Page 134 - CityofSouthlakeFY25AdoptedBudget

TMRS Funded Ratio & Amortization Period

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City Profile
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Southlake Desired
Range per Policy
As of December 31, 2023

This chart reflects the funded ratio and the amortization period for the City of Southlake and its benchmark
cities with Texas Municipal Retirement System (TMRS). The funded ratio is the ratio of the actuarial value of
assets to the actuarial accrued liability. Ratios above 80% are considered to be positive. The amortization
period is the period over which the existing unfunded actuarial accrued liability is projected to be paid off.
As you can see, Southlake currently has the longest amortization period, compared to its benchmark cities.
The City is actively working to raise the funded ratio and lower the amortization period by exceeding the
annual contribution requirement

Amortization Amortization
City Funded Ratio City Funded Ratio
Period (Years) Period (Years)
Allen 87.5% 19.7 Grapevine 86.9% 15.1
Arlington 97.7% 19.3 Hurst 92.1% 12.5
Bedford 64.3% 17.2 Keller 87.4% 17.2
Carrollton 96.1% 11.5 McKinney 86.9% 19.7
Colleyville 96.2% 18.0 North Richland Hills 90.4% 15.4
Coppell 88.2% 17.4 Plano 91.2% 13.1
Euless 92.6% 11.5 Richardson 92.2% 11.3
Farmers Branch 90.1% 14.4 University Park 98.1% 4.5
Flower Mound 89.2% 19.2 Southlake 90.5% 20.0
Frisco 88.6% 19.8

134 FY 2025 City of Southlake | Budget Book