Page 60 - BAA CAFR 2017

BIRMINGHAM AIRPORT AUTHORITY
NOTES TO THE FINANCIAL STATEMENTS

NOTE 10 PENSION PLAN (CONTINUED)

Amounts reported as deferred outflows of resources and deferred inflows of
resources related to pensions will be recognized in pension expense as follows:

Year Ended Recognition of deferred outflows/(inflows)
September 30, 2018 $1,611,147
September 30, 2019 $1,611,147
September 30, 2020 $1,433,996
September 30, 2021 $415,846
September 30, 2022 ($1,818,913)
Thereafter -

Schedules of Changes in City of Birmingham Airport Authority's Proportional
Share of Net Pension Liability--Last Two Fiscal Years*

2017 2016
Proportional share percentage 3.28% 3.26%

Net pension liability $23,193,736 $33,918,973
Estimated covered-employee payroll 6,574,489 6,451,721

Net pension liability as percentage of
covered-employee payroll 352.78% 525.74%

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