1150964)
- 0
- 0
11102
EASTERN NM UNIVERSITY - ROSWELL
132681232
03660550
20886113
- 0
- 0
- 0
(582692)
(582692)
(569729)
(474661)
- 0
- 0
11117
DORA CONSOLIDATED SCHOOLS
23215804
00640502
3654532
- 0
- 0
- 0
(101956)
(101956)
(99688)
(83053)
- 0
- 0
11118
FLOYD MUNICIPAL SCHOOLS
22040516
00608077
3469524
- 0
- 0
- 0
(96795)
(96795)
(94641)
(78849)
- 0
- 0
12037
LAS VEGAS CITY SCHOOLS
125424467
03460343
19743786
- 0
- 0
- 0
(550823)
(550823)
(538568)
(448700)
- 0
- 0
12038
WEST LAS VEGAS SCHOOLS
135571770
03740297
21341128
- 0
- 0
- 0
(595387)
(595387)
(582141)
(485002)
- 0
- 0
12039
PECOS INDEPENDENT SCHOOLS
57989889
01599886
9128519
- 0
- 0
- 0
(254673)
(254673)
(249007)
(207456)
- 0
- 0
12102
NEW MEXICO HIGHLANDS UNIVERSITY
293679047
08102328
46229703
- 0
- 0
- 0
(1289742)
(1289742)
(1261048)
(1050624)
- 0
- 0
12128
LUNA COMMUNITY COLLEGE
77802974
02146511
12247414
- 0
- 0
- 0
(341685)
(341685)
(334083)
(278337)
- 0
- 0
12150
PECOS VALLEY REC 8
6405772
00176729
1008368
- 0
- 0
- 0
(28132)
(28132)
(27506)
(22916)
- 0
- 0
12151
NORTHEAST REGIONAL EDUCATION COOP
7566786
00208760
1191128
- 0
- 0
- 0
(33231)
(33231)
(32491)
(27070)
- 0
- 0
13041
GALLUP MCKINLEY COUNTY SCHOOLS
874308315
24121343
137629890
- 0
- 0
- 0
(3839676)
(3839676)
(3754250)
(3127799)
- 0
- 0
13142
ZUNI PUBLIC SCHOOLS
130100988
03589364
20479945
- 0
- 0
- 0
(571361)
(571361)
(558649)
(465430)
- 0
- 0
13369
MIDDLE COLLEGE HIGH SCHOOL
5022305
00138561
790592
- 0
- 0
- 0
(22056)
(22056)
(21566)
(17967)
- 0
- 0
13430
UPLIFT COMMUNITY SCHOOL
8929543
00246358
1405652
- 0
- 0
- 0
(39216)
(39216)
(38343)
(31945)
- 0
- 0
14043
BELEN CONSOLIDATED SCHOOLS
282020844
07780689
44394517
- 0
- 0
- 0
(1238543)
(1238543)
(1210988)
(1008917)
- 0
- 0
14044
GRANTS-CIBOLA COUNTY SCHOOLS
270364497
07459102
42559628
- 0
- 0
- 0
(1187352)
(1187352)
(1160936)
(967217)
- 0
- 0
14045
LOS LUNAS SCHOOLS
516619864
14253055
81324095
- 0
- 0
- 0
(2268825)
(2268825)
(2218348)
(1848184)
- 0
- 0
14366
SCHOOL OF DREAMS ACADEMY
16804216
00463612
2645245
- 0
- 0
- 0
(73799)
(73799)
(72157)
(60116)
- 0
- 0
15046
ALAMOGORDO PUBLIC SCHOOLS
369877443
10204570
58224529
- 0
- 0
- 0
(1624380)
(1624380)
(1588241)
(1323220)
- 0
- 0
15047
CLOUDCROFT MUNICIPAL SCHOOLS
30771554
00848958
4843926
- 0
- 0
- 0
(135139)
(135139)
(132132)
(110084)
- 0
- 0
15049
TULAROSA MUNICIPAL SCHOOLS
68396924
01887007
10766754
- 0
- 0
- 0
(300377)
(300377)
(293694)
(244687)
- 0
- 0
15104
NEW MEXICO SCHOOL FT BLIND amp VISUALLY IMPAIRED
79976142
02206466
12589501
- 0
- 0
- 0
(351229)
(351229)
(343415)
(286111)
- 0
- 0
16050
AZTEC MUNICIPAL SCHOOLS
187894163
05183823
29577499
- 0
- 0
- 0
(825170)
(825170)
(806811)
(672183)
- 0
- 0
16051
BLOOMFIELD SCHOOLS
209183372
05771172
32928754
- 0
- 0
- 0
(918665)
(918665)
(898226)
(748344)
- 0
- 0
16052
FARMINGTON MUNICIPAL SCHOOLS
709808631
19582952
111735053
- 0
- 0
- 0
(3117247)
(3117247)
(3047894)
(2539308)
- 0
- 0
16053
CENTRAL CONSOLIDATED SCHOOLS
497242938
13718464
78273863
- 0
- 0
- 0
(2183728)
(2183728)
(2135144)
(1778864)
- 0
- 0
16155
SAN JUAN COLLEGE
372723272
10283084
58672509
- 0
- 0
- 0
(1636878)
(1636878)
(1600461)
(1333401)
- 0
- 0
16356
MOSAIC ACADEMY CHARTER
10488019
00289355
1650982
- 0
- 0
- 0
(46060)
(46060)
(45035)
(37520)
- 0
- 0
16357
CARINOS CHARTER SCHOOL
17209176
00474785
2708995
- 0
- 0
- 0
(75577)
(75577)
(73896)
(61565)
- 0
- 0
16358
NEW MEXICO VIRTUAL ACADEMY
8945064
00246786
1408094
- 0
- 0
- 0
(39284)
(39284)
(38410)
(32001)
- 0
- 0
17054
ESPANOLA PUBLIC SCHOOLS
260245590
07179931
40966754
- 0
- 0
- 0
(1142913)
(1142913)
(1117486)
(931017)
- 0
- 0
17105
NORTHERN NEW MEXICO COLLEGE
128311258
03539987
20198213
- 0
- 0
- 0
(563501)
(563501)
(550964)
(459028)
- 0
- 0
17115
DULCE INDEPENDENT SCHOOLS
63542017
01753064
10002511
- 0
- 0
- 0
(279056)
(279056)
(272847)
(227319)
- 0
- 0
17126
CHAMA VALLEY SCHOOLS
41127543
01134670
6474122
- 0
- 0
- 0
(180619)
(180619)
(176600)
(147132)
- 0
- 0
17127
MESA VISTA CONSOLIDATED SCHOOLS
36319862
01002031
5717319
- 0
- 0
- 0
(159505)
(159505)
(155956)
(129933)
- 0
- 0
17334
LINDRITH AREA HERITAGE SCHOOL
1999722
00055170
314785
- 0
- 0
- 0
(8782)
(8782)
(8587)
(7154)
- 0
- 0
17424
MC CURDY CHARTER SCHOOL
26341385
00726734
4146549
- 0
- 0
- 0
(115683)
(115683)
(113109)
(94235)
- 0
- 0
17425
LA TIERRA MONTESSORI SCHOOL
3636882
00100338
572502
- 0
- 0
- 0
(15972)
(15972)
(15617)
(13011)
- 0
- 0
18056
CLAYTON MUNICIPAL SCHOOLS
41375879
01141522
6513217
- 0
- 0
- 0
(181709)
(181709)
(177667)
(148020)
- 0
- 0
18057
DES MOINES MUNICIPAL SCHOOLS
12824909
00353827
2018842
- 0
- 0
- 0
(56323)
(56323)
(55070)
(45881)
- 0
- 0
19059
DEMING PUBLIC SCHOOLS
358423873
09888577
56421558
- 0
- 0
- 0
(1574080)
(1574080)
(1539060)
(1282245)
- 0
- 0
19301
DEMING CESAR CHAVEZ CHARTER HIGH SCHOOL
10654211
00293940
1677143
- 0
- 0
- 0
(46790)
(46790)
(45749)
(38115)
- 0
- 0
20060
PENASCO INDEPENDENT SCHOOLS
43124424
01189762
6788462
- 0
- 0
- 0
(189388)
(189388)
(185175)
(154276)
- 0
- 0
20062
TAOS MUNICIPAL SCHOOLS
185250055
05110875
29161277
- 0
- 0
- 0
(813558)
(813558)
(795458)
(662724)
- 0
- 0
20125
QUESTA INDEPENDENT SCHOOLS
53837543
01485327
8474876
- 0
- 0
- 0
(236437)
(236437)
(231177)
(192601)
- 0
- 0
20265
TAOS ACADEMY CHARTER SCHOOL
11325900
00312471
1782875
- 0
- 0
- 0
(49740)
(49740)
(48633)
(40518)
- 0
- 0
20266
La Jicarita Community School
2194276
00060538
345414
- 0
- 0
- 0
(9637)
(9637)
(9422)
(7850)
- 0
- 0
20307
TAOS CHARTER SCHOOL
10997820
00303419
1731227
- 0
- 0
- 0
(48299)
(48299)
(47224)
(39344)
- 0
- 0
20312
RED RIVER VALLEY CHARTER SCHOOLS
4685520
00129269
737574
- 0
- 0
- 0
(20577)
(20577)
(20119)
(16762)
- 0
- 0
20316
ANANSI CHARTER SCHOOL
8137027
00224493
1280897
- 0
- 0
- 0
(35735)
(35735)
(34940)
(29110)
- 0
- 0
20317
VISTA GRANDE HIGH SCHOOL
6300504
00173825
991799
- 0
- 0
- 0
(27670)
(27670)
(27054)
(22540)
- 0
- 0
20415
TAOS INTEGRATED SCHOOL OF THE ARTS
6209169
00171305
977420
- 0
- 0
- 0
(27269)
(27269)
(26662)
(22213)
- 0
- 0
21063
TRUTH OR CONSEQUENCES MUNICIPAL SCHOOLS
108041191
02980755
17007386
- 0
- 0
- 0
(474482)
(474482)
(463925)
(386513)
- 0
- 0
21150
SOUTHWEST REGIONAL ED COOPERATIVE 10
13050923
00360063
2054423
- 0
- 0
- 0
(57315)
(57315)
(56040)
(46689)
- 0
- 0
22065
ESTANCIA MUNICPAL SCHOOLS
61525804
01697439
9685130
- 0
- 0
- 0
(270201)
(270201)
(264190)
(220106)
- 0
- 0
22066
MORIARTY-EDGEWOOD SCHOOL DISTRICT
195971575
05406671
30849009
- 0
- 0
- 0
(860643)
(860643)
(841495)
(701079)
- 0
- 0
22067
MOUNTAINAIR PUBLIC SCHOOLS
25324156
00698670
3986423
- 0
- 0
- 0
(111215)
(111215)
(108741)
(90596)
- 0
- 0
22201
ESTANCIA VALLEY CLASSICAL ACADEMY
17772159
00490317
2797617
- 0
- 0
- 0
(78049)
(78049)
(76313)
(63579)
- 0
- 0
23070
LORDSBURG MUNICIPAL SCHOOLS
51096743
01409711
8043431
- 0
- 0
- 0
(224400)
(224400)
(219408)
(182796)
- 0
- 0
23121
ANIMAS PUBLIC SCHOOLS
19292757
00532269
3036984
- 0
- 0
- 0
(84727)
(84727)
(82842)
(69019)
- 0
- 0
24072
SANTA ROSA CONSOLIDATED SCHOOLS
56809634
01567324
8942729
- 0
- 0
- 0
(249489)
(249489)
(243939)
(203234)
- 0
- 0
24073
VAUGHN MUNICIPAL SCHOOLS
12288412
00339026
1934391
- 0
- 0
- 0
(53967)
(53967)
(52766)
(43961)
- 0
- 0
25075
MAGDELENA MUNICIPAL SCHOOLS
39388022
01086678
6200292
- 0
- 0
- 0
(172979)
(172979)
(169131)
(140909)
- 0
- 0
25076
SOCORRO CONSOLIDATED SCHOOLS
119743612
03303613
18849526
- 0
- 0
- 0
(525875)
(525875)
(514175)
(428377)
- 0
- 0
25106
NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY
472350274
13031699
74355367
- 0
- 0
- 0
(2074408)
(2074408)
(2028256)
(1689812)
- 0
- 0
25319
COTTONWOOD VALLEY CHARTER SCHOOLS
11134970
00307203
1752818
- 0
- 0
- 0
(48901)
(48901)
(47813)
(39835)
- 0
- 0
26077
CAPITAN MUNICIPAL SCHOOLS
35934847
00991409
5656713
- 0
- 0
- 0
(157814)
(157814)
(154303)
(128555)
- 0
- 0
26078
CARRIZOZO MUNICIPAL SCHOOLS
15641987
00431548
2462297
- 0
- 0
- 0
(68695)
(68695)
(67166)
(55959)
- 0
- 0
26079
CORONA PUBLIC SCHOOLS
13583697
00374761
2138285
- 0
- 0
- 0
(59655)
(59655)
(58328)
(48595)
- 0
- 0
26080
HONDO VALLEY PUBLIC SCHOOLS
16942484
00467427
2667013
- 0
- 0
- 0
(74406)
(74406)
(72750)
(60611)
- 0
- 0
26081
RUIDOSO MUNICIPAL SCHOOL DISTRICT
125672227
03467178
19782784
- 0
- 0
- 0
(551911)
(551911)
(539632)
(449587)
- 0
- 0
26150
REGION IX EDUCATIONAL COOPERATIVE
31729042
00875374
4994648
- 0
- 0
- 0
(139343)
(139343)
(136243)
(113509)
- 0
- 0
27083
FORT SUMNER MUNICIPAL SCHOOLS
30489477
00841176
4799524
- 0
- 0
- 0
(133900)
(133900)
(130921)
(109075)
- 0
- 0
28084
QUEMADO INDEPENDENT SCHOOLS
17595257
00485437
2769773
- 0
- 0
- 0
(77273)
(77273)
(75554)
(62946)
- 0
- 0
28085
RESERVE INDEPENDENT SCHOOLS
18999938
00524190
2990887
- 0
- 0
- 0
(83441)
(83441)
(81585)
(67971)
- 0
- 0
29086
BERNALILLO PUBLIC SCHOOLS
256481726
07076089
40374259
- 0
- 0
- 0
(1126384)
(1126384)
(1101324)
(917552)
- 0
- 0
29087
CUBA INDEPENDENT SCHOOLS
56653909
01563028
8918217
- 0
- 0
- 0
(248805)
(248805)
(243270)
(202677)
- 0
- 0
29088
JEMEZ VALLEY PUBLIC SCHOOLS
30896483
00852405
4863593
- 0
- 0
- 0
(135687)
(135687)
(132668)
(110531)
- 0
- 0
29122
JEMEZ MOUNTAIN SCHOOL DISTRICT
31276427
00862887
4923401
- 0
- 0
- 0
(137356)
(137356)
(134300)
(111890)
- 0
- 0
29123
RIO RANCHO PUBLIC SCHOOLS
1067726236
29457561
168076913
- 0
- 0
- 0
(4689104)
(4689104)
(4584780)
(3819742)
- 0
- 0
29150
NORTHWEST REGIONAL EDUCATION 2
4890736
00134931
769880
- 0
- 0
- 0
(21479)
(21479)
(21001)
(17496)
- 0
- 0
29305
SAN DIEGO RIVERSIDE CHARTER SCHOOL
6815857
00188043
1072923
- 0
- 0
- 0
(29933)
(29933)
(29267)
(24383)
- 0
- 0
29330
WALATOWA CHARTER HIGH SCHOOL
6020020
00166087
947648
- 0
- 0
- 0
(26438)
(26438)
(25850)
(21536)
- 0
- 0
29408
THE ASK ACADEMY
13515142
00372870
2127496
- 0
- 0
- 0
(59354)
(59354)
(58034)
(48350)
- 0
- 0
30089
MORA INDEPENDENT SCHOOLS
46556291
01284444
7328692
- 0
- 0
- 0
(204460)
(204460)
(199911)
(166553)
- 0
- 0
30090
WAGON MOUND PUBLIC SCHOOLS
15846572
00437192
2494500
- 0
- 0
- 0
(69593)
(69593)
(68045)
(56690)
- 0
- 0
31091
MOSQUERO MUNICIPAL SCHOOLS
8360043
00230646
1316004
- 0
- 0
- 0
(36715)
(36715)
(35898)
(29908)
- 0
- 0
31092
ROY MUNICIPAL SCHOOLS
9840797
00271498
1549095
- 0
- 0
- 0
(43218)
(43218)
(42256)
(35205)
- 0
- 0
32093
LOS ALAMOS PUBLIC SCHOOLS
313613561
08652303
49367712
- 0
- 0
- 0
(1377288)
(1377288)
(1346646)
(1121938)
- 0
- 0
36246253697
1000000000
5705730817
- 0
- 0
- 0
(159181664)
(159181664)
(155640186)
(129669335)
- 0
- 0
New Mexico Educational Retirement Board
Schedule of Collective Pension Amounts
As of and for the year ended June 30 2014
Net Pension Liability (775 Discount)
$ 5705730813
Net Pension Liability -- 100 Decrease (675 Discount)
$ 7763304829
Net Pension Liability -- 100 Increase (875 Discount)
$ 3987098791
Deferred Outflows of Resources
Differences Between Expected and Actual Experience
$ 0
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
0
Changes in Assumptions
0
Total Deferred Outflows of Resources Excluding Employer-Specific Amounts
$ 0
Deferred Inflows of Resources
Differences Between Expected and Actual Experience
$ 84995487
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
518677364
Changes inf Assumptions
0
Total Deferred Inflows of Resources Excluding Employer-Specific Amounts
$ 603672851
Pension Plan Expense
$ 395014052
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
11
GASB 68 Meanshellip New disclosures for employers
Now required to recognize and reporthellipbull proportionate share of the Planrsquos collective Net Pension Liabilitybull proportionate share of the Planrsquos pension expensebull Proportionate share of the Planrsquos deferred inflows and outflowsThese will be reported with a one-year lag
Now required to addhellipbull More disclosure notes discount rate measurement assumptions
deferred flowsbull Required Supplementary Information Schedules of net pension
liability over 10 years contributions and related ratios
12
What are ERBrsquos Options
Implementation Level Benefits Issues to Resolve1 Bargain Basement
Implement only GASB 67bull Low cost to ERB bull Employers uninformed
unstaffed for reportingbull Public image problems
2 Middle of the RoadProvide proportionate share schedules for Net Pension Liability pension expense amp deferred inflows outflows
bull NMERB meets employers halfway
bull NMERB minimizes audit responsibility
bull Member data is supplied by members
bull Who audits the allocation schedule
bull Employers still face new reporting challenges
3 Full Service PlanPrepare and disclose all calculations and disclosuresfor employers
bull Reduce employer work
bull Plan takes on more work
13
How to maximize ERBrsquos service today
bull Increase Communicationbull Leverage existing ERB website and employer portal
bull Email blasts to Employer accounting personnel bull Fact Sheet Handouts sample reporting examples newslettersbull Compliance Auditor (desk amp field audits)bull Meet with Employers in regional meetings across New Mexicobull Meet with State Auditor Public Education Department Higher
Education Departmentbull Share Real Information
bull Provide audited GASB 68 report and Required Supplementary Information to all employersbull Employer contribution reconciliationsbull Allocation schedules (Net Pension Liability Contributions
How ERB Will Help Employers with GASB 68 Disclosures
In FY15 ERB will provide all employers this audited informationbull Each employerrsquos share of the Net Pension Liability and change from
prior period (Pension Expense)bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries prior period adjustment for
NPL and language for financial statement disclosures may require customization
In FY16 and future years ERB will provide all employers this audited information
bull Each employerrsquos share of the change in Net Pension Liability (Pension Expense)
bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries and language for financial
statement disclosures may require customization
15
16
ERBrsquos Implementation Plan
bull Produce annual audited schedules engaging ERBrsquos actuary and auditor to provide an opinion onbull Employer Allocationsbull Collective Pension Amounts and Required Supplementary
Informationbull Schedules include detail information for employers financials
bull ERB will comply with AICPA best practices that will allow the employerrsquos auditor to rely on ERBrsquos auditorrsquos opinion on proportionate shares
bull Employers have responsibility to report accurate census data to ERBbull Employers assume responsibility for presentation of the information
used in their own financial statements
17
New Mexico Educational Retirement BoardSchedule of Collective Pension AmountsAs of and for the year ended June 30 2014
Net Pension Liability (775 Discount) 5705730813$ Net Pension Liability -- 100 Decrease (675 Discount) 7763304829$ Net Pension Liability -- 100 Increase (875 Discount) 3987098791$
Deferred Outflows of ResourcesDifferences Between Expected and Actual Experience 0$ Net Difference Between Projected and Actual Investment Earnings on Plan 0Changes in Assumptions 0Total Deferred Outflows of Resources Excluding Employer-Specific Amounts 0$
Deferred Inflows of ResourcesDifferences Between Expected and Actual Experience 84995487$ Net Difference Between Projected and Actual Investment Earnings on Plan Investments 518677364Changes inf Assumptions 0Total Deferred Inflows of Resources Excluding Employer-Specific Amounts 603672851$
Pension Plan Expense 395014052$
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
ERBrsquos GASB 68 Collective Amounts
68_Collective Info
68_Shares
18
19
20
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Notes to Financial StatementsSummary of Significant Accounting Policies Basis of Accounting For purposes of
measuring the net pension liability deferred outflows of resources and deferred inflows of resources related to pensions and pension expense information about the fiduciary net position of the ERB and additions todeductions from ERBrsquos fiduciary net position have been determined on the same basis as they are reported by ERB Plan For this purpose benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms Investments are reported at fair value
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense At June 30 2015 the University of ABC (UABC) reported a liability of $14910 for its proportionate share of the net pension liability The net pension liability was measured as of June 30 2015 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as June 30 2014 UABCrsquos proportion of the net pension liability was based on UABCrsquos contributions to ERB for the year ending June 30 2015 relative to the total contribution for all employers participating in ERB a projection of the long-term share of contributions to the pension plan relative to projected contributions of all participating school districts actuarially determined At June 30 2015 UABCrsquos proportion was XX percent which was an increase of XX percent from its proportion measured as of June 30 2014
Sample Employer GASB 68 Disclosures
21
Sample Employer GASB 68 Disclosureshellipcont
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense (Cont)For the year ended June 30 2015 UABC recognized pension expense of $2394 At June 30 2015 reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources
Payable to the Pension Plan At June 30 2015 UABC reported a payable of $5432 for the outstanding contributions to the pension plan required for the year ended June 30 2015
Deferred Outflowsof Resources
Deferred Inflowsof Resources
Differences between expected and actual experience $ 2657 $ 142
Changes of assumptions 1714 130
Net difference between projected and actual earnings on pension plan investments
- 2194
Changes in proportion and differences between UABC contributions and proportionate share of contributions
753 156
UABC contributions subsequent to the measurement date 1065 -
Total $ 6189 $ 2622
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Questions
22
Appendix A page 1ERB Actuarials at a Glance
23
Fiscal Year 63012 63013 63014 63014GASB 67
UAAL $62B $65B $63B $57B
Funded Ratio 607 601 631 669
Funding Period Infinite 951 years 421 years Not applicable
Funding Policy
Contribution1759 1747 1632 Not applicable
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
New Mexico Educational Retirement Board
Deferred Outflows
Deferred Inflows
Schedule of Employer-Specific Pension Amounts
of Resources
of Resources
Pension Expense
Subsequent Recognition of Deferred Amounts
As of and for the year ended June 30 2014
Net Amortization
of Deferred
Amounts from
Changes in
Changes in
Changes in
Proportion
Proportion
Proportion
and Differences
and Differences
and Differences
Between
Between
Between
Employer
Employer
Employer
Contributions
Contributions
Contributions
and Proportionate
and Proportionate
and Proportionate
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Net Pension Liability
Share of
Share of
Share of
Ending
Ending
Ending
Ending
Ending
ER Code
Employer Name
Contribution
Employer Allocation Percentage
(775 Discount)
Contributions
Contributions
Contributions
2015
2016
2017
2018
2019
Thereafter
01001
POJOAQUE VALLEY SCHOOLS
130138115
03590388
20485787
- 0
- 0
- 0
(571524)
(571524)
(558809)
(465563)
- 0
- 0
01002
SANTA FE PUBLIC SCHOOLS
903846552
24936275
142279673
- 0
- 0
- 0
(3969398)
(3969398)
(3881086)
(3233470)
- 0
- 0
01003
SANTA FE COMMUNITY COLLEGE
285623563
07880085
44961644
- 0
- 0
- 0
(1254365)
(1254365)
(1226458)
(1021805)
- 0
- 0
01094
NEW MEXICO SCHOOL FOR THE DEAF
55303678
01525776
8705667
- 0
- 0
- 0
(242876)
(242876)
(237472)
(197846)
- 0
- 0
01301
THE ACADEMY FOR TECHNOLOGY amp THE CLASSICS
22265370
00614281
3504922
- 0
- 0
- 0
(97782)
(97782)
(95607)
(79653)
- 0
- 0
01306
MONTE DEL SOL CHARTER SCHOOL
27346513
00754465
4304774
- 0
- 0
- 0
(120097)
(120097)
(117425)
(97831)
- 0
- 0
01315
TURQUOISE TRAIL CHARTER SCHOOL
29690099
00819122
4673690
- 0
- 0
- 0
(130389)
(130389)
(127488)
(106215)
- 0
- 0
01341
STATE OF NEW MEXICO
121504115
03352184
19126660
- 0
- 0
- 0
(533606)
(533606)
(521735)
(434675)
- 0
- 0
01343
TIERRA ENCANTADA CHARTER SCHOOL
18916878
00521899
2977815
- 0
- 0
- 0
(83077)
(83077)
(81228)
(67674)
- 0
- 0
01398
THE MASTERS PROGRAM
11557405
00318858
1819318
- 0
- 0
- 0
(50756)
(50756)
(49627)
(41346)
- 0
- 0
01416
NEW MEXICO SCHOOL FOR THE ARTS
14899946
00411075
2345483
- 0
- 0
- 0
(65436)
(65436)
(63980)
(53304)
- 0
- 0
01418
New Mexico Connections Academy
10201256
00281443
1605838
- 0
- 0
- 0
(44801)
(44801)
(43804)
(36495)
- 0
- 0
02003
ALBUQUERQUE PUBLIC SCHOOLS
6164408173
170070218
970374883
- 0
- 0
- 0
(27072060)
(27072060)
(26469760)
(22052893)
- 0
- 0
02095
UNIVERSITY OF NEW MEXICO
5918270140
163279499
931628869
- 0
- 0
- 0
(25991102)
(25991102)
(25412851)
(21172345)
- 0
- 0
02123
CENTRAL NEW MEXICO COMMUNITY COLLEGE
965367901
26633591
151964101
- 0
- 0
- 0
(4239579)
(4239579)
(4145257)
(3453560)
- 0
- 0
02148
NEW MEXICO ACTIVITIES ASSOCIATION
13674332
00377262
2152555
- 0
- 0
- 0
(60053)
(60053)
(58717)
(48919)
- 0
- 0
02150
CENTRAL REGIONAL EDUCATION COOP
32918525
00908191
5181893
- 0
- 0
- 0
(144567)
(144567)
(141351)
(117765)
- 0
- 0
02295
UNIVERSITY HOSPITALS
38915116
01073631
6125849
- 0
- 0
- 0
(170902)
(170902)
(167100)
(139217)
- 0
- 0
02303
AMY BIEHL HIGH SCHOOL
24086383
00664521
3791578
- 0
- 0
- 0
(105780)
(105780)
(103426)
(86168)
- 0
- 0
02304
EAST MOUNTAIN HIGH SCHOOL
24508244
00676159
3857981
- 0
- 0
- 0
(107632)
(107632)
(105238)
(87677)
- 0
- 0
02308
TWENTY-FIRST CENTURY PUBLIC ACADEMY
10638203
00293498
1674621
- 0
- 0
- 0
(46720)
(46720)
(45680)
(38058)
- 0
- 0
02309
SOUTH VALLEY ACADEMY
27055891
00746447
4259026
- 0
- 0
- 0
(118821)
(118821)
(116177)
(96791)
- 0
- 0
02310
SOUTHWEST SECONDARY LEARNING CENTER
12754266
00351878
2007721
- 0
- 0
- 0
(56013)
(56013)
(54766)
(45628)
- 0
- 0
02311
NUESTROS VALORES CHARTER SCHOOL
8467810
00233619
1332967
- 0
- 0
- 0
(37188)
(37188)
(36361)
(30293)
- 0
- 0
02313
ROOTS AND WINGS COMMUNITY SCHOOL
3195446
00088159
503012
- 0
- 0
- 0
(14033)
(14033)
(13721)
(11432)
- 0
- 0
02314
THE LEARNING COMMUNITY CHARTER
12127601
00334589
1909075
- 0
- 0
- 0
(53260)
(53260)
(52075)
(43386)
- 0
- 0
02318
ROBERT F KENNEDY CHARTER SCHOOL
19636783
00541760
3091137
- 0
- 0
- 0
(86238)
(86238)
(84320)
(70250)
- 0
- 0
02320
PUBLIC ACADEMY FOR PERFORMING ARTS
22952684
00633243
3613114
- 0
- 0
- 0
(100801)
(100801)
(98558)
(82112)
- 0
- 0
02322
LOS PUENTES CHARTER SCHOOL
15963339
00440413
2512878
- 0
- 0
- 0
(70106)
(70106)
(68546)
(57108)
- 0
- 0
02323
EL CAMINO REAL ACADEMY
25600416
00706291
4029906
- 0
- 0
- 0
(112429)
(112429)
(109927)
(91584)
- 0
- 0
02327
HORIZON ACADEMY WEST
22209646
00612743
3496147
- 0
- 0
- 0
(97537)
(97537)
(95367)
(79454)
- 0
- 0
02328
NORTH VALLEY ACADEMY
21177733
00584274
3333710
- 0
- 0
- 0
(93006)
(93006)
(90937)
(75762)
- 0
- 0
02329
LA ACADEMIA DE ESPERANZA
32216102
00888812
5071322
- 0
- 0
- 0
(141483)
(141483)
(138335)
(115252)
- 0
- 0
02331
LA ACADEMIA DE LENGUA Y CULTURA
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02334
MONTESSORI OF THE RIO GRANDE CHARTER SCHOOL
13170269
00363355
2073206
- 0
- 0
- 0
(57839)
(57839)
(56553)
(47116)
- 0
- 0
02336
CESAR CHAVEZ COMMUNITY SCHOOL
13344118
00368152
2100576
- 0
- 0
- 0
(58603)
(58603)
(57299)
(47738)
- 0
- 0
02338
CREATIVE EDUCATION PREPARATORY INSTITUTE 1
13923018
00384123
2191702
- 0
- 0
- 0
(61145)
(61145)
(59785)
(49809)
- 0
- 0
02339
GILBERT L SENA CHARTER HIGH SCHOOL
13971841
00385470
2199388
- 0
- 0
- 0
(61360)
(61360)
(59995)
(49984)
- 0
- 0
02340
SCHOOL FOR INTEGRATED ACADEMICS amp TECHNOLOGIES
17385947
00479662
2736822
- 0
- 0
- 0
(76353)
(76353)
(74655)
(62197)
- 0
- 0
02341
ALB INSTITUTE FOR MATH AND SCIENCE UNM
17455816
00481590
2747823
- 0
- 0
- 0
(76660)
(76660)
(74955)
(62447)
- 0
- 0
02342
MOUNTAIN MAHOGONY COMMUNITY
11336352
00312759
1784519
- 0
- 0
- 0
(49785)
(49785)
(48678)
(40555)
- 0
- 0
02343
LA PROMESA EARLY LEARNING
22284215
00614801
3507889
- 0
- 0
- 0
(97865)
(97865)
(95688)
(79721)
- 0
- 0
02344
ACADEMY OF TRADES AND TECHNOLOGY (YOUTH BUILD CO)
9306534
00256759
1464998
- 0
- 0
- 0
(40871)
(40871)
(39962)
(33294)
- 0
- 0
02345
SOUTHWEST INTERMEDIATE LEARNING CTR (LA LUZ DEL M)
6003345
00165627
945023
- 0
- 0
- 0
(26365)
(26365)
(25778)
(21477)
- 0
- 0
02346
SOUTHWEST PRIMARY LEARNING CENTER
6508031
00179550
1024464
- 0
- 0
- 0
(28581)
(28581)
(27945)
(23282)
- 0
- 0
02350
DIGITAL ARTS AND TECHNOLOGY ACADEMY
18276643
00504235
2877029
- 0
- 0
- 0
(80265)
(80265)
(78479)
(65384)
- 0
- 0
02351
THE MONTESSORI ELEMENTARY SCHOOL
15956095
00440214
2511743
- 0
- 0
- 0
(70074)
(70074)
(68515)
(57082)
- 0
- 0
02353
CHRISTINE DUNCANS HERITAGE ACADEMY
11567894
00319147
1820967
- 0
- 0
- 0
(50802)
(50802)
(49672)
(41384)
- 0
- 0
02354
NATIVE AMERICAN COMMUNITY ACADEMY
24618203
00679193
3875292
- 0
- 0
- 0
(108115)
(108115)
(105710)
(88071)
- 0
- 0
02355
RALPH J BUNCHE ACADEMY
5170362
00142645
813894
- 0
- 0
- 0
(22706)
(22706)
(22201)
(18497)
- 0
- 0
02356
ALICE KING COMMUNITY SCHOOL(N ALB COOP C C)
15945481
00439921
2510071
- 0
- 0
- 0
(70027)
(70027)
(68469)
(57044)
- 0
- 0
02357
LA RESOLANA LEADERSHIP ACADEMY
5266902
00145309
829094
- 0
- 0
- 0
(23131)
(23131)
(22616)
(18842)
- 0
- 0
02358
VILLAGE ACADEMY CHARTER SCHOOL
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02360
BATAAN MILITARY ACADEMY
9938807
00274202
1564523
- 0
- 0
- 0
(43648)
(43648)
(42677)
(35556)
- 0
- 0
02361
ALBUQUERQUE TALENT DEVELOPMENT SECONDARY CHARTER
11434102
00315456
1799907
- 0
- 0
- 0
(50215)
(50215)
(49098)
(40905)
- 0
- 0
02362
GORDON BERNELL CHARTER SCHOOL
32236740
00889381
5074569
- 0
- 0
- 0
(141573)
(141573)
(138423)
(115325)
- 0
- 0
02363
CORRALES INTERNATIONAL SCHOOL
17491523
00482575
2753443
- 0
- 0
- 0
(76817)
(76817)
(75108)
(62575)
- 0
- 0
02364
COTTONWOOD CLASSICAL PREP SCHOOL
27174715
00749725
4277729
- 0
- 0
- 0
(119342)
(119342)
(116687)
(97216)
- 0
- 0
02365
MEDIA ARTS COLLABORATIVE CHARTER SCHOOL
12988950
00358353
2044666
- 0
- 0
- 0
(57043)
(57043)
(55774)
(46467)
- 0
- 0
02366
THE NEW AMERICA SCHOOL
15162026
00418306
2386741
- 0
- 0
- 0
(66587)
(66587)
(65105)
(54241)
- 0
- 0
02367
CIEN AGUAS INTERNATIONAL SCHOOL
16645455
00459232
2620254
- 0
- 0
- 0
(73101)
(73101)
(71475)
(59548)
- 0
- 0
02368
THE INTERNATIONAL SCH AT MESA DEL SOL
15953529
00440143
2511337
- 0
- 0
- 0
(70063)
(70063)
(68504)
(57073)
- 0
- 0
02370
TIERRA ADENTRO OF NEW MEXICO
14574532
00402098
2294263
- 0
- 0
- 0
(64007)
(64007)
(62583)
(52140)
- 0
- 0
02390
ACE LEADERSHIP HIGH SCHOOL
21477933
00592556
3380965
- 0
- 0
- 0
(94324)
(94324)
(92226)
(76836)
- 0
- 0
02396
SOUTH VALLEY PREPARATORY SCHOOL
9352262
00258020
1472193
- 0
- 0
- 0
(41072)
(41072)
(40158)
(33457)
- 0
- 0
02402
ALBUQUERQUE SIGN LANGUAGE ACADEMY
12136863
00334845
1910535
- 0
- 0
- 0
(53301)
(53301)
(52115)
(43419)
- 0
- 0
02412
ALBUQUERQUE SCHOOL OF EXCELLENCE
12941978
00357057
2037271
- 0
- 0
- 0
(56837)
(56837)
(55572)
(46299)
- 0
- 0
02413
THE GREAT ACADEMY
9104631
00251188
1433211
- 0
- 0
- 0
(39985)
(39985)
(39095)
(32571)
- 0
- 0
02414
THE NEW MEXICO INTERNATIONAL SCHOOL
9093315
00250876
1431431
- 0
- 0
- 0
(39935)
(39935)
(39046)
(32531)
- 0
- 0
02417
WILLIAM W amp JOSEPHINE DORN CHARTER COMMUNITY SCHOO
2499702
00068964
393490
- 0
- 0
- 0
(10978)
(10978)
(10734)
(8943)
- 0
- 0
02418
SAGE MONTESSORI CHARTER SCHOOL
7486288
00206540
1178462
- 0
- 0
- 0
(32877)
(32877)
(32146)
(26782)
- 0
- 0
02420
SOUTHWEST AERONAUTICS MATH amp SCIENCE ACADEMY
9312685
00256928
1465962
- 0
- 0
- 0
(40898)
(40898)
(39988)
(33316)
- 0
- 0
02421
CORAL COMMUNITY CHARTER SCHOOL
5518744
00152257
868737
- 0
- 0
- 0
(24237)
(24237)
(23697)
(19743)
- 0
- 0
02425
MISSION ACHIEVEMENT AND SUCCESS CHARTER SCHOOL
15952839
00440124
2511229
- 0
- 0
- 0
(70060)
(70060)
(68501)
(57071)
- 0
- 0
02430
Health Leadership Community School
9697716
00267551
1526574
- 0
- 0
- 0
(42589)
(42589)
(41642)
(34693)
- 0
- 0
03004
ARTESIA PUBLIC SCHOOLS
249203786
06875298
39228600
- 0
- 0
- 0
(1094421)
(1094421)
(1070073)
(891515)
- 0
- 0
03005
CARLSBAD MUNICIPAL SCHOOLS
457710863
12627812
72050896
- 0
- 0
- 0
(2010116)
(2010116)
(1965395)
(1637440)
- 0
- 0
03006
LOVING MUNICIPAL SCHOOLS
45366532
01251620
7141407
- 0
- 0
- 0
(199235)
(199235)
(194802)
(162297)
- 0
- 0
03321
JEFFERSON MONTESSORI ACADEMY
14230129
00392596
2240047
- 0
- 0
- 0
(62494)
(62494)
(61104)
(50908)
- 0
- 0
04008
DEXTER CONSOLIDATED SCHOOLS
74126962
02045093
11668750
- 0
- 0
- 0
(325541)
(325541)
(318299)
(265186)
- 0
- 0
04009
HAGERMAN MUNICIPAL SCHOOLS
35432505
00977549
5577631
- 0
- 0
- 0
(155608)
(155608)
(152146)
(126758)
- 0
- 0
04010
LAKE ARTHUR MUNICIPAL SCHOOLS
13637822
00376255
2146810
- 0
- 0
- 0
(59893)
(59893)
(58560)
(48789)
- 0
- 0
04011
ROSWELL INDEPENDENT SCHOOLS
615946152
16993374
96959618
- 0
- 0
- 0
(2705034)
(2705034)
(2644852)
(2203520)
- 0
- 0
04097
NEW MEXICO MILITARY INSTITUTE
168542271
04649923
26531209
- 0
- 0
- 0
(740182)
(740182)
(723715)
(602952)
- 0
- 0
04317
SIDNEY GUTIERREZ MIDDLE SCHOOL
4080477
00112577
642334
- 0
- 0
- 0
(17920)
(17920)
(17522)
(14598)
- 0
- 0
05011
CLOVIS COMMUNITY COLLEGE
91114505
02513763
14342855
- 0
- 0
- 0
(400145)
(400145)
(391243)
(325958)
- 0
- 0
05012
CLOVIS MUNICIPAL SCHOOLS
529906737
14619628
83415662
- 0
- 0
- 0
(2327177)
(2327177)
(2275402)
(1895717)
- 0
- 0
05013
GRADY MUNICIPAL SCHOOLS
13422095
00370303
2112849
- 0
- 0
- 0
(58945)
(58945)
(57634)
(48017)
- 0
- 0
05014
MELROSE SCHOOLS
20092869
00554343
3162932
- 0
- 0
- 0
(88241)
(88241)
(86278)
(71881)
- 0
- 0
05015
TEXICO MUNICIPAL SCHOOLS
46844881
01292406
7374121
- 0
- 0
- 0
(205727)
(205727)
(201150)
(167585)
- 0
- 0
05016
REGIONAL EDUCATIONAL CENTER 6
8833229
00243700
1390487
- 0
- 0
- 0
(38793)
(38793)
(37930)
(31600)
- 0
- 0
06016
EUNICE PUBLIC SCHOOLS
47356967
01306534
7454731
- 0
- 0
- 0
(207976)
(207976)
(203349)
(169417)
- 0
- 0
06017
HOBBS MUNICIPAL SCHOOLS
528484026
14580377
83191706
- 0
- 0
- 0
(2320929)
(2320929)
(2269293)
(1890628)
- 0
- 0
06018
JAL PUBLIC SCHOOLS
34332805
00947210
5404525
- 0
- 0
- 0
(150778)
(150778)
(147424)
(122824)
- 0
- 0
06019
LOVINGTON MUNICIPAL SCHOOLS
228661774
06308563
35994962
- 0
- 0
- 0
(1004208)
(1004208)
(981866)
(818027)
- 0
- 0
06020
TATUM MUNICIPAL SCHOOLS
32371140
00893089
5095725
- 0
- 0
- 0
(142163)
(142163)
(139001)
(115806)
- 0
- 0
06124
NEW MEXICO JUNIOR COLLEGE
143512547
03959376
22591134
- 0
- 0
- 0
(630260)
(630260)
(616238)
(513410)
- 0
- 0
06150
REGIONAL EDUCATIONAL COOP 7
2672852
00073741
420746
- 0
- 0
- 0
(11738)
(11738)
(11477)
(9562)
- 0
- 0
07021
GADSDEN INDEPENDENT SCHOOLS
954445594
26332255
150244759
- 0
- 0
- 0
(4191612)
(4191612)
(4098357)
(3414486)
- 0
- 0
07022
HATCH VALLEY PUBLIC SCHOOLS
101411144
02797838
15963710
- 0
- 0
- 0
(445365)
(445365)
(435456)
(362794)
- 0
- 0
07023
LAS CRUCES PUBLIC SCHOOLS
1700239556
46908008
267644467
- 0
- 0
- 0
(7466895)
(7466895)
(7300771)
(6082530)
- 0
- 0
07098
NEW MEXICO STATE UNIVERSITY
2740590573
75610313
431412093
- 0
- 0
- 0
(12035775)
(12035775)
(11768003)
(9804339)
- 0
- 0
07335
ALMA DARTE CHARTER HIGH SCHOOL
14804322
00408437
2330432
- 0
- 0
- 0
(65016)
(65016)
(63569)
(52962)
- 0
- 0
07337
LA ACADEMIA DOLORES HUERTA
9581137
00264335
1508224
- 0
- 0
- 0
(42077)
(42077)
(41141)
(34276)
- 0
- 0
07338
LAS MONTANAS CHARTER HIGH SCHOOL
14737236
00406586
2319870
- 0
- 0
- 0
(64721)
(64721)
(63281)
(52722)
- 0
- 0
07339
ANTHONY CHARTER SCHOOL
5217470
00143945
821311
- 0
- 0
- 0
(22913)
(22913)
(22404)
(18665)
- 0
- 0
07420
J PAUL TAYLOR ACADEMY
10921121
00301303
1719154
- 0
- 0
- 0
(47962)
(47962)
(46895)
(39070)
- 0
- 0
07421
NEW AMERICA SCHOOL-LAS CRUCES
12850101
00354522
2022807
- 0
- 0
- 0
(56433)
(56433)
(55178)
(45971)
- 0
- 0
08024
COBRE CONSOLIDATED SCHOOLS
107900060
02976861
16985168
- 0
- 0
- 0
(473862)
(473862)
(463319)
(386008)
- 0
- 0
08026
SILVER CONSOLIDATED SCHOOLS
223923812
06177847
35249132
- 0
- 0
- 0
(983400)
(983400)
(961521)
(801077)
- 0
- 0
08099
WESTERN NEW MEXICO UNIVERSITY
228493287
06303915
35968442
- 0
- 0
- 0
(1003468)
(1003468)
(981142)
(817424)
- 0
- 0
08347
ALDO LEOPOLD HIGH SCHOOL
11975600
00330396
1885151
- 0
- 0
- 0
(52593)
(52593)
(51423)
(42842)
- 0
- 0
09027
CIMARRON MUNICIPAL SCHOOLS
33888261
00934945
5334544
- 0
- 0
- 0
(148826)
(148826)
(145515)
(121234)
- 0
- 0
09028
MAXWELL MUNICIPAL SCHOOLS
15196104
00419246
2392105
- 0
- 0
- 0
(66736)
(66736)
(65252)
(54363)
- 0
- 0
09029
RATON PUBLIC SCHOOLS
80720720
02227009
12706714
- 0
- 0
- 0
(354499)
(354499)
(346612)
(288775)
- 0
- 0
09030
SPRINGER MUNICIPAL SCHOOLS
19298679
00532432
3037914
- 0
- 0
- 0
(84753)
(84753)
(82868)
(69040)
- 0
- 0
09150
HIGH PLAINS REGIONAL EDUCATIONAL COOP 3
12699970
00350380
1999174
- 0
- 0
- 0
(55774)
(55774)
(54533)
(45434)
- 0
- 0
09324
MORENO VALLEY HIGH SCHOOL
7446232
00205435
1172157
- 0
- 0
- 0
(32701)
(32701)
(31974)
(26639)
- 0
- 0
10032
SAN JON SCHOOLS
14631539
00403670
2303232
- 0
- 0
- 0
(64257)
(64257)
(62827)
(52344)
- 0
- 0
10033
TUCUMCARI PUBLIC SCHOOLS
74492978
02055191
11726367
- 0
- 0
- 0
(327149)
(327149)
(319870)
(266495)
- 0
- 0
10119
HOUSE MUNICIPAL SCHOOLS
14003541
00386345
2204381
- 0
- 0
- 0
(61499)
(61499)
(60131)
(50097)
- 0
- 0
10120
LOGAN MUNICIPAL SCHOOLS
25199979
00695244
3966875
- 0
- 0
- 0
(110670)
(110670)
(108208)
(90152)
- 0
- 0
10141
MESALANDS COMMUNITY COLLEGE
35425739
00977363
5576570
- 0
- 0
- 0
(155578)
(155578)
(152117)
(126734)
- 0
- 0
11034
ELIDA MUNICIPAL SCHOOLS
14152846
00390464
2227882
- 0
- 0
- 0
(62155)
(62155)
(60772)
(50631)
- 0
- 0
11035
PORTALES MUNICIPAL SCHOOLS
202486725
05586418
31874597
- 0
- 0
- 0
(889255)
(889255)
(869471)
(724387)
- 0
- 0
11101
EASTERN NEW MEXICO UNIVERSITY - PORTALES
321726936
08876143
50644883
- 0
- 0
- 0
(1412919)
(1412919)
(1381485)
(1150964)
- 0
- 0
11102
EASTERN NM UNIVERSITY - ROSWELL
132681232
03660550
20886113
- 0
- 0
- 0
(582692)
(582692)
(569729)
(474661)
- 0
- 0
11117
DORA CONSOLIDATED SCHOOLS
23215804
00640502
3654532
- 0
- 0
- 0
(101956)
(101956)
(99688)
(83053)
- 0
- 0
11118
FLOYD MUNICIPAL SCHOOLS
22040516
00608077
3469524
- 0
- 0
- 0
(96795)
(96795)
(94641)
(78849)
- 0
- 0
12037
LAS VEGAS CITY SCHOOLS
125424467
03460343
19743786
- 0
- 0
- 0
(550823)
(550823)
(538568)
(448700)
- 0
- 0
12038
WEST LAS VEGAS SCHOOLS
135571770
03740297
21341128
- 0
- 0
- 0
(595387)
(595387)
(582141)
(485002)
- 0
- 0
12039
PECOS INDEPENDENT SCHOOLS
57989889
01599886
9128519
- 0
- 0
- 0
(254673)
(254673)
(249007)
(207456)
- 0
- 0
12102
NEW MEXICO HIGHLANDS UNIVERSITY
293679047
08102328
46229703
- 0
- 0
- 0
(1289742)
(1289742)
(1261048)
(1050624)
- 0
- 0
12128
LUNA COMMUNITY COLLEGE
77802974
02146511
12247414
- 0
- 0
- 0
(341685)
(341685)
(334083)
(278337)
- 0
- 0
12150
PECOS VALLEY REC 8
6405772
00176729
1008368
- 0
- 0
- 0
(28132)
(28132)
(27506)
(22916)
- 0
- 0
12151
NORTHEAST REGIONAL EDUCATION COOP
7566786
00208760
1191128
- 0
- 0
- 0
(33231)
(33231)
(32491)
(27070)
- 0
- 0
13041
GALLUP MCKINLEY COUNTY SCHOOLS
874308315
24121343
137629890
- 0
- 0
- 0
(3839676)
(3839676)
(3754250)
(3127799)
- 0
- 0
13142
ZUNI PUBLIC SCHOOLS
130100988
03589364
20479945
- 0
- 0
- 0
(571361)
(571361)
(558649)
(465430)
- 0
- 0
13369
MIDDLE COLLEGE HIGH SCHOOL
5022305
00138561
790592
- 0
- 0
- 0
(22056)
(22056)
(21566)
(17967)
- 0
- 0
13430
UPLIFT COMMUNITY SCHOOL
8929543
00246358
1405652
- 0
- 0
- 0
(39216)
(39216)
(38343)
(31945)
- 0
- 0
14043
BELEN CONSOLIDATED SCHOOLS
282020844
07780689
44394517
- 0
- 0
- 0
(1238543)
(1238543)
(1210988)
(1008917)
- 0
- 0
14044
GRANTS-CIBOLA COUNTY SCHOOLS
270364497
07459102
42559628
- 0
- 0
- 0
(1187352)
(1187352)
(1160936)
(967217)
- 0
- 0
14045
LOS LUNAS SCHOOLS
516619864
14253055
81324095
- 0
- 0
- 0
(2268825)
(2268825)
(2218348)
(1848184)
- 0
- 0
14366
SCHOOL OF DREAMS ACADEMY
16804216
00463612
2645245
- 0
- 0
- 0
(73799)
(73799)
(72157)
(60116)
- 0
- 0
15046
ALAMOGORDO PUBLIC SCHOOLS
369877443
10204570
58224529
- 0
- 0
- 0
(1624380)
(1624380)
(1588241)
(1323220)
- 0
- 0
15047
CLOUDCROFT MUNICIPAL SCHOOLS
30771554
00848958
4843926
- 0
- 0
- 0
(135139)
(135139)
(132132)
(110084)
- 0
- 0
15049
TULAROSA MUNICIPAL SCHOOLS
68396924
01887007
10766754
- 0
- 0
- 0
(300377)
(300377)
(293694)
(244687)
- 0
- 0
15104
NEW MEXICO SCHOOL FT BLIND amp VISUALLY IMPAIRED
79976142
02206466
12589501
- 0
- 0
- 0
(351229)
(351229)
(343415)
(286111)
- 0
- 0
16050
AZTEC MUNICIPAL SCHOOLS
187894163
05183823
29577499
- 0
- 0
- 0
(825170)
(825170)
(806811)
(672183)
- 0
- 0
16051
BLOOMFIELD SCHOOLS
209183372
05771172
32928754
- 0
- 0
- 0
(918665)
(918665)
(898226)
(748344)
- 0
- 0
16052
FARMINGTON MUNICIPAL SCHOOLS
709808631
19582952
111735053
- 0
- 0
- 0
(3117247)
(3117247)
(3047894)
(2539308)
- 0
- 0
16053
CENTRAL CONSOLIDATED SCHOOLS
497242938
13718464
78273863
- 0
- 0
- 0
(2183728)
(2183728)
(2135144)
(1778864)
- 0
- 0
16155
SAN JUAN COLLEGE
372723272
10283084
58672509
- 0
- 0
- 0
(1636878)
(1636878)
(1600461)
(1333401)
- 0
- 0
16356
MOSAIC ACADEMY CHARTER
10488019
00289355
1650982
- 0
- 0
- 0
(46060)
(46060)
(45035)
(37520)
- 0
- 0
16357
CARINOS CHARTER SCHOOL
17209176
00474785
2708995
- 0
- 0
- 0
(75577)
(75577)
(73896)
(61565)
- 0
- 0
16358
NEW MEXICO VIRTUAL ACADEMY
8945064
00246786
1408094
- 0
- 0
- 0
(39284)
(39284)
(38410)
(32001)
- 0
- 0
17054
ESPANOLA PUBLIC SCHOOLS
260245590
07179931
40966754
- 0
- 0
- 0
(1142913)
(1142913)
(1117486)
(931017)
- 0
- 0
17105
NORTHERN NEW MEXICO COLLEGE
128311258
03539987
20198213
- 0
- 0
- 0
(563501)
(563501)
(550964)
(459028)
- 0
- 0
17115
DULCE INDEPENDENT SCHOOLS
63542017
01753064
10002511
- 0
- 0
- 0
(279056)
(279056)
(272847)
(227319)
- 0
- 0
17126
CHAMA VALLEY SCHOOLS
41127543
01134670
6474122
- 0
- 0
- 0
(180619)
(180619)
(176600)
(147132)
- 0
- 0
17127
MESA VISTA CONSOLIDATED SCHOOLS
36319862
01002031
5717319
- 0
- 0
- 0
(159505)
(159505)
(155956)
(129933)
- 0
- 0
17334
LINDRITH AREA HERITAGE SCHOOL
1999722
00055170
314785
- 0
- 0
- 0
(8782)
(8782)
(8587)
(7154)
- 0
- 0
17424
MC CURDY CHARTER SCHOOL
26341385
00726734
4146549
- 0
- 0
- 0
(115683)
(115683)
(113109)
(94235)
- 0
- 0
17425
LA TIERRA MONTESSORI SCHOOL
3636882
00100338
572502
- 0
- 0
- 0
(15972)
(15972)
(15617)
(13011)
- 0
- 0
18056
CLAYTON MUNICIPAL SCHOOLS
41375879
01141522
6513217
- 0
- 0
- 0
(181709)
(181709)
(177667)
(148020)
- 0
- 0
18057
DES MOINES MUNICIPAL SCHOOLS
12824909
00353827
2018842
- 0
- 0
- 0
(56323)
(56323)
(55070)
(45881)
- 0
- 0
19059
DEMING PUBLIC SCHOOLS
358423873
09888577
56421558
- 0
- 0
- 0
(1574080)
(1574080)
(1539060)
(1282245)
- 0
- 0
19301
DEMING CESAR CHAVEZ CHARTER HIGH SCHOOL
10654211
00293940
1677143
- 0
- 0
- 0
(46790)
(46790)
(45749)
(38115)
- 0
- 0
20060
PENASCO INDEPENDENT SCHOOLS
43124424
01189762
6788462
- 0
- 0
- 0
(189388)
(189388)
(185175)
(154276)
- 0
- 0
20062
TAOS MUNICIPAL SCHOOLS
185250055
05110875
29161277
- 0
- 0
- 0
(813558)
(813558)
(795458)
(662724)
- 0
- 0
20125
QUESTA INDEPENDENT SCHOOLS
53837543
01485327
8474876
- 0
- 0
- 0
(236437)
(236437)
(231177)
(192601)
- 0
- 0
20265
TAOS ACADEMY CHARTER SCHOOL
11325900
00312471
1782875
- 0
- 0
- 0
(49740)
(49740)
(48633)
(40518)
- 0
- 0
20266
La Jicarita Community School
2194276
00060538
345414
- 0
- 0
- 0
(9637)
(9637)
(9422)
(7850)
- 0
- 0
20307
TAOS CHARTER SCHOOL
10997820
00303419
1731227
- 0
- 0
- 0
(48299)
(48299)
(47224)
(39344)
- 0
- 0
20312
RED RIVER VALLEY CHARTER SCHOOLS
4685520
00129269
737574
- 0
- 0
- 0
(20577)
(20577)
(20119)
(16762)
- 0
- 0
20316
ANANSI CHARTER SCHOOL
8137027
00224493
1280897
- 0
- 0
- 0
(35735)
(35735)
(34940)
(29110)
- 0
- 0
20317
VISTA GRANDE HIGH SCHOOL
6300504
00173825
991799
- 0
- 0
- 0
(27670)
(27670)
(27054)
(22540)
- 0
- 0
20415
TAOS INTEGRATED SCHOOL OF THE ARTS
6209169
00171305
977420
- 0
- 0
- 0
(27269)
(27269)
(26662)
(22213)
- 0
- 0
21063
TRUTH OR CONSEQUENCES MUNICIPAL SCHOOLS
108041191
02980755
17007386
- 0
- 0
- 0
(474482)
(474482)
(463925)
(386513)
- 0
- 0
21150
SOUTHWEST REGIONAL ED COOPERATIVE 10
13050923
00360063
2054423
- 0
- 0
- 0
(57315)
(57315)
(56040)
(46689)
- 0
- 0
22065
ESTANCIA MUNICPAL SCHOOLS
61525804
01697439
9685130
- 0
- 0
- 0
(270201)
(270201)
(264190)
(220106)
- 0
- 0
22066
MORIARTY-EDGEWOOD SCHOOL DISTRICT
195971575
05406671
30849009
- 0
- 0
- 0
(860643)
(860643)
(841495)
(701079)
- 0
- 0
22067
MOUNTAINAIR PUBLIC SCHOOLS
25324156
00698670
3986423
- 0
- 0
- 0
(111215)
(111215)
(108741)
(90596)
- 0
- 0
22201
ESTANCIA VALLEY CLASSICAL ACADEMY
17772159
00490317
2797617
- 0
- 0
- 0
(78049)
(78049)
(76313)
(63579)
- 0
- 0
23070
LORDSBURG MUNICIPAL SCHOOLS
51096743
01409711
8043431
- 0
- 0
- 0
(224400)
(224400)
(219408)
(182796)
- 0
- 0
23121
ANIMAS PUBLIC SCHOOLS
19292757
00532269
3036984
- 0
- 0
- 0
(84727)
(84727)
(82842)
(69019)
- 0
- 0
24072
SANTA ROSA CONSOLIDATED SCHOOLS
56809634
01567324
8942729
- 0
- 0
- 0
(249489)
(249489)
(243939)
(203234)
- 0
- 0
24073
VAUGHN MUNICIPAL SCHOOLS
12288412
00339026
1934391
- 0
- 0
- 0
(53967)
(53967)
(52766)
(43961)
- 0
- 0
25075
MAGDELENA MUNICIPAL SCHOOLS
39388022
01086678
6200292
- 0
- 0
- 0
(172979)
(172979)
(169131)
(140909)
- 0
- 0
25076
SOCORRO CONSOLIDATED SCHOOLS
119743612
03303613
18849526
- 0
- 0
- 0
(525875)
(525875)
(514175)
(428377)
- 0
- 0
25106
NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY
472350274
13031699
74355367
- 0
- 0
- 0
(2074408)
(2074408)
(2028256)
(1689812)
- 0
- 0
25319
COTTONWOOD VALLEY CHARTER SCHOOLS
11134970
00307203
1752818
- 0
- 0
- 0
(48901)
(48901)
(47813)
(39835)
- 0
- 0
26077
CAPITAN MUNICIPAL SCHOOLS
35934847
00991409
5656713
- 0
- 0
- 0
(157814)
(157814)
(154303)
(128555)
- 0
- 0
26078
CARRIZOZO MUNICIPAL SCHOOLS
15641987
00431548
2462297
- 0
- 0
- 0
(68695)
(68695)
(67166)
(55959)
- 0
- 0
26079
CORONA PUBLIC SCHOOLS
13583697
00374761
2138285
- 0
- 0
- 0
(59655)
(59655)
(58328)
(48595)
- 0
- 0
26080
HONDO VALLEY PUBLIC SCHOOLS
16942484
00467427
2667013
- 0
- 0
- 0
(74406)
(74406)
(72750)
(60611)
- 0
- 0
26081
RUIDOSO MUNICIPAL SCHOOL DISTRICT
125672227
03467178
19782784
- 0
- 0
- 0
(551911)
(551911)
(539632)
(449587)
- 0
- 0
26150
REGION IX EDUCATIONAL COOPERATIVE
31729042
00875374
4994648
- 0
- 0
- 0
(139343)
(139343)
(136243)
(113509)
- 0
- 0
27083
FORT SUMNER MUNICIPAL SCHOOLS
30489477
00841176
4799524
- 0
- 0
- 0
(133900)
(133900)
(130921)
(109075)
- 0
- 0
28084
QUEMADO INDEPENDENT SCHOOLS
17595257
00485437
2769773
- 0
- 0
- 0
(77273)
(77273)
(75554)
(62946)
- 0
- 0
28085
RESERVE INDEPENDENT SCHOOLS
18999938
00524190
2990887
- 0
- 0
- 0
(83441)
(83441)
(81585)
(67971)
- 0
- 0
29086
BERNALILLO PUBLIC SCHOOLS
256481726
07076089
40374259
- 0
- 0
- 0
(1126384)
(1126384)
(1101324)
(917552)
- 0
- 0
29087
CUBA INDEPENDENT SCHOOLS
56653909
01563028
8918217
- 0
- 0
- 0
(248805)
(248805)
(243270)
(202677)
- 0
- 0
29088
JEMEZ VALLEY PUBLIC SCHOOLS
30896483
00852405
4863593
- 0
- 0
- 0
(135687)
(135687)
(132668)
(110531)
- 0
- 0
29122
JEMEZ MOUNTAIN SCHOOL DISTRICT
31276427
00862887
4923401
- 0
- 0
- 0
(137356)
(137356)
(134300)
(111890)
- 0
- 0
29123
RIO RANCHO PUBLIC SCHOOLS
1067726236
29457561
168076913
- 0
- 0
- 0
(4689104)
(4689104)
(4584780)
(3819742)
- 0
- 0
29150
NORTHWEST REGIONAL EDUCATION 2
4890736
00134931
769880
- 0
- 0
- 0
(21479)
(21479)
(21001)
(17496)
- 0
- 0
29305
SAN DIEGO RIVERSIDE CHARTER SCHOOL
6815857
00188043
1072923
- 0
- 0
- 0
(29933)
(29933)
(29267)
(24383)
- 0
- 0
29330
WALATOWA CHARTER HIGH SCHOOL
6020020
00166087
947648
- 0
- 0
- 0
(26438)
(26438)
(25850)
(21536)
- 0
- 0
29408
THE ASK ACADEMY
13515142
00372870
2127496
- 0
- 0
- 0
(59354)
(59354)
(58034)
(48350)
- 0
- 0
30089
MORA INDEPENDENT SCHOOLS
46556291
01284444
7328692
- 0
- 0
- 0
(204460)
(204460)
(199911)
(166553)
- 0
- 0
30090
WAGON MOUND PUBLIC SCHOOLS
15846572
00437192
2494500
- 0
- 0
- 0
(69593)
(69593)
(68045)
(56690)
- 0
- 0
31091
MOSQUERO MUNICIPAL SCHOOLS
8360043
00230646
1316004
- 0
- 0
- 0
(36715)
(36715)
(35898)
(29908)
- 0
- 0
31092
ROY MUNICIPAL SCHOOLS
9840797
00271498
1549095
- 0
- 0
- 0
(43218)
(43218)
(42256)
(35205)
- 0
- 0
32093
LOS ALAMOS PUBLIC SCHOOLS
313613561
08652303
49367712
- 0
- 0
- 0
(1377288)
(1377288)
(1346646)
(1121938)
- 0
- 0
36246253697
1000000000
5705730817
- 0
- 0
- 0
(159181664)
(159181664)
(155640186)
(129669335)
- 0
- 0
New Mexico Educational Retirement Board
Schedule of Collective Pension Amounts
As of and for the year ended June 30 2014
Net Pension Liability (775 Discount)
$ 5705730813
Net Pension Liability -- 100 Decrease (675 Discount)
$ 7763304829
Net Pension Liability -- 100 Increase (875 Discount)
$ 3987098791
Deferred Outflows of Resources
Differences Between Expected and Actual Experience
$ 0
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
0
Changes in Assumptions
0
Total Deferred Outflows of Resources Excluding Employer-Specific Amounts
$ 0
Deferred Inflows of Resources
Differences Between Expected and Actual Experience
$ 84995487
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
518677364
Changes inf Assumptions
0
Total Deferred Inflows of Resources Excluding Employer-Specific Amounts
$ 603672851
Pension Plan Expense
$ 395014052
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
12
What are ERBrsquos Options
Implementation Level Benefits Issues to Resolve1 Bargain Basement
Implement only GASB 67bull Low cost to ERB bull Employers uninformed
unstaffed for reportingbull Public image problems
2 Middle of the RoadProvide proportionate share schedules for Net Pension Liability pension expense amp deferred inflows outflows
bull NMERB meets employers halfway
bull NMERB minimizes audit responsibility
bull Member data is supplied by members
bull Who audits the allocation schedule
bull Employers still face new reporting challenges
3 Full Service PlanPrepare and disclose all calculations and disclosuresfor employers
bull Reduce employer work
bull Plan takes on more work
13
How to maximize ERBrsquos service today
bull Increase Communicationbull Leverage existing ERB website and employer portal
bull Email blasts to Employer accounting personnel bull Fact Sheet Handouts sample reporting examples newslettersbull Compliance Auditor (desk amp field audits)bull Meet with Employers in regional meetings across New Mexicobull Meet with State Auditor Public Education Department Higher
Education Departmentbull Share Real Information
bull Provide audited GASB 68 report and Required Supplementary Information to all employersbull Employer contribution reconciliationsbull Allocation schedules (Net Pension Liability Contributions
How ERB Will Help Employers with GASB 68 Disclosures
In FY15 ERB will provide all employers this audited informationbull Each employerrsquos share of the Net Pension Liability and change from
prior period (Pension Expense)bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries prior period adjustment for
NPL and language for financial statement disclosures may require customization
In FY16 and future years ERB will provide all employers this audited information
bull Each employerrsquos share of the change in Net Pension Liability (Pension Expense)
bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries and language for financial
statement disclosures may require customization
15
16
ERBrsquos Implementation Plan
bull Produce annual audited schedules engaging ERBrsquos actuary and auditor to provide an opinion onbull Employer Allocationsbull Collective Pension Amounts and Required Supplementary
Informationbull Schedules include detail information for employers financials
bull ERB will comply with AICPA best practices that will allow the employerrsquos auditor to rely on ERBrsquos auditorrsquos opinion on proportionate shares
bull Employers have responsibility to report accurate census data to ERBbull Employers assume responsibility for presentation of the information
used in their own financial statements
17
New Mexico Educational Retirement BoardSchedule of Collective Pension AmountsAs of and for the year ended June 30 2014
Net Pension Liability (775 Discount) 5705730813$ Net Pension Liability -- 100 Decrease (675 Discount) 7763304829$ Net Pension Liability -- 100 Increase (875 Discount) 3987098791$
Deferred Outflows of ResourcesDifferences Between Expected and Actual Experience 0$ Net Difference Between Projected and Actual Investment Earnings on Plan 0Changes in Assumptions 0Total Deferred Outflows of Resources Excluding Employer-Specific Amounts 0$
Deferred Inflows of ResourcesDifferences Between Expected and Actual Experience 84995487$ Net Difference Between Projected and Actual Investment Earnings on Plan Investments 518677364Changes inf Assumptions 0Total Deferred Inflows of Resources Excluding Employer-Specific Amounts 603672851$
Pension Plan Expense 395014052$
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
ERBrsquos GASB 68 Collective Amounts
68_Collective Info
68_Shares
18
19
20
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Notes to Financial StatementsSummary of Significant Accounting Policies Basis of Accounting For purposes of
measuring the net pension liability deferred outflows of resources and deferred inflows of resources related to pensions and pension expense information about the fiduciary net position of the ERB and additions todeductions from ERBrsquos fiduciary net position have been determined on the same basis as they are reported by ERB Plan For this purpose benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms Investments are reported at fair value
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense At June 30 2015 the University of ABC (UABC) reported a liability of $14910 for its proportionate share of the net pension liability The net pension liability was measured as of June 30 2015 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as June 30 2014 UABCrsquos proportion of the net pension liability was based on UABCrsquos contributions to ERB for the year ending June 30 2015 relative to the total contribution for all employers participating in ERB a projection of the long-term share of contributions to the pension plan relative to projected contributions of all participating school districts actuarially determined At June 30 2015 UABCrsquos proportion was XX percent which was an increase of XX percent from its proportion measured as of June 30 2014
Sample Employer GASB 68 Disclosures
21
Sample Employer GASB 68 Disclosureshellipcont
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense (Cont)For the year ended June 30 2015 UABC recognized pension expense of $2394 At June 30 2015 reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources
Payable to the Pension Plan At June 30 2015 UABC reported a payable of $5432 for the outstanding contributions to the pension plan required for the year ended June 30 2015
Deferred Outflowsof Resources
Deferred Inflowsof Resources
Differences between expected and actual experience $ 2657 $ 142
Changes of assumptions 1714 130
Net difference between projected and actual earnings on pension plan investments
- 2194
Changes in proportion and differences between UABC contributions and proportionate share of contributions
753 156
UABC contributions subsequent to the measurement date 1065 -
Total $ 6189 $ 2622
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Questions
22
Appendix A page 1ERB Actuarials at a Glance
23
Fiscal Year 63012 63013 63014 63014GASB 67
UAAL $62B $65B $63B $57B
Funded Ratio 607 601 631 669
Funding Period Infinite 951 years 421 years Not applicable
Funding Policy
Contribution1759 1747 1632 Not applicable
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
New Mexico Educational Retirement Board
Deferred Outflows
Deferred Inflows
Schedule of Employer-Specific Pension Amounts
of Resources
of Resources
Pension Expense
Subsequent Recognition of Deferred Amounts
As of and for the year ended June 30 2014
Net Amortization
of Deferred
Amounts from
Changes in
Changes in
Changes in
Proportion
Proportion
Proportion
and Differences
and Differences
and Differences
Between
Between
Between
Employer
Employer
Employer
Contributions
Contributions
Contributions
and Proportionate
and Proportionate
and Proportionate
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Net Pension Liability
Share of
Share of
Share of
Ending
Ending
Ending
Ending
Ending
ER Code
Employer Name
Contribution
Employer Allocation Percentage
(775 Discount)
Contributions
Contributions
Contributions
2015
2016
2017
2018
2019
Thereafter
01001
POJOAQUE VALLEY SCHOOLS
130138115
03590388
20485787
- 0
- 0
- 0
(571524)
(571524)
(558809)
(465563)
- 0
- 0
01002
SANTA FE PUBLIC SCHOOLS
903846552
24936275
142279673
- 0
- 0
- 0
(3969398)
(3969398)
(3881086)
(3233470)
- 0
- 0
01003
SANTA FE COMMUNITY COLLEGE
285623563
07880085
44961644
- 0
- 0
- 0
(1254365)
(1254365)
(1226458)
(1021805)
- 0
- 0
01094
NEW MEXICO SCHOOL FOR THE DEAF
55303678
01525776
8705667
- 0
- 0
- 0
(242876)
(242876)
(237472)
(197846)
- 0
- 0
01301
THE ACADEMY FOR TECHNOLOGY amp THE CLASSICS
22265370
00614281
3504922
- 0
- 0
- 0
(97782)
(97782)
(95607)
(79653)
- 0
- 0
01306
MONTE DEL SOL CHARTER SCHOOL
27346513
00754465
4304774
- 0
- 0
- 0
(120097)
(120097)
(117425)
(97831)
- 0
- 0
01315
TURQUOISE TRAIL CHARTER SCHOOL
29690099
00819122
4673690
- 0
- 0
- 0
(130389)
(130389)
(127488)
(106215)
- 0
- 0
01341
STATE OF NEW MEXICO
121504115
03352184
19126660
- 0
- 0
- 0
(533606)
(533606)
(521735)
(434675)
- 0
- 0
01343
TIERRA ENCANTADA CHARTER SCHOOL
18916878
00521899
2977815
- 0
- 0
- 0
(83077)
(83077)
(81228)
(67674)
- 0
- 0
01398
THE MASTERS PROGRAM
11557405
00318858
1819318
- 0
- 0
- 0
(50756)
(50756)
(49627)
(41346)
- 0
- 0
01416
NEW MEXICO SCHOOL FOR THE ARTS
14899946
00411075
2345483
- 0
- 0
- 0
(65436)
(65436)
(63980)
(53304)
- 0
- 0
01418
New Mexico Connections Academy
10201256
00281443
1605838
- 0
- 0
- 0
(44801)
(44801)
(43804)
(36495)
- 0
- 0
02003
ALBUQUERQUE PUBLIC SCHOOLS
6164408173
170070218
970374883
- 0
- 0
- 0
(27072060)
(27072060)
(26469760)
(22052893)
- 0
- 0
02095
UNIVERSITY OF NEW MEXICO
5918270140
163279499
931628869
- 0
- 0
- 0
(25991102)
(25991102)
(25412851)
(21172345)
- 0
- 0
02123
CENTRAL NEW MEXICO COMMUNITY COLLEGE
965367901
26633591
151964101
- 0
- 0
- 0
(4239579)
(4239579)
(4145257)
(3453560)
- 0
- 0
02148
NEW MEXICO ACTIVITIES ASSOCIATION
13674332
00377262
2152555
- 0
- 0
- 0
(60053)
(60053)
(58717)
(48919)
- 0
- 0
02150
CENTRAL REGIONAL EDUCATION COOP
32918525
00908191
5181893
- 0
- 0
- 0
(144567)
(144567)
(141351)
(117765)
- 0
- 0
02295
UNIVERSITY HOSPITALS
38915116
01073631
6125849
- 0
- 0
- 0
(170902)
(170902)
(167100)
(139217)
- 0
- 0
02303
AMY BIEHL HIGH SCHOOL
24086383
00664521
3791578
- 0
- 0
- 0
(105780)
(105780)
(103426)
(86168)
- 0
- 0
02304
EAST MOUNTAIN HIGH SCHOOL
24508244
00676159
3857981
- 0
- 0
- 0
(107632)
(107632)
(105238)
(87677)
- 0
- 0
02308
TWENTY-FIRST CENTURY PUBLIC ACADEMY
10638203
00293498
1674621
- 0
- 0
- 0
(46720)
(46720)
(45680)
(38058)
- 0
- 0
02309
SOUTH VALLEY ACADEMY
27055891
00746447
4259026
- 0
- 0
- 0
(118821)
(118821)
(116177)
(96791)
- 0
- 0
02310
SOUTHWEST SECONDARY LEARNING CENTER
12754266
00351878
2007721
- 0
- 0
- 0
(56013)
(56013)
(54766)
(45628)
- 0
- 0
02311
NUESTROS VALORES CHARTER SCHOOL
8467810
00233619
1332967
- 0
- 0
- 0
(37188)
(37188)
(36361)
(30293)
- 0
- 0
02313
ROOTS AND WINGS COMMUNITY SCHOOL
3195446
00088159
503012
- 0
- 0
- 0
(14033)
(14033)
(13721)
(11432)
- 0
- 0
02314
THE LEARNING COMMUNITY CHARTER
12127601
00334589
1909075
- 0
- 0
- 0
(53260)
(53260)
(52075)
(43386)
- 0
- 0
02318
ROBERT F KENNEDY CHARTER SCHOOL
19636783
00541760
3091137
- 0
- 0
- 0
(86238)
(86238)
(84320)
(70250)
- 0
- 0
02320
PUBLIC ACADEMY FOR PERFORMING ARTS
22952684
00633243
3613114
- 0
- 0
- 0
(100801)
(100801)
(98558)
(82112)
- 0
- 0
02322
LOS PUENTES CHARTER SCHOOL
15963339
00440413
2512878
- 0
- 0
- 0
(70106)
(70106)
(68546)
(57108)
- 0
- 0
02323
EL CAMINO REAL ACADEMY
25600416
00706291
4029906
- 0
- 0
- 0
(112429)
(112429)
(109927)
(91584)
- 0
- 0
02327
HORIZON ACADEMY WEST
22209646
00612743
3496147
- 0
- 0
- 0
(97537)
(97537)
(95367)
(79454)
- 0
- 0
02328
NORTH VALLEY ACADEMY
21177733
00584274
3333710
- 0
- 0
- 0
(93006)
(93006)
(90937)
(75762)
- 0
- 0
02329
LA ACADEMIA DE ESPERANZA
32216102
00888812
5071322
- 0
- 0
- 0
(141483)
(141483)
(138335)
(115252)
- 0
- 0
02331
LA ACADEMIA DE LENGUA Y CULTURA
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02334
MONTESSORI OF THE RIO GRANDE CHARTER SCHOOL
13170269
00363355
2073206
- 0
- 0
- 0
(57839)
(57839)
(56553)
(47116)
- 0
- 0
02336
CESAR CHAVEZ COMMUNITY SCHOOL
13344118
00368152
2100576
- 0
- 0
- 0
(58603)
(58603)
(57299)
(47738)
- 0
- 0
02338
CREATIVE EDUCATION PREPARATORY INSTITUTE 1
13923018
00384123
2191702
- 0
- 0
- 0
(61145)
(61145)
(59785)
(49809)
- 0
- 0
02339
GILBERT L SENA CHARTER HIGH SCHOOL
13971841
00385470
2199388
- 0
- 0
- 0
(61360)
(61360)
(59995)
(49984)
- 0
- 0
02340
SCHOOL FOR INTEGRATED ACADEMICS amp TECHNOLOGIES
17385947
00479662
2736822
- 0
- 0
- 0
(76353)
(76353)
(74655)
(62197)
- 0
- 0
02341
ALB INSTITUTE FOR MATH AND SCIENCE UNM
17455816
00481590
2747823
- 0
- 0
- 0
(76660)
(76660)
(74955)
(62447)
- 0
- 0
02342
MOUNTAIN MAHOGONY COMMUNITY
11336352
00312759
1784519
- 0
- 0
- 0
(49785)
(49785)
(48678)
(40555)
- 0
- 0
02343
LA PROMESA EARLY LEARNING
22284215
00614801
3507889
- 0
- 0
- 0
(97865)
(97865)
(95688)
(79721)
- 0
- 0
02344
ACADEMY OF TRADES AND TECHNOLOGY (YOUTH BUILD CO)
9306534
00256759
1464998
- 0
- 0
- 0
(40871)
(40871)
(39962)
(33294)
- 0
- 0
02345
SOUTHWEST INTERMEDIATE LEARNING CTR (LA LUZ DEL M)
6003345
00165627
945023
- 0
- 0
- 0
(26365)
(26365)
(25778)
(21477)
- 0
- 0
02346
SOUTHWEST PRIMARY LEARNING CENTER
6508031
00179550
1024464
- 0
- 0
- 0
(28581)
(28581)
(27945)
(23282)
- 0
- 0
02350
DIGITAL ARTS AND TECHNOLOGY ACADEMY
18276643
00504235
2877029
- 0
- 0
- 0
(80265)
(80265)
(78479)
(65384)
- 0
- 0
02351
THE MONTESSORI ELEMENTARY SCHOOL
15956095
00440214
2511743
- 0
- 0
- 0
(70074)
(70074)
(68515)
(57082)
- 0
- 0
02353
CHRISTINE DUNCANS HERITAGE ACADEMY
11567894
00319147
1820967
- 0
- 0
- 0
(50802)
(50802)
(49672)
(41384)
- 0
- 0
02354
NATIVE AMERICAN COMMUNITY ACADEMY
24618203
00679193
3875292
- 0
- 0
- 0
(108115)
(108115)
(105710)
(88071)
- 0
- 0
02355
RALPH J BUNCHE ACADEMY
5170362
00142645
813894
- 0
- 0
- 0
(22706)
(22706)
(22201)
(18497)
- 0
- 0
02356
ALICE KING COMMUNITY SCHOOL(N ALB COOP C C)
15945481
00439921
2510071
- 0
- 0
- 0
(70027)
(70027)
(68469)
(57044)
- 0
- 0
02357
LA RESOLANA LEADERSHIP ACADEMY
5266902
00145309
829094
- 0
- 0
- 0
(23131)
(23131)
(22616)
(18842)
- 0
- 0
02358
VILLAGE ACADEMY CHARTER SCHOOL
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02360
BATAAN MILITARY ACADEMY
9938807
00274202
1564523
- 0
- 0
- 0
(43648)
(43648)
(42677)
(35556)
- 0
- 0
02361
ALBUQUERQUE TALENT DEVELOPMENT SECONDARY CHARTER
11434102
00315456
1799907
- 0
- 0
- 0
(50215)
(50215)
(49098)
(40905)
- 0
- 0
02362
GORDON BERNELL CHARTER SCHOOL
32236740
00889381
5074569
- 0
- 0
- 0
(141573)
(141573)
(138423)
(115325)
- 0
- 0
02363
CORRALES INTERNATIONAL SCHOOL
17491523
00482575
2753443
- 0
- 0
- 0
(76817)
(76817)
(75108)
(62575)
- 0
- 0
02364
COTTONWOOD CLASSICAL PREP SCHOOL
27174715
00749725
4277729
- 0
- 0
- 0
(119342)
(119342)
(116687)
(97216)
- 0
- 0
02365
MEDIA ARTS COLLABORATIVE CHARTER SCHOOL
12988950
00358353
2044666
- 0
- 0
- 0
(57043)
(57043)
(55774)
(46467)
- 0
- 0
02366
THE NEW AMERICA SCHOOL
15162026
00418306
2386741
- 0
- 0
- 0
(66587)
(66587)
(65105)
(54241)
- 0
- 0
02367
CIEN AGUAS INTERNATIONAL SCHOOL
16645455
00459232
2620254
- 0
- 0
- 0
(73101)
(73101)
(71475)
(59548)
- 0
- 0
02368
THE INTERNATIONAL SCH AT MESA DEL SOL
15953529
00440143
2511337
- 0
- 0
- 0
(70063)
(70063)
(68504)
(57073)
- 0
- 0
02370
TIERRA ADENTRO OF NEW MEXICO
14574532
00402098
2294263
- 0
- 0
- 0
(64007)
(64007)
(62583)
(52140)
- 0
- 0
02390
ACE LEADERSHIP HIGH SCHOOL
21477933
00592556
3380965
- 0
- 0
- 0
(94324)
(94324)
(92226)
(76836)
- 0
- 0
02396
SOUTH VALLEY PREPARATORY SCHOOL
9352262
00258020
1472193
- 0
- 0
- 0
(41072)
(41072)
(40158)
(33457)
- 0
- 0
02402
ALBUQUERQUE SIGN LANGUAGE ACADEMY
12136863
00334845
1910535
- 0
- 0
- 0
(53301)
(53301)
(52115)
(43419)
- 0
- 0
02412
ALBUQUERQUE SCHOOL OF EXCELLENCE
12941978
00357057
2037271
- 0
- 0
- 0
(56837)
(56837)
(55572)
(46299)
- 0
- 0
02413
THE GREAT ACADEMY
9104631
00251188
1433211
- 0
- 0
- 0
(39985)
(39985)
(39095)
(32571)
- 0
- 0
02414
THE NEW MEXICO INTERNATIONAL SCHOOL
9093315
00250876
1431431
- 0
- 0
- 0
(39935)
(39935)
(39046)
(32531)
- 0
- 0
02417
WILLIAM W amp JOSEPHINE DORN CHARTER COMMUNITY SCHOO
2499702
00068964
393490
- 0
- 0
- 0
(10978)
(10978)
(10734)
(8943)
- 0
- 0
02418
SAGE MONTESSORI CHARTER SCHOOL
7486288
00206540
1178462
- 0
- 0
- 0
(32877)
(32877)
(32146)
(26782)
- 0
- 0
02420
SOUTHWEST AERONAUTICS MATH amp SCIENCE ACADEMY
9312685
00256928
1465962
- 0
- 0
- 0
(40898)
(40898)
(39988)
(33316)
- 0
- 0
02421
CORAL COMMUNITY CHARTER SCHOOL
5518744
00152257
868737
- 0
- 0
- 0
(24237)
(24237)
(23697)
(19743)
- 0
- 0
02425
MISSION ACHIEVEMENT AND SUCCESS CHARTER SCHOOL
15952839
00440124
2511229
- 0
- 0
- 0
(70060)
(70060)
(68501)
(57071)
- 0
- 0
02430
Health Leadership Community School
9697716
00267551
1526574
- 0
- 0
- 0
(42589)
(42589)
(41642)
(34693)
- 0
- 0
03004
ARTESIA PUBLIC SCHOOLS
249203786
06875298
39228600
- 0
- 0
- 0
(1094421)
(1094421)
(1070073)
(891515)
- 0
- 0
03005
CARLSBAD MUNICIPAL SCHOOLS
457710863
12627812
72050896
- 0
- 0
- 0
(2010116)
(2010116)
(1965395)
(1637440)
- 0
- 0
03006
LOVING MUNICIPAL SCHOOLS
45366532
01251620
7141407
- 0
- 0
- 0
(199235)
(199235)
(194802)
(162297)
- 0
- 0
03321
JEFFERSON MONTESSORI ACADEMY
14230129
00392596
2240047
- 0
- 0
- 0
(62494)
(62494)
(61104)
(50908)
- 0
- 0
04008
DEXTER CONSOLIDATED SCHOOLS
74126962
02045093
11668750
- 0
- 0
- 0
(325541)
(325541)
(318299)
(265186)
- 0
- 0
04009
HAGERMAN MUNICIPAL SCHOOLS
35432505
00977549
5577631
- 0
- 0
- 0
(155608)
(155608)
(152146)
(126758)
- 0
- 0
04010
LAKE ARTHUR MUNICIPAL SCHOOLS
13637822
00376255
2146810
- 0
- 0
- 0
(59893)
(59893)
(58560)
(48789)
- 0
- 0
04011
ROSWELL INDEPENDENT SCHOOLS
615946152
16993374
96959618
- 0
- 0
- 0
(2705034)
(2705034)
(2644852)
(2203520)
- 0
- 0
04097
NEW MEXICO MILITARY INSTITUTE
168542271
04649923
26531209
- 0
- 0
- 0
(740182)
(740182)
(723715)
(602952)
- 0
- 0
04317
SIDNEY GUTIERREZ MIDDLE SCHOOL
4080477
00112577
642334
- 0
- 0
- 0
(17920)
(17920)
(17522)
(14598)
- 0
- 0
05011
CLOVIS COMMUNITY COLLEGE
91114505
02513763
14342855
- 0
- 0
- 0
(400145)
(400145)
(391243)
(325958)
- 0
- 0
05012
CLOVIS MUNICIPAL SCHOOLS
529906737
14619628
83415662
- 0
- 0
- 0
(2327177)
(2327177)
(2275402)
(1895717)
- 0
- 0
05013
GRADY MUNICIPAL SCHOOLS
13422095
00370303
2112849
- 0
- 0
- 0
(58945)
(58945)
(57634)
(48017)
- 0
- 0
05014
MELROSE SCHOOLS
20092869
00554343
3162932
- 0
- 0
- 0
(88241)
(88241)
(86278)
(71881)
- 0
- 0
05015
TEXICO MUNICIPAL SCHOOLS
46844881
01292406
7374121
- 0
- 0
- 0
(205727)
(205727)
(201150)
(167585)
- 0
- 0
05016
REGIONAL EDUCATIONAL CENTER 6
8833229
00243700
1390487
- 0
- 0
- 0
(38793)
(38793)
(37930)
(31600)
- 0
- 0
06016
EUNICE PUBLIC SCHOOLS
47356967
01306534
7454731
- 0
- 0
- 0
(207976)
(207976)
(203349)
(169417)
- 0
- 0
06017
HOBBS MUNICIPAL SCHOOLS
528484026
14580377
83191706
- 0
- 0
- 0
(2320929)
(2320929)
(2269293)
(1890628)
- 0
- 0
06018
JAL PUBLIC SCHOOLS
34332805
00947210
5404525
- 0
- 0
- 0
(150778)
(150778)
(147424)
(122824)
- 0
- 0
06019
LOVINGTON MUNICIPAL SCHOOLS
228661774
06308563
35994962
- 0
- 0
- 0
(1004208)
(1004208)
(981866)
(818027)
- 0
- 0
06020
TATUM MUNICIPAL SCHOOLS
32371140
00893089
5095725
- 0
- 0
- 0
(142163)
(142163)
(139001)
(115806)
- 0
- 0
06124
NEW MEXICO JUNIOR COLLEGE
143512547
03959376
22591134
- 0
- 0
- 0
(630260)
(630260)
(616238)
(513410)
- 0
- 0
06150
REGIONAL EDUCATIONAL COOP 7
2672852
00073741
420746
- 0
- 0
- 0
(11738)
(11738)
(11477)
(9562)
- 0
- 0
07021
GADSDEN INDEPENDENT SCHOOLS
954445594
26332255
150244759
- 0
- 0
- 0
(4191612)
(4191612)
(4098357)
(3414486)
- 0
- 0
07022
HATCH VALLEY PUBLIC SCHOOLS
101411144
02797838
15963710
- 0
- 0
- 0
(445365)
(445365)
(435456)
(362794)
- 0
- 0
07023
LAS CRUCES PUBLIC SCHOOLS
1700239556
46908008
267644467
- 0
- 0
- 0
(7466895)
(7466895)
(7300771)
(6082530)
- 0
- 0
07098
NEW MEXICO STATE UNIVERSITY
2740590573
75610313
431412093
- 0
- 0
- 0
(12035775)
(12035775)
(11768003)
(9804339)
- 0
- 0
07335
ALMA DARTE CHARTER HIGH SCHOOL
14804322
00408437
2330432
- 0
- 0
- 0
(65016)
(65016)
(63569)
(52962)
- 0
- 0
07337
LA ACADEMIA DOLORES HUERTA
9581137
00264335
1508224
- 0
- 0
- 0
(42077)
(42077)
(41141)
(34276)
- 0
- 0
07338
LAS MONTANAS CHARTER HIGH SCHOOL
14737236
00406586
2319870
- 0
- 0
- 0
(64721)
(64721)
(63281)
(52722)
- 0
- 0
07339
ANTHONY CHARTER SCHOOL
5217470
00143945
821311
- 0
- 0
- 0
(22913)
(22913)
(22404)
(18665)
- 0
- 0
07420
J PAUL TAYLOR ACADEMY
10921121
00301303
1719154
- 0
- 0
- 0
(47962)
(47962)
(46895)
(39070)
- 0
- 0
07421
NEW AMERICA SCHOOL-LAS CRUCES
12850101
00354522
2022807
- 0
- 0
- 0
(56433)
(56433)
(55178)
(45971)
- 0
- 0
08024
COBRE CONSOLIDATED SCHOOLS
107900060
02976861
16985168
- 0
- 0
- 0
(473862)
(473862)
(463319)
(386008)
- 0
- 0
08026
SILVER CONSOLIDATED SCHOOLS
223923812
06177847
35249132
- 0
- 0
- 0
(983400)
(983400)
(961521)
(801077)
- 0
- 0
08099
WESTERN NEW MEXICO UNIVERSITY
228493287
06303915
35968442
- 0
- 0
- 0
(1003468)
(1003468)
(981142)
(817424)
- 0
- 0
08347
ALDO LEOPOLD HIGH SCHOOL
11975600
00330396
1885151
- 0
- 0
- 0
(52593)
(52593)
(51423)
(42842)
- 0
- 0
09027
CIMARRON MUNICIPAL SCHOOLS
33888261
00934945
5334544
- 0
- 0
- 0
(148826)
(148826)
(145515)
(121234)
- 0
- 0
09028
MAXWELL MUNICIPAL SCHOOLS
15196104
00419246
2392105
- 0
- 0
- 0
(66736)
(66736)
(65252)
(54363)
- 0
- 0
09029
RATON PUBLIC SCHOOLS
80720720
02227009
12706714
- 0
- 0
- 0
(354499)
(354499)
(346612)
(288775)
- 0
- 0
09030
SPRINGER MUNICIPAL SCHOOLS
19298679
00532432
3037914
- 0
- 0
- 0
(84753)
(84753)
(82868)
(69040)
- 0
- 0
09150
HIGH PLAINS REGIONAL EDUCATIONAL COOP 3
12699970
00350380
1999174
- 0
- 0
- 0
(55774)
(55774)
(54533)
(45434)
- 0
- 0
09324
MORENO VALLEY HIGH SCHOOL
7446232
00205435
1172157
- 0
- 0
- 0
(32701)
(32701)
(31974)
(26639)
- 0
- 0
10032
SAN JON SCHOOLS
14631539
00403670
2303232
- 0
- 0
- 0
(64257)
(64257)
(62827)
(52344)
- 0
- 0
10033
TUCUMCARI PUBLIC SCHOOLS
74492978
02055191
11726367
- 0
- 0
- 0
(327149)
(327149)
(319870)
(266495)
- 0
- 0
10119
HOUSE MUNICIPAL SCHOOLS
14003541
00386345
2204381
- 0
- 0
- 0
(61499)
(61499)
(60131)
(50097)
- 0
- 0
10120
LOGAN MUNICIPAL SCHOOLS
25199979
00695244
3966875
- 0
- 0
- 0
(110670)
(110670)
(108208)
(90152)
- 0
- 0
10141
MESALANDS COMMUNITY COLLEGE
35425739
00977363
5576570
- 0
- 0
- 0
(155578)
(155578)
(152117)
(126734)
- 0
- 0
11034
ELIDA MUNICIPAL SCHOOLS
14152846
00390464
2227882
- 0
- 0
- 0
(62155)
(62155)
(60772)
(50631)
- 0
- 0
11035
PORTALES MUNICIPAL SCHOOLS
202486725
05586418
31874597
- 0
- 0
- 0
(889255)
(889255)
(869471)
(724387)
- 0
- 0
11101
EASTERN NEW MEXICO UNIVERSITY - PORTALES
321726936
08876143
50644883
- 0
- 0
- 0
(1412919)
(1412919)
(1381485)
(1150964)
- 0
- 0
11102
EASTERN NM UNIVERSITY - ROSWELL
132681232
03660550
20886113
- 0
- 0
- 0
(582692)
(582692)
(569729)
(474661)
- 0
- 0
11117
DORA CONSOLIDATED SCHOOLS
23215804
00640502
3654532
- 0
- 0
- 0
(101956)
(101956)
(99688)
(83053)
- 0
- 0
11118
FLOYD MUNICIPAL SCHOOLS
22040516
00608077
3469524
- 0
- 0
- 0
(96795)
(96795)
(94641)
(78849)
- 0
- 0
12037
LAS VEGAS CITY SCHOOLS
125424467
03460343
19743786
- 0
- 0
- 0
(550823)
(550823)
(538568)
(448700)
- 0
- 0
12038
WEST LAS VEGAS SCHOOLS
135571770
03740297
21341128
- 0
- 0
- 0
(595387)
(595387)
(582141)
(485002)
- 0
- 0
12039
PECOS INDEPENDENT SCHOOLS
57989889
01599886
9128519
- 0
- 0
- 0
(254673)
(254673)
(249007)
(207456)
- 0
- 0
12102
NEW MEXICO HIGHLANDS UNIVERSITY
293679047
08102328
46229703
- 0
- 0
- 0
(1289742)
(1289742)
(1261048)
(1050624)
- 0
- 0
12128
LUNA COMMUNITY COLLEGE
77802974
02146511
12247414
- 0
- 0
- 0
(341685)
(341685)
(334083)
(278337)
- 0
- 0
12150
PECOS VALLEY REC 8
6405772
00176729
1008368
- 0
- 0
- 0
(28132)
(28132)
(27506)
(22916)
- 0
- 0
12151
NORTHEAST REGIONAL EDUCATION COOP
7566786
00208760
1191128
- 0
- 0
- 0
(33231)
(33231)
(32491)
(27070)
- 0
- 0
13041
GALLUP MCKINLEY COUNTY SCHOOLS
874308315
24121343
137629890
- 0
- 0
- 0
(3839676)
(3839676)
(3754250)
(3127799)
- 0
- 0
13142
ZUNI PUBLIC SCHOOLS
130100988
03589364
20479945
- 0
- 0
- 0
(571361)
(571361)
(558649)
(465430)
- 0
- 0
13369
MIDDLE COLLEGE HIGH SCHOOL
5022305
00138561
790592
- 0
- 0
- 0
(22056)
(22056)
(21566)
(17967)
- 0
- 0
13430
UPLIFT COMMUNITY SCHOOL
8929543
00246358
1405652
- 0
- 0
- 0
(39216)
(39216)
(38343)
(31945)
- 0
- 0
14043
BELEN CONSOLIDATED SCHOOLS
282020844
07780689
44394517
- 0
- 0
- 0
(1238543)
(1238543)
(1210988)
(1008917)
- 0
- 0
14044
GRANTS-CIBOLA COUNTY SCHOOLS
270364497
07459102
42559628
- 0
- 0
- 0
(1187352)
(1187352)
(1160936)
(967217)
- 0
- 0
14045
LOS LUNAS SCHOOLS
516619864
14253055
81324095
- 0
- 0
- 0
(2268825)
(2268825)
(2218348)
(1848184)
- 0
- 0
14366
SCHOOL OF DREAMS ACADEMY
16804216
00463612
2645245
- 0
- 0
- 0
(73799)
(73799)
(72157)
(60116)
- 0
- 0
15046
ALAMOGORDO PUBLIC SCHOOLS
369877443
10204570
58224529
- 0
- 0
- 0
(1624380)
(1624380)
(1588241)
(1323220)
- 0
- 0
15047
CLOUDCROFT MUNICIPAL SCHOOLS
30771554
00848958
4843926
- 0
- 0
- 0
(135139)
(135139)
(132132)
(110084)
- 0
- 0
15049
TULAROSA MUNICIPAL SCHOOLS
68396924
01887007
10766754
- 0
- 0
- 0
(300377)
(300377)
(293694)
(244687)
- 0
- 0
15104
NEW MEXICO SCHOOL FT BLIND amp VISUALLY IMPAIRED
79976142
02206466
12589501
- 0
- 0
- 0
(351229)
(351229)
(343415)
(286111)
- 0
- 0
16050
AZTEC MUNICIPAL SCHOOLS
187894163
05183823
29577499
- 0
- 0
- 0
(825170)
(825170)
(806811)
(672183)
- 0
- 0
16051
BLOOMFIELD SCHOOLS
209183372
05771172
32928754
- 0
- 0
- 0
(918665)
(918665)
(898226)
(748344)
- 0
- 0
16052
FARMINGTON MUNICIPAL SCHOOLS
709808631
19582952
111735053
- 0
- 0
- 0
(3117247)
(3117247)
(3047894)
(2539308)
- 0
- 0
16053
CENTRAL CONSOLIDATED SCHOOLS
497242938
13718464
78273863
- 0
- 0
- 0
(2183728)
(2183728)
(2135144)
(1778864)
- 0
- 0
16155
SAN JUAN COLLEGE
372723272
10283084
58672509
- 0
- 0
- 0
(1636878)
(1636878)
(1600461)
(1333401)
- 0
- 0
16356
MOSAIC ACADEMY CHARTER
10488019
00289355
1650982
- 0
- 0
- 0
(46060)
(46060)
(45035)
(37520)
- 0
- 0
16357
CARINOS CHARTER SCHOOL
17209176
00474785
2708995
- 0
- 0
- 0
(75577)
(75577)
(73896)
(61565)
- 0
- 0
16358
NEW MEXICO VIRTUAL ACADEMY
8945064
00246786
1408094
- 0
- 0
- 0
(39284)
(39284)
(38410)
(32001)
- 0
- 0
17054
ESPANOLA PUBLIC SCHOOLS
260245590
07179931
40966754
- 0
- 0
- 0
(1142913)
(1142913)
(1117486)
(931017)
- 0
- 0
17105
NORTHERN NEW MEXICO COLLEGE
128311258
03539987
20198213
- 0
- 0
- 0
(563501)
(563501)
(550964)
(459028)
- 0
- 0
17115
DULCE INDEPENDENT SCHOOLS
63542017
01753064
10002511
- 0
- 0
- 0
(279056)
(279056)
(272847)
(227319)
- 0
- 0
17126
CHAMA VALLEY SCHOOLS
41127543
01134670
6474122
- 0
- 0
- 0
(180619)
(180619)
(176600)
(147132)
- 0
- 0
17127
MESA VISTA CONSOLIDATED SCHOOLS
36319862
01002031
5717319
- 0
- 0
- 0
(159505)
(159505)
(155956)
(129933)
- 0
- 0
17334
LINDRITH AREA HERITAGE SCHOOL
1999722
00055170
314785
- 0
- 0
- 0
(8782)
(8782)
(8587)
(7154)
- 0
- 0
17424
MC CURDY CHARTER SCHOOL
26341385
00726734
4146549
- 0
- 0
- 0
(115683)
(115683)
(113109)
(94235)
- 0
- 0
17425
LA TIERRA MONTESSORI SCHOOL
3636882
00100338
572502
- 0
- 0
- 0
(15972)
(15972)
(15617)
(13011)
- 0
- 0
18056
CLAYTON MUNICIPAL SCHOOLS
41375879
01141522
6513217
- 0
- 0
- 0
(181709)
(181709)
(177667)
(148020)
- 0
- 0
18057
DES MOINES MUNICIPAL SCHOOLS
12824909
00353827
2018842
- 0
- 0
- 0
(56323)
(56323)
(55070)
(45881)
- 0
- 0
19059
DEMING PUBLIC SCHOOLS
358423873
09888577
56421558
- 0
- 0
- 0
(1574080)
(1574080)
(1539060)
(1282245)
- 0
- 0
19301
DEMING CESAR CHAVEZ CHARTER HIGH SCHOOL
10654211
00293940
1677143
- 0
- 0
- 0
(46790)
(46790)
(45749)
(38115)
- 0
- 0
20060
PENASCO INDEPENDENT SCHOOLS
43124424
01189762
6788462
- 0
- 0
- 0
(189388)
(189388)
(185175)
(154276)
- 0
- 0
20062
TAOS MUNICIPAL SCHOOLS
185250055
05110875
29161277
- 0
- 0
- 0
(813558)
(813558)
(795458)
(662724)
- 0
- 0
20125
QUESTA INDEPENDENT SCHOOLS
53837543
01485327
8474876
- 0
- 0
- 0
(236437)
(236437)
(231177)
(192601)
- 0
- 0
20265
TAOS ACADEMY CHARTER SCHOOL
11325900
00312471
1782875
- 0
- 0
- 0
(49740)
(49740)
(48633)
(40518)
- 0
- 0
20266
La Jicarita Community School
2194276
00060538
345414
- 0
- 0
- 0
(9637)
(9637)
(9422)
(7850)
- 0
- 0
20307
TAOS CHARTER SCHOOL
10997820
00303419
1731227
- 0
- 0
- 0
(48299)
(48299)
(47224)
(39344)
- 0
- 0
20312
RED RIVER VALLEY CHARTER SCHOOLS
4685520
00129269
737574
- 0
- 0
- 0
(20577)
(20577)
(20119)
(16762)
- 0
- 0
20316
ANANSI CHARTER SCHOOL
8137027
00224493
1280897
- 0
- 0
- 0
(35735)
(35735)
(34940)
(29110)
- 0
- 0
20317
VISTA GRANDE HIGH SCHOOL
6300504
00173825
991799
- 0
- 0
- 0
(27670)
(27670)
(27054)
(22540)
- 0
- 0
20415
TAOS INTEGRATED SCHOOL OF THE ARTS
6209169
00171305
977420
- 0
- 0
- 0
(27269)
(27269)
(26662)
(22213)
- 0
- 0
21063
TRUTH OR CONSEQUENCES MUNICIPAL SCHOOLS
108041191
02980755
17007386
- 0
- 0
- 0
(474482)
(474482)
(463925)
(386513)
- 0
- 0
21150
SOUTHWEST REGIONAL ED COOPERATIVE 10
13050923
00360063
2054423
- 0
- 0
- 0
(57315)
(57315)
(56040)
(46689)
- 0
- 0
22065
ESTANCIA MUNICPAL SCHOOLS
61525804
01697439
9685130
- 0
- 0
- 0
(270201)
(270201)
(264190)
(220106)
- 0
- 0
22066
MORIARTY-EDGEWOOD SCHOOL DISTRICT
195971575
05406671
30849009
- 0
- 0
- 0
(860643)
(860643)
(841495)
(701079)
- 0
- 0
22067
MOUNTAINAIR PUBLIC SCHOOLS
25324156
00698670
3986423
- 0
- 0
- 0
(111215)
(111215)
(108741)
(90596)
- 0
- 0
22201
ESTANCIA VALLEY CLASSICAL ACADEMY
17772159
00490317
2797617
- 0
- 0
- 0
(78049)
(78049)
(76313)
(63579)
- 0
- 0
23070
LORDSBURG MUNICIPAL SCHOOLS
51096743
01409711
8043431
- 0
- 0
- 0
(224400)
(224400)
(219408)
(182796)
- 0
- 0
23121
ANIMAS PUBLIC SCHOOLS
19292757
00532269
3036984
- 0
- 0
- 0
(84727)
(84727)
(82842)
(69019)
- 0
- 0
24072
SANTA ROSA CONSOLIDATED SCHOOLS
56809634
01567324
8942729
- 0
- 0
- 0
(249489)
(249489)
(243939)
(203234)
- 0
- 0
24073
VAUGHN MUNICIPAL SCHOOLS
12288412
00339026
1934391
- 0
- 0
- 0
(53967)
(53967)
(52766)
(43961)
- 0
- 0
25075
MAGDELENA MUNICIPAL SCHOOLS
39388022
01086678
6200292
- 0
- 0
- 0
(172979)
(172979)
(169131)
(140909)
- 0
- 0
25076
SOCORRO CONSOLIDATED SCHOOLS
119743612
03303613
18849526
- 0
- 0
- 0
(525875)
(525875)
(514175)
(428377)
- 0
- 0
25106
NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY
472350274
13031699
74355367
- 0
- 0
- 0
(2074408)
(2074408)
(2028256)
(1689812)
- 0
- 0
25319
COTTONWOOD VALLEY CHARTER SCHOOLS
11134970
00307203
1752818
- 0
- 0
- 0
(48901)
(48901)
(47813)
(39835)
- 0
- 0
26077
CAPITAN MUNICIPAL SCHOOLS
35934847
00991409
5656713
- 0
- 0
- 0
(157814)
(157814)
(154303)
(128555)
- 0
- 0
26078
CARRIZOZO MUNICIPAL SCHOOLS
15641987
00431548
2462297
- 0
- 0
- 0
(68695)
(68695)
(67166)
(55959)
- 0
- 0
26079
CORONA PUBLIC SCHOOLS
13583697
00374761
2138285
- 0
- 0
- 0
(59655)
(59655)
(58328)
(48595)
- 0
- 0
26080
HONDO VALLEY PUBLIC SCHOOLS
16942484
00467427
2667013
- 0
- 0
- 0
(74406)
(74406)
(72750)
(60611)
- 0
- 0
26081
RUIDOSO MUNICIPAL SCHOOL DISTRICT
125672227
03467178
19782784
- 0
- 0
- 0
(551911)
(551911)
(539632)
(449587)
- 0
- 0
26150
REGION IX EDUCATIONAL COOPERATIVE
31729042
00875374
4994648
- 0
- 0
- 0
(139343)
(139343)
(136243)
(113509)
- 0
- 0
27083
FORT SUMNER MUNICIPAL SCHOOLS
30489477
00841176
4799524
- 0
- 0
- 0
(133900)
(133900)
(130921)
(109075)
- 0
- 0
28084
QUEMADO INDEPENDENT SCHOOLS
17595257
00485437
2769773
- 0
- 0
- 0
(77273)
(77273)
(75554)
(62946)
- 0
- 0
28085
RESERVE INDEPENDENT SCHOOLS
18999938
00524190
2990887
- 0
- 0
- 0
(83441)
(83441)
(81585)
(67971)
- 0
- 0
29086
BERNALILLO PUBLIC SCHOOLS
256481726
07076089
40374259
- 0
- 0
- 0
(1126384)
(1126384)
(1101324)
(917552)
- 0
- 0
29087
CUBA INDEPENDENT SCHOOLS
56653909
01563028
8918217
- 0
- 0
- 0
(248805)
(248805)
(243270)
(202677)
- 0
- 0
29088
JEMEZ VALLEY PUBLIC SCHOOLS
30896483
00852405
4863593
- 0
- 0
- 0
(135687)
(135687)
(132668)
(110531)
- 0
- 0
29122
JEMEZ MOUNTAIN SCHOOL DISTRICT
31276427
00862887
4923401
- 0
- 0
- 0
(137356)
(137356)
(134300)
(111890)
- 0
- 0
29123
RIO RANCHO PUBLIC SCHOOLS
1067726236
29457561
168076913
- 0
- 0
- 0
(4689104)
(4689104)
(4584780)
(3819742)
- 0
- 0
29150
NORTHWEST REGIONAL EDUCATION 2
4890736
00134931
769880
- 0
- 0
- 0
(21479)
(21479)
(21001)
(17496)
- 0
- 0
29305
SAN DIEGO RIVERSIDE CHARTER SCHOOL
6815857
00188043
1072923
- 0
- 0
- 0
(29933)
(29933)
(29267)
(24383)
- 0
- 0
29330
WALATOWA CHARTER HIGH SCHOOL
6020020
00166087
947648
- 0
- 0
- 0
(26438)
(26438)
(25850)
(21536)
- 0
- 0
29408
THE ASK ACADEMY
13515142
00372870
2127496
- 0
- 0
- 0
(59354)
(59354)
(58034)
(48350)
- 0
- 0
30089
MORA INDEPENDENT SCHOOLS
46556291
01284444
7328692
- 0
- 0
- 0
(204460)
(204460)
(199911)
(166553)
- 0
- 0
30090
WAGON MOUND PUBLIC SCHOOLS
15846572
00437192
2494500
- 0
- 0
- 0
(69593)
(69593)
(68045)
(56690)
- 0
- 0
31091
MOSQUERO MUNICIPAL SCHOOLS
8360043
00230646
1316004
- 0
- 0
- 0
(36715)
(36715)
(35898)
(29908)
- 0
- 0
31092
ROY MUNICIPAL SCHOOLS
9840797
00271498
1549095
- 0
- 0
- 0
(43218)
(43218)
(42256)
(35205)
- 0
- 0
32093
LOS ALAMOS PUBLIC SCHOOLS
313613561
08652303
49367712
- 0
- 0
- 0
(1377288)
(1377288)
(1346646)
(1121938)
- 0
- 0
36246253697
1000000000
5705730817
- 0
- 0
- 0
(159181664)
(159181664)
(155640186)
(129669335)
- 0
- 0
New Mexico Educational Retirement Board
Schedule of Collective Pension Amounts
As of and for the year ended June 30 2014
Net Pension Liability (775 Discount)
$ 5705730813
Net Pension Liability -- 100 Decrease (675 Discount)
$ 7763304829
Net Pension Liability -- 100 Increase (875 Discount)
$ 3987098791
Deferred Outflows of Resources
Differences Between Expected and Actual Experience
$ 0
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
0
Changes in Assumptions
0
Total Deferred Outflows of Resources Excluding Employer-Specific Amounts
$ 0
Deferred Inflows of Resources
Differences Between Expected and Actual Experience
$ 84995487
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
518677364
Changes inf Assumptions
0
Total Deferred Inflows of Resources Excluding Employer-Specific Amounts
$ 603672851
Pension Plan Expense
$ 395014052
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
13
How to maximize ERBrsquos service today
bull Increase Communicationbull Leverage existing ERB website and employer portal
bull Email blasts to Employer accounting personnel bull Fact Sheet Handouts sample reporting examples newslettersbull Compliance Auditor (desk amp field audits)bull Meet with Employers in regional meetings across New Mexicobull Meet with State Auditor Public Education Department Higher
Education Departmentbull Share Real Information
bull Provide audited GASB 68 report and Required Supplementary Information to all employersbull Employer contribution reconciliationsbull Allocation schedules (Net Pension Liability Contributions
How ERB Will Help Employers with GASB 68 Disclosures
In FY15 ERB will provide all employers this audited informationbull Each employerrsquos share of the Net Pension Liability and change from
prior period (Pension Expense)bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries prior period adjustment for
NPL and language for financial statement disclosures may require customization
In FY16 and future years ERB will provide all employers this audited information
bull Each employerrsquos share of the change in Net Pension Liability (Pension Expense)
bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries and language for financial
statement disclosures may require customization
15
16
ERBrsquos Implementation Plan
bull Produce annual audited schedules engaging ERBrsquos actuary and auditor to provide an opinion onbull Employer Allocationsbull Collective Pension Amounts and Required Supplementary
Informationbull Schedules include detail information for employers financials
bull ERB will comply with AICPA best practices that will allow the employerrsquos auditor to rely on ERBrsquos auditorrsquos opinion on proportionate shares
bull Employers have responsibility to report accurate census data to ERBbull Employers assume responsibility for presentation of the information
used in their own financial statements
17
New Mexico Educational Retirement BoardSchedule of Collective Pension AmountsAs of and for the year ended June 30 2014
Net Pension Liability (775 Discount) 5705730813$ Net Pension Liability -- 100 Decrease (675 Discount) 7763304829$ Net Pension Liability -- 100 Increase (875 Discount) 3987098791$
Deferred Outflows of ResourcesDifferences Between Expected and Actual Experience 0$ Net Difference Between Projected and Actual Investment Earnings on Plan 0Changes in Assumptions 0Total Deferred Outflows of Resources Excluding Employer-Specific Amounts 0$
Deferred Inflows of ResourcesDifferences Between Expected and Actual Experience 84995487$ Net Difference Between Projected and Actual Investment Earnings on Plan Investments 518677364Changes inf Assumptions 0Total Deferred Inflows of Resources Excluding Employer-Specific Amounts 603672851$
Pension Plan Expense 395014052$
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
ERBrsquos GASB 68 Collective Amounts
68_Collective Info
68_Shares
18
19
20
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Notes to Financial StatementsSummary of Significant Accounting Policies Basis of Accounting For purposes of
measuring the net pension liability deferred outflows of resources and deferred inflows of resources related to pensions and pension expense information about the fiduciary net position of the ERB and additions todeductions from ERBrsquos fiduciary net position have been determined on the same basis as they are reported by ERB Plan For this purpose benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms Investments are reported at fair value
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense At June 30 2015 the University of ABC (UABC) reported a liability of $14910 for its proportionate share of the net pension liability The net pension liability was measured as of June 30 2015 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as June 30 2014 UABCrsquos proportion of the net pension liability was based on UABCrsquos contributions to ERB for the year ending June 30 2015 relative to the total contribution for all employers participating in ERB a projection of the long-term share of contributions to the pension plan relative to projected contributions of all participating school districts actuarially determined At June 30 2015 UABCrsquos proportion was XX percent which was an increase of XX percent from its proportion measured as of June 30 2014
Sample Employer GASB 68 Disclosures
21
Sample Employer GASB 68 Disclosureshellipcont
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense (Cont)For the year ended June 30 2015 UABC recognized pension expense of $2394 At June 30 2015 reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources
Payable to the Pension Plan At June 30 2015 UABC reported a payable of $5432 for the outstanding contributions to the pension plan required for the year ended June 30 2015
Deferred Outflowsof Resources
Deferred Inflowsof Resources
Differences between expected and actual experience $ 2657 $ 142
Changes of assumptions 1714 130
Net difference between projected and actual earnings on pension plan investments
- 2194
Changes in proportion and differences between UABC contributions and proportionate share of contributions
753 156
UABC contributions subsequent to the measurement date 1065 -
Total $ 6189 $ 2622
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Questions
22
Appendix A page 1ERB Actuarials at a Glance
23
Fiscal Year 63012 63013 63014 63014GASB 67
UAAL $62B $65B $63B $57B
Funded Ratio 607 601 631 669
Funding Period Infinite 951 years 421 years Not applicable
Funding Policy
Contribution1759 1747 1632 Not applicable
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
New Mexico Educational Retirement Board
Deferred Outflows
Deferred Inflows
Schedule of Employer-Specific Pension Amounts
of Resources
of Resources
Pension Expense
Subsequent Recognition of Deferred Amounts
As of and for the year ended June 30 2014
Net Amortization
of Deferred
Amounts from
Changes in
Changes in
Changes in
Proportion
Proportion
Proportion
and Differences
and Differences
and Differences
Between
Between
Between
Employer
Employer
Employer
Contributions
Contributions
Contributions
and Proportionate
and Proportionate
and Proportionate
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Net Pension Liability
Share of
Share of
Share of
Ending
Ending
Ending
Ending
Ending
ER Code
Employer Name
Contribution
Employer Allocation Percentage
(775 Discount)
Contributions
Contributions
Contributions
2015
2016
2017
2018
2019
Thereafter
01001
POJOAQUE VALLEY SCHOOLS
130138115
03590388
20485787
- 0
- 0
- 0
(571524)
(571524)
(558809)
(465563)
- 0
- 0
01002
SANTA FE PUBLIC SCHOOLS
903846552
24936275
142279673
- 0
- 0
- 0
(3969398)
(3969398)
(3881086)
(3233470)
- 0
- 0
01003
SANTA FE COMMUNITY COLLEGE
285623563
07880085
44961644
- 0
- 0
- 0
(1254365)
(1254365)
(1226458)
(1021805)
- 0
- 0
01094
NEW MEXICO SCHOOL FOR THE DEAF
55303678
01525776
8705667
- 0
- 0
- 0
(242876)
(242876)
(237472)
(197846)
- 0
- 0
01301
THE ACADEMY FOR TECHNOLOGY amp THE CLASSICS
22265370
00614281
3504922
- 0
- 0
- 0
(97782)
(97782)
(95607)
(79653)
- 0
- 0
01306
MONTE DEL SOL CHARTER SCHOOL
27346513
00754465
4304774
- 0
- 0
- 0
(120097)
(120097)
(117425)
(97831)
- 0
- 0
01315
TURQUOISE TRAIL CHARTER SCHOOL
29690099
00819122
4673690
- 0
- 0
- 0
(130389)
(130389)
(127488)
(106215)
- 0
- 0
01341
STATE OF NEW MEXICO
121504115
03352184
19126660
- 0
- 0
- 0
(533606)
(533606)
(521735)
(434675)
- 0
- 0
01343
TIERRA ENCANTADA CHARTER SCHOOL
18916878
00521899
2977815
- 0
- 0
- 0
(83077)
(83077)
(81228)
(67674)
- 0
- 0
01398
THE MASTERS PROGRAM
11557405
00318858
1819318
- 0
- 0
- 0
(50756)
(50756)
(49627)
(41346)
- 0
- 0
01416
NEW MEXICO SCHOOL FOR THE ARTS
14899946
00411075
2345483
- 0
- 0
- 0
(65436)
(65436)
(63980)
(53304)
- 0
- 0
01418
New Mexico Connections Academy
10201256
00281443
1605838
- 0
- 0
- 0
(44801)
(44801)
(43804)
(36495)
- 0
- 0
02003
ALBUQUERQUE PUBLIC SCHOOLS
6164408173
170070218
970374883
- 0
- 0
- 0
(27072060)
(27072060)
(26469760)
(22052893)
- 0
- 0
02095
UNIVERSITY OF NEW MEXICO
5918270140
163279499
931628869
- 0
- 0
- 0
(25991102)
(25991102)
(25412851)
(21172345)
- 0
- 0
02123
CENTRAL NEW MEXICO COMMUNITY COLLEGE
965367901
26633591
151964101
- 0
- 0
- 0
(4239579)
(4239579)
(4145257)
(3453560)
- 0
- 0
02148
NEW MEXICO ACTIVITIES ASSOCIATION
13674332
00377262
2152555
- 0
- 0
- 0
(60053)
(60053)
(58717)
(48919)
- 0
- 0
02150
CENTRAL REGIONAL EDUCATION COOP
32918525
00908191
5181893
- 0
- 0
- 0
(144567)
(144567)
(141351)
(117765)
- 0
- 0
02295
UNIVERSITY HOSPITALS
38915116
01073631
6125849
- 0
- 0
- 0
(170902)
(170902)
(167100)
(139217)
- 0
- 0
02303
AMY BIEHL HIGH SCHOOL
24086383
00664521
3791578
- 0
- 0
- 0
(105780)
(105780)
(103426)
(86168)
- 0
- 0
02304
EAST MOUNTAIN HIGH SCHOOL
24508244
00676159
3857981
- 0
- 0
- 0
(107632)
(107632)
(105238)
(87677)
- 0
- 0
02308
TWENTY-FIRST CENTURY PUBLIC ACADEMY
10638203
00293498
1674621
- 0
- 0
- 0
(46720)
(46720)
(45680)
(38058)
- 0
- 0
02309
SOUTH VALLEY ACADEMY
27055891
00746447
4259026
- 0
- 0
- 0
(118821)
(118821)
(116177)
(96791)
- 0
- 0
02310
SOUTHWEST SECONDARY LEARNING CENTER
12754266
00351878
2007721
- 0
- 0
- 0
(56013)
(56013)
(54766)
(45628)
- 0
- 0
02311
NUESTROS VALORES CHARTER SCHOOL
8467810
00233619
1332967
- 0
- 0
- 0
(37188)
(37188)
(36361)
(30293)
- 0
- 0
02313
ROOTS AND WINGS COMMUNITY SCHOOL
3195446
00088159
503012
- 0
- 0
- 0
(14033)
(14033)
(13721)
(11432)
- 0
- 0
02314
THE LEARNING COMMUNITY CHARTER
12127601
00334589
1909075
- 0
- 0
- 0
(53260)
(53260)
(52075)
(43386)
- 0
- 0
02318
ROBERT F KENNEDY CHARTER SCHOOL
19636783
00541760
3091137
- 0
- 0
- 0
(86238)
(86238)
(84320)
(70250)
- 0
- 0
02320
PUBLIC ACADEMY FOR PERFORMING ARTS
22952684
00633243
3613114
- 0
- 0
- 0
(100801)
(100801)
(98558)
(82112)
- 0
- 0
02322
LOS PUENTES CHARTER SCHOOL
15963339
00440413
2512878
- 0
- 0
- 0
(70106)
(70106)
(68546)
(57108)
- 0
- 0
02323
EL CAMINO REAL ACADEMY
25600416
00706291
4029906
- 0
- 0
- 0
(112429)
(112429)
(109927)
(91584)
- 0
- 0
02327
HORIZON ACADEMY WEST
22209646
00612743
3496147
- 0
- 0
- 0
(97537)
(97537)
(95367)
(79454)
- 0
- 0
02328
NORTH VALLEY ACADEMY
21177733
00584274
3333710
- 0
- 0
- 0
(93006)
(93006)
(90937)
(75762)
- 0
- 0
02329
LA ACADEMIA DE ESPERANZA
32216102
00888812
5071322
- 0
- 0
- 0
(141483)
(141483)
(138335)
(115252)
- 0
- 0
02331
LA ACADEMIA DE LENGUA Y CULTURA
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02334
MONTESSORI OF THE RIO GRANDE CHARTER SCHOOL
13170269
00363355
2073206
- 0
- 0
- 0
(57839)
(57839)
(56553)
(47116)
- 0
- 0
02336
CESAR CHAVEZ COMMUNITY SCHOOL
13344118
00368152
2100576
- 0
- 0
- 0
(58603)
(58603)
(57299)
(47738)
- 0
- 0
02338
CREATIVE EDUCATION PREPARATORY INSTITUTE 1
13923018
00384123
2191702
- 0
- 0
- 0
(61145)
(61145)
(59785)
(49809)
- 0
- 0
02339
GILBERT L SENA CHARTER HIGH SCHOOL
13971841
00385470
2199388
- 0
- 0
- 0
(61360)
(61360)
(59995)
(49984)
- 0
- 0
02340
SCHOOL FOR INTEGRATED ACADEMICS amp TECHNOLOGIES
17385947
00479662
2736822
- 0
- 0
- 0
(76353)
(76353)
(74655)
(62197)
- 0
- 0
02341
ALB INSTITUTE FOR MATH AND SCIENCE UNM
17455816
00481590
2747823
- 0
- 0
- 0
(76660)
(76660)
(74955)
(62447)
- 0
- 0
02342
MOUNTAIN MAHOGONY COMMUNITY
11336352
00312759
1784519
- 0
- 0
- 0
(49785)
(49785)
(48678)
(40555)
- 0
- 0
02343
LA PROMESA EARLY LEARNING
22284215
00614801
3507889
- 0
- 0
- 0
(97865)
(97865)
(95688)
(79721)
- 0
- 0
02344
ACADEMY OF TRADES AND TECHNOLOGY (YOUTH BUILD CO)
9306534
00256759
1464998
- 0
- 0
- 0
(40871)
(40871)
(39962)
(33294)
- 0
- 0
02345
SOUTHWEST INTERMEDIATE LEARNING CTR (LA LUZ DEL M)
6003345
00165627
945023
- 0
- 0
- 0
(26365)
(26365)
(25778)
(21477)
- 0
- 0
02346
SOUTHWEST PRIMARY LEARNING CENTER
6508031
00179550
1024464
- 0
- 0
- 0
(28581)
(28581)
(27945)
(23282)
- 0
- 0
02350
DIGITAL ARTS AND TECHNOLOGY ACADEMY
18276643
00504235
2877029
- 0
- 0
- 0
(80265)
(80265)
(78479)
(65384)
- 0
- 0
02351
THE MONTESSORI ELEMENTARY SCHOOL
15956095
00440214
2511743
- 0
- 0
- 0
(70074)
(70074)
(68515)
(57082)
- 0
- 0
02353
CHRISTINE DUNCANS HERITAGE ACADEMY
11567894
00319147
1820967
- 0
- 0
- 0
(50802)
(50802)
(49672)
(41384)
- 0
- 0
02354
NATIVE AMERICAN COMMUNITY ACADEMY
24618203
00679193
3875292
- 0
- 0
- 0
(108115)
(108115)
(105710)
(88071)
- 0
- 0
02355
RALPH J BUNCHE ACADEMY
5170362
00142645
813894
- 0
- 0
- 0
(22706)
(22706)
(22201)
(18497)
- 0
- 0
02356
ALICE KING COMMUNITY SCHOOL(N ALB COOP C C)
15945481
00439921
2510071
- 0
- 0
- 0
(70027)
(70027)
(68469)
(57044)
- 0
- 0
02357
LA RESOLANA LEADERSHIP ACADEMY
5266902
00145309
829094
- 0
- 0
- 0
(23131)
(23131)
(22616)
(18842)
- 0
- 0
02358
VILLAGE ACADEMY CHARTER SCHOOL
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02360
BATAAN MILITARY ACADEMY
9938807
00274202
1564523
- 0
- 0
- 0
(43648)
(43648)
(42677)
(35556)
- 0
- 0
02361
ALBUQUERQUE TALENT DEVELOPMENT SECONDARY CHARTER
11434102
00315456
1799907
- 0
- 0
- 0
(50215)
(50215)
(49098)
(40905)
- 0
- 0
02362
GORDON BERNELL CHARTER SCHOOL
32236740
00889381
5074569
- 0
- 0
- 0
(141573)
(141573)
(138423)
(115325)
- 0
- 0
02363
CORRALES INTERNATIONAL SCHOOL
17491523
00482575
2753443
- 0
- 0
- 0
(76817)
(76817)
(75108)
(62575)
- 0
- 0
02364
COTTONWOOD CLASSICAL PREP SCHOOL
27174715
00749725
4277729
- 0
- 0
- 0
(119342)
(119342)
(116687)
(97216)
- 0
- 0
02365
MEDIA ARTS COLLABORATIVE CHARTER SCHOOL
12988950
00358353
2044666
- 0
- 0
- 0
(57043)
(57043)
(55774)
(46467)
- 0
- 0
02366
THE NEW AMERICA SCHOOL
15162026
00418306
2386741
- 0
- 0
- 0
(66587)
(66587)
(65105)
(54241)
- 0
- 0
02367
CIEN AGUAS INTERNATIONAL SCHOOL
16645455
00459232
2620254
- 0
- 0
- 0
(73101)
(73101)
(71475)
(59548)
- 0
- 0
02368
THE INTERNATIONAL SCH AT MESA DEL SOL
15953529
00440143
2511337
- 0
- 0
- 0
(70063)
(70063)
(68504)
(57073)
- 0
- 0
02370
TIERRA ADENTRO OF NEW MEXICO
14574532
00402098
2294263
- 0
- 0
- 0
(64007)
(64007)
(62583)
(52140)
- 0
- 0
02390
ACE LEADERSHIP HIGH SCHOOL
21477933
00592556
3380965
- 0
- 0
- 0
(94324)
(94324)
(92226)
(76836)
- 0
- 0
02396
SOUTH VALLEY PREPARATORY SCHOOL
9352262
00258020
1472193
- 0
- 0
- 0
(41072)
(41072)
(40158)
(33457)
- 0
- 0
02402
ALBUQUERQUE SIGN LANGUAGE ACADEMY
12136863
00334845
1910535
- 0
- 0
- 0
(53301)
(53301)
(52115)
(43419)
- 0
- 0
02412
ALBUQUERQUE SCHOOL OF EXCELLENCE
12941978
00357057
2037271
- 0
- 0
- 0
(56837)
(56837)
(55572)
(46299)
- 0
- 0
02413
THE GREAT ACADEMY
9104631
00251188
1433211
- 0
- 0
- 0
(39985)
(39985)
(39095)
(32571)
- 0
- 0
02414
THE NEW MEXICO INTERNATIONAL SCHOOL
9093315
00250876
1431431
- 0
- 0
- 0
(39935)
(39935)
(39046)
(32531)
- 0
- 0
02417
WILLIAM W amp JOSEPHINE DORN CHARTER COMMUNITY SCHOO
2499702
00068964
393490
- 0
- 0
- 0
(10978)
(10978)
(10734)
(8943)
- 0
- 0
02418
SAGE MONTESSORI CHARTER SCHOOL
7486288
00206540
1178462
- 0
- 0
- 0
(32877)
(32877)
(32146)
(26782)
- 0
- 0
02420
SOUTHWEST AERONAUTICS MATH amp SCIENCE ACADEMY
9312685
00256928
1465962
- 0
- 0
- 0
(40898)
(40898)
(39988)
(33316)
- 0
- 0
02421
CORAL COMMUNITY CHARTER SCHOOL
5518744
00152257
868737
- 0
- 0
- 0
(24237)
(24237)
(23697)
(19743)
- 0
- 0
02425
MISSION ACHIEVEMENT AND SUCCESS CHARTER SCHOOL
15952839
00440124
2511229
- 0
- 0
- 0
(70060)
(70060)
(68501)
(57071)
- 0
- 0
02430
Health Leadership Community School
9697716
00267551
1526574
- 0
- 0
- 0
(42589)
(42589)
(41642)
(34693)
- 0
- 0
03004
ARTESIA PUBLIC SCHOOLS
249203786
06875298
39228600
- 0
- 0
- 0
(1094421)
(1094421)
(1070073)
(891515)
- 0
- 0
03005
CARLSBAD MUNICIPAL SCHOOLS
457710863
12627812
72050896
- 0
- 0
- 0
(2010116)
(2010116)
(1965395)
(1637440)
- 0
- 0
03006
LOVING MUNICIPAL SCHOOLS
45366532
01251620
7141407
- 0
- 0
- 0
(199235)
(199235)
(194802)
(162297)
- 0
- 0
03321
JEFFERSON MONTESSORI ACADEMY
14230129
00392596
2240047
- 0
- 0
- 0
(62494)
(62494)
(61104)
(50908)
- 0
- 0
04008
DEXTER CONSOLIDATED SCHOOLS
74126962
02045093
11668750
- 0
- 0
- 0
(325541)
(325541)
(318299)
(265186)
- 0
- 0
04009
HAGERMAN MUNICIPAL SCHOOLS
35432505
00977549
5577631
- 0
- 0
- 0
(155608)
(155608)
(152146)
(126758)
- 0
- 0
04010
LAKE ARTHUR MUNICIPAL SCHOOLS
13637822
00376255
2146810
- 0
- 0
- 0
(59893)
(59893)
(58560)
(48789)
- 0
- 0
04011
ROSWELL INDEPENDENT SCHOOLS
615946152
16993374
96959618
- 0
- 0
- 0
(2705034)
(2705034)
(2644852)
(2203520)
- 0
- 0
04097
NEW MEXICO MILITARY INSTITUTE
168542271
04649923
26531209
- 0
- 0
- 0
(740182)
(740182)
(723715)
(602952)
- 0
- 0
04317
SIDNEY GUTIERREZ MIDDLE SCHOOL
4080477
00112577
642334
- 0
- 0
- 0
(17920)
(17920)
(17522)
(14598)
- 0
- 0
05011
CLOVIS COMMUNITY COLLEGE
91114505
02513763
14342855
- 0
- 0
- 0
(400145)
(400145)
(391243)
(325958)
- 0
- 0
05012
CLOVIS MUNICIPAL SCHOOLS
529906737
14619628
83415662
- 0
- 0
- 0
(2327177)
(2327177)
(2275402)
(1895717)
- 0
- 0
05013
GRADY MUNICIPAL SCHOOLS
13422095
00370303
2112849
- 0
- 0
- 0
(58945)
(58945)
(57634)
(48017)
- 0
- 0
05014
MELROSE SCHOOLS
20092869
00554343
3162932
- 0
- 0
- 0
(88241)
(88241)
(86278)
(71881)
- 0
- 0
05015
TEXICO MUNICIPAL SCHOOLS
46844881
01292406
7374121
- 0
- 0
- 0
(205727)
(205727)
(201150)
(167585)
- 0
- 0
05016
REGIONAL EDUCATIONAL CENTER 6
8833229
00243700
1390487
- 0
- 0
- 0
(38793)
(38793)
(37930)
(31600)
- 0
- 0
06016
EUNICE PUBLIC SCHOOLS
47356967
01306534
7454731
- 0
- 0
- 0
(207976)
(207976)
(203349)
(169417)
- 0
- 0
06017
HOBBS MUNICIPAL SCHOOLS
528484026
14580377
83191706
- 0
- 0
- 0
(2320929)
(2320929)
(2269293)
(1890628)
- 0
- 0
06018
JAL PUBLIC SCHOOLS
34332805
00947210
5404525
- 0
- 0
- 0
(150778)
(150778)
(147424)
(122824)
- 0
- 0
06019
LOVINGTON MUNICIPAL SCHOOLS
228661774
06308563
35994962
- 0
- 0
- 0
(1004208)
(1004208)
(981866)
(818027)
- 0
- 0
06020
TATUM MUNICIPAL SCHOOLS
32371140
00893089
5095725
- 0
- 0
- 0
(142163)
(142163)
(139001)
(115806)
- 0
- 0
06124
NEW MEXICO JUNIOR COLLEGE
143512547
03959376
22591134
- 0
- 0
- 0
(630260)
(630260)
(616238)
(513410)
- 0
- 0
06150
REGIONAL EDUCATIONAL COOP 7
2672852
00073741
420746
- 0
- 0
- 0
(11738)
(11738)
(11477)
(9562)
- 0
- 0
07021
GADSDEN INDEPENDENT SCHOOLS
954445594
26332255
150244759
- 0
- 0
- 0
(4191612)
(4191612)
(4098357)
(3414486)
- 0
- 0
07022
HATCH VALLEY PUBLIC SCHOOLS
101411144
02797838
15963710
- 0
- 0
- 0
(445365)
(445365)
(435456)
(362794)
- 0
- 0
07023
LAS CRUCES PUBLIC SCHOOLS
1700239556
46908008
267644467
- 0
- 0
- 0
(7466895)
(7466895)
(7300771)
(6082530)
- 0
- 0
07098
NEW MEXICO STATE UNIVERSITY
2740590573
75610313
431412093
- 0
- 0
- 0
(12035775)
(12035775)
(11768003)
(9804339)
- 0
- 0
07335
ALMA DARTE CHARTER HIGH SCHOOL
14804322
00408437
2330432
- 0
- 0
- 0
(65016)
(65016)
(63569)
(52962)
- 0
- 0
07337
LA ACADEMIA DOLORES HUERTA
9581137
00264335
1508224
- 0
- 0
- 0
(42077)
(42077)
(41141)
(34276)
- 0
- 0
07338
LAS MONTANAS CHARTER HIGH SCHOOL
14737236
00406586
2319870
- 0
- 0
- 0
(64721)
(64721)
(63281)
(52722)
- 0
- 0
07339
ANTHONY CHARTER SCHOOL
5217470
00143945
821311
- 0
- 0
- 0
(22913)
(22913)
(22404)
(18665)
- 0
- 0
07420
J PAUL TAYLOR ACADEMY
10921121
00301303
1719154
- 0
- 0
- 0
(47962)
(47962)
(46895)
(39070)
- 0
- 0
07421
NEW AMERICA SCHOOL-LAS CRUCES
12850101
00354522
2022807
- 0
- 0
- 0
(56433)
(56433)
(55178)
(45971)
- 0
- 0
08024
COBRE CONSOLIDATED SCHOOLS
107900060
02976861
16985168
- 0
- 0
- 0
(473862)
(473862)
(463319)
(386008)
- 0
- 0
08026
SILVER CONSOLIDATED SCHOOLS
223923812
06177847
35249132
- 0
- 0
- 0
(983400)
(983400)
(961521)
(801077)
- 0
- 0
08099
WESTERN NEW MEXICO UNIVERSITY
228493287
06303915
35968442
- 0
- 0
- 0
(1003468)
(1003468)
(981142)
(817424)
- 0
- 0
08347
ALDO LEOPOLD HIGH SCHOOL
11975600
00330396
1885151
- 0
- 0
- 0
(52593)
(52593)
(51423)
(42842)
- 0
- 0
09027
CIMARRON MUNICIPAL SCHOOLS
33888261
00934945
5334544
- 0
- 0
- 0
(148826)
(148826)
(145515)
(121234)
- 0
- 0
09028
MAXWELL MUNICIPAL SCHOOLS
15196104
00419246
2392105
- 0
- 0
- 0
(66736)
(66736)
(65252)
(54363)
- 0
- 0
09029
RATON PUBLIC SCHOOLS
80720720
02227009
12706714
- 0
- 0
- 0
(354499)
(354499)
(346612)
(288775)
- 0
- 0
09030
SPRINGER MUNICIPAL SCHOOLS
19298679
00532432
3037914
- 0
- 0
- 0
(84753)
(84753)
(82868)
(69040)
- 0
- 0
09150
HIGH PLAINS REGIONAL EDUCATIONAL COOP 3
12699970
00350380
1999174
- 0
- 0
- 0
(55774)
(55774)
(54533)
(45434)
- 0
- 0
09324
MORENO VALLEY HIGH SCHOOL
7446232
00205435
1172157
- 0
- 0
- 0
(32701)
(32701)
(31974)
(26639)
- 0
- 0
10032
SAN JON SCHOOLS
14631539
00403670
2303232
- 0
- 0
- 0
(64257)
(64257)
(62827)
(52344)
- 0
- 0
10033
TUCUMCARI PUBLIC SCHOOLS
74492978
02055191
11726367
- 0
- 0
- 0
(327149)
(327149)
(319870)
(266495)
- 0
- 0
10119
HOUSE MUNICIPAL SCHOOLS
14003541
00386345
2204381
- 0
- 0
- 0
(61499)
(61499)
(60131)
(50097)
- 0
- 0
10120
LOGAN MUNICIPAL SCHOOLS
25199979
00695244
3966875
- 0
- 0
- 0
(110670)
(110670)
(108208)
(90152)
- 0
- 0
10141
MESALANDS COMMUNITY COLLEGE
35425739
00977363
5576570
- 0
- 0
- 0
(155578)
(155578)
(152117)
(126734)
- 0
- 0
11034
ELIDA MUNICIPAL SCHOOLS
14152846
00390464
2227882
- 0
- 0
- 0
(62155)
(62155)
(60772)
(50631)
- 0
- 0
11035
PORTALES MUNICIPAL SCHOOLS
202486725
05586418
31874597
- 0
- 0
- 0
(889255)
(889255)
(869471)
(724387)
- 0
- 0
11101
EASTERN NEW MEXICO UNIVERSITY - PORTALES
321726936
08876143
50644883
- 0
- 0
- 0
(1412919)
(1412919)
(1381485)
(1150964)
- 0
- 0
11102
EASTERN NM UNIVERSITY - ROSWELL
132681232
03660550
20886113
- 0
- 0
- 0
(582692)
(582692)
(569729)
(474661)
- 0
- 0
11117
DORA CONSOLIDATED SCHOOLS
23215804
00640502
3654532
- 0
- 0
- 0
(101956)
(101956)
(99688)
(83053)
- 0
- 0
11118
FLOYD MUNICIPAL SCHOOLS
22040516
00608077
3469524
- 0
- 0
- 0
(96795)
(96795)
(94641)
(78849)
- 0
- 0
12037
LAS VEGAS CITY SCHOOLS
125424467
03460343
19743786
- 0
- 0
- 0
(550823)
(550823)
(538568)
(448700)
- 0
- 0
12038
WEST LAS VEGAS SCHOOLS
135571770
03740297
21341128
- 0
- 0
- 0
(595387)
(595387)
(582141)
(485002)
- 0
- 0
12039
PECOS INDEPENDENT SCHOOLS
57989889
01599886
9128519
- 0
- 0
- 0
(254673)
(254673)
(249007)
(207456)
- 0
- 0
12102
NEW MEXICO HIGHLANDS UNIVERSITY
293679047
08102328
46229703
- 0
- 0
- 0
(1289742)
(1289742)
(1261048)
(1050624)
- 0
- 0
12128
LUNA COMMUNITY COLLEGE
77802974
02146511
12247414
- 0
- 0
- 0
(341685)
(341685)
(334083)
(278337)
- 0
- 0
12150
PECOS VALLEY REC 8
6405772
00176729
1008368
- 0
- 0
- 0
(28132)
(28132)
(27506)
(22916)
- 0
- 0
12151
NORTHEAST REGIONAL EDUCATION COOP
7566786
00208760
1191128
- 0
- 0
- 0
(33231)
(33231)
(32491)
(27070)
- 0
- 0
13041
GALLUP MCKINLEY COUNTY SCHOOLS
874308315
24121343
137629890
- 0
- 0
- 0
(3839676)
(3839676)
(3754250)
(3127799)
- 0
- 0
13142
ZUNI PUBLIC SCHOOLS
130100988
03589364
20479945
- 0
- 0
- 0
(571361)
(571361)
(558649)
(465430)
- 0
- 0
13369
MIDDLE COLLEGE HIGH SCHOOL
5022305
00138561
790592
- 0
- 0
- 0
(22056)
(22056)
(21566)
(17967)
- 0
- 0
13430
UPLIFT COMMUNITY SCHOOL
8929543
00246358
1405652
- 0
- 0
- 0
(39216)
(39216)
(38343)
(31945)
- 0
- 0
14043
BELEN CONSOLIDATED SCHOOLS
282020844
07780689
44394517
- 0
- 0
- 0
(1238543)
(1238543)
(1210988)
(1008917)
- 0
- 0
14044
GRANTS-CIBOLA COUNTY SCHOOLS
270364497
07459102
42559628
- 0
- 0
- 0
(1187352)
(1187352)
(1160936)
(967217)
- 0
- 0
14045
LOS LUNAS SCHOOLS
516619864
14253055
81324095
- 0
- 0
- 0
(2268825)
(2268825)
(2218348)
(1848184)
- 0
- 0
14366
SCHOOL OF DREAMS ACADEMY
16804216
00463612
2645245
- 0
- 0
- 0
(73799)
(73799)
(72157)
(60116)
- 0
- 0
15046
ALAMOGORDO PUBLIC SCHOOLS
369877443
10204570
58224529
- 0
- 0
- 0
(1624380)
(1624380)
(1588241)
(1323220)
- 0
- 0
15047
CLOUDCROFT MUNICIPAL SCHOOLS
30771554
00848958
4843926
- 0
- 0
- 0
(135139)
(135139)
(132132)
(110084)
- 0
- 0
15049
TULAROSA MUNICIPAL SCHOOLS
68396924
01887007
10766754
- 0
- 0
- 0
(300377)
(300377)
(293694)
(244687)
- 0
- 0
15104
NEW MEXICO SCHOOL FT BLIND amp VISUALLY IMPAIRED
79976142
02206466
12589501
- 0
- 0
- 0
(351229)
(351229)
(343415)
(286111)
- 0
- 0
16050
AZTEC MUNICIPAL SCHOOLS
187894163
05183823
29577499
- 0
- 0
- 0
(825170)
(825170)
(806811)
(672183)
- 0
- 0
16051
BLOOMFIELD SCHOOLS
209183372
05771172
32928754
- 0
- 0
- 0
(918665)
(918665)
(898226)
(748344)
- 0
- 0
16052
FARMINGTON MUNICIPAL SCHOOLS
709808631
19582952
111735053
- 0
- 0
- 0
(3117247)
(3117247)
(3047894)
(2539308)
- 0
- 0
16053
CENTRAL CONSOLIDATED SCHOOLS
497242938
13718464
78273863
- 0
- 0
- 0
(2183728)
(2183728)
(2135144)
(1778864)
- 0
- 0
16155
SAN JUAN COLLEGE
372723272
10283084
58672509
- 0
- 0
- 0
(1636878)
(1636878)
(1600461)
(1333401)
- 0
- 0
16356
MOSAIC ACADEMY CHARTER
10488019
00289355
1650982
- 0
- 0
- 0
(46060)
(46060)
(45035)
(37520)
- 0
- 0
16357
CARINOS CHARTER SCHOOL
17209176
00474785
2708995
- 0
- 0
- 0
(75577)
(75577)
(73896)
(61565)
- 0
- 0
16358
NEW MEXICO VIRTUAL ACADEMY
8945064
00246786
1408094
- 0
- 0
- 0
(39284)
(39284)
(38410)
(32001)
- 0
- 0
17054
ESPANOLA PUBLIC SCHOOLS
260245590
07179931
40966754
- 0
- 0
- 0
(1142913)
(1142913)
(1117486)
(931017)
- 0
- 0
17105
NORTHERN NEW MEXICO COLLEGE
128311258
03539987
20198213
- 0
- 0
- 0
(563501)
(563501)
(550964)
(459028)
- 0
- 0
17115
DULCE INDEPENDENT SCHOOLS
63542017
01753064
10002511
- 0
- 0
- 0
(279056)
(279056)
(272847)
(227319)
- 0
- 0
17126
CHAMA VALLEY SCHOOLS
41127543
01134670
6474122
- 0
- 0
- 0
(180619)
(180619)
(176600)
(147132)
- 0
- 0
17127
MESA VISTA CONSOLIDATED SCHOOLS
36319862
01002031
5717319
- 0
- 0
- 0
(159505)
(159505)
(155956)
(129933)
- 0
- 0
17334
LINDRITH AREA HERITAGE SCHOOL
1999722
00055170
314785
- 0
- 0
- 0
(8782)
(8782)
(8587)
(7154)
- 0
- 0
17424
MC CURDY CHARTER SCHOOL
26341385
00726734
4146549
- 0
- 0
- 0
(115683)
(115683)
(113109)
(94235)
- 0
- 0
17425
LA TIERRA MONTESSORI SCHOOL
3636882
00100338
572502
- 0
- 0
- 0
(15972)
(15972)
(15617)
(13011)
- 0
- 0
18056
CLAYTON MUNICIPAL SCHOOLS
41375879
01141522
6513217
- 0
- 0
- 0
(181709)
(181709)
(177667)
(148020)
- 0
- 0
18057
DES MOINES MUNICIPAL SCHOOLS
12824909
00353827
2018842
- 0
- 0
- 0
(56323)
(56323)
(55070)
(45881)
- 0
- 0
19059
DEMING PUBLIC SCHOOLS
358423873
09888577
56421558
- 0
- 0
- 0
(1574080)
(1574080)
(1539060)
(1282245)
- 0
- 0
19301
DEMING CESAR CHAVEZ CHARTER HIGH SCHOOL
10654211
00293940
1677143
- 0
- 0
- 0
(46790)
(46790)
(45749)
(38115)
- 0
- 0
20060
PENASCO INDEPENDENT SCHOOLS
43124424
01189762
6788462
- 0
- 0
- 0
(189388)
(189388)
(185175)
(154276)
- 0
- 0
20062
TAOS MUNICIPAL SCHOOLS
185250055
05110875
29161277
- 0
- 0
- 0
(813558)
(813558)
(795458)
(662724)
- 0
- 0
20125
QUESTA INDEPENDENT SCHOOLS
53837543
01485327
8474876
- 0
- 0
- 0
(236437)
(236437)
(231177)
(192601)
- 0
- 0
20265
TAOS ACADEMY CHARTER SCHOOL
11325900
00312471
1782875
- 0
- 0
- 0
(49740)
(49740)
(48633)
(40518)
- 0
- 0
20266
La Jicarita Community School
2194276
00060538
345414
- 0
- 0
- 0
(9637)
(9637)
(9422)
(7850)
- 0
- 0
20307
TAOS CHARTER SCHOOL
10997820
00303419
1731227
- 0
- 0
- 0
(48299)
(48299)
(47224)
(39344)
- 0
- 0
20312
RED RIVER VALLEY CHARTER SCHOOLS
4685520
00129269
737574
- 0
- 0
- 0
(20577)
(20577)
(20119)
(16762)
- 0
- 0
20316
ANANSI CHARTER SCHOOL
8137027
00224493
1280897
- 0
- 0
- 0
(35735)
(35735)
(34940)
(29110)
- 0
- 0
20317
VISTA GRANDE HIGH SCHOOL
6300504
00173825
991799
- 0
- 0
- 0
(27670)
(27670)
(27054)
(22540)
- 0
- 0
20415
TAOS INTEGRATED SCHOOL OF THE ARTS
6209169
00171305
977420
- 0
- 0
- 0
(27269)
(27269)
(26662)
(22213)
- 0
- 0
21063
TRUTH OR CONSEQUENCES MUNICIPAL SCHOOLS
108041191
02980755
17007386
- 0
- 0
- 0
(474482)
(474482)
(463925)
(386513)
- 0
- 0
21150
SOUTHWEST REGIONAL ED COOPERATIVE 10
13050923
00360063
2054423
- 0
- 0
- 0
(57315)
(57315)
(56040)
(46689)
- 0
- 0
22065
ESTANCIA MUNICPAL SCHOOLS
61525804
01697439
9685130
- 0
- 0
- 0
(270201)
(270201)
(264190)
(220106)
- 0
- 0
22066
MORIARTY-EDGEWOOD SCHOOL DISTRICT
195971575
05406671
30849009
- 0
- 0
- 0
(860643)
(860643)
(841495)
(701079)
- 0
- 0
22067
MOUNTAINAIR PUBLIC SCHOOLS
25324156
00698670
3986423
- 0
- 0
- 0
(111215)
(111215)
(108741)
(90596)
- 0
- 0
22201
ESTANCIA VALLEY CLASSICAL ACADEMY
17772159
00490317
2797617
- 0
- 0
- 0
(78049)
(78049)
(76313)
(63579)
- 0
- 0
23070
LORDSBURG MUNICIPAL SCHOOLS
51096743
01409711
8043431
- 0
- 0
- 0
(224400)
(224400)
(219408)
(182796)
- 0
- 0
23121
ANIMAS PUBLIC SCHOOLS
19292757
00532269
3036984
- 0
- 0
- 0
(84727)
(84727)
(82842)
(69019)
- 0
- 0
24072
SANTA ROSA CONSOLIDATED SCHOOLS
56809634
01567324
8942729
- 0
- 0
- 0
(249489)
(249489)
(243939)
(203234)
- 0
- 0
24073
VAUGHN MUNICIPAL SCHOOLS
12288412
00339026
1934391
- 0
- 0
- 0
(53967)
(53967)
(52766)
(43961)
- 0
- 0
25075
MAGDELENA MUNICIPAL SCHOOLS
39388022
01086678
6200292
- 0
- 0
- 0
(172979)
(172979)
(169131)
(140909)
- 0
- 0
25076
SOCORRO CONSOLIDATED SCHOOLS
119743612
03303613
18849526
- 0
- 0
- 0
(525875)
(525875)
(514175)
(428377)
- 0
- 0
25106
NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY
472350274
13031699
74355367
- 0
- 0
- 0
(2074408)
(2074408)
(2028256)
(1689812)
- 0
- 0
25319
COTTONWOOD VALLEY CHARTER SCHOOLS
11134970
00307203
1752818
- 0
- 0
- 0
(48901)
(48901)
(47813)
(39835)
- 0
- 0
26077
CAPITAN MUNICIPAL SCHOOLS
35934847
00991409
5656713
- 0
- 0
- 0
(157814)
(157814)
(154303)
(128555)
- 0
- 0
26078
CARRIZOZO MUNICIPAL SCHOOLS
15641987
00431548
2462297
- 0
- 0
- 0
(68695)
(68695)
(67166)
(55959)
- 0
- 0
26079
CORONA PUBLIC SCHOOLS
13583697
00374761
2138285
- 0
- 0
- 0
(59655)
(59655)
(58328)
(48595)
- 0
- 0
26080
HONDO VALLEY PUBLIC SCHOOLS
16942484
00467427
2667013
- 0
- 0
- 0
(74406)
(74406)
(72750)
(60611)
- 0
- 0
26081
RUIDOSO MUNICIPAL SCHOOL DISTRICT
125672227
03467178
19782784
- 0
- 0
- 0
(551911)
(551911)
(539632)
(449587)
- 0
- 0
26150
REGION IX EDUCATIONAL COOPERATIVE
31729042
00875374
4994648
- 0
- 0
- 0
(139343)
(139343)
(136243)
(113509)
- 0
- 0
27083
FORT SUMNER MUNICIPAL SCHOOLS
30489477
00841176
4799524
- 0
- 0
- 0
(133900)
(133900)
(130921)
(109075)
- 0
- 0
28084
QUEMADO INDEPENDENT SCHOOLS
17595257
00485437
2769773
- 0
- 0
- 0
(77273)
(77273)
(75554)
(62946)
- 0
- 0
28085
RESERVE INDEPENDENT SCHOOLS
18999938
00524190
2990887
- 0
- 0
- 0
(83441)
(83441)
(81585)
(67971)
- 0
- 0
29086
BERNALILLO PUBLIC SCHOOLS
256481726
07076089
40374259
- 0
- 0
- 0
(1126384)
(1126384)
(1101324)
(917552)
- 0
- 0
29087
CUBA INDEPENDENT SCHOOLS
56653909
01563028
8918217
- 0
- 0
- 0
(248805)
(248805)
(243270)
(202677)
- 0
- 0
29088
JEMEZ VALLEY PUBLIC SCHOOLS
30896483
00852405
4863593
- 0
- 0
- 0
(135687)
(135687)
(132668)
(110531)
- 0
- 0
29122
JEMEZ MOUNTAIN SCHOOL DISTRICT
31276427
00862887
4923401
- 0
- 0
- 0
(137356)
(137356)
(134300)
(111890)
- 0
- 0
29123
RIO RANCHO PUBLIC SCHOOLS
1067726236
29457561
168076913
- 0
- 0
- 0
(4689104)
(4689104)
(4584780)
(3819742)
- 0
- 0
29150
NORTHWEST REGIONAL EDUCATION 2
4890736
00134931
769880
- 0
- 0
- 0
(21479)
(21479)
(21001)
(17496)
- 0
- 0
29305
SAN DIEGO RIVERSIDE CHARTER SCHOOL
6815857
00188043
1072923
- 0
- 0
- 0
(29933)
(29933)
(29267)
(24383)
- 0
- 0
29330
WALATOWA CHARTER HIGH SCHOOL
6020020
00166087
947648
- 0
- 0
- 0
(26438)
(26438)
(25850)
(21536)
- 0
- 0
29408
THE ASK ACADEMY
13515142
00372870
2127496
- 0
- 0
- 0
(59354)
(59354)
(58034)
(48350)
- 0
- 0
30089
MORA INDEPENDENT SCHOOLS
46556291
01284444
7328692
- 0
- 0
- 0
(204460)
(204460)
(199911)
(166553)
- 0
- 0
30090
WAGON MOUND PUBLIC SCHOOLS
15846572
00437192
2494500
- 0
- 0
- 0
(69593)
(69593)
(68045)
(56690)
- 0
- 0
31091
MOSQUERO MUNICIPAL SCHOOLS
8360043
00230646
1316004
- 0
- 0
- 0
(36715)
(36715)
(35898)
(29908)
- 0
- 0
31092
ROY MUNICIPAL SCHOOLS
9840797
00271498
1549095
- 0
- 0
- 0
(43218)
(43218)
(42256)
(35205)
- 0
- 0
32093
LOS ALAMOS PUBLIC SCHOOLS
313613561
08652303
49367712
- 0
- 0
- 0
(1377288)
(1377288)
(1346646)
(1121938)
- 0
- 0
36246253697
1000000000
5705730817
- 0
- 0
- 0
(159181664)
(159181664)
(155640186)
(129669335)
- 0
- 0
New Mexico Educational Retirement Board
Schedule of Collective Pension Amounts
As of and for the year ended June 30 2014
Net Pension Liability (775 Discount)
$ 5705730813
Net Pension Liability -- 100 Decrease (675 Discount)
$ 7763304829
Net Pension Liability -- 100 Increase (875 Discount)
$ 3987098791
Deferred Outflows of Resources
Differences Between Expected and Actual Experience
$ 0
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
0
Changes in Assumptions
0
Total Deferred Outflows of Resources Excluding Employer-Specific Amounts
$ 0
Deferred Inflows of Resources
Differences Between Expected and Actual Experience
$ 84995487
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
518677364
Changes inf Assumptions
0
Total Deferred Inflows of Resources Excluding Employer-Specific Amounts
$ 603672851
Pension Plan Expense
$ 395014052
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
How Will Each Districtrsquos Allocation be Calculated
Your districtrsquos employer contributionTotal employer contributions
How ERB Will Help Employers with GASB 68 Disclosures
In FY15 ERB will provide all employers this audited informationbull Each employerrsquos share of the Net Pension Liability and change from
prior period (Pension Expense)bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries prior period adjustment for
NPL and language for financial statement disclosures may require customization
In FY16 and future years ERB will provide all employers this audited information
bull Each employerrsquos share of the change in Net Pension Liability (Pension Expense)
bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries and language for financial
statement disclosures may require customization
15
16
ERBrsquos Implementation Plan
bull Produce annual audited schedules engaging ERBrsquos actuary and auditor to provide an opinion onbull Employer Allocationsbull Collective Pension Amounts and Required Supplementary
Informationbull Schedules include detail information for employers financials
bull ERB will comply with AICPA best practices that will allow the employerrsquos auditor to rely on ERBrsquos auditorrsquos opinion on proportionate shares
bull Employers have responsibility to report accurate census data to ERBbull Employers assume responsibility for presentation of the information
used in their own financial statements
17
New Mexico Educational Retirement BoardSchedule of Collective Pension AmountsAs of and for the year ended June 30 2014
Net Pension Liability (775 Discount) 5705730813$ Net Pension Liability -- 100 Decrease (675 Discount) 7763304829$ Net Pension Liability -- 100 Increase (875 Discount) 3987098791$
Deferred Outflows of ResourcesDifferences Between Expected and Actual Experience 0$ Net Difference Between Projected and Actual Investment Earnings on Plan 0Changes in Assumptions 0Total Deferred Outflows of Resources Excluding Employer-Specific Amounts 0$
Deferred Inflows of ResourcesDifferences Between Expected and Actual Experience 84995487$ Net Difference Between Projected and Actual Investment Earnings on Plan Investments 518677364Changes inf Assumptions 0Total Deferred Inflows of Resources Excluding Employer-Specific Amounts 603672851$
Pension Plan Expense 395014052$
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
ERBrsquos GASB 68 Collective Amounts
68_Collective Info
68_Shares
18
19
20
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Notes to Financial StatementsSummary of Significant Accounting Policies Basis of Accounting For purposes of
measuring the net pension liability deferred outflows of resources and deferred inflows of resources related to pensions and pension expense information about the fiduciary net position of the ERB and additions todeductions from ERBrsquos fiduciary net position have been determined on the same basis as they are reported by ERB Plan For this purpose benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms Investments are reported at fair value
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense At June 30 2015 the University of ABC (UABC) reported a liability of $14910 for its proportionate share of the net pension liability The net pension liability was measured as of June 30 2015 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as June 30 2014 UABCrsquos proportion of the net pension liability was based on UABCrsquos contributions to ERB for the year ending June 30 2015 relative to the total contribution for all employers participating in ERB a projection of the long-term share of contributions to the pension plan relative to projected contributions of all participating school districts actuarially determined At June 30 2015 UABCrsquos proportion was XX percent which was an increase of XX percent from its proportion measured as of June 30 2014
Sample Employer GASB 68 Disclosures
21
Sample Employer GASB 68 Disclosureshellipcont
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense (Cont)For the year ended June 30 2015 UABC recognized pension expense of $2394 At June 30 2015 reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources
Payable to the Pension Plan At June 30 2015 UABC reported a payable of $5432 for the outstanding contributions to the pension plan required for the year ended June 30 2015
Deferred Outflowsof Resources
Deferred Inflowsof Resources
Differences between expected and actual experience $ 2657 $ 142
Changes of assumptions 1714 130
Net difference between projected and actual earnings on pension plan investments
- 2194
Changes in proportion and differences between UABC contributions and proportionate share of contributions
753 156
UABC contributions subsequent to the measurement date 1065 -
Total $ 6189 $ 2622
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Questions
22
Appendix A page 1ERB Actuarials at a Glance
23
Fiscal Year 63012 63013 63014 63014GASB 67
UAAL $62B $65B $63B $57B
Funded Ratio 607 601 631 669
Funding Period Infinite 951 years 421 years Not applicable
Funding Policy
Contribution1759 1747 1632 Not applicable
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
New Mexico Educational Retirement Board
Deferred Outflows
Deferred Inflows
Schedule of Employer-Specific Pension Amounts
of Resources
of Resources
Pension Expense
Subsequent Recognition of Deferred Amounts
As of and for the year ended June 30 2014
Net Amortization
of Deferred
Amounts from
Changes in
Changes in
Changes in
Proportion
Proportion
Proportion
and Differences
and Differences
and Differences
Between
Between
Between
Employer
Employer
Employer
Contributions
Contributions
Contributions
and Proportionate
and Proportionate
and Proportionate
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Net Pension Liability
Share of
Share of
Share of
Ending
Ending
Ending
Ending
Ending
ER Code
Employer Name
Contribution
Employer Allocation Percentage
(775 Discount)
Contributions
Contributions
Contributions
2015
2016
2017
2018
2019
Thereafter
01001
POJOAQUE VALLEY SCHOOLS
130138115
03590388
20485787
- 0
- 0
- 0
(571524)
(571524)
(558809)
(465563)
- 0
- 0
01002
SANTA FE PUBLIC SCHOOLS
903846552
24936275
142279673
- 0
- 0
- 0
(3969398)
(3969398)
(3881086)
(3233470)
- 0
- 0
01003
SANTA FE COMMUNITY COLLEGE
285623563
07880085
44961644
- 0
- 0
- 0
(1254365)
(1254365)
(1226458)
(1021805)
- 0
- 0
01094
NEW MEXICO SCHOOL FOR THE DEAF
55303678
01525776
8705667
- 0
- 0
- 0
(242876)
(242876)
(237472)
(197846)
- 0
- 0
01301
THE ACADEMY FOR TECHNOLOGY amp THE CLASSICS
22265370
00614281
3504922
- 0
- 0
- 0
(97782)
(97782)
(95607)
(79653)
- 0
- 0
01306
MONTE DEL SOL CHARTER SCHOOL
27346513
00754465
4304774
- 0
- 0
- 0
(120097)
(120097)
(117425)
(97831)
- 0
- 0
01315
TURQUOISE TRAIL CHARTER SCHOOL
29690099
00819122
4673690
- 0
- 0
- 0
(130389)
(130389)
(127488)
(106215)
- 0
- 0
01341
STATE OF NEW MEXICO
121504115
03352184
19126660
- 0
- 0
- 0
(533606)
(533606)
(521735)
(434675)
- 0
- 0
01343
TIERRA ENCANTADA CHARTER SCHOOL
18916878
00521899
2977815
- 0
- 0
- 0
(83077)
(83077)
(81228)
(67674)
- 0
- 0
01398
THE MASTERS PROGRAM
11557405
00318858
1819318
- 0
- 0
- 0
(50756)
(50756)
(49627)
(41346)
- 0
- 0
01416
NEW MEXICO SCHOOL FOR THE ARTS
14899946
00411075
2345483
- 0
- 0
- 0
(65436)
(65436)
(63980)
(53304)
- 0
- 0
01418
New Mexico Connections Academy
10201256
00281443
1605838
- 0
- 0
- 0
(44801)
(44801)
(43804)
(36495)
- 0
- 0
02003
ALBUQUERQUE PUBLIC SCHOOLS
6164408173
170070218
970374883
- 0
- 0
- 0
(27072060)
(27072060)
(26469760)
(22052893)
- 0
- 0
02095
UNIVERSITY OF NEW MEXICO
5918270140
163279499
931628869
- 0
- 0
- 0
(25991102)
(25991102)
(25412851)
(21172345)
- 0
- 0
02123
CENTRAL NEW MEXICO COMMUNITY COLLEGE
965367901
26633591
151964101
- 0
- 0
- 0
(4239579)
(4239579)
(4145257)
(3453560)
- 0
- 0
02148
NEW MEXICO ACTIVITIES ASSOCIATION
13674332
00377262
2152555
- 0
- 0
- 0
(60053)
(60053)
(58717)
(48919)
- 0
- 0
02150
CENTRAL REGIONAL EDUCATION COOP
32918525
00908191
5181893
- 0
- 0
- 0
(144567)
(144567)
(141351)
(117765)
- 0
- 0
02295
UNIVERSITY HOSPITALS
38915116
01073631
6125849
- 0
- 0
- 0
(170902)
(170902)
(167100)
(139217)
- 0
- 0
02303
AMY BIEHL HIGH SCHOOL
24086383
00664521
3791578
- 0
- 0
- 0
(105780)
(105780)
(103426)
(86168)
- 0
- 0
02304
EAST MOUNTAIN HIGH SCHOOL
24508244
00676159
3857981
- 0
- 0
- 0
(107632)
(107632)
(105238)
(87677)
- 0
- 0
02308
TWENTY-FIRST CENTURY PUBLIC ACADEMY
10638203
00293498
1674621
- 0
- 0
- 0
(46720)
(46720)
(45680)
(38058)
- 0
- 0
02309
SOUTH VALLEY ACADEMY
27055891
00746447
4259026
- 0
- 0
- 0
(118821)
(118821)
(116177)
(96791)
- 0
- 0
02310
SOUTHWEST SECONDARY LEARNING CENTER
12754266
00351878
2007721
- 0
- 0
- 0
(56013)
(56013)
(54766)
(45628)
- 0
- 0
02311
NUESTROS VALORES CHARTER SCHOOL
8467810
00233619
1332967
- 0
- 0
- 0
(37188)
(37188)
(36361)
(30293)
- 0
- 0
02313
ROOTS AND WINGS COMMUNITY SCHOOL
3195446
00088159
503012
- 0
- 0
- 0
(14033)
(14033)
(13721)
(11432)
- 0
- 0
02314
THE LEARNING COMMUNITY CHARTER
12127601
00334589
1909075
- 0
- 0
- 0
(53260)
(53260)
(52075)
(43386)
- 0
- 0
02318
ROBERT F KENNEDY CHARTER SCHOOL
19636783
00541760
3091137
- 0
- 0
- 0
(86238)
(86238)
(84320)
(70250)
- 0
- 0
02320
PUBLIC ACADEMY FOR PERFORMING ARTS
22952684
00633243
3613114
- 0
- 0
- 0
(100801)
(100801)
(98558)
(82112)
- 0
- 0
02322
LOS PUENTES CHARTER SCHOOL
15963339
00440413
2512878
- 0
- 0
- 0
(70106)
(70106)
(68546)
(57108)
- 0
- 0
02323
EL CAMINO REAL ACADEMY
25600416
00706291
4029906
- 0
- 0
- 0
(112429)
(112429)
(109927)
(91584)
- 0
- 0
02327
HORIZON ACADEMY WEST
22209646
00612743
3496147
- 0
- 0
- 0
(97537)
(97537)
(95367)
(79454)
- 0
- 0
02328
NORTH VALLEY ACADEMY
21177733
00584274
3333710
- 0
- 0
- 0
(93006)
(93006)
(90937)
(75762)
- 0
- 0
02329
LA ACADEMIA DE ESPERANZA
32216102
00888812
5071322
- 0
- 0
- 0
(141483)
(141483)
(138335)
(115252)
- 0
- 0
02331
LA ACADEMIA DE LENGUA Y CULTURA
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02334
MONTESSORI OF THE RIO GRANDE CHARTER SCHOOL
13170269
00363355
2073206
- 0
- 0
- 0
(57839)
(57839)
(56553)
(47116)
- 0
- 0
02336
CESAR CHAVEZ COMMUNITY SCHOOL
13344118
00368152
2100576
- 0
- 0
- 0
(58603)
(58603)
(57299)
(47738)
- 0
- 0
02338
CREATIVE EDUCATION PREPARATORY INSTITUTE 1
13923018
00384123
2191702
- 0
- 0
- 0
(61145)
(61145)
(59785)
(49809)
- 0
- 0
02339
GILBERT L SENA CHARTER HIGH SCHOOL
13971841
00385470
2199388
- 0
- 0
- 0
(61360)
(61360)
(59995)
(49984)
- 0
- 0
02340
SCHOOL FOR INTEGRATED ACADEMICS amp TECHNOLOGIES
17385947
00479662
2736822
- 0
- 0
- 0
(76353)
(76353)
(74655)
(62197)
- 0
- 0
02341
ALB INSTITUTE FOR MATH AND SCIENCE UNM
17455816
00481590
2747823
- 0
- 0
- 0
(76660)
(76660)
(74955)
(62447)
- 0
- 0
02342
MOUNTAIN MAHOGONY COMMUNITY
11336352
00312759
1784519
- 0
- 0
- 0
(49785)
(49785)
(48678)
(40555)
- 0
- 0
02343
LA PROMESA EARLY LEARNING
22284215
00614801
3507889
- 0
- 0
- 0
(97865)
(97865)
(95688)
(79721)
- 0
- 0
02344
ACADEMY OF TRADES AND TECHNOLOGY (YOUTH BUILD CO)
9306534
00256759
1464998
- 0
- 0
- 0
(40871)
(40871)
(39962)
(33294)
- 0
- 0
02345
SOUTHWEST INTERMEDIATE LEARNING CTR (LA LUZ DEL M)
6003345
00165627
945023
- 0
- 0
- 0
(26365)
(26365)
(25778)
(21477)
- 0
- 0
02346
SOUTHWEST PRIMARY LEARNING CENTER
6508031
00179550
1024464
- 0
- 0
- 0
(28581)
(28581)
(27945)
(23282)
- 0
- 0
02350
DIGITAL ARTS AND TECHNOLOGY ACADEMY
18276643
00504235
2877029
- 0
- 0
- 0
(80265)
(80265)
(78479)
(65384)
- 0
- 0
02351
THE MONTESSORI ELEMENTARY SCHOOL
15956095
00440214
2511743
- 0
- 0
- 0
(70074)
(70074)
(68515)
(57082)
- 0
- 0
02353
CHRISTINE DUNCANS HERITAGE ACADEMY
11567894
00319147
1820967
- 0
- 0
- 0
(50802)
(50802)
(49672)
(41384)
- 0
- 0
02354
NATIVE AMERICAN COMMUNITY ACADEMY
24618203
00679193
3875292
- 0
- 0
- 0
(108115)
(108115)
(105710)
(88071)
- 0
- 0
02355
RALPH J BUNCHE ACADEMY
5170362
00142645
813894
- 0
- 0
- 0
(22706)
(22706)
(22201)
(18497)
- 0
- 0
02356
ALICE KING COMMUNITY SCHOOL(N ALB COOP C C)
15945481
00439921
2510071
- 0
- 0
- 0
(70027)
(70027)
(68469)
(57044)
- 0
- 0
02357
LA RESOLANA LEADERSHIP ACADEMY
5266902
00145309
829094
- 0
- 0
- 0
(23131)
(23131)
(22616)
(18842)
- 0
- 0
02358
VILLAGE ACADEMY CHARTER SCHOOL
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02360
BATAAN MILITARY ACADEMY
9938807
00274202
1564523
- 0
- 0
- 0
(43648)
(43648)
(42677)
(35556)
- 0
- 0
02361
ALBUQUERQUE TALENT DEVELOPMENT SECONDARY CHARTER
11434102
00315456
1799907
- 0
- 0
- 0
(50215)
(50215)
(49098)
(40905)
- 0
- 0
02362
GORDON BERNELL CHARTER SCHOOL
32236740
00889381
5074569
- 0
- 0
- 0
(141573)
(141573)
(138423)
(115325)
- 0
- 0
02363
CORRALES INTERNATIONAL SCHOOL
17491523
00482575
2753443
- 0
- 0
- 0
(76817)
(76817)
(75108)
(62575)
- 0
- 0
02364
COTTONWOOD CLASSICAL PREP SCHOOL
27174715
00749725
4277729
- 0
- 0
- 0
(119342)
(119342)
(116687)
(97216)
- 0
- 0
02365
MEDIA ARTS COLLABORATIVE CHARTER SCHOOL
12988950
00358353
2044666
- 0
- 0
- 0
(57043)
(57043)
(55774)
(46467)
- 0
- 0
02366
THE NEW AMERICA SCHOOL
15162026
00418306
2386741
- 0
- 0
- 0
(66587)
(66587)
(65105)
(54241)
- 0
- 0
02367
CIEN AGUAS INTERNATIONAL SCHOOL
16645455
00459232
2620254
- 0
- 0
- 0
(73101)
(73101)
(71475)
(59548)
- 0
- 0
02368
THE INTERNATIONAL SCH AT MESA DEL SOL
15953529
00440143
2511337
- 0
- 0
- 0
(70063)
(70063)
(68504)
(57073)
- 0
- 0
02370
TIERRA ADENTRO OF NEW MEXICO
14574532
00402098
2294263
- 0
- 0
- 0
(64007)
(64007)
(62583)
(52140)
- 0
- 0
02390
ACE LEADERSHIP HIGH SCHOOL
21477933
00592556
3380965
- 0
- 0
- 0
(94324)
(94324)
(92226)
(76836)
- 0
- 0
02396
SOUTH VALLEY PREPARATORY SCHOOL
9352262
00258020
1472193
- 0
- 0
- 0
(41072)
(41072)
(40158)
(33457)
- 0
- 0
02402
ALBUQUERQUE SIGN LANGUAGE ACADEMY
12136863
00334845
1910535
- 0
- 0
- 0
(53301)
(53301)
(52115)
(43419)
- 0
- 0
02412
ALBUQUERQUE SCHOOL OF EXCELLENCE
12941978
00357057
2037271
- 0
- 0
- 0
(56837)
(56837)
(55572)
(46299)
- 0
- 0
02413
THE GREAT ACADEMY
9104631
00251188
1433211
- 0
- 0
- 0
(39985)
(39985)
(39095)
(32571)
- 0
- 0
02414
THE NEW MEXICO INTERNATIONAL SCHOOL
9093315
00250876
1431431
- 0
- 0
- 0
(39935)
(39935)
(39046)
(32531)
- 0
- 0
02417
WILLIAM W amp JOSEPHINE DORN CHARTER COMMUNITY SCHOO
2499702
00068964
393490
- 0
- 0
- 0
(10978)
(10978)
(10734)
(8943)
- 0
- 0
02418
SAGE MONTESSORI CHARTER SCHOOL
7486288
00206540
1178462
- 0
- 0
- 0
(32877)
(32877)
(32146)
(26782)
- 0
- 0
02420
SOUTHWEST AERONAUTICS MATH amp SCIENCE ACADEMY
9312685
00256928
1465962
- 0
- 0
- 0
(40898)
(40898)
(39988)
(33316)
- 0
- 0
02421
CORAL COMMUNITY CHARTER SCHOOL
5518744
00152257
868737
- 0
- 0
- 0
(24237)
(24237)
(23697)
(19743)
- 0
- 0
02425
MISSION ACHIEVEMENT AND SUCCESS CHARTER SCHOOL
15952839
00440124
2511229
- 0
- 0
- 0
(70060)
(70060)
(68501)
(57071)
- 0
- 0
02430
Health Leadership Community School
9697716
00267551
1526574
- 0
- 0
- 0
(42589)
(42589)
(41642)
(34693)
- 0
- 0
03004
ARTESIA PUBLIC SCHOOLS
249203786
06875298
39228600
- 0
- 0
- 0
(1094421)
(1094421)
(1070073)
(891515)
- 0
- 0
03005
CARLSBAD MUNICIPAL SCHOOLS
457710863
12627812
72050896
- 0
- 0
- 0
(2010116)
(2010116)
(1965395)
(1637440)
- 0
- 0
03006
LOVING MUNICIPAL SCHOOLS
45366532
01251620
7141407
- 0
- 0
- 0
(199235)
(199235)
(194802)
(162297)
- 0
- 0
03321
JEFFERSON MONTESSORI ACADEMY
14230129
00392596
2240047
- 0
- 0
- 0
(62494)
(62494)
(61104)
(50908)
- 0
- 0
04008
DEXTER CONSOLIDATED SCHOOLS
74126962
02045093
11668750
- 0
- 0
- 0
(325541)
(325541)
(318299)
(265186)
- 0
- 0
04009
HAGERMAN MUNICIPAL SCHOOLS
35432505
00977549
5577631
- 0
- 0
- 0
(155608)
(155608)
(152146)
(126758)
- 0
- 0
04010
LAKE ARTHUR MUNICIPAL SCHOOLS
13637822
00376255
2146810
- 0
- 0
- 0
(59893)
(59893)
(58560)
(48789)
- 0
- 0
04011
ROSWELL INDEPENDENT SCHOOLS
615946152
16993374
96959618
- 0
- 0
- 0
(2705034)
(2705034)
(2644852)
(2203520)
- 0
- 0
04097
NEW MEXICO MILITARY INSTITUTE
168542271
04649923
26531209
- 0
- 0
- 0
(740182)
(740182)
(723715)
(602952)
- 0
- 0
04317
SIDNEY GUTIERREZ MIDDLE SCHOOL
4080477
00112577
642334
- 0
- 0
- 0
(17920)
(17920)
(17522)
(14598)
- 0
- 0
05011
CLOVIS COMMUNITY COLLEGE
91114505
02513763
14342855
- 0
- 0
- 0
(400145)
(400145)
(391243)
(325958)
- 0
- 0
05012
CLOVIS MUNICIPAL SCHOOLS
529906737
14619628
83415662
- 0
- 0
- 0
(2327177)
(2327177)
(2275402)
(1895717)
- 0
- 0
05013
GRADY MUNICIPAL SCHOOLS
13422095
00370303
2112849
- 0
- 0
- 0
(58945)
(58945)
(57634)
(48017)
- 0
- 0
05014
MELROSE SCHOOLS
20092869
00554343
3162932
- 0
- 0
- 0
(88241)
(88241)
(86278)
(71881)
- 0
- 0
05015
TEXICO MUNICIPAL SCHOOLS
46844881
01292406
7374121
- 0
- 0
- 0
(205727)
(205727)
(201150)
(167585)
- 0
- 0
05016
REGIONAL EDUCATIONAL CENTER 6
8833229
00243700
1390487
- 0
- 0
- 0
(38793)
(38793)
(37930)
(31600)
- 0
- 0
06016
EUNICE PUBLIC SCHOOLS
47356967
01306534
7454731
- 0
- 0
- 0
(207976)
(207976)
(203349)
(169417)
- 0
- 0
06017
HOBBS MUNICIPAL SCHOOLS
528484026
14580377
83191706
- 0
- 0
- 0
(2320929)
(2320929)
(2269293)
(1890628)
- 0
- 0
06018
JAL PUBLIC SCHOOLS
34332805
00947210
5404525
- 0
- 0
- 0
(150778)
(150778)
(147424)
(122824)
- 0
- 0
06019
LOVINGTON MUNICIPAL SCHOOLS
228661774
06308563
35994962
- 0
- 0
- 0
(1004208)
(1004208)
(981866)
(818027)
- 0
- 0
06020
TATUM MUNICIPAL SCHOOLS
32371140
00893089
5095725
- 0
- 0
- 0
(142163)
(142163)
(139001)
(115806)
- 0
- 0
06124
NEW MEXICO JUNIOR COLLEGE
143512547
03959376
22591134
- 0
- 0
- 0
(630260)
(630260)
(616238)
(513410)
- 0
- 0
06150
REGIONAL EDUCATIONAL COOP 7
2672852
00073741
420746
- 0
- 0
- 0
(11738)
(11738)
(11477)
(9562)
- 0
- 0
07021
GADSDEN INDEPENDENT SCHOOLS
954445594
26332255
150244759
- 0
- 0
- 0
(4191612)
(4191612)
(4098357)
(3414486)
- 0
- 0
07022
HATCH VALLEY PUBLIC SCHOOLS
101411144
02797838
15963710
- 0
- 0
- 0
(445365)
(445365)
(435456)
(362794)
- 0
- 0
07023
LAS CRUCES PUBLIC SCHOOLS
1700239556
46908008
267644467
- 0
- 0
- 0
(7466895)
(7466895)
(7300771)
(6082530)
- 0
- 0
07098
NEW MEXICO STATE UNIVERSITY
2740590573
75610313
431412093
- 0
- 0
- 0
(12035775)
(12035775)
(11768003)
(9804339)
- 0
- 0
07335
ALMA DARTE CHARTER HIGH SCHOOL
14804322
00408437
2330432
- 0
- 0
- 0
(65016)
(65016)
(63569)
(52962)
- 0
- 0
07337
LA ACADEMIA DOLORES HUERTA
9581137
00264335
1508224
- 0
- 0
- 0
(42077)
(42077)
(41141)
(34276)
- 0
- 0
07338
LAS MONTANAS CHARTER HIGH SCHOOL
14737236
00406586
2319870
- 0
- 0
- 0
(64721)
(64721)
(63281)
(52722)
- 0
- 0
07339
ANTHONY CHARTER SCHOOL
5217470
00143945
821311
- 0
- 0
- 0
(22913)
(22913)
(22404)
(18665)
- 0
- 0
07420
J PAUL TAYLOR ACADEMY
10921121
00301303
1719154
- 0
- 0
- 0
(47962)
(47962)
(46895)
(39070)
- 0
- 0
07421
NEW AMERICA SCHOOL-LAS CRUCES
12850101
00354522
2022807
- 0
- 0
- 0
(56433)
(56433)
(55178)
(45971)
- 0
- 0
08024
COBRE CONSOLIDATED SCHOOLS
107900060
02976861
16985168
- 0
- 0
- 0
(473862)
(473862)
(463319)
(386008)
- 0
- 0
08026
SILVER CONSOLIDATED SCHOOLS
223923812
06177847
35249132
- 0
- 0
- 0
(983400)
(983400)
(961521)
(801077)
- 0
- 0
08099
WESTERN NEW MEXICO UNIVERSITY
228493287
06303915
35968442
- 0
- 0
- 0
(1003468)
(1003468)
(981142)
(817424)
- 0
- 0
08347
ALDO LEOPOLD HIGH SCHOOL
11975600
00330396
1885151
- 0
- 0
- 0
(52593)
(52593)
(51423)
(42842)
- 0
- 0
09027
CIMARRON MUNICIPAL SCHOOLS
33888261
00934945
5334544
- 0
- 0
- 0
(148826)
(148826)
(145515)
(121234)
- 0
- 0
09028
MAXWELL MUNICIPAL SCHOOLS
15196104
00419246
2392105
- 0
- 0
- 0
(66736)
(66736)
(65252)
(54363)
- 0
- 0
09029
RATON PUBLIC SCHOOLS
80720720
02227009
12706714
- 0
- 0
- 0
(354499)
(354499)
(346612)
(288775)
- 0
- 0
09030
SPRINGER MUNICIPAL SCHOOLS
19298679
00532432
3037914
- 0
- 0
- 0
(84753)
(84753)
(82868)
(69040)
- 0
- 0
09150
HIGH PLAINS REGIONAL EDUCATIONAL COOP 3
12699970
00350380
1999174
- 0
- 0
- 0
(55774)
(55774)
(54533)
(45434)
- 0
- 0
09324
MORENO VALLEY HIGH SCHOOL
7446232
00205435
1172157
- 0
- 0
- 0
(32701)
(32701)
(31974)
(26639)
- 0
- 0
10032
SAN JON SCHOOLS
14631539
00403670
2303232
- 0
- 0
- 0
(64257)
(64257)
(62827)
(52344)
- 0
- 0
10033
TUCUMCARI PUBLIC SCHOOLS
74492978
02055191
11726367
- 0
- 0
- 0
(327149)
(327149)
(319870)
(266495)
- 0
- 0
10119
HOUSE MUNICIPAL SCHOOLS
14003541
00386345
2204381
- 0
- 0
- 0
(61499)
(61499)
(60131)
(50097)
- 0
- 0
10120
LOGAN MUNICIPAL SCHOOLS
25199979
00695244
3966875
- 0
- 0
- 0
(110670)
(110670)
(108208)
(90152)
- 0
- 0
10141
MESALANDS COMMUNITY COLLEGE
35425739
00977363
5576570
- 0
- 0
- 0
(155578)
(155578)
(152117)
(126734)
- 0
- 0
11034
ELIDA MUNICIPAL SCHOOLS
14152846
00390464
2227882
- 0
- 0
- 0
(62155)
(62155)
(60772)
(50631)
- 0
- 0
11035
PORTALES MUNICIPAL SCHOOLS
202486725
05586418
31874597
- 0
- 0
- 0
(889255)
(889255)
(869471)
(724387)
- 0
- 0
11101
EASTERN NEW MEXICO UNIVERSITY - PORTALES
321726936
08876143
50644883
- 0
- 0
- 0
(1412919)
(1412919)
(1381485)
(1150964)
- 0
- 0
11102
EASTERN NM UNIVERSITY - ROSWELL
132681232
03660550
20886113
- 0
- 0
- 0
(582692)
(582692)
(569729)
(474661)
- 0
- 0
11117
DORA CONSOLIDATED SCHOOLS
23215804
00640502
3654532
- 0
- 0
- 0
(101956)
(101956)
(99688)
(83053)
- 0
- 0
11118
FLOYD MUNICIPAL SCHOOLS
22040516
00608077
3469524
- 0
- 0
- 0
(96795)
(96795)
(94641)
(78849)
- 0
- 0
12037
LAS VEGAS CITY SCHOOLS
125424467
03460343
19743786
- 0
- 0
- 0
(550823)
(550823)
(538568)
(448700)
- 0
- 0
12038
WEST LAS VEGAS SCHOOLS
135571770
03740297
21341128
- 0
- 0
- 0
(595387)
(595387)
(582141)
(485002)
- 0
- 0
12039
PECOS INDEPENDENT SCHOOLS
57989889
01599886
9128519
- 0
- 0
- 0
(254673)
(254673)
(249007)
(207456)
- 0
- 0
12102
NEW MEXICO HIGHLANDS UNIVERSITY
293679047
08102328
46229703
- 0
- 0
- 0
(1289742)
(1289742)
(1261048)
(1050624)
- 0
- 0
12128
LUNA COMMUNITY COLLEGE
77802974
02146511
12247414
- 0
- 0
- 0
(341685)
(341685)
(334083)
(278337)
- 0
- 0
12150
PECOS VALLEY REC 8
6405772
00176729
1008368
- 0
- 0
- 0
(28132)
(28132)
(27506)
(22916)
- 0
- 0
12151
NORTHEAST REGIONAL EDUCATION COOP
7566786
00208760
1191128
- 0
- 0
- 0
(33231)
(33231)
(32491)
(27070)
- 0
- 0
13041
GALLUP MCKINLEY COUNTY SCHOOLS
874308315
24121343
137629890
- 0
- 0
- 0
(3839676)
(3839676)
(3754250)
(3127799)
- 0
- 0
13142
ZUNI PUBLIC SCHOOLS
130100988
03589364
20479945
- 0
- 0
- 0
(571361)
(571361)
(558649)
(465430)
- 0
- 0
13369
MIDDLE COLLEGE HIGH SCHOOL
5022305
00138561
790592
- 0
- 0
- 0
(22056)
(22056)
(21566)
(17967)
- 0
- 0
13430
UPLIFT COMMUNITY SCHOOL
8929543
00246358
1405652
- 0
- 0
- 0
(39216)
(39216)
(38343)
(31945)
- 0
- 0
14043
BELEN CONSOLIDATED SCHOOLS
282020844
07780689
44394517
- 0
- 0
- 0
(1238543)
(1238543)
(1210988)
(1008917)
- 0
- 0
14044
GRANTS-CIBOLA COUNTY SCHOOLS
270364497
07459102
42559628
- 0
- 0
- 0
(1187352)
(1187352)
(1160936)
(967217)
- 0
- 0
14045
LOS LUNAS SCHOOLS
516619864
14253055
81324095
- 0
- 0
- 0
(2268825)
(2268825)
(2218348)
(1848184)
- 0
- 0
14366
SCHOOL OF DREAMS ACADEMY
16804216
00463612
2645245
- 0
- 0
- 0
(73799)
(73799)
(72157)
(60116)
- 0
- 0
15046
ALAMOGORDO PUBLIC SCHOOLS
369877443
10204570
58224529
- 0
- 0
- 0
(1624380)
(1624380)
(1588241)
(1323220)
- 0
- 0
15047
CLOUDCROFT MUNICIPAL SCHOOLS
30771554
00848958
4843926
- 0
- 0
- 0
(135139)
(135139)
(132132)
(110084)
- 0
- 0
15049
TULAROSA MUNICIPAL SCHOOLS
68396924
01887007
10766754
- 0
- 0
- 0
(300377)
(300377)
(293694)
(244687)
- 0
- 0
15104
NEW MEXICO SCHOOL FT BLIND amp VISUALLY IMPAIRED
79976142
02206466
12589501
- 0
- 0
- 0
(351229)
(351229)
(343415)
(286111)
- 0
- 0
16050
AZTEC MUNICIPAL SCHOOLS
187894163
05183823
29577499
- 0
- 0
- 0
(825170)
(825170)
(806811)
(672183)
- 0
- 0
16051
BLOOMFIELD SCHOOLS
209183372
05771172
32928754
- 0
- 0
- 0
(918665)
(918665)
(898226)
(748344)
- 0
- 0
16052
FARMINGTON MUNICIPAL SCHOOLS
709808631
19582952
111735053
- 0
- 0
- 0
(3117247)
(3117247)
(3047894)
(2539308)
- 0
- 0
16053
CENTRAL CONSOLIDATED SCHOOLS
497242938
13718464
78273863
- 0
- 0
- 0
(2183728)
(2183728)
(2135144)
(1778864)
- 0
- 0
16155
SAN JUAN COLLEGE
372723272
10283084
58672509
- 0
- 0
- 0
(1636878)
(1636878)
(1600461)
(1333401)
- 0
- 0
16356
MOSAIC ACADEMY CHARTER
10488019
00289355
1650982
- 0
- 0
- 0
(46060)
(46060)
(45035)
(37520)
- 0
- 0
16357
CARINOS CHARTER SCHOOL
17209176
00474785
2708995
- 0
- 0
- 0
(75577)
(75577)
(73896)
(61565)
- 0
- 0
16358
NEW MEXICO VIRTUAL ACADEMY
8945064
00246786
1408094
- 0
- 0
- 0
(39284)
(39284)
(38410)
(32001)
- 0
- 0
17054
ESPANOLA PUBLIC SCHOOLS
260245590
07179931
40966754
- 0
- 0
- 0
(1142913)
(1142913)
(1117486)
(931017)
- 0
- 0
17105
NORTHERN NEW MEXICO COLLEGE
128311258
03539987
20198213
- 0
- 0
- 0
(563501)
(563501)
(550964)
(459028)
- 0
- 0
17115
DULCE INDEPENDENT SCHOOLS
63542017
01753064
10002511
- 0
- 0
- 0
(279056)
(279056)
(272847)
(227319)
- 0
- 0
17126
CHAMA VALLEY SCHOOLS
41127543
01134670
6474122
- 0
- 0
- 0
(180619)
(180619)
(176600)
(147132)
- 0
- 0
17127
MESA VISTA CONSOLIDATED SCHOOLS
36319862
01002031
5717319
- 0
- 0
- 0
(159505)
(159505)
(155956)
(129933)
- 0
- 0
17334
LINDRITH AREA HERITAGE SCHOOL
1999722
00055170
314785
- 0
- 0
- 0
(8782)
(8782)
(8587)
(7154)
- 0
- 0
17424
MC CURDY CHARTER SCHOOL
26341385
00726734
4146549
- 0
- 0
- 0
(115683)
(115683)
(113109)
(94235)
- 0
- 0
17425
LA TIERRA MONTESSORI SCHOOL
3636882
00100338
572502
- 0
- 0
- 0
(15972)
(15972)
(15617)
(13011)
- 0
- 0
18056
CLAYTON MUNICIPAL SCHOOLS
41375879
01141522
6513217
- 0
- 0
- 0
(181709)
(181709)
(177667)
(148020)
- 0
- 0
18057
DES MOINES MUNICIPAL SCHOOLS
12824909
00353827
2018842
- 0
- 0
- 0
(56323)
(56323)
(55070)
(45881)
- 0
- 0
19059
DEMING PUBLIC SCHOOLS
358423873
09888577
56421558
- 0
- 0
- 0
(1574080)
(1574080)
(1539060)
(1282245)
- 0
- 0
19301
DEMING CESAR CHAVEZ CHARTER HIGH SCHOOL
10654211
00293940
1677143
- 0
- 0
- 0
(46790)
(46790)
(45749)
(38115)
- 0
- 0
20060
PENASCO INDEPENDENT SCHOOLS
43124424
01189762
6788462
- 0
- 0
- 0
(189388)
(189388)
(185175)
(154276)
- 0
- 0
20062
TAOS MUNICIPAL SCHOOLS
185250055
05110875
29161277
- 0
- 0
- 0
(813558)
(813558)
(795458)
(662724)
- 0
- 0
20125
QUESTA INDEPENDENT SCHOOLS
53837543
01485327
8474876
- 0
- 0
- 0
(236437)
(236437)
(231177)
(192601)
- 0
- 0
20265
TAOS ACADEMY CHARTER SCHOOL
11325900
00312471
1782875
- 0
- 0
- 0
(49740)
(49740)
(48633)
(40518)
- 0
- 0
20266
La Jicarita Community School
2194276
00060538
345414
- 0
- 0
- 0
(9637)
(9637)
(9422)
(7850)
- 0
- 0
20307
TAOS CHARTER SCHOOL
10997820
00303419
1731227
- 0
- 0
- 0
(48299)
(48299)
(47224)
(39344)
- 0
- 0
20312
RED RIVER VALLEY CHARTER SCHOOLS
4685520
00129269
737574
- 0
- 0
- 0
(20577)
(20577)
(20119)
(16762)
- 0
- 0
20316
ANANSI CHARTER SCHOOL
8137027
00224493
1280897
- 0
- 0
- 0
(35735)
(35735)
(34940)
(29110)
- 0
- 0
20317
VISTA GRANDE HIGH SCHOOL
6300504
00173825
991799
- 0
- 0
- 0
(27670)
(27670)
(27054)
(22540)
- 0
- 0
20415
TAOS INTEGRATED SCHOOL OF THE ARTS
6209169
00171305
977420
- 0
- 0
- 0
(27269)
(27269)
(26662)
(22213)
- 0
- 0
21063
TRUTH OR CONSEQUENCES MUNICIPAL SCHOOLS
108041191
02980755
17007386
- 0
- 0
- 0
(474482)
(474482)
(463925)
(386513)
- 0
- 0
21150
SOUTHWEST REGIONAL ED COOPERATIVE 10
13050923
00360063
2054423
- 0
- 0
- 0
(57315)
(57315)
(56040)
(46689)
- 0
- 0
22065
ESTANCIA MUNICPAL SCHOOLS
61525804
01697439
9685130
- 0
- 0
- 0
(270201)
(270201)
(264190)
(220106)
- 0
- 0
22066
MORIARTY-EDGEWOOD SCHOOL DISTRICT
195971575
05406671
30849009
- 0
- 0
- 0
(860643)
(860643)
(841495)
(701079)
- 0
- 0
22067
MOUNTAINAIR PUBLIC SCHOOLS
25324156
00698670
3986423
- 0
- 0
- 0
(111215)
(111215)
(108741)
(90596)
- 0
- 0
22201
ESTANCIA VALLEY CLASSICAL ACADEMY
17772159
00490317
2797617
- 0
- 0
- 0
(78049)
(78049)
(76313)
(63579)
- 0
- 0
23070
LORDSBURG MUNICIPAL SCHOOLS
51096743
01409711
8043431
- 0
- 0
- 0
(224400)
(224400)
(219408)
(182796)
- 0
- 0
23121
ANIMAS PUBLIC SCHOOLS
19292757
00532269
3036984
- 0
- 0
- 0
(84727)
(84727)
(82842)
(69019)
- 0
- 0
24072
SANTA ROSA CONSOLIDATED SCHOOLS
56809634
01567324
8942729
- 0
- 0
- 0
(249489)
(249489)
(243939)
(203234)
- 0
- 0
24073
VAUGHN MUNICIPAL SCHOOLS
12288412
00339026
1934391
- 0
- 0
- 0
(53967)
(53967)
(52766)
(43961)
- 0
- 0
25075
MAGDELENA MUNICIPAL SCHOOLS
39388022
01086678
6200292
- 0
- 0
- 0
(172979)
(172979)
(169131)
(140909)
- 0
- 0
25076
SOCORRO CONSOLIDATED SCHOOLS
119743612
03303613
18849526
- 0
- 0
- 0
(525875)
(525875)
(514175)
(428377)
- 0
- 0
25106
NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY
472350274
13031699
74355367
- 0
- 0
- 0
(2074408)
(2074408)
(2028256)
(1689812)
- 0
- 0
25319
COTTONWOOD VALLEY CHARTER SCHOOLS
11134970
00307203
1752818
- 0
- 0
- 0
(48901)
(48901)
(47813)
(39835)
- 0
- 0
26077
CAPITAN MUNICIPAL SCHOOLS
35934847
00991409
5656713
- 0
- 0
- 0
(157814)
(157814)
(154303)
(128555)
- 0
- 0
26078
CARRIZOZO MUNICIPAL SCHOOLS
15641987
00431548
2462297
- 0
- 0
- 0
(68695)
(68695)
(67166)
(55959)
- 0
- 0
26079
CORONA PUBLIC SCHOOLS
13583697
00374761
2138285
- 0
- 0
- 0
(59655)
(59655)
(58328)
(48595)
- 0
- 0
26080
HONDO VALLEY PUBLIC SCHOOLS
16942484
00467427
2667013
- 0
- 0
- 0
(74406)
(74406)
(72750)
(60611)
- 0
- 0
26081
RUIDOSO MUNICIPAL SCHOOL DISTRICT
125672227
03467178
19782784
- 0
- 0
- 0
(551911)
(551911)
(539632)
(449587)
- 0
- 0
26150
REGION IX EDUCATIONAL COOPERATIVE
31729042
00875374
4994648
- 0
- 0
- 0
(139343)
(139343)
(136243)
(113509)
- 0
- 0
27083
FORT SUMNER MUNICIPAL SCHOOLS
30489477
00841176
4799524
- 0
- 0
- 0
(133900)
(133900)
(130921)
(109075)
- 0
- 0
28084
QUEMADO INDEPENDENT SCHOOLS
17595257
00485437
2769773
- 0
- 0
- 0
(77273)
(77273)
(75554)
(62946)
- 0
- 0
28085
RESERVE INDEPENDENT SCHOOLS
18999938
00524190
2990887
- 0
- 0
- 0
(83441)
(83441)
(81585)
(67971)
- 0
- 0
29086
BERNALILLO PUBLIC SCHOOLS
256481726
07076089
40374259
- 0
- 0
- 0
(1126384)
(1126384)
(1101324)
(917552)
- 0
- 0
29087
CUBA INDEPENDENT SCHOOLS
56653909
01563028
8918217
- 0
- 0
- 0
(248805)
(248805)
(243270)
(202677)
- 0
- 0
29088
JEMEZ VALLEY PUBLIC SCHOOLS
30896483
00852405
4863593
- 0
- 0
- 0
(135687)
(135687)
(132668)
(110531)
- 0
- 0
29122
JEMEZ MOUNTAIN SCHOOL DISTRICT
31276427
00862887
4923401
- 0
- 0
- 0
(137356)
(137356)
(134300)
(111890)
- 0
- 0
29123
RIO RANCHO PUBLIC SCHOOLS
1067726236
29457561
168076913
- 0
- 0
- 0
(4689104)
(4689104)
(4584780)
(3819742)
- 0
- 0
29150
NORTHWEST REGIONAL EDUCATION 2
4890736
00134931
769880
- 0
- 0
- 0
(21479)
(21479)
(21001)
(17496)
- 0
- 0
29305
SAN DIEGO RIVERSIDE CHARTER SCHOOL
6815857
00188043
1072923
- 0
- 0
- 0
(29933)
(29933)
(29267)
(24383)
- 0
- 0
29330
WALATOWA CHARTER HIGH SCHOOL
6020020
00166087
947648
- 0
- 0
- 0
(26438)
(26438)
(25850)
(21536)
- 0
- 0
29408
THE ASK ACADEMY
13515142
00372870
2127496
- 0
- 0
- 0
(59354)
(59354)
(58034)
(48350)
- 0
- 0
30089
MORA INDEPENDENT SCHOOLS
46556291
01284444
7328692
- 0
- 0
- 0
(204460)
(204460)
(199911)
(166553)
- 0
- 0
30090
WAGON MOUND PUBLIC SCHOOLS
15846572
00437192
2494500
- 0
- 0
- 0
(69593)
(69593)
(68045)
(56690)
- 0
- 0
31091
MOSQUERO MUNICIPAL SCHOOLS
8360043
00230646
1316004
- 0
- 0
- 0
(36715)
(36715)
(35898)
(29908)
- 0
- 0
31092
ROY MUNICIPAL SCHOOLS
9840797
00271498
1549095
- 0
- 0
- 0
(43218)
(43218)
(42256)
(35205)
- 0
- 0
32093
LOS ALAMOS PUBLIC SCHOOLS
313613561
08652303
49367712
- 0
- 0
- 0
(1377288)
(1377288)
(1346646)
(1121938)
- 0
- 0
36246253697
1000000000
5705730817
- 0
- 0
- 0
(159181664)
(159181664)
(155640186)
(129669335)
- 0
- 0
New Mexico Educational Retirement Board
Schedule of Collective Pension Amounts
As of and for the year ended June 30 2014
Net Pension Liability (775 Discount)
$ 5705730813
Net Pension Liability -- 100 Decrease (675 Discount)
$ 7763304829
Net Pension Liability -- 100 Increase (875 Discount)
$ 3987098791
Deferred Outflows of Resources
Differences Between Expected and Actual Experience
$ 0
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
0
Changes in Assumptions
0
Total Deferred Outflows of Resources Excluding Employer-Specific Amounts
$ 0
Deferred Inflows of Resources
Differences Between Expected and Actual Experience
$ 84995487
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
518677364
Changes inf Assumptions
0
Total Deferred Inflows of Resources Excluding Employer-Specific Amounts
$ 603672851
Pension Plan Expense
$ 395014052
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
How ERB Will Help Employers with GASB 68 Disclosures
In FY15 ERB will provide all employers this audited informationbull Each employerrsquos share of the Net Pension Liability and change from
prior period (Pension Expense)bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries prior period adjustment for
NPL and language for financial statement disclosures may require customization
In FY16 and future years ERB will provide all employers this audited information
bull Each employerrsquos share of the change in Net Pension Liability (Pension Expense)
bull Each employerrsquos share of Deferred InflowsOutflowsbull Each employerrsquos related journal entries and language for financial
statement disclosures may require customization
15
16
ERBrsquos Implementation Plan
bull Produce annual audited schedules engaging ERBrsquos actuary and auditor to provide an opinion onbull Employer Allocationsbull Collective Pension Amounts and Required Supplementary
Informationbull Schedules include detail information for employers financials
bull ERB will comply with AICPA best practices that will allow the employerrsquos auditor to rely on ERBrsquos auditorrsquos opinion on proportionate shares
bull Employers have responsibility to report accurate census data to ERBbull Employers assume responsibility for presentation of the information
used in their own financial statements
17
New Mexico Educational Retirement BoardSchedule of Collective Pension AmountsAs of and for the year ended June 30 2014
Net Pension Liability (775 Discount) 5705730813$ Net Pension Liability -- 100 Decrease (675 Discount) 7763304829$ Net Pension Liability -- 100 Increase (875 Discount) 3987098791$
Deferred Outflows of ResourcesDifferences Between Expected and Actual Experience 0$ Net Difference Between Projected and Actual Investment Earnings on Plan 0Changes in Assumptions 0Total Deferred Outflows of Resources Excluding Employer-Specific Amounts 0$
Deferred Inflows of ResourcesDifferences Between Expected and Actual Experience 84995487$ Net Difference Between Projected and Actual Investment Earnings on Plan Investments 518677364Changes inf Assumptions 0Total Deferred Inflows of Resources Excluding Employer-Specific Amounts 603672851$
Pension Plan Expense 395014052$
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
ERBrsquos GASB 68 Collective Amounts
68_Collective Info
68_Shares
18
19
20
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Notes to Financial StatementsSummary of Significant Accounting Policies Basis of Accounting For purposes of
measuring the net pension liability deferred outflows of resources and deferred inflows of resources related to pensions and pension expense information about the fiduciary net position of the ERB and additions todeductions from ERBrsquos fiduciary net position have been determined on the same basis as they are reported by ERB Plan For this purpose benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms Investments are reported at fair value
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense At June 30 2015 the University of ABC (UABC) reported a liability of $14910 for its proportionate share of the net pension liability The net pension liability was measured as of June 30 2015 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as June 30 2014 UABCrsquos proportion of the net pension liability was based on UABCrsquos contributions to ERB for the year ending June 30 2015 relative to the total contribution for all employers participating in ERB a projection of the long-term share of contributions to the pension plan relative to projected contributions of all participating school districts actuarially determined At June 30 2015 UABCrsquos proportion was XX percent which was an increase of XX percent from its proportion measured as of June 30 2014
Sample Employer GASB 68 Disclosures
21
Sample Employer GASB 68 Disclosureshellipcont
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense (Cont)For the year ended June 30 2015 UABC recognized pension expense of $2394 At June 30 2015 reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources
Payable to the Pension Plan At June 30 2015 UABC reported a payable of $5432 for the outstanding contributions to the pension plan required for the year ended June 30 2015
Deferred Outflowsof Resources
Deferred Inflowsof Resources
Differences between expected and actual experience $ 2657 $ 142
Changes of assumptions 1714 130
Net difference between projected and actual earnings on pension plan investments
- 2194
Changes in proportion and differences between UABC contributions and proportionate share of contributions
753 156
UABC contributions subsequent to the measurement date 1065 -
Total $ 6189 $ 2622
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Questions
22
Appendix A page 1ERB Actuarials at a Glance
23
Fiscal Year 63012 63013 63014 63014GASB 67
UAAL $62B $65B $63B $57B
Funded Ratio 607 601 631 669
Funding Period Infinite 951 years 421 years Not applicable
Funding Policy
Contribution1759 1747 1632 Not applicable
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
New Mexico Educational Retirement Board
Deferred Outflows
Deferred Inflows
Schedule of Employer-Specific Pension Amounts
of Resources
of Resources
Pension Expense
Subsequent Recognition of Deferred Amounts
As of and for the year ended June 30 2014
Net Amortization
of Deferred
Amounts from
Changes in
Changes in
Changes in
Proportion
Proportion
Proportion
and Differences
and Differences
and Differences
Between
Between
Between
Employer
Employer
Employer
Contributions
Contributions
Contributions
and Proportionate
and Proportionate
and Proportionate
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Net Pension Liability
Share of
Share of
Share of
Ending
Ending
Ending
Ending
Ending
ER Code
Employer Name
Contribution
Employer Allocation Percentage
(775 Discount)
Contributions
Contributions
Contributions
2015
2016
2017
2018
2019
Thereafter
01001
POJOAQUE VALLEY SCHOOLS
130138115
03590388
20485787
- 0
- 0
- 0
(571524)
(571524)
(558809)
(465563)
- 0
- 0
01002
SANTA FE PUBLIC SCHOOLS
903846552
24936275
142279673
- 0
- 0
- 0
(3969398)
(3969398)
(3881086)
(3233470)
- 0
- 0
01003
SANTA FE COMMUNITY COLLEGE
285623563
07880085
44961644
- 0
- 0
- 0
(1254365)
(1254365)
(1226458)
(1021805)
- 0
- 0
01094
NEW MEXICO SCHOOL FOR THE DEAF
55303678
01525776
8705667
- 0
- 0
- 0
(242876)
(242876)
(237472)
(197846)
- 0
- 0
01301
THE ACADEMY FOR TECHNOLOGY amp THE CLASSICS
22265370
00614281
3504922
- 0
- 0
- 0
(97782)
(97782)
(95607)
(79653)
- 0
- 0
01306
MONTE DEL SOL CHARTER SCHOOL
27346513
00754465
4304774
- 0
- 0
- 0
(120097)
(120097)
(117425)
(97831)
- 0
- 0
01315
TURQUOISE TRAIL CHARTER SCHOOL
29690099
00819122
4673690
- 0
- 0
- 0
(130389)
(130389)
(127488)
(106215)
- 0
- 0
01341
STATE OF NEW MEXICO
121504115
03352184
19126660
- 0
- 0
- 0
(533606)
(533606)
(521735)
(434675)
- 0
- 0
01343
TIERRA ENCANTADA CHARTER SCHOOL
18916878
00521899
2977815
- 0
- 0
- 0
(83077)
(83077)
(81228)
(67674)
- 0
- 0
01398
THE MASTERS PROGRAM
11557405
00318858
1819318
- 0
- 0
- 0
(50756)
(50756)
(49627)
(41346)
- 0
- 0
01416
NEW MEXICO SCHOOL FOR THE ARTS
14899946
00411075
2345483
- 0
- 0
- 0
(65436)
(65436)
(63980)
(53304)
- 0
- 0
01418
New Mexico Connections Academy
10201256
00281443
1605838
- 0
- 0
- 0
(44801)
(44801)
(43804)
(36495)
- 0
- 0
02003
ALBUQUERQUE PUBLIC SCHOOLS
6164408173
170070218
970374883
- 0
- 0
- 0
(27072060)
(27072060)
(26469760)
(22052893)
- 0
- 0
02095
UNIVERSITY OF NEW MEXICO
5918270140
163279499
931628869
- 0
- 0
- 0
(25991102)
(25991102)
(25412851)
(21172345)
- 0
- 0
02123
CENTRAL NEW MEXICO COMMUNITY COLLEGE
965367901
26633591
151964101
- 0
- 0
- 0
(4239579)
(4239579)
(4145257)
(3453560)
- 0
- 0
02148
NEW MEXICO ACTIVITIES ASSOCIATION
13674332
00377262
2152555
- 0
- 0
- 0
(60053)
(60053)
(58717)
(48919)
- 0
- 0
02150
CENTRAL REGIONAL EDUCATION COOP
32918525
00908191
5181893
- 0
- 0
- 0
(144567)
(144567)
(141351)
(117765)
- 0
- 0
02295
UNIVERSITY HOSPITALS
38915116
01073631
6125849
- 0
- 0
- 0
(170902)
(170902)
(167100)
(139217)
- 0
- 0
02303
AMY BIEHL HIGH SCHOOL
24086383
00664521
3791578
- 0
- 0
- 0
(105780)
(105780)
(103426)
(86168)
- 0
- 0
02304
EAST MOUNTAIN HIGH SCHOOL
24508244
00676159
3857981
- 0
- 0
- 0
(107632)
(107632)
(105238)
(87677)
- 0
- 0
02308
TWENTY-FIRST CENTURY PUBLIC ACADEMY
10638203
00293498
1674621
- 0
- 0
- 0
(46720)
(46720)
(45680)
(38058)
- 0
- 0
02309
SOUTH VALLEY ACADEMY
27055891
00746447
4259026
- 0
- 0
- 0
(118821)
(118821)
(116177)
(96791)
- 0
- 0
02310
SOUTHWEST SECONDARY LEARNING CENTER
12754266
00351878
2007721
- 0
- 0
- 0
(56013)
(56013)
(54766)
(45628)
- 0
- 0
02311
NUESTROS VALORES CHARTER SCHOOL
8467810
00233619
1332967
- 0
- 0
- 0
(37188)
(37188)
(36361)
(30293)
- 0
- 0
02313
ROOTS AND WINGS COMMUNITY SCHOOL
3195446
00088159
503012
- 0
- 0
- 0
(14033)
(14033)
(13721)
(11432)
- 0
- 0
02314
THE LEARNING COMMUNITY CHARTER
12127601
00334589
1909075
- 0
- 0
- 0
(53260)
(53260)
(52075)
(43386)
- 0
- 0
02318
ROBERT F KENNEDY CHARTER SCHOOL
19636783
00541760
3091137
- 0
- 0
- 0
(86238)
(86238)
(84320)
(70250)
- 0
- 0
02320
PUBLIC ACADEMY FOR PERFORMING ARTS
22952684
00633243
3613114
- 0
- 0
- 0
(100801)
(100801)
(98558)
(82112)
- 0
- 0
02322
LOS PUENTES CHARTER SCHOOL
15963339
00440413
2512878
- 0
- 0
- 0
(70106)
(70106)
(68546)
(57108)
- 0
- 0
02323
EL CAMINO REAL ACADEMY
25600416
00706291
4029906
- 0
- 0
- 0
(112429)
(112429)
(109927)
(91584)
- 0
- 0
02327
HORIZON ACADEMY WEST
22209646
00612743
3496147
- 0
- 0
- 0
(97537)
(97537)
(95367)
(79454)
- 0
- 0
02328
NORTH VALLEY ACADEMY
21177733
00584274
3333710
- 0
- 0
- 0
(93006)
(93006)
(90937)
(75762)
- 0
- 0
02329
LA ACADEMIA DE ESPERANZA
32216102
00888812
5071322
- 0
- 0
- 0
(141483)
(141483)
(138335)
(115252)
- 0
- 0
02331
LA ACADEMIA DE LENGUA Y CULTURA
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02334
MONTESSORI OF THE RIO GRANDE CHARTER SCHOOL
13170269
00363355
2073206
- 0
- 0
- 0
(57839)
(57839)
(56553)
(47116)
- 0
- 0
02336
CESAR CHAVEZ COMMUNITY SCHOOL
13344118
00368152
2100576
- 0
- 0
- 0
(58603)
(58603)
(57299)
(47738)
- 0
- 0
02338
CREATIVE EDUCATION PREPARATORY INSTITUTE 1
13923018
00384123
2191702
- 0
- 0
- 0
(61145)
(61145)
(59785)
(49809)
- 0
- 0
02339
GILBERT L SENA CHARTER HIGH SCHOOL
13971841
00385470
2199388
- 0
- 0
- 0
(61360)
(61360)
(59995)
(49984)
- 0
- 0
02340
SCHOOL FOR INTEGRATED ACADEMICS amp TECHNOLOGIES
17385947
00479662
2736822
- 0
- 0
- 0
(76353)
(76353)
(74655)
(62197)
- 0
- 0
02341
ALB INSTITUTE FOR MATH AND SCIENCE UNM
17455816
00481590
2747823
- 0
- 0
- 0
(76660)
(76660)
(74955)
(62447)
- 0
- 0
02342
MOUNTAIN MAHOGONY COMMUNITY
11336352
00312759
1784519
- 0
- 0
- 0
(49785)
(49785)
(48678)
(40555)
- 0
- 0
02343
LA PROMESA EARLY LEARNING
22284215
00614801
3507889
- 0
- 0
- 0
(97865)
(97865)
(95688)
(79721)
- 0
- 0
02344
ACADEMY OF TRADES AND TECHNOLOGY (YOUTH BUILD CO)
9306534
00256759
1464998
- 0
- 0
- 0
(40871)
(40871)
(39962)
(33294)
- 0
- 0
02345
SOUTHWEST INTERMEDIATE LEARNING CTR (LA LUZ DEL M)
6003345
00165627
945023
- 0
- 0
- 0
(26365)
(26365)
(25778)
(21477)
- 0
- 0
02346
SOUTHWEST PRIMARY LEARNING CENTER
6508031
00179550
1024464
- 0
- 0
- 0
(28581)
(28581)
(27945)
(23282)
- 0
- 0
02350
DIGITAL ARTS AND TECHNOLOGY ACADEMY
18276643
00504235
2877029
- 0
- 0
- 0
(80265)
(80265)
(78479)
(65384)
- 0
- 0
02351
THE MONTESSORI ELEMENTARY SCHOOL
15956095
00440214
2511743
- 0
- 0
- 0
(70074)
(70074)
(68515)
(57082)
- 0
- 0
02353
CHRISTINE DUNCANS HERITAGE ACADEMY
11567894
00319147
1820967
- 0
- 0
- 0
(50802)
(50802)
(49672)
(41384)
- 0
- 0
02354
NATIVE AMERICAN COMMUNITY ACADEMY
24618203
00679193
3875292
- 0
- 0
- 0
(108115)
(108115)
(105710)
(88071)
- 0
- 0
02355
RALPH J BUNCHE ACADEMY
5170362
00142645
813894
- 0
- 0
- 0
(22706)
(22706)
(22201)
(18497)
- 0
- 0
02356
ALICE KING COMMUNITY SCHOOL(N ALB COOP C C)
15945481
00439921
2510071
- 0
- 0
- 0
(70027)
(70027)
(68469)
(57044)
- 0
- 0
02357
LA RESOLANA LEADERSHIP ACADEMY
5266902
00145309
829094
- 0
- 0
- 0
(23131)
(23131)
(22616)
(18842)
- 0
- 0
02358
VILLAGE ACADEMY CHARTER SCHOOL
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02360
BATAAN MILITARY ACADEMY
9938807
00274202
1564523
- 0
- 0
- 0
(43648)
(43648)
(42677)
(35556)
- 0
- 0
02361
ALBUQUERQUE TALENT DEVELOPMENT SECONDARY CHARTER
11434102
00315456
1799907
- 0
- 0
- 0
(50215)
(50215)
(49098)
(40905)
- 0
- 0
02362
GORDON BERNELL CHARTER SCHOOL
32236740
00889381
5074569
- 0
- 0
- 0
(141573)
(141573)
(138423)
(115325)
- 0
- 0
02363
CORRALES INTERNATIONAL SCHOOL
17491523
00482575
2753443
- 0
- 0
- 0
(76817)
(76817)
(75108)
(62575)
- 0
- 0
02364
COTTONWOOD CLASSICAL PREP SCHOOL
27174715
00749725
4277729
- 0
- 0
- 0
(119342)
(119342)
(116687)
(97216)
- 0
- 0
02365
MEDIA ARTS COLLABORATIVE CHARTER SCHOOL
12988950
00358353
2044666
- 0
- 0
- 0
(57043)
(57043)
(55774)
(46467)
- 0
- 0
02366
THE NEW AMERICA SCHOOL
15162026
00418306
2386741
- 0
- 0
- 0
(66587)
(66587)
(65105)
(54241)
- 0
- 0
02367
CIEN AGUAS INTERNATIONAL SCHOOL
16645455
00459232
2620254
- 0
- 0
- 0
(73101)
(73101)
(71475)
(59548)
- 0
- 0
02368
THE INTERNATIONAL SCH AT MESA DEL SOL
15953529
00440143
2511337
- 0
- 0
- 0
(70063)
(70063)
(68504)
(57073)
- 0
- 0
02370
TIERRA ADENTRO OF NEW MEXICO
14574532
00402098
2294263
- 0
- 0
- 0
(64007)
(64007)
(62583)
(52140)
- 0
- 0
02390
ACE LEADERSHIP HIGH SCHOOL
21477933
00592556
3380965
- 0
- 0
- 0
(94324)
(94324)
(92226)
(76836)
- 0
- 0
02396
SOUTH VALLEY PREPARATORY SCHOOL
9352262
00258020
1472193
- 0
- 0
- 0
(41072)
(41072)
(40158)
(33457)
- 0
- 0
02402
ALBUQUERQUE SIGN LANGUAGE ACADEMY
12136863
00334845
1910535
- 0
- 0
- 0
(53301)
(53301)
(52115)
(43419)
- 0
- 0
02412
ALBUQUERQUE SCHOOL OF EXCELLENCE
12941978
00357057
2037271
- 0
- 0
- 0
(56837)
(56837)
(55572)
(46299)
- 0
- 0
02413
THE GREAT ACADEMY
9104631
00251188
1433211
- 0
- 0
- 0
(39985)
(39985)
(39095)
(32571)
- 0
- 0
02414
THE NEW MEXICO INTERNATIONAL SCHOOL
9093315
00250876
1431431
- 0
- 0
- 0
(39935)
(39935)
(39046)
(32531)
- 0
- 0
02417
WILLIAM W amp JOSEPHINE DORN CHARTER COMMUNITY SCHOO
2499702
00068964
393490
- 0
- 0
- 0
(10978)
(10978)
(10734)
(8943)
- 0
- 0
02418
SAGE MONTESSORI CHARTER SCHOOL
7486288
00206540
1178462
- 0
- 0
- 0
(32877)
(32877)
(32146)
(26782)
- 0
- 0
02420
SOUTHWEST AERONAUTICS MATH amp SCIENCE ACADEMY
9312685
00256928
1465962
- 0
- 0
- 0
(40898)
(40898)
(39988)
(33316)
- 0
- 0
02421
CORAL COMMUNITY CHARTER SCHOOL
5518744
00152257
868737
- 0
- 0
- 0
(24237)
(24237)
(23697)
(19743)
- 0
- 0
02425
MISSION ACHIEVEMENT AND SUCCESS CHARTER SCHOOL
15952839
00440124
2511229
- 0
- 0
- 0
(70060)
(70060)
(68501)
(57071)
- 0
- 0
02430
Health Leadership Community School
9697716
00267551
1526574
- 0
- 0
- 0
(42589)
(42589)
(41642)
(34693)
- 0
- 0
03004
ARTESIA PUBLIC SCHOOLS
249203786
06875298
39228600
- 0
- 0
- 0
(1094421)
(1094421)
(1070073)
(891515)
- 0
- 0
03005
CARLSBAD MUNICIPAL SCHOOLS
457710863
12627812
72050896
- 0
- 0
- 0
(2010116)
(2010116)
(1965395)
(1637440)
- 0
- 0
03006
LOVING MUNICIPAL SCHOOLS
45366532
01251620
7141407
- 0
- 0
- 0
(199235)
(199235)
(194802)
(162297)
- 0
- 0
03321
JEFFERSON MONTESSORI ACADEMY
14230129
00392596
2240047
- 0
- 0
- 0
(62494)
(62494)
(61104)
(50908)
- 0
- 0
04008
DEXTER CONSOLIDATED SCHOOLS
74126962
02045093
11668750
- 0
- 0
- 0
(325541)
(325541)
(318299)
(265186)
- 0
- 0
04009
HAGERMAN MUNICIPAL SCHOOLS
35432505
00977549
5577631
- 0
- 0
- 0
(155608)
(155608)
(152146)
(126758)
- 0
- 0
04010
LAKE ARTHUR MUNICIPAL SCHOOLS
13637822
00376255
2146810
- 0
- 0
- 0
(59893)
(59893)
(58560)
(48789)
- 0
- 0
04011
ROSWELL INDEPENDENT SCHOOLS
615946152
16993374
96959618
- 0
- 0
- 0
(2705034)
(2705034)
(2644852)
(2203520)
- 0
- 0
04097
NEW MEXICO MILITARY INSTITUTE
168542271
04649923
26531209
- 0
- 0
- 0
(740182)
(740182)
(723715)
(602952)
- 0
- 0
04317
SIDNEY GUTIERREZ MIDDLE SCHOOL
4080477
00112577
642334
- 0
- 0
- 0
(17920)
(17920)
(17522)
(14598)
- 0
- 0
05011
CLOVIS COMMUNITY COLLEGE
91114505
02513763
14342855
- 0
- 0
- 0
(400145)
(400145)
(391243)
(325958)
- 0
- 0
05012
CLOVIS MUNICIPAL SCHOOLS
529906737
14619628
83415662
- 0
- 0
- 0
(2327177)
(2327177)
(2275402)
(1895717)
- 0
- 0
05013
GRADY MUNICIPAL SCHOOLS
13422095
00370303
2112849
- 0
- 0
- 0
(58945)
(58945)
(57634)
(48017)
- 0
- 0
05014
MELROSE SCHOOLS
20092869
00554343
3162932
- 0
- 0
- 0
(88241)
(88241)
(86278)
(71881)
- 0
- 0
05015
TEXICO MUNICIPAL SCHOOLS
46844881
01292406
7374121
- 0
- 0
- 0
(205727)
(205727)
(201150)
(167585)
- 0
- 0
05016
REGIONAL EDUCATIONAL CENTER 6
8833229
00243700
1390487
- 0
- 0
- 0
(38793)
(38793)
(37930)
(31600)
- 0
- 0
06016
EUNICE PUBLIC SCHOOLS
47356967
01306534
7454731
- 0
- 0
- 0
(207976)
(207976)
(203349)
(169417)
- 0
- 0
06017
HOBBS MUNICIPAL SCHOOLS
528484026
14580377
83191706
- 0
- 0
- 0
(2320929)
(2320929)
(2269293)
(1890628)
- 0
- 0
06018
JAL PUBLIC SCHOOLS
34332805
00947210
5404525
- 0
- 0
- 0
(150778)
(150778)
(147424)
(122824)
- 0
- 0
06019
LOVINGTON MUNICIPAL SCHOOLS
228661774
06308563
35994962
- 0
- 0
- 0
(1004208)
(1004208)
(981866)
(818027)
- 0
- 0
06020
TATUM MUNICIPAL SCHOOLS
32371140
00893089
5095725
- 0
- 0
- 0
(142163)
(142163)
(139001)
(115806)
- 0
- 0
06124
NEW MEXICO JUNIOR COLLEGE
143512547
03959376
22591134
- 0
- 0
- 0
(630260)
(630260)
(616238)
(513410)
- 0
- 0
06150
REGIONAL EDUCATIONAL COOP 7
2672852
00073741
420746
- 0
- 0
- 0
(11738)
(11738)
(11477)
(9562)
- 0
- 0
07021
GADSDEN INDEPENDENT SCHOOLS
954445594
26332255
150244759
- 0
- 0
- 0
(4191612)
(4191612)
(4098357)
(3414486)
- 0
- 0
07022
HATCH VALLEY PUBLIC SCHOOLS
101411144
02797838
15963710
- 0
- 0
- 0
(445365)
(445365)
(435456)
(362794)
- 0
- 0
07023
LAS CRUCES PUBLIC SCHOOLS
1700239556
46908008
267644467
- 0
- 0
- 0
(7466895)
(7466895)
(7300771)
(6082530)
- 0
- 0
07098
NEW MEXICO STATE UNIVERSITY
2740590573
75610313
431412093
- 0
- 0
- 0
(12035775)
(12035775)
(11768003)
(9804339)
- 0
- 0
07335
ALMA DARTE CHARTER HIGH SCHOOL
14804322
00408437
2330432
- 0
- 0
- 0
(65016)
(65016)
(63569)
(52962)
- 0
- 0
07337
LA ACADEMIA DOLORES HUERTA
9581137
00264335
1508224
- 0
- 0
- 0
(42077)
(42077)
(41141)
(34276)
- 0
- 0
07338
LAS MONTANAS CHARTER HIGH SCHOOL
14737236
00406586
2319870
- 0
- 0
- 0
(64721)
(64721)
(63281)
(52722)
- 0
- 0
07339
ANTHONY CHARTER SCHOOL
5217470
00143945
821311
- 0
- 0
- 0
(22913)
(22913)
(22404)
(18665)
- 0
- 0
07420
J PAUL TAYLOR ACADEMY
10921121
00301303
1719154
- 0
- 0
- 0
(47962)
(47962)
(46895)
(39070)
- 0
- 0
07421
NEW AMERICA SCHOOL-LAS CRUCES
12850101
00354522
2022807
- 0
- 0
- 0
(56433)
(56433)
(55178)
(45971)
- 0
- 0
08024
COBRE CONSOLIDATED SCHOOLS
107900060
02976861
16985168
- 0
- 0
- 0
(473862)
(473862)
(463319)
(386008)
- 0
- 0
08026
SILVER CONSOLIDATED SCHOOLS
223923812
06177847
35249132
- 0
- 0
- 0
(983400)
(983400)
(961521)
(801077)
- 0
- 0
08099
WESTERN NEW MEXICO UNIVERSITY
228493287
06303915
35968442
- 0
- 0
- 0
(1003468)
(1003468)
(981142)
(817424)
- 0
- 0
08347
ALDO LEOPOLD HIGH SCHOOL
11975600
00330396
1885151
- 0
- 0
- 0
(52593)
(52593)
(51423)
(42842)
- 0
- 0
09027
CIMARRON MUNICIPAL SCHOOLS
33888261
00934945
5334544
- 0
- 0
- 0
(148826)
(148826)
(145515)
(121234)
- 0
- 0
09028
MAXWELL MUNICIPAL SCHOOLS
15196104
00419246
2392105
- 0
- 0
- 0
(66736)
(66736)
(65252)
(54363)
- 0
- 0
09029
RATON PUBLIC SCHOOLS
80720720
02227009
12706714
- 0
- 0
- 0
(354499)
(354499)
(346612)
(288775)
- 0
- 0
09030
SPRINGER MUNICIPAL SCHOOLS
19298679
00532432
3037914
- 0
- 0
- 0
(84753)
(84753)
(82868)
(69040)
- 0
- 0
09150
HIGH PLAINS REGIONAL EDUCATIONAL COOP 3
12699970
00350380
1999174
- 0
- 0
- 0
(55774)
(55774)
(54533)
(45434)
- 0
- 0
09324
MORENO VALLEY HIGH SCHOOL
7446232
00205435
1172157
- 0
- 0
- 0
(32701)
(32701)
(31974)
(26639)
- 0
- 0
10032
SAN JON SCHOOLS
14631539
00403670
2303232
- 0
- 0
- 0
(64257)
(64257)
(62827)
(52344)
- 0
- 0
10033
TUCUMCARI PUBLIC SCHOOLS
74492978
02055191
11726367
- 0
- 0
- 0
(327149)
(327149)
(319870)
(266495)
- 0
- 0
10119
HOUSE MUNICIPAL SCHOOLS
14003541
00386345
2204381
- 0
- 0
- 0
(61499)
(61499)
(60131)
(50097)
- 0
- 0
10120
LOGAN MUNICIPAL SCHOOLS
25199979
00695244
3966875
- 0
- 0
- 0
(110670)
(110670)
(108208)
(90152)
- 0
- 0
10141
MESALANDS COMMUNITY COLLEGE
35425739
00977363
5576570
- 0
- 0
- 0
(155578)
(155578)
(152117)
(126734)
- 0
- 0
11034
ELIDA MUNICIPAL SCHOOLS
14152846
00390464
2227882
- 0
- 0
- 0
(62155)
(62155)
(60772)
(50631)
- 0
- 0
11035
PORTALES MUNICIPAL SCHOOLS
202486725
05586418
31874597
- 0
- 0
- 0
(889255)
(889255)
(869471)
(724387)
- 0
- 0
11101
EASTERN NEW MEXICO UNIVERSITY - PORTALES
321726936
08876143
50644883
- 0
- 0
- 0
(1412919)
(1412919)
(1381485)
(1150964)
- 0
- 0
11102
EASTERN NM UNIVERSITY - ROSWELL
132681232
03660550
20886113
- 0
- 0
- 0
(582692)
(582692)
(569729)
(474661)
- 0
- 0
11117
DORA CONSOLIDATED SCHOOLS
23215804
00640502
3654532
- 0
- 0
- 0
(101956)
(101956)
(99688)
(83053)
- 0
- 0
11118
FLOYD MUNICIPAL SCHOOLS
22040516
00608077
3469524
- 0
- 0
- 0
(96795)
(96795)
(94641)
(78849)
- 0
- 0
12037
LAS VEGAS CITY SCHOOLS
125424467
03460343
19743786
- 0
- 0
- 0
(550823)
(550823)
(538568)
(448700)
- 0
- 0
12038
WEST LAS VEGAS SCHOOLS
135571770
03740297
21341128
- 0
- 0
- 0
(595387)
(595387)
(582141)
(485002)
- 0
- 0
12039
PECOS INDEPENDENT SCHOOLS
57989889
01599886
9128519
- 0
- 0
- 0
(254673)
(254673)
(249007)
(207456)
- 0
- 0
12102
NEW MEXICO HIGHLANDS UNIVERSITY
293679047
08102328
46229703
- 0
- 0
- 0
(1289742)
(1289742)
(1261048)
(1050624)
- 0
- 0
12128
LUNA COMMUNITY COLLEGE
77802974
02146511
12247414
- 0
- 0
- 0
(341685)
(341685)
(334083)
(278337)
- 0
- 0
12150
PECOS VALLEY REC 8
6405772
00176729
1008368
- 0
- 0
- 0
(28132)
(28132)
(27506)
(22916)
- 0
- 0
12151
NORTHEAST REGIONAL EDUCATION COOP
7566786
00208760
1191128
- 0
- 0
- 0
(33231)
(33231)
(32491)
(27070)
- 0
- 0
13041
GALLUP MCKINLEY COUNTY SCHOOLS
874308315
24121343
137629890
- 0
- 0
- 0
(3839676)
(3839676)
(3754250)
(3127799)
- 0
- 0
13142
ZUNI PUBLIC SCHOOLS
130100988
03589364
20479945
- 0
- 0
- 0
(571361)
(571361)
(558649)
(465430)
- 0
- 0
13369
MIDDLE COLLEGE HIGH SCHOOL
5022305
00138561
790592
- 0
- 0
- 0
(22056)
(22056)
(21566)
(17967)
- 0
- 0
13430
UPLIFT COMMUNITY SCHOOL
8929543
00246358
1405652
- 0
- 0
- 0
(39216)
(39216)
(38343)
(31945)
- 0
- 0
14043
BELEN CONSOLIDATED SCHOOLS
282020844
07780689
44394517
- 0
- 0
- 0
(1238543)
(1238543)
(1210988)
(1008917)
- 0
- 0
14044
GRANTS-CIBOLA COUNTY SCHOOLS
270364497
07459102
42559628
- 0
- 0
- 0
(1187352)
(1187352)
(1160936)
(967217)
- 0
- 0
14045
LOS LUNAS SCHOOLS
516619864
14253055
81324095
- 0
- 0
- 0
(2268825)
(2268825)
(2218348)
(1848184)
- 0
- 0
14366
SCHOOL OF DREAMS ACADEMY
16804216
00463612
2645245
- 0
- 0
- 0
(73799)
(73799)
(72157)
(60116)
- 0
- 0
15046
ALAMOGORDO PUBLIC SCHOOLS
369877443
10204570
58224529
- 0
- 0
- 0
(1624380)
(1624380)
(1588241)
(1323220)
- 0
- 0
15047
CLOUDCROFT MUNICIPAL SCHOOLS
30771554
00848958
4843926
- 0
- 0
- 0
(135139)
(135139)
(132132)
(110084)
- 0
- 0
15049
TULAROSA MUNICIPAL SCHOOLS
68396924
01887007
10766754
- 0
- 0
- 0
(300377)
(300377)
(293694)
(244687)
- 0
- 0
15104
NEW MEXICO SCHOOL FT BLIND amp VISUALLY IMPAIRED
79976142
02206466
12589501
- 0
- 0
- 0
(351229)
(351229)
(343415)
(286111)
- 0
- 0
16050
AZTEC MUNICIPAL SCHOOLS
187894163
05183823
29577499
- 0
- 0
- 0
(825170)
(825170)
(806811)
(672183)
- 0
- 0
16051
BLOOMFIELD SCHOOLS
209183372
05771172
32928754
- 0
- 0
- 0
(918665)
(918665)
(898226)
(748344)
- 0
- 0
16052
FARMINGTON MUNICIPAL SCHOOLS
709808631
19582952
111735053
- 0
- 0
- 0
(3117247)
(3117247)
(3047894)
(2539308)
- 0
- 0
16053
CENTRAL CONSOLIDATED SCHOOLS
497242938
13718464
78273863
- 0
- 0
- 0
(2183728)
(2183728)
(2135144)
(1778864)
- 0
- 0
16155
SAN JUAN COLLEGE
372723272
10283084
58672509
- 0
- 0
- 0
(1636878)
(1636878)
(1600461)
(1333401)
- 0
- 0
16356
MOSAIC ACADEMY CHARTER
10488019
00289355
1650982
- 0
- 0
- 0
(46060)
(46060)
(45035)
(37520)
- 0
- 0
16357
CARINOS CHARTER SCHOOL
17209176
00474785
2708995
- 0
- 0
- 0
(75577)
(75577)
(73896)
(61565)
- 0
- 0
16358
NEW MEXICO VIRTUAL ACADEMY
8945064
00246786
1408094
- 0
- 0
- 0
(39284)
(39284)
(38410)
(32001)
- 0
- 0
17054
ESPANOLA PUBLIC SCHOOLS
260245590
07179931
40966754
- 0
- 0
- 0
(1142913)
(1142913)
(1117486)
(931017)
- 0
- 0
17105
NORTHERN NEW MEXICO COLLEGE
128311258
03539987
20198213
- 0
- 0
- 0
(563501)
(563501)
(550964)
(459028)
- 0
- 0
17115
DULCE INDEPENDENT SCHOOLS
63542017
01753064
10002511
- 0
- 0
- 0
(279056)
(279056)
(272847)
(227319)
- 0
- 0
17126
CHAMA VALLEY SCHOOLS
41127543
01134670
6474122
- 0
- 0
- 0
(180619)
(180619)
(176600)
(147132)
- 0
- 0
17127
MESA VISTA CONSOLIDATED SCHOOLS
36319862
01002031
5717319
- 0
- 0
- 0
(159505)
(159505)
(155956)
(129933)
- 0
- 0
17334
LINDRITH AREA HERITAGE SCHOOL
1999722
00055170
314785
- 0
- 0
- 0
(8782)
(8782)
(8587)
(7154)
- 0
- 0
17424
MC CURDY CHARTER SCHOOL
26341385
00726734
4146549
- 0
- 0
- 0
(115683)
(115683)
(113109)
(94235)
- 0
- 0
17425
LA TIERRA MONTESSORI SCHOOL
3636882
00100338
572502
- 0
- 0
- 0
(15972)
(15972)
(15617)
(13011)
- 0
- 0
18056
CLAYTON MUNICIPAL SCHOOLS
41375879
01141522
6513217
- 0
- 0
- 0
(181709)
(181709)
(177667)
(148020)
- 0
- 0
18057
DES MOINES MUNICIPAL SCHOOLS
12824909
00353827
2018842
- 0
- 0
- 0
(56323)
(56323)
(55070)
(45881)
- 0
- 0
19059
DEMING PUBLIC SCHOOLS
358423873
09888577
56421558
- 0
- 0
- 0
(1574080)
(1574080)
(1539060)
(1282245)
- 0
- 0
19301
DEMING CESAR CHAVEZ CHARTER HIGH SCHOOL
10654211
00293940
1677143
- 0
- 0
- 0
(46790)
(46790)
(45749)
(38115)
- 0
- 0
20060
PENASCO INDEPENDENT SCHOOLS
43124424
01189762
6788462
- 0
- 0
- 0
(189388)
(189388)
(185175)
(154276)
- 0
- 0
20062
TAOS MUNICIPAL SCHOOLS
185250055
05110875
29161277
- 0
- 0
- 0
(813558)
(813558)
(795458)
(662724)
- 0
- 0
20125
QUESTA INDEPENDENT SCHOOLS
53837543
01485327
8474876
- 0
- 0
- 0
(236437)
(236437)
(231177)
(192601)
- 0
- 0
20265
TAOS ACADEMY CHARTER SCHOOL
11325900
00312471
1782875
- 0
- 0
- 0
(49740)
(49740)
(48633)
(40518)
- 0
- 0
20266
La Jicarita Community School
2194276
00060538
345414
- 0
- 0
- 0
(9637)
(9637)
(9422)
(7850)
- 0
- 0
20307
TAOS CHARTER SCHOOL
10997820
00303419
1731227
- 0
- 0
- 0
(48299)
(48299)
(47224)
(39344)
- 0
- 0
20312
RED RIVER VALLEY CHARTER SCHOOLS
4685520
00129269
737574
- 0
- 0
- 0
(20577)
(20577)
(20119)
(16762)
- 0
- 0
20316
ANANSI CHARTER SCHOOL
8137027
00224493
1280897
- 0
- 0
- 0
(35735)
(35735)
(34940)
(29110)
- 0
- 0
20317
VISTA GRANDE HIGH SCHOOL
6300504
00173825
991799
- 0
- 0
- 0
(27670)
(27670)
(27054)
(22540)
- 0
- 0
20415
TAOS INTEGRATED SCHOOL OF THE ARTS
6209169
00171305
977420
- 0
- 0
- 0
(27269)
(27269)
(26662)
(22213)
- 0
- 0
21063
TRUTH OR CONSEQUENCES MUNICIPAL SCHOOLS
108041191
02980755
17007386
- 0
- 0
- 0
(474482)
(474482)
(463925)
(386513)
- 0
- 0
21150
SOUTHWEST REGIONAL ED COOPERATIVE 10
13050923
00360063
2054423
- 0
- 0
- 0
(57315)
(57315)
(56040)
(46689)
- 0
- 0
22065
ESTANCIA MUNICPAL SCHOOLS
61525804
01697439
9685130
- 0
- 0
- 0
(270201)
(270201)
(264190)
(220106)
- 0
- 0
22066
MORIARTY-EDGEWOOD SCHOOL DISTRICT
195971575
05406671
30849009
- 0
- 0
- 0
(860643)
(860643)
(841495)
(701079)
- 0
- 0
22067
MOUNTAINAIR PUBLIC SCHOOLS
25324156
00698670
3986423
- 0
- 0
- 0
(111215)
(111215)
(108741)
(90596)
- 0
- 0
22201
ESTANCIA VALLEY CLASSICAL ACADEMY
17772159
00490317
2797617
- 0
- 0
- 0
(78049)
(78049)
(76313)
(63579)
- 0
- 0
23070
LORDSBURG MUNICIPAL SCHOOLS
51096743
01409711
8043431
- 0
- 0
- 0
(224400)
(224400)
(219408)
(182796)
- 0
- 0
23121
ANIMAS PUBLIC SCHOOLS
19292757
00532269
3036984
- 0
- 0
- 0
(84727)
(84727)
(82842)
(69019)
- 0
- 0
24072
SANTA ROSA CONSOLIDATED SCHOOLS
56809634
01567324
8942729
- 0
- 0
- 0
(249489)
(249489)
(243939)
(203234)
- 0
- 0
24073
VAUGHN MUNICIPAL SCHOOLS
12288412
00339026
1934391
- 0
- 0
- 0
(53967)
(53967)
(52766)
(43961)
- 0
- 0
25075
MAGDELENA MUNICIPAL SCHOOLS
39388022
01086678
6200292
- 0
- 0
- 0
(172979)
(172979)
(169131)
(140909)
- 0
- 0
25076
SOCORRO CONSOLIDATED SCHOOLS
119743612
03303613
18849526
- 0
- 0
- 0
(525875)
(525875)
(514175)
(428377)
- 0
- 0
25106
NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY
472350274
13031699
74355367
- 0
- 0
- 0
(2074408)
(2074408)
(2028256)
(1689812)
- 0
- 0
25319
COTTONWOOD VALLEY CHARTER SCHOOLS
11134970
00307203
1752818
- 0
- 0
- 0
(48901)
(48901)
(47813)
(39835)
- 0
- 0
26077
CAPITAN MUNICIPAL SCHOOLS
35934847
00991409
5656713
- 0
- 0
- 0
(157814)
(157814)
(154303)
(128555)
- 0
- 0
26078
CARRIZOZO MUNICIPAL SCHOOLS
15641987
00431548
2462297
- 0
- 0
- 0
(68695)
(68695)
(67166)
(55959)
- 0
- 0
26079
CORONA PUBLIC SCHOOLS
13583697
00374761
2138285
- 0
- 0
- 0
(59655)
(59655)
(58328)
(48595)
- 0
- 0
26080
HONDO VALLEY PUBLIC SCHOOLS
16942484
00467427
2667013
- 0
- 0
- 0
(74406)
(74406)
(72750)
(60611)
- 0
- 0
26081
RUIDOSO MUNICIPAL SCHOOL DISTRICT
125672227
03467178
19782784
- 0
- 0
- 0
(551911)
(551911)
(539632)
(449587)
- 0
- 0
26150
REGION IX EDUCATIONAL COOPERATIVE
31729042
00875374
4994648
- 0
- 0
- 0
(139343)
(139343)
(136243)
(113509)
- 0
- 0
27083
FORT SUMNER MUNICIPAL SCHOOLS
30489477
00841176
4799524
- 0
- 0
- 0
(133900)
(133900)
(130921)
(109075)
- 0
- 0
28084
QUEMADO INDEPENDENT SCHOOLS
17595257
00485437
2769773
- 0
- 0
- 0
(77273)
(77273)
(75554)
(62946)
- 0
- 0
28085
RESERVE INDEPENDENT SCHOOLS
18999938
00524190
2990887
- 0
- 0
- 0
(83441)
(83441)
(81585)
(67971)
- 0
- 0
29086
BERNALILLO PUBLIC SCHOOLS
256481726
07076089
40374259
- 0
- 0
- 0
(1126384)
(1126384)
(1101324)
(917552)
- 0
- 0
29087
CUBA INDEPENDENT SCHOOLS
56653909
01563028
8918217
- 0
- 0
- 0
(248805)
(248805)
(243270)
(202677)
- 0
- 0
29088
JEMEZ VALLEY PUBLIC SCHOOLS
30896483
00852405
4863593
- 0
- 0
- 0
(135687)
(135687)
(132668)
(110531)
- 0
- 0
29122
JEMEZ MOUNTAIN SCHOOL DISTRICT
31276427
00862887
4923401
- 0
- 0
- 0
(137356)
(137356)
(134300)
(111890)
- 0
- 0
29123
RIO RANCHO PUBLIC SCHOOLS
1067726236
29457561
168076913
- 0
- 0
- 0
(4689104)
(4689104)
(4584780)
(3819742)
- 0
- 0
29150
NORTHWEST REGIONAL EDUCATION 2
4890736
00134931
769880
- 0
- 0
- 0
(21479)
(21479)
(21001)
(17496)
- 0
- 0
29305
SAN DIEGO RIVERSIDE CHARTER SCHOOL
6815857
00188043
1072923
- 0
- 0
- 0
(29933)
(29933)
(29267)
(24383)
- 0
- 0
29330
WALATOWA CHARTER HIGH SCHOOL
6020020
00166087
947648
- 0
- 0
- 0
(26438)
(26438)
(25850)
(21536)
- 0
- 0
29408
THE ASK ACADEMY
13515142
00372870
2127496
- 0
- 0
- 0
(59354)
(59354)
(58034)
(48350)
- 0
- 0
30089
MORA INDEPENDENT SCHOOLS
46556291
01284444
7328692
- 0
- 0
- 0
(204460)
(204460)
(199911)
(166553)
- 0
- 0
30090
WAGON MOUND PUBLIC SCHOOLS
15846572
00437192
2494500
- 0
- 0
- 0
(69593)
(69593)
(68045)
(56690)
- 0
- 0
31091
MOSQUERO MUNICIPAL SCHOOLS
8360043
00230646
1316004
- 0
- 0
- 0
(36715)
(36715)
(35898)
(29908)
- 0
- 0
31092
ROY MUNICIPAL SCHOOLS
9840797
00271498
1549095
- 0
- 0
- 0
(43218)
(43218)
(42256)
(35205)
- 0
- 0
32093
LOS ALAMOS PUBLIC SCHOOLS
313613561
08652303
49367712
- 0
- 0
- 0
(1377288)
(1377288)
(1346646)
(1121938)
- 0
- 0
36246253697
1000000000
5705730817
- 0
- 0
- 0
(159181664)
(159181664)
(155640186)
(129669335)
- 0
- 0
New Mexico Educational Retirement Board
Schedule of Collective Pension Amounts
As of and for the year ended June 30 2014
Net Pension Liability (775 Discount)
$ 5705730813
Net Pension Liability -- 100 Decrease (675 Discount)
$ 7763304829
Net Pension Liability -- 100 Increase (875 Discount)
$ 3987098791
Deferred Outflows of Resources
Differences Between Expected and Actual Experience
$ 0
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
0
Changes in Assumptions
0
Total Deferred Outflows of Resources Excluding Employer-Specific Amounts
$ 0
Deferred Inflows of Resources
Differences Between Expected and Actual Experience
$ 84995487
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
518677364
Changes inf Assumptions
0
Total Deferred Inflows of Resources Excluding Employer-Specific Amounts
$ 603672851
Pension Plan Expense
$ 395014052
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
16
ERBrsquos Implementation Plan
bull Produce annual audited schedules engaging ERBrsquos actuary and auditor to provide an opinion onbull Employer Allocationsbull Collective Pension Amounts and Required Supplementary
Informationbull Schedules include detail information for employers financials
bull ERB will comply with AICPA best practices that will allow the employerrsquos auditor to rely on ERBrsquos auditorrsquos opinion on proportionate shares
bull Employers have responsibility to report accurate census data to ERBbull Employers assume responsibility for presentation of the information
used in their own financial statements
17
New Mexico Educational Retirement BoardSchedule of Collective Pension AmountsAs of and for the year ended June 30 2014
Net Pension Liability (775 Discount) 5705730813$ Net Pension Liability -- 100 Decrease (675 Discount) 7763304829$ Net Pension Liability -- 100 Increase (875 Discount) 3987098791$
Deferred Outflows of ResourcesDifferences Between Expected and Actual Experience 0$ Net Difference Between Projected and Actual Investment Earnings on Plan 0Changes in Assumptions 0Total Deferred Outflows of Resources Excluding Employer-Specific Amounts 0$
Deferred Inflows of ResourcesDifferences Between Expected and Actual Experience 84995487$ Net Difference Between Projected and Actual Investment Earnings on Plan Investments 518677364Changes inf Assumptions 0Total Deferred Inflows of Resources Excluding Employer-Specific Amounts 603672851$
Pension Plan Expense 395014052$
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
ERBrsquos GASB 68 Collective Amounts
68_Collective Info
68_Shares
18
19
20
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Notes to Financial StatementsSummary of Significant Accounting Policies Basis of Accounting For purposes of
measuring the net pension liability deferred outflows of resources and deferred inflows of resources related to pensions and pension expense information about the fiduciary net position of the ERB and additions todeductions from ERBrsquos fiduciary net position have been determined on the same basis as they are reported by ERB Plan For this purpose benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms Investments are reported at fair value
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense At June 30 2015 the University of ABC (UABC) reported a liability of $14910 for its proportionate share of the net pension liability The net pension liability was measured as of June 30 2015 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as June 30 2014 UABCrsquos proportion of the net pension liability was based on UABCrsquos contributions to ERB for the year ending June 30 2015 relative to the total contribution for all employers participating in ERB a projection of the long-term share of contributions to the pension plan relative to projected contributions of all participating school districts actuarially determined At June 30 2015 UABCrsquos proportion was XX percent which was an increase of XX percent from its proportion measured as of June 30 2014
Sample Employer GASB 68 Disclosures
21
Sample Employer GASB 68 Disclosureshellipcont
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense (Cont)For the year ended June 30 2015 UABC recognized pension expense of $2394 At June 30 2015 reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources
Payable to the Pension Plan At June 30 2015 UABC reported a payable of $5432 for the outstanding contributions to the pension plan required for the year ended June 30 2015
Deferred Outflowsof Resources
Deferred Inflowsof Resources
Differences between expected and actual experience $ 2657 $ 142
Changes of assumptions 1714 130
Net difference between projected and actual earnings on pension plan investments
- 2194
Changes in proportion and differences between UABC contributions and proportionate share of contributions
753 156
UABC contributions subsequent to the measurement date 1065 -
Total $ 6189 $ 2622
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Questions
22
Appendix A page 1ERB Actuarials at a Glance
23
Fiscal Year 63012 63013 63014 63014GASB 67
UAAL $62B $65B $63B $57B
Funded Ratio 607 601 631 669
Funding Period Infinite 951 years 421 years Not applicable
Funding Policy
Contribution1759 1747 1632 Not applicable
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
New Mexico Educational Retirement Board
Deferred Outflows
Deferred Inflows
Schedule of Employer-Specific Pension Amounts
of Resources
of Resources
Pension Expense
Subsequent Recognition of Deferred Amounts
As of and for the year ended June 30 2014
Net Amortization
of Deferred
Amounts from
Changes in
Changes in
Changes in
Proportion
Proportion
Proportion
and Differences
and Differences
and Differences
Between
Between
Between
Employer
Employer
Employer
Contributions
Contributions
Contributions
and Proportionate
and Proportionate
and Proportionate
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Net Pension Liability
Share of
Share of
Share of
Ending
Ending
Ending
Ending
Ending
ER Code
Employer Name
Contribution
Employer Allocation Percentage
(775 Discount)
Contributions
Contributions
Contributions
2015
2016
2017
2018
2019
Thereafter
01001
POJOAQUE VALLEY SCHOOLS
130138115
03590388
20485787
- 0
- 0
- 0
(571524)
(571524)
(558809)
(465563)
- 0
- 0
01002
SANTA FE PUBLIC SCHOOLS
903846552
24936275
142279673
- 0
- 0
- 0
(3969398)
(3969398)
(3881086)
(3233470)
- 0
- 0
01003
SANTA FE COMMUNITY COLLEGE
285623563
07880085
44961644
- 0
- 0
- 0
(1254365)
(1254365)
(1226458)
(1021805)
- 0
- 0
01094
NEW MEXICO SCHOOL FOR THE DEAF
55303678
01525776
8705667
- 0
- 0
- 0
(242876)
(242876)
(237472)
(197846)
- 0
- 0
01301
THE ACADEMY FOR TECHNOLOGY amp THE CLASSICS
22265370
00614281
3504922
- 0
- 0
- 0
(97782)
(97782)
(95607)
(79653)
- 0
- 0
01306
MONTE DEL SOL CHARTER SCHOOL
27346513
00754465
4304774
- 0
- 0
- 0
(120097)
(120097)
(117425)
(97831)
- 0
- 0
01315
TURQUOISE TRAIL CHARTER SCHOOL
29690099
00819122
4673690
- 0
- 0
- 0
(130389)
(130389)
(127488)
(106215)
- 0
- 0
01341
STATE OF NEW MEXICO
121504115
03352184
19126660
- 0
- 0
- 0
(533606)
(533606)
(521735)
(434675)
- 0
- 0
01343
TIERRA ENCANTADA CHARTER SCHOOL
18916878
00521899
2977815
- 0
- 0
- 0
(83077)
(83077)
(81228)
(67674)
- 0
- 0
01398
THE MASTERS PROGRAM
11557405
00318858
1819318
- 0
- 0
- 0
(50756)
(50756)
(49627)
(41346)
- 0
- 0
01416
NEW MEXICO SCHOOL FOR THE ARTS
14899946
00411075
2345483
- 0
- 0
- 0
(65436)
(65436)
(63980)
(53304)
- 0
- 0
01418
New Mexico Connections Academy
10201256
00281443
1605838
- 0
- 0
- 0
(44801)
(44801)
(43804)
(36495)
- 0
- 0
02003
ALBUQUERQUE PUBLIC SCHOOLS
6164408173
170070218
970374883
- 0
- 0
- 0
(27072060)
(27072060)
(26469760)
(22052893)
- 0
- 0
02095
UNIVERSITY OF NEW MEXICO
5918270140
163279499
931628869
- 0
- 0
- 0
(25991102)
(25991102)
(25412851)
(21172345)
- 0
- 0
02123
CENTRAL NEW MEXICO COMMUNITY COLLEGE
965367901
26633591
151964101
- 0
- 0
- 0
(4239579)
(4239579)
(4145257)
(3453560)
- 0
- 0
02148
NEW MEXICO ACTIVITIES ASSOCIATION
13674332
00377262
2152555
- 0
- 0
- 0
(60053)
(60053)
(58717)
(48919)
- 0
- 0
02150
CENTRAL REGIONAL EDUCATION COOP
32918525
00908191
5181893
- 0
- 0
- 0
(144567)
(144567)
(141351)
(117765)
- 0
- 0
02295
UNIVERSITY HOSPITALS
38915116
01073631
6125849
- 0
- 0
- 0
(170902)
(170902)
(167100)
(139217)
- 0
- 0
02303
AMY BIEHL HIGH SCHOOL
24086383
00664521
3791578
- 0
- 0
- 0
(105780)
(105780)
(103426)
(86168)
- 0
- 0
02304
EAST MOUNTAIN HIGH SCHOOL
24508244
00676159
3857981
- 0
- 0
- 0
(107632)
(107632)
(105238)
(87677)
- 0
- 0
02308
TWENTY-FIRST CENTURY PUBLIC ACADEMY
10638203
00293498
1674621
- 0
- 0
- 0
(46720)
(46720)
(45680)
(38058)
- 0
- 0
02309
SOUTH VALLEY ACADEMY
27055891
00746447
4259026
- 0
- 0
- 0
(118821)
(118821)
(116177)
(96791)
- 0
- 0
02310
SOUTHWEST SECONDARY LEARNING CENTER
12754266
00351878
2007721
- 0
- 0
- 0
(56013)
(56013)
(54766)
(45628)
- 0
- 0
02311
NUESTROS VALORES CHARTER SCHOOL
8467810
00233619
1332967
- 0
- 0
- 0
(37188)
(37188)
(36361)
(30293)
- 0
- 0
02313
ROOTS AND WINGS COMMUNITY SCHOOL
3195446
00088159
503012
- 0
- 0
- 0
(14033)
(14033)
(13721)
(11432)
- 0
- 0
02314
THE LEARNING COMMUNITY CHARTER
12127601
00334589
1909075
- 0
- 0
- 0
(53260)
(53260)
(52075)
(43386)
- 0
- 0
02318
ROBERT F KENNEDY CHARTER SCHOOL
19636783
00541760
3091137
- 0
- 0
- 0
(86238)
(86238)
(84320)
(70250)
- 0
- 0
02320
PUBLIC ACADEMY FOR PERFORMING ARTS
22952684
00633243
3613114
- 0
- 0
- 0
(100801)
(100801)
(98558)
(82112)
- 0
- 0
02322
LOS PUENTES CHARTER SCHOOL
15963339
00440413
2512878
- 0
- 0
- 0
(70106)
(70106)
(68546)
(57108)
- 0
- 0
02323
EL CAMINO REAL ACADEMY
25600416
00706291
4029906
- 0
- 0
- 0
(112429)
(112429)
(109927)
(91584)
- 0
- 0
02327
HORIZON ACADEMY WEST
22209646
00612743
3496147
- 0
- 0
- 0
(97537)
(97537)
(95367)
(79454)
- 0
- 0
02328
NORTH VALLEY ACADEMY
21177733
00584274
3333710
- 0
- 0
- 0
(93006)
(93006)
(90937)
(75762)
- 0
- 0
02329
LA ACADEMIA DE ESPERANZA
32216102
00888812
5071322
- 0
- 0
- 0
(141483)
(141483)
(138335)
(115252)
- 0
- 0
02331
LA ACADEMIA DE LENGUA Y CULTURA
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02334
MONTESSORI OF THE RIO GRANDE CHARTER SCHOOL
13170269
00363355
2073206
- 0
- 0
- 0
(57839)
(57839)
(56553)
(47116)
- 0
- 0
02336
CESAR CHAVEZ COMMUNITY SCHOOL
13344118
00368152
2100576
- 0
- 0
- 0
(58603)
(58603)
(57299)
(47738)
- 0
- 0
02338
CREATIVE EDUCATION PREPARATORY INSTITUTE 1
13923018
00384123
2191702
- 0
- 0
- 0
(61145)
(61145)
(59785)
(49809)
- 0
- 0
02339
GILBERT L SENA CHARTER HIGH SCHOOL
13971841
00385470
2199388
- 0
- 0
- 0
(61360)
(61360)
(59995)
(49984)
- 0
- 0
02340
SCHOOL FOR INTEGRATED ACADEMICS amp TECHNOLOGIES
17385947
00479662
2736822
- 0
- 0
- 0
(76353)
(76353)
(74655)
(62197)
- 0
- 0
02341
ALB INSTITUTE FOR MATH AND SCIENCE UNM
17455816
00481590
2747823
- 0
- 0
- 0
(76660)
(76660)
(74955)
(62447)
- 0
- 0
02342
MOUNTAIN MAHOGONY COMMUNITY
11336352
00312759
1784519
- 0
- 0
- 0
(49785)
(49785)
(48678)
(40555)
- 0
- 0
02343
LA PROMESA EARLY LEARNING
22284215
00614801
3507889
- 0
- 0
- 0
(97865)
(97865)
(95688)
(79721)
- 0
- 0
02344
ACADEMY OF TRADES AND TECHNOLOGY (YOUTH BUILD CO)
9306534
00256759
1464998
- 0
- 0
- 0
(40871)
(40871)
(39962)
(33294)
- 0
- 0
02345
SOUTHWEST INTERMEDIATE LEARNING CTR (LA LUZ DEL M)
6003345
00165627
945023
- 0
- 0
- 0
(26365)
(26365)
(25778)
(21477)
- 0
- 0
02346
SOUTHWEST PRIMARY LEARNING CENTER
6508031
00179550
1024464
- 0
- 0
- 0
(28581)
(28581)
(27945)
(23282)
- 0
- 0
02350
DIGITAL ARTS AND TECHNOLOGY ACADEMY
18276643
00504235
2877029
- 0
- 0
- 0
(80265)
(80265)
(78479)
(65384)
- 0
- 0
02351
THE MONTESSORI ELEMENTARY SCHOOL
15956095
00440214
2511743
- 0
- 0
- 0
(70074)
(70074)
(68515)
(57082)
- 0
- 0
02353
CHRISTINE DUNCANS HERITAGE ACADEMY
11567894
00319147
1820967
- 0
- 0
- 0
(50802)
(50802)
(49672)
(41384)
- 0
- 0
02354
NATIVE AMERICAN COMMUNITY ACADEMY
24618203
00679193
3875292
- 0
- 0
- 0
(108115)
(108115)
(105710)
(88071)
- 0
- 0
02355
RALPH J BUNCHE ACADEMY
5170362
00142645
813894
- 0
- 0
- 0
(22706)
(22706)
(22201)
(18497)
- 0
- 0
02356
ALICE KING COMMUNITY SCHOOL(N ALB COOP C C)
15945481
00439921
2510071
- 0
- 0
- 0
(70027)
(70027)
(68469)
(57044)
- 0
- 0
02357
LA RESOLANA LEADERSHIP ACADEMY
5266902
00145309
829094
- 0
- 0
- 0
(23131)
(23131)
(22616)
(18842)
- 0
- 0
02358
VILLAGE ACADEMY CHARTER SCHOOL
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02360
BATAAN MILITARY ACADEMY
9938807
00274202
1564523
- 0
- 0
- 0
(43648)
(43648)
(42677)
(35556)
- 0
- 0
02361
ALBUQUERQUE TALENT DEVELOPMENT SECONDARY CHARTER
11434102
00315456
1799907
- 0
- 0
- 0
(50215)
(50215)
(49098)
(40905)
- 0
- 0
02362
GORDON BERNELL CHARTER SCHOOL
32236740
00889381
5074569
- 0
- 0
- 0
(141573)
(141573)
(138423)
(115325)
- 0
- 0
02363
CORRALES INTERNATIONAL SCHOOL
17491523
00482575
2753443
- 0
- 0
- 0
(76817)
(76817)
(75108)
(62575)
- 0
- 0
02364
COTTONWOOD CLASSICAL PREP SCHOOL
27174715
00749725
4277729
- 0
- 0
- 0
(119342)
(119342)
(116687)
(97216)
- 0
- 0
02365
MEDIA ARTS COLLABORATIVE CHARTER SCHOOL
12988950
00358353
2044666
- 0
- 0
- 0
(57043)
(57043)
(55774)
(46467)
- 0
- 0
02366
THE NEW AMERICA SCHOOL
15162026
00418306
2386741
- 0
- 0
- 0
(66587)
(66587)
(65105)
(54241)
- 0
- 0
02367
CIEN AGUAS INTERNATIONAL SCHOOL
16645455
00459232
2620254
- 0
- 0
- 0
(73101)
(73101)
(71475)
(59548)
- 0
- 0
02368
THE INTERNATIONAL SCH AT MESA DEL SOL
15953529
00440143
2511337
- 0
- 0
- 0
(70063)
(70063)
(68504)
(57073)
- 0
- 0
02370
TIERRA ADENTRO OF NEW MEXICO
14574532
00402098
2294263
- 0
- 0
- 0
(64007)
(64007)
(62583)
(52140)
- 0
- 0
02390
ACE LEADERSHIP HIGH SCHOOL
21477933
00592556
3380965
- 0
- 0
- 0
(94324)
(94324)
(92226)
(76836)
- 0
- 0
02396
SOUTH VALLEY PREPARATORY SCHOOL
9352262
00258020
1472193
- 0
- 0
- 0
(41072)
(41072)
(40158)
(33457)
- 0
- 0
02402
ALBUQUERQUE SIGN LANGUAGE ACADEMY
12136863
00334845
1910535
- 0
- 0
- 0
(53301)
(53301)
(52115)
(43419)
- 0
- 0
02412
ALBUQUERQUE SCHOOL OF EXCELLENCE
12941978
00357057
2037271
- 0
- 0
- 0
(56837)
(56837)
(55572)
(46299)
- 0
- 0
02413
THE GREAT ACADEMY
9104631
00251188
1433211
- 0
- 0
- 0
(39985)
(39985)
(39095)
(32571)
- 0
- 0
02414
THE NEW MEXICO INTERNATIONAL SCHOOL
9093315
00250876
1431431
- 0
- 0
- 0
(39935)
(39935)
(39046)
(32531)
- 0
- 0
02417
WILLIAM W amp JOSEPHINE DORN CHARTER COMMUNITY SCHOO
2499702
00068964
393490
- 0
- 0
- 0
(10978)
(10978)
(10734)
(8943)
- 0
- 0
02418
SAGE MONTESSORI CHARTER SCHOOL
7486288
00206540
1178462
- 0
- 0
- 0
(32877)
(32877)
(32146)
(26782)
- 0
- 0
02420
SOUTHWEST AERONAUTICS MATH amp SCIENCE ACADEMY
9312685
00256928
1465962
- 0
- 0
- 0
(40898)
(40898)
(39988)
(33316)
- 0
- 0
02421
CORAL COMMUNITY CHARTER SCHOOL
5518744
00152257
868737
- 0
- 0
- 0
(24237)
(24237)
(23697)
(19743)
- 0
- 0
02425
MISSION ACHIEVEMENT AND SUCCESS CHARTER SCHOOL
15952839
00440124
2511229
- 0
- 0
- 0
(70060)
(70060)
(68501)
(57071)
- 0
- 0
02430
Health Leadership Community School
9697716
00267551
1526574
- 0
- 0
- 0
(42589)
(42589)
(41642)
(34693)
- 0
- 0
03004
ARTESIA PUBLIC SCHOOLS
249203786
06875298
39228600
- 0
- 0
- 0
(1094421)
(1094421)
(1070073)
(891515)
- 0
- 0
03005
CARLSBAD MUNICIPAL SCHOOLS
457710863
12627812
72050896
- 0
- 0
- 0
(2010116)
(2010116)
(1965395)
(1637440)
- 0
- 0
03006
LOVING MUNICIPAL SCHOOLS
45366532
01251620
7141407
- 0
- 0
- 0
(199235)
(199235)
(194802)
(162297)
- 0
- 0
03321
JEFFERSON MONTESSORI ACADEMY
14230129
00392596
2240047
- 0
- 0
- 0
(62494)
(62494)
(61104)
(50908)
- 0
- 0
04008
DEXTER CONSOLIDATED SCHOOLS
74126962
02045093
11668750
- 0
- 0
- 0
(325541)
(325541)
(318299)
(265186)
- 0
- 0
04009
HAGERMAN MUNICIPAL SCHOOLS
35432505
00977549
5577631
- 0
- 0
- 0
(155608)
(155608)
(152146)
(126758)
- 0
- 0
04010
LAKE ARTHUR MUNICIPAL SCHOOLS
13637822
00376255
2146810
- 0
- 0
- 0
(59893)
(59893)
(58560)
(48789)
- 0
- 0
04011
ROSWELL INDEPENDENT SCHOOLS
615946152
16993374
96959618
- 0
- 0
- 0
(2705034)
(2705034)
(2644852)
(2203520)
- 0
- 0
04097
NEW MEXICO MILITARY INSTITUTE
168542271
04649923
26531209
- 0
- 0
- 0
(740182)
(740182)
(723715)
(602952)
- 0
- 0
04317
SIDNEY GUTIERREZ MIDDLE SCHOOL
4080477
00112577
642334
- 0
- 0
- 0
(17920)
(17920)
(17522)
(14598)
- 0
- 0
05011
CLOVIS COMMUNITY COLLEGE
91114505
02513763
14342855
- 0
- 0
- 0
(400145)
(400145)
(391243)
(325958)
- 0
- 0
05012
CLOVIS MUNICIPAL SCHOOLS
529906737
14619628
83415662
- 0
- 0
- 0
(2327177)
(2327177)
(2275402)
(1895717)
- 0
- 0
05013
GRADY MUNICIPAL SCHOOLS
13422095
00370303
2112849
- 0
- 0
- 0
(58945)
(58945)
(57634)
(48017)
- 0
- 0
05014
MELROSE SCHOOLS
20092869
00554343
3162932
- 0
- 0
- 0
(88241)
(88241)
(86278)
(71881)
- 0
- 0
05015
TEXICO MUNICIPAL SCHOOLS
46844881
01292406
7374121
- 0
- 0
- 0
(205727)
(205727)
(201150)
(167585)
- 0
- 0
05016
REGIONAL EDUCATIONAL CENTER 6
8833229
00243700
1390487
- 0
- 0
- 0
(38793)
(38793)
(37930)
(31600)
- 0
- 0
06016
EUNICE PUBLIC SCHOOLS
47356967
01306534
7454731
- 0
- 0
- 0
(207976)
(207976)
(203349)
(169417)
- 0
- 0
06017
HOBBS MUNICIPAL SCHOOLS
528484026
14580377
83191706
- 0
- 0
- 0
(2320929)
(2320929)
(2269293)
(1890628)
- 0
- 0
06018
JAL PUBLIC SCHOOLS
34332805
00947210
5404525
- 0
- 0
- 0
(150778)
(150778)
(147424)
(122824)
- 0
- 0
06019
LOVINGTON MUNICIPAL SCHOOLS
228661774
06308563
35994962
- 0
- 0
- 0
(1004208)
(1004208)
(981866)
(818027)
- 0
- 0
06020
TATUM MUNICIPAL SCHOOLS
32371140
00893089
5095725
- 0
- 0
- 0
(142163)
(142163)
(139001)
(115806)
- 0
- 0
06124
NEW MEXICO JUNIOR COLLEGE
143512547
03959376
22591134
- 0
- 0
- 0
(630260)
(630260)
(616238)
(513410)
- 0
- 0
06150
REGIONAL EDUCATIONAL COOP 7
2672852
00073741
420746
- 0
- 0
- 0
(11738)
(11738)
(11477)
(9562)
- 0
- 0
07021
GADSDEN INDEPENDENT SCHOOLS
954445594
26332255
150244759
- 0
- 0
- 0
(4191612)
(4191612)
(4098357)
(3414486)
- 0
- 0
07022
HATCH VALLEY PUBLIC SCHOOLS
101411144
02797838
15963710
- 0
- 0
- 0
(445365)
(445365)
(435456)
(362794)
- 0
- 0
07023
LAS CRUCES PUBLIC SCHOOLS
1700239556
46908008
267644467
- 0
- 0
- 0
(7466895)
(7466895)
(7300771)
(6082530)
- 0
- 0
07098
NEW MEXICO STATE UNIVERSITY
2740590573
75610313
431412093
- 0
- 0
- 0
(12035775)
(12035775)
(11768003)
(9804339)
- 0
- 0
07335
ALMA DARTE CHARTER HIGH SCHOOL
14804322
00408437
2330432
- 0
- 0
- 0
(65016)
(65016)
(63569)
(52962)
- 0
- 0
07337
LA ACADEMIA DOLORES HUERTA
9581137
00264335
1508224
- 0
- 0
- 0
(42077)
(42077)
(41141)
(34276)
- 0
- 0
07338
LAS MONTANAS CHARTER HIGH SCHOOL
14737236
00406586
2319870
- 0
- 0
- 0
(64721)
(64721)
(63281)
(52722)
- 0
- 0
07339
ANTHONY CHARTER SCHOOL
5217470
00143945
821311
- 0
- 0
- 0
(22913)
(22913)
(22404)
(18665)
- 0
- 0
07420
J PAUL TAYLOR ACADEMY
10921121
00301303
1719154
- 0
- 0
- 0
(47962)
(47962)
(46895)
(39070)
- 0
- 0
07421
NEW AMERICA SCHOOL-LAS CRUCES
12850101
00354522
2022807
- 0
- 0
- 0
(56433)
(56433)
(55178)
(45971)
- 0
- 0
08024
COBRE CONSOLIDATED SCHOOLS
107900060
02976861
16985168
- 0
- 0
- 0
(473862)
(473862)
(463319)
(386008)
- 0
- 0
08026
SILVER CONSOLIDATED SCHOOLS
223923812
06177847
35249132
- 0
- 0
- 0
(983400)
(983400)
(961521)
(801077)
- 0
- 0
08099
WESTERN NEW MEXICO UNIVERSITY
228493287
06303915
35968442
- 0
- 0
- 0
(1003468)
(1003468)
(981142)
(817424)
- 0
- 0
08347
ALDO LEOPOLD HIGH SCHOOL
11975600
00330396
1885151
- 0
- 0
- 0
(52593)
(52593)
(51423)
(42842)
- 0
- 0
09027
CIMARRON MUNICIPAL SCHOOLS
33888261
00934945
5334544
- 0
- 0
- 0
(148826)
(148826)
(145515)
(121234)
- 0
- 0
09028
MAXWELL MUNICIPAL SCHOOLS
15196104
00419246
2392105
- 0
- 0
- 0
(66736)
(66736)
(65252)
(54363)
- 0
- 0
09029
RATON PUBLIC SCHOOLS
80720720
02227009
12706714
- 0
- 0
- 0
(354499)
(354499)
(346612)
(288775)
- 0
- 0
09030
SPRINGER MUNICIPAL SCHOOLS
19298679
00532432
3037914
- 0
- 0
- 0
(84753)
(84753)
(82868)
(69040)
- 0
- 0
09150
HIGH PLAINS REGIONAL EDUCATIONAL COOP 3
12699970
00350380
1999174
- 0
- 0
- 0
(55774)
(55774)
(54533)
(45434)
- 0
- 0
09324
MORENO VALLEY HIGH SCHOOL
7446232
00205435
1172157
- 0
- 0
- 0
(32701)
(32701)
(31974)
(26639)
- 0
- 0
10032
SAN JON SCHOOLS
14631539
00403670
2303232
- 0
- 0
- 0
(64257)
(64257)
(62827)
(52344)
- 0
- 0
10033
TUCUMCARI PUBLIC SCHOOLS
74492978
02055191
11726367
- 0
- 0
- 0
(327149)
(327149)
(319870)
(266495)
- 0
- 0
10119
HOUSE MUNICIPAL SCHOOLS
14003541
00386345
2204381
- 0
- 0
- 0
(61499)
(61499)
(60131)
(50097)
- 0
- 0
10120
LOGAN MUNICIPAL SCHOOLS
25199979
00695244
3966875
- 0
- 0
- 0
(110670)
(110670)
(108208)
(90152)
- 0
- 0
10141
MESALANDS COMMUNITY COLLEGE
35425739
00977363
5576570
- 0
- 0
- 0
(155578)
(155578)
(152117)
(126734)
- 0
- 0
11034
ELIDA MUNICIPAL SCHOOLS
14152846
00390464
2227882
- 0
- 0
- 0
(62155)
(62155)
(60772)
(50631)
- 0
- 0
11035
PORTALES MUNICIPAL SCHOOLS
202486725
05586418
31874597
- 0
- 0
- 0
(889255)
(889255)
(869471)
(724387)
- 0
- 0
11101
EASTERN NEW MEXICO UNIVERSITY - PORTALES
321726936
08876143
50644883
- 0
- 0
- 0
(1412919)
(1412919)
(1381485)
(1150964)
- 0
- 0
11102
EASTERN NM UNIVERSITY - ROSWELL
132681232
03660550
20886113
- 0
- 0
- 0
(582692)
(582692)
(569729)
(474661)
- 0
- 0
11117
DORA CONSOLIDATED SCHOOLS
23215804
00640502
3654532
- 0
- 0
- 0
(101956)
(101956)
(99688)
(83053)
- 0
- 0
11118
FLOYD MUNICIPAL SCHOOLS
22040516
00608077
3469524
- 0
- 0
- 0
(96795)
(96795)
(94641)
(78849)
- 0
- 0
12037
LAS VEGAS CITY SCHOOLS
125424467
03460343
19743786
- 0
- 0
- 0
(550823)
(550823)
(538568)
(448700)
- 0
- 0
12038
WEST LAS VEGAS SCHOOLS
135571770
03740297
21341128
- 0
- 0
- 0
(595387)
(595387)
(582141)
(485002)
- 0
- 0
12039
PECOS INDEPENDENT SCHOOLS
57989889
01599886
9128519
- 0
- 0
- 0
(254673)
(254673)
(249007)
(207456)
- 0
- 0
12102
NEW MEXICO HIGHLANDS UNIVERSITY
293679047
08102328
46229703
- 0
- 0
- 0
(1289742)
(1289742)
(1261048)
(1050624)
- 0
- 0
12128
LUNA COMMUNITY COLLEGE
77802974
02146511
12247414
- 0
- 0
- 0
(341685)
(341685)
(334083)
(278337)
- 0
- 0
12150
PECOS VALLEY REC 8
6405772
00176729
1008368
- 0
- 0
- 0
(28132)
(28132)
(27506)
(22916)
- 0
- 0
12151
NORTHEAST REGIONAL EDUCATION COOP
7566786
00208760
1191128
- 0
- 0
- 0
(33231)
(33231)
(32491)
(27070)
- 0
- 0
13041
GALLUP MCKINLEY COUNTY SCHOOLS
874308315
24121343
137629890
- 0
- 0
- 0
(3839676)
(3839676)
(3754250)
(3127799)
- 0
- 0
13142
ZUNI PUBLIC SCHOOLS
130100988
03589364
20479945
- 0
- 0
- 0
(571361)
(571361)
(558649)
(465430)
- 0
- 0
13369
MIDDLE COLLEGE HIGH SCHOOL
5022305
00138561
790592
- 0
- 0
- 0
(22056)
(22056)
(21566)
(17967)
- 0
- 0
13430
UPLIFT COMMUNITY SCHOOL
8929543
00246358
1405652
- 0
- 0
- 0
(39216)
(39216)
(38343)
(31945)
- 0
- 0
14043
BELEN CONSOLIDATED SCHOOLS
282020844
07780689
44394517
- 0
- 0
- 0
(1238543)
(1238543)
(1210988)
(1008917)
- 0
- 0
14044
GRANTS-CIBOLA COUNTY SCHOOLS
270364497
07459102
42559628
- 0
- 0
- 0
(1187352)
(1187352)
(1160936)
(967217)
- 0
- 0
14045
LOS LUNAS SCHOOLS
516619864
14253055
81324095
- 0
- 0
- 0
(2268825)
(2268825)
(2218348)
(1848184)
- 0
- 0
14366
SCHOOL OF DREAMS ACADEMY
16804216
00463612
2645245
- 0
- 0
- 0
(73799)
(73799)
(72157)
(60116)
- 0
- 0
15046
ALAMOGORDO PUBLIC SCHOOLS
369877443
10204570
58224529
- 0
- 0
- 0
(1624380)
(1624380)
(1588241)
(1323220)
- 0
- 0
15047
CLOUDCROFT MUNICIPAL SCHOOLS
30771554
00848958
4843926
- 0
- 0
- 0
(135139)
(135139)
(132132)
(110084)
- 0
- 0
15049
TULAROSA MUNICIPAL SCHOOLS
68396924
01887007
10766754
- 0
- 0
- 0
(300377)
(300377)
(293694)
(244687)
- 0
- 0
15104
NEW MEXICO SCHOOL FT BLIND amp VISUALLY IMPAIRED
79976142
02206466
12589501
- 0
- 0
- 0
(351229)
(351229)
(343415)
(286111)
- 0
- 0
16050
AZTEC MUNICIPAL SCHOOLS
187894163
05183823
29577499
- 0
- 0
- 0
(825170)
(825170)
(806811)
(672183)
- 0
- 0
16051
BLOOMFIELD SCHOOLS
209183372
05771172
32928754
- 0
- 0
- 0
(918665)
(918665)
(898226)
(748344)
- 0
- 0
16052
FARMINGTON MUNICIPAL SCHOOLS
709808631
19582952
111735053
- 0
- 0
- 0
(3117247)
(3117247)
(3047894)
(2539308)
- 0
- 0
16053
CENTRAL CONSOLIDATED SCHOOLS
497242938
13718464
78273863
- 0
- 0
- 0
(2183728)
(2183728)
(2135144)
(1778864)
- 0
- 0
16155
SAN JUAN COLLEGE
372723272
10283084
58672509
- 0
- 0
- 0
(1636878)
(1636878)
(1600461)
(1333401)
- 0
- 0
16356
MOSAIC ACADEMY CHARTER
10488019
00289355
1650982
- 0
- 0
- 0
(46060)
(46060)
(45035)
(37520)
- 0
- 0
16357
CARINOS CHARTER SCHOOL
17209176
00474785
2708995
- 0
- 0
- 0
(75577)
(75577)
(73896)
(61565)
- 0
- 0
16358
NEW MEXICO VIRTUAL ACADEMY
8945064
00246786
1408094
- 0
- 0
- 0
(39284)
(39284)
(38410)
(32001)
- 0
- 0
17054
ESPANOLA PUBLIC SCHOOLS
260245590
07179931
40966754
- 0
- 0
- 0
(1142913)
(1142913)
(1117486)
(931017)
- 0
- 0
17105
NORTHERN NEW MEXICO COLLEGE
128311258
03539987
20198213
- 0
- 0
- 0
(563501)
(563501)
(550964)
(459028)
- 0
- 0
17115
DULCE INDEPENDENT SCHOOLS
63542017
01753064
10002511
- 0
- 0
- 0
(279056)
(279056)
(272847)
(227319)
- 0
- 0
17126
CHAMA VALLEY SCHOOLS
41127543
01134670
6474122
- 0
- 0
- 0
(180619)
(180619)
(176600)
(147132)
- 0
- 0
17127
MESA VISTA CONSOLIDATED SCHOOLS
36319862
01002031
5717319
- 0
- 0
- 0
(159505)
(159505)
(155956)
(129933)
- 0
- 0
17334
LINDRITH AREA HERITAGE SCHOOL
1999722
00055170
314785
- 0
- 0
- 0
(8782)
(8782)
(8587)
(7154)
- 0
- 0
17424
MC CURDY CHARTER SCHOOL
26341385
00726734
4146549
- 0
- 0
- 0
(115683)
(115683)
(113109)
(94235)
- 0
- 0
17425
LA TIERRA MONTESSORI SCHOOL
3636882
00100338
572502
- 0
- 0
- 0
(15972)
(15972)
(15617)
(13011)
- 0
- 0
18056
CLAYTON MUNICIPAL SCHOOLS
41375879
01141522
6513217
- 0
- 0
- 0
(181709)
(181709)
(177667)
(148020)
- 0
- 0
18057
DES MOINES MUNICIPAL SCHOOLS
12824909
00353827
2018842
- 0
- 0
- 0
(56323)
(56323)
(55070)
(45881)
- 0
- 0
19059
DEMING PUBLIC SCHOOLS
358423873
09888577
56421558
- 0
- 0
- 0
(1574080)
(1574080)
(1539060)
(1282245)
- 0
- 0
19301
DEMING CESAR CHAVEZ CHARTER HIGH SCHOOL
10654211
00293940
1677143
- 0
- 0
- 0
(46790)
(46790)
(45749)
(38115)
- 0
- 0
20060
PENASCO INDEPENDENT SCHOOLS
43124424
01189762
6788462
- 0
- 0
- 0
(189388)
(189388)
(185175)
(154276)
- 0
- 0
20062
TAOS MUNICIPAL SCHOOLS
185250055
05110875
29161277
- 0
- 0
- 0
(813558)
(813558)
(795458)
(662724)
- 0
- 0
20125
QUESTA INDEPENDENT SCHOOLS
53837543
01485327
8474876
- 0
- 0
- 0
(236437)
(236437)
(231177)
(192601)
- 0
- 0
20265
TAOS ACADEMY CHARTER SCHOOL
11325900
00312471
1782875
- 0
- 0
- 0
(49740)
(49740)
(48633)
(40518)
- 0
- 0
20266
La Jicarita Community School
2194276
00060538
345414
- 0
- 0
- 0
(9637)
(9637)
(9422)
(7850)
- 0
- 0
20307
TAOS CHARTER SCHOOL
10997820
00303419
1731227
- 0
- 0
- 0
(48299)
(48299)
(47224)
(39344)
- 0
- 0
20312
RED RIVER VALLEY CHARTER SCHOOLS
4685520
00129269
737574
- 0
- 0
- 0
(20577)
(20577)
(20119)
(16762)
- 0
- 0
20316
ANANSI CHARTER SCHOOL
8137027
00224493
1280897
- 0
- 0
- 0
(35735)
(35735)
(34940)
(29110)
- 0
- 0
20317
VISTA GRANDE HIGH SCHOOL
6300504
00173825
991799
- 0
- 0
- 0
(27670)
(27670)
(27054)
(22540)
- 0
- 0
20415
TAOS INTEGRATED SCHOOL OF THE ARTS
6209169
00171305
977420
- 0
- 0
- 0
(27269)
(27269)
(26662)
(22213)
- 0
- 0
21063
TRUTH OR CONSEQUENCES MUNICIPAL SCHOOLS
108041191
02980755
17007386
- 0
- 0
- 0
(474482)
(474482)
(463925)
(386513)
- 0
- 0
21150
SOUTHWEST REGIONAL ED COOPERATIVE 10
13050923
00360063
2054423
- 0
- 0
- 0
(57315)
(57315)
(56040)
(46689)
- 0
- 0
22065
ESTANCIA MUNICPAL SCHOOLS
61525804
01697439
9685130
- 0
- 0
- 0
(270201)
(270201)
(264190)
(220106)
- 0
- 0
22066
MORIARTY-EDGEWOOD SCHOOL DISTRICT
195971575
05406671
30849009
- 0
- 0
- 0
(860643)
(860643)
(841495)
(701079)
- 0
- 0
22067
MOUNTAINAIR PUBLIC SCHOOLS
25324156
00698670
3986423
- 0
- 0
- 0
(111215)
(111215)
(108741)
(90596)
- 0
- 0
22201
ESTANCIA VALLEY CLASSICAL ACADEMY
17772159
00490317
2797617
- 0
- 0
- 0
(78049)
(78049)
(76313)
(63579)
- 0
- 0
23070
LORDSBURG MUNICIPAL SCHOOLS
51096743
01409711
8043431
- 0
- 0
- 0
(224400)
(224400)
(219408)
(182796)
- 0
- 0
23121
ANIMAS PUBLIC SCHOOLS
19292757
00532269
3036984
- 0
- 0
- 0
(84727)
(84727)
(82842)
(69019)
- 0
- 0
24072
SANTA ROSA CONSOLIDATED SCHOOLS
56809634
01567324
8942729
- 0
- 0
- 0
(249489)
(249489)
(243939)
(203234)
- 0
- 0
24073
VAUGHN MUNICIPAL SCHOOLS
12288412
00339026
1934391
- 0
- 0
- 0
(53967)
(53967)
(52766)
(43961)
- 0
- 0
25075
MAGDELENA MUNICIPAL SCHOOLS
39388022
01086678
6200292
- 0
- 0
- 0
(172979)
(172979)
(169131)
(140909)
- 0
- 0
25076
SOCORRO CONSOLIDATED SCHOOLS
119743612
03303613
18849526
- 0
- 0
- 0
(525875)
(525875)
(514175)
(428377)
- 0
- 0
25106
NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY
472350274
13031699
74355367
- 0
- 0
- 0
(2074408)
(2074408)
(2028256)
(1689812)
- 0
- 0
25319
COTTONWOOD VALLEY CHARTER SCHOOLS
11134970
00307203
1752818
- 0
- 0
- 0
(48901)
(48901)
(47813)
(39835)
- 0
- 0
26077
CAPITAN MUNICIPAL SCHOOLS
35934847
00991409
5656713
- 0
- 0
- 0
(157814)
(157814)
(154303)
(128555)
- 0
- 0
26078
CARRIZOZO MUNICIPAL SCHOOLS
15641987
00431548
2462297
- 0
- 0
- 0
(68695)
(68695)
(67166)
(55959)
- 0
- 0
26079
CORONA PUBLIC SCHOOLS
13583697
00374761
2138285
- 0
- 0
- 0
(59655)
(59655)
(58328)
(48595)
- 0
- 0
26080
HONDO VALLEY PUBLIC SCHOOLS
16942484
00467427
2667013
- 0
- 0
- 0
(74406)
(74406)
(72750)
(60611)
- 0
- 0
26081
RUIDOSO MUNICIPAL SCHOOL DISTRICT
125672227
03467178
19782784
- 0
- 0
- 0
(551911)
(551911)
(539632)
(449587)
- 0
- 0
26150
REGION IX EDUCATIONAL COOPERATIVE
31729042
00875374
4994648
- 0
- 0
- 0
(139343)
(139343)
(136243)
(113509)
- 0
- 0
27083
FORT SUMNER MUNICIPAL SCHOOLS
30489477
00841176
4799524
- 0
- 0
- 0
(133900)
(133900)
(130921)
(109075)
- 0
- 0
28084
QUEMADO INDEPENDENT SCHOOLS
17595257
00485437
2769773
- 0
- 0
- 0
(77273)
(77273)
(75554)
(62946)
- 0
- 0
28085
RESERVE INDEPENDENT SCHOOLS
18999938
00524190
2990887
- 0
- 0
- 0
(83441)
(83441)
(81585)
(67971)
- 0
- 0
29086
BERNALILLO PUBLIC SCHOOLS
256481726
07076089
40374259
- 0
- 0
- 0
(1126384)
(1126384)
(1101324)
(917552)
- 0
- 0
29087
CUBA INDEPENDENT SCHOOLS
56653909
01563028
8918217
- 0
- 0
- 0
(248805)
(248805)
(243270)
(202677)
- 0
- 0
29088
JEMEZ VALLEY PUBLIC SCHOOLS
30896483
00852405
4863593
- 0
- 0
- 0
(135687)
(135687)
(132668)
(110531)
- 0
- 0
29122
JEMEZ MOUNTAIN SCHOOL DISTRICT
31276427
00862887
4923401
- 0
- 0
- 0
(137356)
(137356)
(134300)
(111890)
- 0
- 0
29123
RIO RANCHO PUBLIC SCHOOLS
1067726236
29457561
168076913
- 0
- 0
- 0
(4689104)
(4689104)
(4584780)
(3819742)
- 0
- 0
29150
NORTHWEST REGIONAL EDUCATION 2
4890736
00134931
769880
- 0
- 0
- 0
(21479)
(21479)
(21001)
(17496)
- 0
- 0
29305
SAN DIEGO RIVERSIDE CHARTER SCHOOL
6815857
00188043
1072923
- 0
- 0
- 0
(29933)
(29933)
(29267)
(24383)
- 0
- 0
29330
WALATOWA CHARTER HIGH SCHOOL
6020020
00166087
947648
- 0
- 0
- 0
(26438)
(26438)
(25850)
(21536)
- 0
- 0
29408
THE ASK ACADEMY
13515142
00372870
2127496
- 0
- 0
- 0
(59354)
(59354)
(58034)
(48350)
- 0
- 0
30089
MORA INDEPENDENT SCHOOLS
46556291
01284444
7328692
- 0
- 0
- 0
(204460)
(204460)
(199911)
(166553)
- 0
- 0
30090
WAGON MOUND PUBLIC SCHOOLS
15846572
00437192
2494500
- 0
- 0
- 0
(69593)
(69593)
(68045)
(56690)
- 0
- 0
31091
MOSQUERO MUNICIPAL SCHOOLS
8360043
00230646
1316004
- 0
- 0
- 0
(36715)
(36715)
(35898)
(29908)
- 0
- 0
31092
ROY MUNICIPAL SCHOOLS
9840797
00271498
1549095
- 0
- 0
- 0
(43218)
(43218)
(42256)
(35205)
- 0
- 0
32093
LOS ALAMOS PUBLIC SCHOOLS
313613561
08652303
49367712
- 0
- 0
- 0
(1377288)
(1377288)
(1346646)
(1121938)
- 0
- 0
36246253697
1000000000
5705730817
- 0
- 0
- 0
(159181664)
(159181664)
(155640186)
(129669335)
- 0
- 0
New Mexico Educational Retirement Board
Schedule of Collective Pension Amounts
As of and for the year ended June 30 2014
Net Pension Liability (775 Discount)
$ 5705730813
Net Pension Liability -- 100 Decrease (675 Discount)
$ 7763304829
Net Pension Liability -- 100 Increase (875 Discount)
$ 3987098791
Deferred Outflows of Resources
Differences Between Expected and Actual Experience
$ 0
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
0
Changes in Assumptions
0
Total Deferred Outflows of Resources Excluding Employer-Specific Amounts
$ 0
Deferred Inflows of Resources
Differences Between Expected and Actual Experience
$ 84995487
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
518677364
Changes inf Assumptions
0
Total Deferred Inflows of Resources Excluding Employer-Specific Amounts
$ 603672851
Pension Plan Expense
$ 395014052
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
17
New Mexico Educational Retirement BoardSchedule of Collective Pension AmountsAs of and for the year ended June 30 2014
Net Pension Liability (775 Discount) 5705730813$ Net Pension Liability -- 100 Decrease (675 Discount) 7763304829$ Net Pension Liability -- 100 Increase (875 Discount) 3987098791$
Deferred Outflows of ResourcesDifferences Between Expected and Actual Experience 0$ Net Difference Between Projected and Actual Investment Earnings on Plan 0Changes in Assumptions 0Total Deferred Outflows of Resources Excluding Employer-Specific Amounts 0$
Deferred Inflows of ResourcesDifferences Between Expected and Actual Experience 84995487$ Net Difference Between Projected and Actual Investment Earnings on Plan Investments 518677364Changes inf Assumptions 0Total Deferred Inflows of Resources Excluding Employer-Specific Amounts 603672851$
Pension Plan Expense 395014052$
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
ERBrsquos GASB 68 Collective Amounts
68_Collective Info
68_Shares
18
19
20
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Notes to Financial StatementsSummary of Significant Accounting Policies Basis of Accounting For purposes of
measuring the net pension liability deferred outflows of resources and deferred inflows of resources related to pensions and pension expense information about the fiduciary net position of the ERB and additions todeductions from ERBrsquos fiduciary net position have been determined on the same basis as they are reported by ERB Plan For this purpose benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms Investments are reported at fair value
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense At June 30 2015 the University of ABC (UABC) reported a liability of $14910 for its proportionate share of the net pension liability The net pension liability was measured as of June 30 2015 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as June 30 2014 UABCrsquos proportion of the net pension liability was based on UABCrsquos contributions to ERB for the year ending June 30 2015 relative to the total contribution for all employers participating in ERB a projection of the long-term share of contributions to the pension plan relative to projected contributions of all participating school districts actuarially determined At June 30 2015 UABCrsquos proportion was XX percent which was an increase of XX percent from its proportion measured as of June 30 2014
Sample Employer GASB 68 Disclosures
21
Sample Employer GASB 68 Disclosureshellipcont
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense (Cont)For the year ended June 30 2015 UABC recognized pension expense of $2394 At June 30 2015 reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources
Payable to the Pension Plan At June 30 2015 UABC reported a payable of $5432 for the outstanding contributions to the pension plan required for the year ended June 30 2015
Deferred Outflowsof Resources
Deferred Inflowsof Resources
Differences between expected and actual experience $ 2657 $ 142
Changes of assumptions 1714 130
Net difference between projected and actual earnings on pension plan investments
- 2194
Changes in proportion and differences between UABC contributions and proportionate share of contributions
753 156
UABC contributions subsequent to the measurement date 1065 -
Total $ 6189 $ 2622
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Questions
22
Appendix A page 1ERB Actuarials at a Glance
23
Fiscal Year 63012 63013 63014 63014GASB 67
UAAL $62B $65B $63B $57B
Funded Ratio 607 601 631 669
Funding Period Infinite 951 years 421 years Not applicable
Funding Policy
Contribution1759 1747 1632 Not applicable
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
New Mexico Educational Retirement Board
Deferred Outflows
Deferred Inflows
Schedule of Employer-Specific Pension Amounts
of Resources
of Resources
Pension Expense
Subsequent Recognition of Deferred Amounts
As of and for the year ended June 30 2014
Net Amortization
of Deferred
Amounts from
Changes in
Changes in
Changes in
Proportion
Proportion
Proportion
and Differences
and Differences
and Differences
Between
Between
Between
Employer
Employer
Employer
Contributions
Contributions
Contributions
and Proportionate
and Proportionate
and Proportionate
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Fiscal Year
Net Pension Liability
Share of
Share of
Share of
Ending
Ending
Ending
Ending
Ending
ER Code
Employer Name
Contribution
Employer Allocation Percentage
(775 Discount)
Contributions
Contributions
Contributions
2015
2016
2017
2018
2019
Thereafter
01001
POJOAQUE VALLEY SCHOOLS
130138115
03590388
20485787
- 0
- 0
- 0
(571524)
(571524)
(558809)
(465563)
- 0
- 0
01002
SANTA FE PUBLIC SCHOOLS
903846552
24936275
142279673
- 0
- 0
- 0
(3969398)
(3969398)
(3881086)
(3233470)
- 0
- 0
01003
SANTA FE COMMUNITY COLLEGE
285623563
07880085
44961644
- 0
- 0
- 0
(1254365)
(1254365)
(1226458)
(1021805)
- 0
- 0
01094
NEW MEXICO SCHOOL FOR THE DEAF
55303678
01525776
8705667
- 0
- 0
- 0
(242876)
(242876)
(237472)
(197846)
- 0
- 0
01301
THE ACADEMY FOR TECHNOLOGY amp THE CLASSICS
22265370
00614281
3504922
- 0
- 0
- 0
(97782)
(97782)
(95607)
(79653)
- 0
- 0
01306
MONTE DEL SOL CHARTER SCHOOL
27346513
00754465
4304774
- 0
- 0
- 0
(120097)
(120097)
(117425)
(97831)
- 0
- 0
01315
TURQUOISE TRAIL CHARTER SCHOOL
29690099
00819122
4673690
- 0
- 0
- 0
(130389)
(130389)
(127488)
(106215)
- 0
- 0
01341
STATE OF NEW MEXICO
121504115
03352184
19126660
- 0
- 0
- 0
(533606)
(533606)
(521735)
(434675)
- 0
- 0
01343
TIERRA ENCANTADA CHARTER SCHOOL
18916878
00521899
2977815
- 0
- 0
- 0
(83077)
(83077)
(81228)
(67674)
- 0
- 0
01398
THE MASTERS PROGRAM
11557405
00318858
1819318
- 0
- 0
- 0
(50756)
(50756)
(49627)
(41346)
- 0
- 0
01416
NEW MEXICO SCHOOL FOR THE ARTS
14899946
00411075
2345483
- 0
- 0
- 0
(65436)
(65436)
(63980)
(53304)
- 0
- 0
01418
New Mexico Connections Academy
10201256
00281443
1605838
- 0
- 0
- 0
(44801)
(44801)
(43804)
(36495)
- 0
- 0
02003
ALBUQUERQUE PUBLIC SCHOOLS
6164408173
170070218
970374883
- 0
- 0
- 0
(27072060)
(27072060)
(26469760)
(22052893)
- 0
- 0
02095
UNIVERSITY OF NEW MEXICO
5918270140
163279499
931628869
- 0
- 0
- 0
(25991102)
(25991102)
(25412851)
(21172345)
- 0
- 0
02123
CENTRAL NEW MEXICO COMMUNITY COLLEGE
965367901
26633591
151964101
- 0
- 0
- 0
(4239579)
(4239579)
(4145257)
(3453560)
- 0
- 0
02148
NEW MEXICO ACTIVITIES ASSOCIATION
13674332
00377262
2152555
- 0
- 0
- 0
(60053)
(60053)
(58717)
(48919)
- 0
- 0
02150
CENTRAL REGIONAL EDUCATION COOP
32918525
00908191
5181893
- 0
- 0
- 0
(144567)
(144567)
(141351)
(117765)
- 0
- 0
02295
UNIVERSITY HOSPITALS
38915116
01073631
6125849
- 0
- 0
- 0
(170902)
(170902)
(167100)
(139217)
- 0
- 0
02303
AMY BIEHL HIGH SCHOOL
24086383
00664521
3791578
- 0
- 0
- 0
(105780)
(105780)
(103426)
(86168)
- 0
- 0
02304
EAST MOUNTAIN HIGH SCHOOL
24508244
00676159
3857981
- 0
- 0
- 0
(107632)
(107632)
(105238)
(87677)
- 0
- 0
02308
TWENTY-FIRST CENTURY PUBLIC ACADEMY
10638203
00293498
1674621
- 0
- 0
- 0
(46720)
(46720)
(45680)
(38058)
- 0
- 0
02309
SOUTH VALLEY ACADEMY
27055891
00746447
4259026
- 0
- 0
- 0
(118821)
(118821)
(116177)
(96791)
- 0
- 0
02310
SOUTHWEST SECONDARY LEARNING CENTER
12754266
00351878
2007721
- 0
- 0
- 0
(56013)
(56013)
(54766)
(45628)
- 0
- 0
02311
NUESTROS VALORES CHARTER SCHOOL
8467810
00233619
1332967
- 0
- 0
- 0
(37188)
(37188)
(36361)
(30293)
- 0
- 0
02313
ROOTS AND WINGS COMMUNITY SCHOOL
3195446
00088159
503012
- 0
- 0
- 0
(14033)
(14033)
(13721)
(11432)
- 0
- 0
02314
THE LEARNING COMMUNITY CHARTER
12127601
00334589
1909075
- 0
- 0
- 0
(53260)
(53260)
(52075)
(43386)
- 0
- 0
02318
ROBERT F KENNEDY CHARTER SCHOOL
19636783
00541760
3091137
- 0
- 0
- 0
(86238)
(86238)
(84320)
(70250)
- 0
- 0
02320
PUBLIC ACADEMY FOR PERFORMING ARTS
22952684
00633243
3613114
- 0
- 0
- 0
(100801)
(100801)
(98558)
(82112)
- 0
- 0
02322
LOS PUENTES CHARTER SCHOOL
15963339
00440413
2512878
- 0
- 0
- 0
(70106)
(70106)
(68546)
(57108)
- 0
- 0
02323
EL CAMINO REAL ACADEMY
25600416
00706291
4029906
- 0
- 0
- 0
(112429)
(112429)
(109927)
(91584)
- 0
- 0
02327
HORIZON ACADEMY WEST
22209646
00612743
3496147
- 0
- 0
- 0
(97537)
(97537)
(95367)
(79454)
- 0
- 0
02328
NORTH VALLEY ACADEMY
21177733
00584274
3333710
- 0
- 0
- 0
(93006)
(93006)
(90937)
(75762)
- 0
- 0
02329
LA ACADEMIA DE ESPERANZA
32216102
00888812
5071322
- 0
- 0
- 0
(141483)
(141483)
(138335)
(115252)
- 0
- 0
02331
LA ACADEMIA DE LENGUA Y CULTURA
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02334
MONTESSORI OF THE RIO GRANDE CHARTER SCHOOL
13170269
00363355
2073206
- 0
- 0
- 0
(57839)
(57839)
(56553)
(47116)
- 0
- 0
02336
CESAR CHAVEZ COMMUNITY SCHOOL
13344118
00368152
2100576
- 0
- 0
- 0
(58603)
(58603)
(57299)
(47738)
- 0
- 0
02338
CREATIVE EDUCATION PREPARATORY INSTITUTE 1
13923018
00384123
2191702
- 0
- 0
- 0
(61145)
(61145)
(59785)
(49809)
- 0
- 0
02339
GILBERT L SENA CHARTER HIGH SCHOOL
13971841
00385470
2199388
- 0
- 0
- 0
(61360)
(61360)
(59995)
(49984)
- 0
- 0
02340
SCHOOL FOR INTEGRATED ACADEMICS amp TECHNOLOGIES
17385947
00479662
2736822
- 0
- 0
- 0
(76353)
(76353)
(74655)
(62197)
- 0
- 0
02341
ALB INSTITUTE FOR MATH AND SCIENCE UNM
17455816
00481590
2747823
- 0
- 0
- 0
(76660)
(76660)
(74955)
(62447)
- 0
- 0
02342
MOUNTAIN MAHOGONY COMMUNITY
11336352
00312759
1784519
- 0
- 0
- 0
(49785)
(49785)
(48678)
(40555)
- 0
- 0
02343
LA PROMESA EARLY LEARNING
22284215
00614801
3507889
- 0
- 0
- 0
(97865)
(97865)
(95688)
(79721)
- 0
- 0
02344
ACADEMY OF TRADES AND TECHNOLOGY (YOUTH BUILD CO)
9306534
00256759
1464998
- 0
- 0
- 0
(40871)
(40871)
(39962)
(33294)
- 0
- 0
02345
SOUTHWEST INTERMEDIATE LEARNING CTR (LA LUZ DEL M)
6003345
00165627
945023
- 0
- 0
- 0
(26365)
(26365)
(25778)
(21477)
- 0
- 0
02346
SOUTHWEST PRIMARY LEARNING CENTER
6508031
00179550
1024464
- 0
- 0
- 0
(28581)
(28581)
(27945)
(23282)
- 0
- 0
02350
DIGITAL ARTS AND TECHNOLOGY ACADEMY
18276643
00504235
2877029
- 0
- 0
- 0
(80265)
(80265)
(78479)
(65384)
- 0
- 0
02351
THE MONTESSORI ELEMENTARY SCHOOL
15956095
00440214
2511743
- 0
- 0
- 0
(70074)
(70074)
(68515)
(57082)
- 0
- 0
02353
CHRISTINE DUNCANS HERITAGE ACADEMY
11567894
00319147
1820967
- 0
- 0
- 0
(50802)
(50802)
(49672)
(41384)
- 0
- 0
02354
NATIVE AMERICAN COMMUNITY ACADEMY
24618203
00679193
3875292
- 0
- 0
- 0
(108115)
(108115)
(105710)
(88071)
- 0
- 0
02355
RALPH J BUNCHE ACADEMY
5170362
00142645
813894
- 0
- 0
- 0
(22706)
(22706)
(22201)
(18497)
- 0
- 0
02356
ALICE KING COMMUNITY SCHOOL(N ALB COOP C C)
15945481
00439921
2510071
- 0
- 0
- 0
(70027)
(70027)
(68469)
(57044)
- 0
- 0
02357
LA RESOLANA LEADERSHIP ACADEMY
5266902
00145309
829094
- 0
- 0
- 0
(23131)
(23131)
(22616)
(18842)
- 0
- 0
02358
VILLAGE ACADEMY CHARTER SCHOOL
000
00000000
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
02360
BATAAN MILITARY ACADEMY
9938807
00274202
1564523
- 0
- 0
- 0
(43648)
(43648)
(42677)
(35556)
- 0
- 0
02361
ALBUQUERQUE TALENT DEVELOPMENT SECONDARY CHARTER
11434102
00315456
1799907
- 0
- 0
- 0
(50215)
(50215)
(49098)
(40905)
- 0
- 0
02362
GORDON BERNELL CHARTER SCHOOL
32236740
00889381
5074569
- 0
- 0
- 0
(141573)
(141573)
(138423)
(115325)
- 0
- 0
02363
CORRALES INTERNATIONAL SCHOOL
17491523
00482575
2753443
- 0
- 0
- 0
(76817)
(76817)
(75108)
(62575)
- 0
- 0
02364
COTTONWOOD CLASSICAL PREP SCHOOL
27174715
00749725
4277729
- 0
- 0
- 0
(119342)
(119342)
(116687)
(97216)
- 0
- 0
02365
MEDIA ARTS COLLABORATIVE CHARTER SCHOOL
12988950
00358353
2044666
- 0
- 0
- 0
(57043)
(57043)
(55774)
(46467)
- 0
- 0
02366
THE NEW AMERICA SCHOOL
15162026
00418306
2386741
- 0
- 0
- 0
(66587)
(66587)
(65105)
(54241)
- 0
- 0
02367
CIEN AGUAS INTERNATIONAL SCHOOL
16645455
00459232
2620254
- 0
- 0
- 0
(73101)
(73101)
(71475)
(59548)
- 0
- 0
02368
THE INTERNATIONAL SCH AT MESA DEL SOL
15953529
00440143
2511337
- 0
- 0
- 0
(70063)
(70063)
(68504)
(57073)
- 0
- 0
02370
TIERRA ADENTRO OF NEW MEXICO
14574532
00402098
2294263
- 0
- 0
- 0
(64007)
(64007)
(62583)
(52140)
- 0
- 0
02390
ACE LEADERSHIP HIGH SCHOOL
21477933
00592556
3380965
- 0
- 0
- 0
(94324)
(94324)
(92226)
(76836)
- 0
- 0
02396
SOUTH VALLEY PREPARATORY SCHOOL
9352262
00258020
1472193
- 0
- 0
- 0
(41072)
(41072)
(40158)
(33457)
- 0
- 0
02402
ALBUQUERQUE SIGN LANGUAGE ACADEMY
12136863
00334845
1910535
- 0
- 0
- 0
(53301)
(53301)
(52115)
(43419)
- 0
- 0
02412
ALBUQUERQUE SCHOOL OF EXCELLENCE
12941978
00357057
2037271
- 0
- 0
- 0
(56837)
(56837)
(55572)
(46299)
- 0
- 0
02413
THE GREAT ACADEMY
9104631
00251188
1433211
- 0
- 0
- 0
(39985)
(39985)
(39095)
(32571)
- 0
- 0
02414
THE NEW MEXICO INTERNATIONAL SCHOOL
9093315
00250876
1431431
- 0
- 0
- 0
(39935)
(39935)
(39046)
(32531)
- 0
- 0
02417
WILLIAM W amp JOSEPHINE DORN CHARTER COMMUNITY SCHOO
2499702
00068964
393490
- 0
- 0
- 0
(10978)
(10978)
(10734)
(8943)
- 0
- 0
02418
SAGE MONTESSORI CHARTER SCHOOL
7486288
00206540
1178462
- 0
- 0
- 0
(32877)
(32877)
(32146)
(26782)
- 0
- 0
02420
SOUTHWEST AERONAUTICS MATH amp SCIENCE ACADEMY
9312685
00256928
1465962
- 0
- 0
- 0
(40898)
(40898)
(39988)
(33316)
- 0
- 0
02421
CORAL COMMUNITY CHARTER SCHOOL
5518744
00152257
868737
- 0
- 0
- 0
(24237)
(24237)
(23697)
(19743)
- 0
- 0
02425
MISSION ACHIEVEMENT AND SUCCESS CHARTER SCHOOL
15952839
00440124
2511229
- 0
- 0
- 0
(70060)
(70060)
(68501)
(57071)
- 0
- 0
02430
Health Leadership Community School
9697716
00267551
1526574
- 0
- 0
- 0
(42589)
(42589)
(41642)
(34693)
- 0
- 0
03004
ARTESIA PUBLIC SCHOOLS
249203786
06875298
39228600
- 0
- 0
- 0
(1094421)
(1094421)
(1070073)
(891515)
- 0
- 0
03005
CARLSBAD MUNICIPAL SCHOOLS
457710863
12627812
72050896
- 0
- 0
- 0
(2010116)
(2010116)
(1965395)
(1637440)
- 0
- 0
03006
LOVING MUNICIPAL SCHOOLS
45366532
01251620
7141407
- 0
- 0
- 0
(199235)
(199235)
(194802)
(162297)
- 0
- 0
03321
JEFFERSON MONTESSORI ACADEMY
14230129
00392596
2240047
- 0
- 0
- 0
(62494)
(62494)
(61104)
(50908)
- 0
- 0
04008
DEXTER CONSOLIDATED SCHOOLS
74126962
02045093
11668750
- 0
- 0
- 0
(325541)
(325541)
(318299)
(265186)
- 0
- 0
04009
HAGERMAN MUNICIPAL SCHOOLS
35432505
00977549
5577631
- 0
- 0
- 0
(155608)
(155608)
(152146)
(126758)
- 0
- 0
04010
LAKE ARTHUR MUNICIPAL SCHOOLS
13637822
00376255
2146810
- 0
- 0
- 0
(59893)
(59893)
(58560)
(48789)
- 0
- 0
04011
ROSWELL INDEPENDENT SCHOOLS
615946152
16993374
96959618
- 0
- 0
- 0
(2705034)
(2705034)
(2644852)
(2203520)
- 0
- 0
04097
NEW MEXICO MILITARY INSTITUTE
168542271
04649923
26531209
- 0
- 0
- 0
(740182)
(740182)
(723715)
(602952)
- 0
- 0
04317
SIDNEY GUTIERREZ MIDDLE SCHOOL
4080477
00112577
642334
- 0
- 0
- 0
(17920)
(17920)
(17522)
(14598)
- 0
- 0
05011
CLOVIS COMMUNITY COLLEGE
91114505
02513763
14342855
- 0
- 0
- 0
(400145)
(400145)
(391243)
(325958)
- 0
- 0
05012
CLOVIS MUNICIPAL SCHOOLS
529906737
14619628
83415662
- 0
- 0
- 0
(2327177)
(2327177)
(2275402)
(1895717)
- 0
- 0
05013
GRADY MUNICIPAL SCHOOLS
13422095
00370303
2112849
- 0
- 0
- 0
(58945)
(58945)
(57634)
(48017)
- 0
- 0
05014
MELROSE SCHOOLS
20092869
00554343
3162932
- 0
- 0
- 0
(88241)
(88241)
(86278)
(71881)
- 0
- 0
05015
TEXICO MUNICIPAL SCHOOLS
46844881
01292406
7374121
- 0
- 0
- 0
(205727)
(205727)
(201150)
(167585)
- 0
- 0
05016
REGIONAL EDUCATIONAL CENTER 6
8833229
00243700
1390487
- 0
- 0
- 0
(38793)
(38793)
(37930)
(31600)
- 0
- 0
06016
EUNICE PUBLIC SCHOOLS
47356967
01306534
7454731
- 0
- 0
- 0
(207976)
(207976)
(203349)
(169417)
- 0
- 0
06017
HOBBS MUNICIPAL SCHOOLS
528484026
14580377
83191706
- 0
- 0
- 0
(2320929)
(2320929)
(2269293)
(1890628)
- 0
- 0
06018
JAL PUBLIC SCHOOLS
34332805
00947210
5404525
- 0
- 0
- 0
(150778)
(150778)
(147424)
(122824)
- 0
- 0
06019
LOVINGTON MUNICIPAL SCHOOLS
228661774
06308563
35994962
- 0
- 0
- 0
(1004208)
(1004208)
(981866)
(818027)
- 0
- 0
06020
TATUM MUNICIPAL SCHOOLS
32371140
00893089
5095725
- 0
- 0
- 0
(142163)
(142163)
(139001)
(115806)
- 0
- 0
06124
NEW MEXICO JUNIOR COLLEGE
143512547
03959376
22591134
- 0
- 0
- 0
(630260)
(630260)
(616238)
(513410)
- 0
- 0
06150
REGIONAL EDUCATIONAL COOP 7
2672852
00073741
420746
- 0
- 0
- 0
(11738)
(11738)
(11477)
(9562)
- 0
- 0
07021
GADSDEN INDEPENDENT SCHOOLS
954445594
26332255
150244759
- 0
- 0
- 0
(4191612)
(4191612)
(4098357)
(3414486)
- 0
- 0
07022
HATCH VALLEY PUBLIC SCHOOLS
101411144
02797838
15963710
- 0
- 0
- 0
(445365)
(445365)
(435456)
(362794)
- 0
- 0
07023
LAS CRUCES PUBLIC SCHOOLS
1700239556
46908008
267644467
- 0
- 0
- 0
(7466895)
(7466895)
(7300771)
(6082530)
- 0
- 0
07098
NEW MEXICO STATE UNIVERSITY
2740590573
75610313
431412093
- 0
- 0
- 0
(12035775)
(12035775)
(11768003)
(9804339)
- 0
- 0
07335
ALMA DARTE CHARTER HIGH SCHOOL
14804322
00408437
2330432
- 0
- 0
- 0
(65016)
(65016)
(63569)
(52962)
- 0
- 0
07337
LA ACADEMIA DOLORES HUERTA
9581137
00264335
1508224
- 0
- 0
- 0
(42077)
(42077)
(41141)
(34276)
- 0
- 0
07338
LAS MONTANAS CHARTER HIGH SCHOOL
14737236
00406586
2319870
- 0
- 0
- 0
(64721)
(64721)
(63281)
(52722)
- 0
- 0
07339
ANTHONY CHARTER SCHOOL
5217470
00143945
821311
- 0
- 0
- 0
(22913)
(22913)
(22404)
(18665)
- 0
- 0
07420
J PAUL TAYLOR ACADEMY
10921121
00301303
1719154
- 0
- 0
- 0
(47962)
(47962)
(46895)
(39070)
- 0
- 0
07421
NEW AMERICA SCHOOL-LAS CRUCES
12850101
00354522
2022807
- 0
- 0
- 0
(56433)
(56433)
(55178)
(45971)
- 0
- 0
08024
COBRE CONSOLIDATED SCHOOLS
107900060
02976861
16985168
- 0
- 0
- 0
(473862)
(473862)
(463319)
(386008)
- 0
- 0
08026
SILVER CONSOLIDATED SCHOOLS
223923812
06177847
35249132
- 0
- 0
- 0
(983400)
(983400)
(961521)
(801077)
- 0
- 0
08099
WESTERN NEW MEXICO UNIVERSITY
228493287
06303915
35968442
- 0
- 0
- 0
(1003468)
(1003468)
(981142)
(817424)
- 0
- 0
08347
ALDO LEOPOLD HIGH SCHOOL
11975600
00330396
1885151
- 0
- 0
- 0
(52593)
(52593)
(51423)
(42842)
- 0
- 0
09027
CIMARRON MUNICIPAL SCHOOLS
33888261
00934945
5334544
- 0
- 0
- 0
(148826)
(148826)
(145515)
(121234)
- 0
- 0
09028
MAXWELL MUNICIPAL SCHOOLS
15196104
00419246
2392105
- 0
- 0
- 0
(66736)
(66736)
(65252)
(54363)
- 0
- 0
09029
RATON PUBLIC SCHOOLS
80720720
02227009
12706714
- 0
- 0
- 0
(354499)
(354499)
(346612)
(288775)
- 0
- 0
09030
SPRINGER MUNICIPAL SCHOOLS
19298679
00532432
3037914
- 0
- 0
- 0
(84753)
(84753)
(82868)
(69040)
- 0
- 0
09150
HIGH PLAINS REGIONAL EDUCATIONAL COOP 3
12699970
00350380
1999174
- 0
- 0
- 0
(55774)
(55774)
(54533)
(45434)
- 0
- 0
09324
MORENO VALLEY HIGH SCHOOL
7446232
00205435
1172157
- 0
- 0
- 0
(32701)
(32701)
(31974)
(26639)
- 0
- 0
10032
SAN JON SCHOOLS
14631539
00403670
2303232
- 0
- 0
- 0
(64257)
(64257)
(62827)
(52344)
- 0
- 0
10033
TUCUMCARI PUBLIC SCHOOLS
74492978
02055191
11726367
- 0
- 0
- 0
(327149)
(327149)
(319870)
(266495)
- 0
- 0
10119
HOUSE MUNICIPAL SCHOOLS
14003541
00386345
2204381
- 0
- 0
- 0
(61499)
(61499)
(60131)
(50097)
- 0
- 0
10120
LOGAN MUNICIPAL SCHOOLS
25199979
00695244
3966875
- 0
- 0
- 0
(110670)
(110670)
(108208)
(90152)
- 0
- 0
10141
MESALANDS COMMUNITY COLLEGE
35425739
00977363
5576570
- 0
- 0
- 0
(155578)
(155578)
(152117)
(126734)
- 0
- 0
11034
ELIDA MUNICIPAL SCHOOLS
14152846
00390464
2227882
- 0
- 0
- 0
(62155)
(62155)
(60772)
(50631)
- 0
- 0
11035
PORTALES MUNICIPAL SCHOOLS
202486725
05586418
31874597
- 0
- 0
- 0
(889255)
(889255)
(869471)
(724387)
- 0
- 0
11101
EASTERN NEW MEXICO UNIVERSITY - PORTALES
321726936
08876143
50644883
- 0
- 0
- 0
(1412919)
(1412919)
(1381485)
(1150964)
- 0
- 0
11102
EASTERN NM UNIVERSITY - ROSWELL
132681232
03660550
20886113
- 0
- 0
- 0
(582692)
(582692)
(569729)
(474661)
- 0
- 0
11117
DORA CONSOLIDATED SCHOOLS
23215804
00640502
3654532
- 0
- 0
- 0
(101956)
(101956)
(99688)
(83053)
- 0
- 0
11118
FLOYD MUNICIPAL SCHOOLS
22040516
00608077
3469524
- 0
- 0
- 0
(96795)
(96795)
(94641)
(78849)
- 0
- 0
12037
LAS VEGAS CITY SCHOOLS
125424467
03460343
19743786
- 0
- 0
- 0
(550823)
(550823)
(538568)
(448700)
- 0
- 0
12038
WEST LAS VEGAS SCHOOLS
135571770
03740297
21341128
- 0
- 0
- 0
(595387)
(595387)
(582141)
(485002)
- 0
- 0
12039
PECOS INDEPENDENT SCHOOLS
57989889
01599886
9128519
- 0
- 0
- 0
(254673)
(254673)
(249007)
(207456)
- 0
- 0
12102
NEW MEXICO HIGHLANDS UNIVERSITY
293679047
08102328
46229703
- 0
- 0
- 0
(1289742)
(1289742)
(1261048)
(1050624)
- 0
- 0
12128
LUNA COMMUNITY COLLEGE
77802974
02146511
12247414
- 0
- 0
- 0
(341685)
(341685)
(334083)
(278337)
- 0
- 0
12150
PECOS VALLEY REC 8
6405772
00176729
1008368
- 0
- 0
- 0
(28132)
(28132)
(27506)
(22916)
- 0
- 0
12151
NORTHEAST REGIONAL EDUCATION COOP
7566786
00208760
1191128
- 0
- 0
- 0
(33231)
(33231)
(32491)
(27070)
- 0
- 0
13041
GALLUP MCKINLEY COUNTY SCHOOLS
874308315
24121343
137629890
- 0
- 0
- 0
(3839676)
(3839676)
(3754250)
(3127799)
- 0
- 0
13142
ZUNI PUBLIC SCHOOLS
130100988
03589364
20479945
- 0
- 0
- 0
(571361)
(571361)
(558649)
(465430)
- 0
- 0
13369
MIDDLE COLLEGE HIGH SCHOOL
5022305
00138561
790592
- 0
- 0
- 0
(22056)
(22056)
(21566)
(17967)
- 0
- 0
13430
UPLIFT COMMUNITY SCHOOL
8929543
00246358
1405652
- 0
- 0
- 0
(39216)
(39216)
(38343)
(31945)
- 0
- 0
14043
BELEN CONSOLIDATED SCHOOLS
282020844
07780689
44394517
- 0
- 0
- 0
(1238543)
(1238543)
(1210988)
(1008917)
- 0
- 0
14044
GRANTS-CIBOLA COUNTY SCHOOLS
270364497
07459102
42559628
- 0
- 0
- 0
(1187352)
(1187352)
(1160936)
(967217)
- 0
- 0
14045
LOS LUNAS SCHOOLS
516619864
14253055
81324095
- 0
- 0
- 0
(2268825)
(2268825)
(2218348)
(1848184)
- 0
- 0
14366
SCHOOL OF DREAMS ACADEMY
16804216
00463612
2645245
- 0
- 0
- 0
(73799)
(73799)
(72157)
(60116)
- 0
- 0
15046
ALAMOGORDO PUBLIC SCHOOLS
369877443
10204570
58224529
- 0
- 0
- 0
(1624380)
(1624380)
(1588241)
(1323220)
- 0
- 0
15047
CLOUDCROFT MUNICIPAL SCHOOLS
30771554
00848958
4843926
- 0
- 0
- 0
(135139)
(135139)
(132132)
(110084)
- 0
- 0
15049
TULAROSA MUNICIPAL SCHOOLS
68396924
01887007
10766754
- 0
- 0
- 0
(300377)
(300377)
(293694)
(244687)
- 0
- 0
15104
NEW MEXICO SCHOOL FT BLIND amp VISUALLY IMPAIRED
79976142
02206466
12589501
- 0
- 0
- 0
(351229)
(351229)
(343415)
(286111)
- 0
- 0
16050
AZTEC MUNICIPAL SCHOOLS
187894163
05183823
29577499
- 0
- 0
- 0
(825170)
(825170)
(806811)
(672183)
- 0
- 0
16051
BLOOMFIELD SCHOOLS
209183372
05771172
32928754
- 0
- 0
- 0
(918665)
(918665)
(898226)
(748344)
- 0
- 0
16052
FARMINGTON MUNICIPAL SCHOOLS
709808631
19582952
111735053
- 0
- 0
- 0
(3117247)
(3117247)
(3047894)
(2539308)
- 0
- 0
16053
CENTRAL CONSOLIDATED SCHOOLS
497242938
13718464
78273863
- 0
- 0
- 0
(2183728)
(2183728)
(2135144)
(1778864)
- 0
- 0
16155
SAN JUAN COLLEGE
372723272
10283084
58672509
- 0
- 0
- 0
(1636878)
(1636878)
(1600461)
(1333401)
- 0
- 0
16356
MOSAIC ACADEMY CHARTER
10488019
00289355
1650982
- 0
- 0
- 0
(46060)
(46060)
(45035)
(37520)
- 0
- 0
16357
CARINOS CHARTER SCHOOL
17209176
00474785
2708995
- 0
- 0
- 0
(75577)
(75577)
(73896)
(61565)
- 0
- 0
16358
NEW MEXICO VIRTUAL ACADEMY
8945064
00246786
1408094
- 0
- 0
- 0
(39284)
(39284)
(38410)
(32001)
- 0
- 0
17054
ESPANOLA PUBLIC SCHOOLS
260245590
07179931
40966754
- 0
- 0
- 0
(1142913)
(1142913)
(1117486)
(931017)
- 0
- 0
17105
NORTHERN NEW MEXICO COLLEGE
128311258
03539987
20198213
- 0
- 0
- 0
(563501)
(563501)
(550964)
(459028)
- 0
- 0
17115
DULCE INDEPENDENT SCHOOLS
63542017
01753064
10002511
- 0
- 0
- 0
(279056)
(279056)
(272847)
(227319)
- 0
- 0
17126
CHAMA VALLEY SCHOOLS
41127543
01134670
6474122
- 0
- 0
- 0
(180619)
(180619)
(176600)
(147132)
- 0
- 0
17127
MESA VISTA CONSOLIDATED SCHOOLS
36319862
01002031
5717319
- 0
- 0
- 0
(159505)
(159505)
(155956)
(129933)
- 0
- 0
17334
LINDRITH AREA HERITAGE SCHOOL
1999722
00055170
314785
- 0
- 0
- 0
(8782)
(8782)
(8587)
(7154)
- 0
- 0
17424
MC CURDY CHARTER SCHOOL
26341385
00726734
4146549
- 0
- 0
- 0
(115683)
(115683)
(113109)
(94235)
- 0
- 0
17425
LA TIERRA MONTESSORI SCHOOL
3636882
00100338
572502
- 0
- 0
- 0
(15972)
(15972)
(15617)
(13011)
- 0
- 0
18056
CLAYTON MUNICIPAL SCHOOLS
41375879
01141522
6513217
- 0
- 0
- 0
(181709)
(181709)
(177667)
(148020)
- 0
- 0
18057
DES MOINES MUNICIPAL SCHOOLS
12824909
00353827
2018842
- 0
- 0
- 0
(56323)
(56323)
(55070)
(45881)
- 0
- 0
19059
DEMING PUBLIC SCHOOLS
358423873
09888577
56421558
- 0
- 0
- 0
(1574080)
(1574080)
(1539060)
(1282245)
- 0
- 0
19301
DEMING CESAR CHAVEZ CHARTER HIGH SCHOOL
10654211
00293940
1677143
- 0
- 0
- 0
(46790)
(46790)
(45749)
(38115)
- 0
- 0
20060
PENASCO INDEPENDENT SCHOOLS
43124424
01189762
6788462
- 0
- 0
- 0
(189388)
(189388)
(185175)
(154276)
- 0
- 0
20062
TAOS MUNICIPAL SCHOOLS
185250055
05110875
29161277
- 0
- 0
- 0
(813558)
(813558)
(795458)
(662724)
- 0
- 0
20125
QUESTA INDEPENDENT SCHOOLS
53837543
01485327
8474876
- 0
- 0
- 0
(236437)
(236437)
(231177)
(192601)
- 0
- 0
20265
TAOS ACADEMY CHARTER SCHOOL
11325900
00312471
1782875
- 0
- 0
- 0
(49740)
(49740)
(48633)
(40518)
- 0
- 0
20266
La Jicarita Community School
2194276
00060538
345414
- 0
- 0
- 0
(9637)
(9637)
(9422)
(7850)
- 0
- 0
20307
TAOS CHARTER SCHOOL
10997820
00303419
1731227
- 0
- 0
- 0
(48299)
(48299)
(47224)
(39344)
- 0
- 0
20312
RED RIVER VALLEY CHARTER SCHOOLS
4685520
00129269
737574
- 0
- 0
- 0
(20577)
(20577)
(20119)
(16762)
- 0
- 0
20316
ANANSI CHARTER SCHOOL
8137027
00224493
1280897
- 0
- 0
- 0
(35735)
(35735)
(34940)
(29110)
- 0
- 0
20317
VISTA GRANDE HIGH SCHOOL
6300504
00173825
991799
- 0
- 0
- 0
(27670)
(27670)
(27054)
(22540)
- 0
- 0
20415
TAOS INTEGRATED SCHOOL OF THE ARTS
6209169
00171305
977420
- 0
- 0
- 0
(27269)
(27269)
(26662)
(22213)
- 0
- 0
21063
TRUTH OR CONSEQUENCES MUNICIPAL SCHOOLS
108041191
02980755
17007386
- 0
- 0
- 0
(474482)
(474482)
(463925)
(386513)
- 0
- 0
21150
SOUTHWEST REGIONAL ED COOPERATIVE 10
13050923
00360063
2054423
- 0
- 0
- 0
(57315)
(57315)
(56040)
(46689)
- 0
- 0
22065
ESTANCIA MUNICPAL SCHOOLS
61525804
01697439
9685130
- 0
- 0
- 0
(270201)
(270201)
(264190)
(220106)
- 0
- 0
22066
MORIARTY-EDGEWOOD SCHOOL DISTRICT
195971575
05406671
30849009
- 0
- 0
- 0
(860643)
(860643)
(841495)
(701079)
- 0
- 0
22067
MOUNTAINAIR PUBLIC SCHOOLS
25324156
00698670
3986423
- 0
- 0
- 0
(111215)
(111215)
(108741)
(90596)
- 0
- 0
22201
ESTANCIA VALLEY CLASSICAL ACADEMY
17772159
00490317
2797617
- 0
- 0
- 0
(78049)
(78049)
(76313)
(63579)
- 0
- 0
23070
LORDSBURG MUNICIPAL SCHOOLS
51096743
01409711
8043431
- 0
- 0
- 0
(224400)
(224400)
(219408)
(182796)
- 0
- 0
23121
ANIMAS PUBLIC SCHOOLS
19292757
00532269
3036984
- 0
- 0
- 0
(84727)
(84727)
(82842)
(69019)
- 0
- 0
24072
SANTA ROSA CONSOLIDATED SCHOOLS
56809634
01567324
8942729
- 0
- 0
- 0
(249489)
(249489)
(243939)
(203234)
- 0
- 0
24073
VAUGHN MUNICIPAL SCHOOLS
12288412
00339026
1934391
- 0
- 0
- 0
(53967)
(53967)
(52766)
(43961)
- 0
- 0
25075
MAGDELENA MUNICIPAL SCHOOLS
39388022
01086678
6200292
- 0
- 0
- 0
(172979)
(172979)
(169131)
(140909)
- 0
- 0
25076
SOCORRO CONSOLIDATED SCHOOLS
119743612
03303613
18849526
- 0
- 0
- 0
(525875)
(525875)
(514175)
(428377)
- 0
- 0
25106
NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY
472350274
13031699
74355367
- 0
- 0
- 0
(2074408)
(2074408)
(2028256)
(1689812)
- 0
- 0
25319
COTTONWOOD VALLEY CHARTER SCHOOLS
11134970
00307203
1752818
- 0
- 0
- 0
(48901)
(48901)
(47813)
(39835)
- 0
- 0
26077
CAPITAN MUNICIPAL SCHOOLS
35934847
00991409
5656713
- 0
- 0
- 0
(157814)
(157814)
(154303)
(128555)
- 0
- 0
26078
CARRIZOZO MUNICIPAL SCHOOLS
15641987
00431548
2462297
- 0
- 0
- 0
(68695)
(68695)
(67166)
(55959)
- 0
- 0
26079
CORONA PUBLIC SCHOOLS
13583697
00374761
2138285
- 0
- 0
- 0
(59655)
(59655)
(58328)
(48595)
- 0
- 0
26080
HONDO VALLEY PUBLIC SCHOOLS
16942484
00467427
2667013
- 0
- 0
- 0
(74406)
(74406)
(72750)
(60611)
- 0
- 0
26081
RUIDOSO MUNICIPAL SCHOOL DISTRICT
125672227
03467178
19782784
- 0
- 0
- 0
(551911)
(551911)
(539632)
(449587)
- 0
- 0
26150
REGION IX EDUCATIONAL COOPERATIVE
31729042
00875374
4994648
- 0
- 0
- 0
(139343)
(139343)
(136243)
(113509)
- 0
- 0
27083
FORT SUMNER MUNICIPAL SCHOOLS
30489477
00841176
4799524
- 0
- 0
- 0
(133900)
(133900)
(130921)
(109075)
- 0
- 0
28084
QUEMADO INDEPENDENT SCHOOLS
17595257
00485437
2769773
- 0
- 0
- 0
(77273)
(77273)
(75554)
(62946)
- 0
- 0
28085
RESERVE INDEPENDENT SCHOOLS
18999938
00524190
2990887
- 0
- 0
- 0
(83441)
(83441)
(81585)
(67971)
- 0
- 0
29086
BERNALILLO PUBLIC SCHOOLS
256481726
07076089
40374259
- 0
- 0
- 0
(1126384)
(1126384)
(1101324)
(917552)
- 0
- 0
29087
CUBA INDEPENDENT SCHOOLS
56653909
01563028
8918217
- 0
- 0
- 0
(248805)
(248805)
(243270)
(202677)
- 0
- 0
29088
JEMEZ VALLEY PUBLIC SCHOOLS
30896483
00852405
4863593
- 0
- 0
- 0
(135687)
(135687)
(132668)
(110531)
- 0
- 0
29122
JEMEZ MOUNTAIN SCHOOL DISTRICT
31276427
00862887
4923401
- 0
- 0
- 0
(137356)
(137356)
(134300)
(111890)
- 0
- 0
29123
RIO RANCHO PUBLIC SCHOOLS
1067726236
29457561
168076913
- 0
- 0
- 0
(4689104)
(4689104)
(4584780)
(3819742)
- 0
- 0
29150
NORTHWEST REGIONAL EDUCATION 2
4890736
00134931
769880
- 0
- 0
- 0
(21479)
(21479)
(21001)
(17496)
- 0
- 0
29305
SAN DIEGO RIVERSIDE CHARTER SCHOOL
6815857
00188043
1072923
- 0
- 0
- 0
(29933)
(29933)
(29267)
(24383)
- 0
- 0
29330
WALATOWA CHARTER HIGH SCHOOL
6020020
00166087
947648
- 0
- 0
- 0
(26438)
(26438)
(25850)
(21536)
- 0
- 0
29408
THE ASK ACADEMY
13515142
00372870
2127496
- 0
- 0
- 0
(59354)
(59354)
(58034)
(48350)
- 0
- 0
30089
MORA INDEPENDENT SCHOOLS
46556291
01284444
7328692
- 0
- 0
- 0
(204460)
(204460)
(199911)
(166553)
- 0
- 0
30090
WAGON MOUND PUBLIC SCHOOLS
15846572
00437192
2494500
- 0
- 0
- 0
(69593)
(69593)
(68045)
(56690)
- 0
- 0
31091
MOSQUERO MUNICIPAL SCHOOLS
8360043
00230646
1316004
- 0
- 0
- 0
(36715)
(36715)
(35898)
(29908)
- 0
- 0
31092
ROY MUNICIPAL SCHOOLS
9840797
00271498
1549095
- 0
- 0
- 0
(43218)
(43218)
(42256)
(35205)
- 0
- 0
32093
LOS ALAMOS PUBLIC SCHOOLS
313613561
08652303
49367712
- 0
- 0
- 0
(1377288)
(1377288)
(1346646)
(1121938)
- 0
- 0
36246253697
1000000000
5705730817
- 0
- 0
- 0
(159181664)
(159181664)
(155640186)
(129669335)
- 0
- 0
New Mexico Educational Retirement Board
Schedule of Collective Pension Amounts
As of and for the year ended June 30 2014
Net Pension Liability (775 Discount)
$ 5705730813
Net Pension Liability -- 100 Decrease (675 Discount)
$ 7763304829
Net Pension Liability -- 100 Increase (875 Discount)
$ 3987098791
Deferred Outflows of Resources
Differences Between Expected and Actual Experience
$ 0
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
0
Changes in Assumptions
0
Total Deferred Outflows of Resources Excluding Employer-Specific Amounts
$ 0
Deferred Inflows of Resources
Differences Between Expected and Actual Experience
$ 84995487
Net Difference Between Projected and Actual Investment Earnings on Plan Investments
518677364
Changes inf Assumptions
0
Total Deferred Inflows of Resources Excluding Employer-Specific Amounts
$ 603672851
Pension Plan Expense
$ 395014052
Employer specific amounts that are excluded from this schedule are the changes in proportion and differences between employer contributions and proportionate share of contributions as defined in paragraphs 54 and 55 of GASB Statement No 68 Accounting and Financial Reporting for Pensions
18
19
20
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Notes to Financial StatementsSummary of Significant Accounting Policies Basis of Accounting For purposes of
measuring the net pension liability deferred outflows of resources and deferred inflows of resources related to pensions and pension expense information about the fiduciary net position of the ERB and additions todeductions from ERBrsquos fiduciary net position have been determined on the same basis as they are reported by ERB Plan For this purpose benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms Investments are reported at fair value
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense At June 30 2015 the University of ABC (UABC) reported a liability of $14910 for its proportionate share of the net pension liability The net pension liability was measured as of June 30 2015 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as June 30 2014 UABCrsquos proportion of the net pension liability was based on UABCrsquos contributions to ERB for the year ending June 30 2015 relative to the total contribution for all employers participating in ERB a projection of the long-term share of contributions to the pension plan relative to projected contributions of all participating school districts actuarially determined At June 30 2015 UABCrsquos proportion was XX percent which was an increase of XX percent from its proportion measured as of June 30 2014
Sample Employer GASB 68 Disclosures
21
Sample Employer GASB 68 Disclosureshellipcont
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense (Cont)For the year ended June 30 2015 UABC recognized pension expense of $2394 At June 30 2015 reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources
Payable to the Pension Plan At June 30 2015 UABC reported a payable of $5432 for the outstanding contributions to the pension plan required for the year ended June 30 2015
Deferred Outflowsof Resources
Deferred Inflowsof Resources
Differences between expected and actual experience $ 2657 $ 142
Changes of assumptions 1714 130
Net difference between projected and actual earnings on pension plan investments
- 2194
Changes in proportion and differences between UABC contributions and proportionate share of contributions
753 156
UABC contributions subsequent to the measurement date 1065 -
Total $ 6189 $ 2622
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Questions
22
Appendix A page 1ERB Actuarials at a Glance
23
Fiscal Year 63012 63013 63014 63014GASB 67
UAAL $62B $65B $63B $57B
Funded Ratio 607 601 631 669
Funding Period Infinite 951 years 421 years Not applicable
Funding Policy
Contribution1759 1747 1632 Not applicable
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
19
20
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Notes to Financial StatementsSummary of Significant Accounting Policies Basis of Accounting For purposes of
measuring the net pension liability deferred outflows of resources and deferred inflows of resources related to pensions and pension expense information about the fiduciary net position of the ERB and additions todeductions from ERBrsquos fiduciary net position have been determined on the same basis as they are reported by ERB Plan For this purpose benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms Investments are reported at fair value
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense At June 30 2015 the University of ABC (UABC) reported a liability of $14910 for its proportionate share of the net pension liability The net pension liability was measured as of June 30 2015 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as June 30 2014 UABCrsquos proportion of the net pension liability was based on UABCrsquos contributions to ERB for the year ending June 30 2015 relative to the total contribution for all employers participating in ERB a projection of the long-term share of contributions to the pension plan relative to projected contributions of all participating school districts actuarially determined At June 30 2015 UABCrsquos proportion was XX percent which was an increase of XX percent from its proportion measured as of June 30 2014
Sample Employer GASB 68 Disclosures
21
Sample Employer GASB 68 Disclosureshellipcont
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense (Cont)For the year ended June 30 2015 UABC recognized pension expense of $2394 At June 30 2015 reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources
Payable to the Pension Plan At June 30 2015 UABC reported a payable of $5432 for the outstanding contributions to the pension plan required for the year ended June 30 2015
Deferred Outflowsof Resources
Deferred Inflowsof Resources
Differences between expected and actual experience $ 2657 $ 142
Changes of assumptions 1714 130
Net difference between projected and actual earnings on pension plan investments
- 2194
Changes in proportion and differences between UABC contributions and proportionate share of contributions
753 156
UABC contributions subsequent to the measurement date 1065 -
Total $ 6189 $ 2622
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Questions
22
Appendix A page 1ERB Actuarials at a Glance
23
Fiscal Year 63012 63013 63014 63014GASB 67
UAAL $62B $65B $63B $57B
Funded Ratio 607 601 631 669
Funding Period Infinite 951 years 421 years Not applicable
Funding Policy
Contribution1759 1747 1632 Not applicable
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
20
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Notes to Financial StatementsSummary of Significant Accounting Policies Basis of Accounting For purposes of
measuring the net pension liability deferred outflows of resources and deferred inflows of resources related to pensions and pension expense information about the fiduciary net position of the ERB and additions todeductions from ERBrsquos fiduciary net position have been determined on the same basis as they are reported by ERB Plan For this purpose benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms Investments are reported at fair value
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense At June 30 2015 the University of ABC (UABC) reported a liability of $14910 for its proportionate share of the net pension liability The net pension liability was measured as of June 30 2015 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as June 30 2014 UABCrsquos proportion of the net pension liability was based on UABCrsquos contributions to ERB for the year ending June 30 2015 relative to the total contribution for all employers participating in ERB a projection of the long-term share of contributions to the pension plan relative to projected contributions of all participating school districts actuarially determined At June 30 2015 UABCrsquos proportion was XX percent which was an increase of XX percent from its proportion measured as of June 30 2014
Sample Employer GASB 68 Disclosures
21
Sample Employer GASB 68 Disclosureshellipcont
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense (Cont)For the year ended June 30 2015 UABC recognized pension expense of $2394 At June 30 2015 reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources
Payable to the Pension Plan At June 30 2015 UABC reported a payable of $5432 for the outstanding contributions to the pension plan required for the year ended June 30 2015
Deferred Outflowsof Resources
Deferred Inflowsof Resources
Differences between expected and actual experience $ 2657 $ 142
Changes of assumptions 1714 130
Net difference between projected and actual earnings on pension plan investments
- 2194
Changes in proportion and differences between UABC contributions and proportionate share of contributions
753 156
UABC contributions subsequent to the measurement date 1065 -
Total $ 6189 $ 2622
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Questions
22
Appendix A page 1ERB Actuarials at a Glance
23
Fiscal Year 63012 63013 63014 63014GASB 67
UAAL $62B $65B $63B $57B
Funded Ratio 607 601 631 669
Funding Period Infinite 951 years 421 years Not applicable
Funding Policy
Contribution1759 1747 1632 Not applicable
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
21
Sample Employer GASB 68 Disclosureshellipcont
Pension Liabilities Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions and Pension Expense (Cont)For the year ended June 30 2015 UABC recognized pension expense of $2394 At June 30 2015 reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources
Payable to the Pension Plan At June 30 2015 UABC reported a payable of $5432 for the outstanding contributions to the pension plan required for the year ended June 30 2015
Deferred Outflowsof Resources
Deferred Inflowsof Resources
Differences between expected and actual experience $ 2657 $ 142
Changes of assumptions 1714 130
Net difference between projected and actual earnings on pension plan investments
- 2194
Changes in proportion and differences between UABC contributions and proportionate share of contributions
753 156
UABC contributions subsequent to the measurement date 1065 -
Total $ 6189 $ 2622
These illustrations include only commonly required Employer disclosures Employers should consult with their Independent Public Accountants for specific financial statement presentations
Questions
22
Appendix A page 1ERB Actuarials at a Glance
23
Fiscal Year 63012 63013 63014 63014GASB 67
UAAL $62B $65B $63B $57B
Funded Ratio 607 601 631 669
Funding Period Infinite 951 years 421 years Not applicable
Funding Policy
Contribution1759 1747 1632 Not applicable
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
Questions
22
Appendix A page 1ERB Actuarials at a Glance
23
Fiscal Year 63012 63013 63014 63014GASB 67
UAAL $62B $65B $63B $57B
Funded Ratio 607 601 631 669
Funding Period Infinite 951 years 421 years Not applicable
Funding Policy
Contribution1759 1747 1632 Not applicable
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
Appendix A page 1ERB Actuarials at a Glance
23
Fiscal Year 63012 63013 63014 63014GASB 67
UAAL $62B $65B $63B $57B
Funded Ratio 607 601 631 669
Funding Period Infinite 951 years 421 years Not applicable
Funding Policy
Contribution1759 1747 1632 Not applicable
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
Appendix A page 2Reasons for Growth in Unfunded Liability
bull Interest on the unfunded liability
bull Contributions less than the Annual Required Contributions
(ARC)
bull Earlier retirement higher than assumed
bull Longer life expectancy than assumed
bull Salary increases higher than assumed
bull Total payroll growth lower than assumed
bull Investment losses
24
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Multi-year multi-prong effort
Legislationbull 2005 SB181 increased memberemployer contributionsbull 2009 HB573 increased retirement eligibility requirementsbull 2013 SB115 increased member contribution reduced COLA until
100 fundedInvestmentsbull Continued diversification de-risking of portfoliobull Constantly seeking most cost efficient management structureGovernancebull Annual actuarial valuations and biennial experience studies
25
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
Appendix A page 4When Will the UAAL be Gone
26
05
06
07
08
09
1
11
12
FUN
DIN
G R
ATIO
FISCAL YEAR
ERB Actuarial Funding Projections
FY14 Actuarial Report FY14 Experience Study
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
Appendix B page 1ERB Highlights as of June 30 2014
Active ERB Members 61173Retirees and Beneficiaries 42246Retiree Payroll $868291384Member Contributions $271513574Employer Contributions $362462537Member Contribution Refunds $38923083Active Member Payroll $2538882656Participating Employers 230ERB Net Assets $113 billionAverage Benefit $23554Average Age at Retirement 6157
27
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
Appendix B page 2ERB Employment by County
28
21830
71
1825
490
296
126357
96321216
950
131
1787
397
546
743
2010
117
1014
305
969
1005
3665
12562739
211
1040
673
568
96
130
1547
32
As of 63014 Active membership was 61173
2573
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
29
$2659873
$11343
$227634
$62139
$50520
$164526
$8703
$929134$206549
$146886
$22589
$150138
$87214
$58435
$54852
$129995
$34008
$171777
$34079
$187008
$106433
$322071
$189541$359206$398394
$36963
$122423
$128544
$43951
$20341
$17352
$247238
$6675
FY14 Payroll $859575335 NM Total $739593276 (County benefits in Thousands $)
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County
Appendix B page 4ERB Retirees by County
Appendix B page 4ERB Retirees by County
30
11545
65
1112
331
247
75351
4046849
648
117
680
393
300
281
661
180
889
195
1000
498
1514
99216772040
196
555
657
247
104
92
1324
27
As of 63014 Retiree membership was 42246 of those 34266 members reside in New Mexico
GASB 68 Accounting DisclosuresBriefing for the Investments and Pensions Oversight CommitteeSenator George Munoz ChairRepresentative Monica Youngblood Vice-ChairAugust 18 2015
Whatrsquos the difference between GASB Statements 67 and 68
Bottom Line How Will GASB 68 Affect Issuers
What Does GASB 68 Do
What Does GASB 68 Do Continued
What does GASB 68 not do
Why Does GASB Mandate this Change
Glossary
Glossary continued
Current and GASB 68 Reporting
Slide Number 11
Slide Number 12
Slide Number 13
How Will Each Districtrsquos Allocation be Calculated
How ERB Will Help Employers with GASB 68 Disclosures
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Questions
Appendix A page 1ERB Actuarials at a Glance
Appendix A page 2Reasons for Growth in Unfunded Liability
Appendix A page 3ERBrsquos Actions to Reduce its UAAL
Appendix A page 4When Will the UAAL be Gone
Appendix B page 1ERB Highlights as of June 30 2014
Appendix B page 2ERB Employment by County
Appendix B page 3Fiscal Year 2014 Retiree Benefits by County