1. Public Employees Retirement Association of Minnesota GASB 68 Implementation September 24, 2015 Presented by: Dave DeJonge, PERA Interim Executive Director, and Jim Riebe, PERA Principal Accounting Officer 2015 MNGFOA Annual Conference Alexandria, Minnesota 1

2. Public Employees Retirement Association of Minnesota Session Objectives At the completion of this session, participants will: Know where to find and how to use the GASB 68 information PERA has prepared for employers. Be able to prepare: Journal entries to incorporate pension amounts into government- wide financial statements; Extensive employer pension footnote disclosures; and Two required supplementary information pension schedules. Understand: Requirements for fire relief associations and the information PERA will provide for the Statewide Volunteer Firefighters Plan; How to account for pension amounts in proprietary funds; and Employer’s and employer auditor’s responsibilities for the pension information provided by PERA. 2

3. Public Employees Retirement Association of Minnesota GASB 68 Overview (1 of 2) Employers report their proportionate share of collective net pension liability, deferred inflows of resources and deferred outflows of resources, and pension expense on their government-wide financial statements GASB 67/68 pension amounts calculated by PERA’s actuary Pension expense calculated as change in net pension liability during the year, plus or minus amortization of deferred inflows and outflows Pension expense no longer based on contributions to the plan Employer’s proportionate share calculated by PERA based on employer’s contributions at the measurement date as a percentage of plan contributions from all employers 3

4. Public Employees Retirement Association of Minnesota GASB 68 Overview (2 of 2) Significantly more footnote disclosures Disclosures required for each plan PERA will provide suggested footnote templates Required supplementary information Ten-year Schedule of Employer’s Proportionate Share of the Net Pension Liability (prospectively applied) Ten-year Schedule of Employer Contributions (option to provide ten years of information at transition or to apply requirement prospectively) Municipalities affiliated with fire relief associations need to prepare a Ten-Year Schedule of Changes in the Net Pension Liability 4

5. Public Employees Retirement Association of Minnesota Financial Reporting Toolkit (1of 2) 5

6. Public Employees Retirement Association of Minnesota Financial Reporting Toolkit (2 of 2) 6

7. Public Employees Retirement Association of Minnesota GASB 67/68 Actuarial Information Gabriel, Roeder, Smith prepares two valuation reports for each plan GASB 67/68 compliant valuation Funding valuation Use GASB 67/68 report to verify collective pension amounts, NPL +/- 1% sensitivity analysis GASB 67/68 valuation includes a NPL reconciliation 7

8. Public Employees Retirement Association of Minnesota City of Brooklyn Center GASB 68 Implementation Case Study This case study is provided for illustration purposes only as if the city early- implemented GASB 68 for the year ended December 31, 2014. The GASB 68 information employers will use for their December 31, 2015, financial statements will not be available until February 2016. 8

9. Public Employees Retirement Association of Minnesota Schedule of Employer Allocations 9 Schedule of Employer Allocations (General Employees Retirement Fund) As of June 30, 2014 Employer Unit No.Employer NameContributionsAllocation % 0002-00AITKIN COUNTY$598,5400.1573% 0006-00ANOKA COUNTY$6,356,6101.6701% 0008-01BECKER COUNTY$814,6650.2140% 0010-00BELTRAMI COUNTY$932,2240.2449% 0012-00BENTON COUNTY REVENUE$672,2790.1766% 0014-00BIG STONE COUNTY$186,6340.0490% 0016-00BLUE EARTH COUNTY$1,333,6360.3504% 0018-00BROWN COUNTY$683,2270.1795% 0020-00CARLTON COUNTY$1,020,2410.2681% 0022-00CARVER COUNTY$2,114,1270.5555% 0022-09CARVER COUNTY HISTORICAL SOCIETY$9,9790.0026% 0024-00CASS COUNTY$849,6240.2232% 0026-00CHIPPEWA COUNTY$368,5180.0968% 0027-00CHIPPEWA COUNTY SWCD$9,9830.0026% 0028-00CHIPPEWA COUNTY HOSPITAL$980,1000.2575% 0030-00CHISAGO COUNTY$1,051,2660.2762% 3602-00CITY OF BROOKLYN CENTER$528,5550.1389% ………… Total Employer Contributions$380,612,334100.0000%

10. Public Employees Retirement Association of Minnesota 10 PERA Contributions Reconciliation Public Employees Retirement Association of Minnesota General Employees Retirement Plan Reconciliation of Employer Proportionate Share Contributions to Employer Financial Statement Contributions For the Year Ended June 30, 2014 YE 2013YE 2014Subtotal Total Employer Unit No.Employer Name Employer Contributions - Matching (6.25 or 6.5%) Employer Contribution - Additional (1%) Adjustment for Employer Accrual (Received in Current FY but Recognized in Prior FY) Adjustment for Employer Accrual (Received in Future FY but Recognized in Current FY) Employer Contributions Allocated for GASB 68 Employer Contributions NOT Allocated for GASB 68 (Omitted Deductions, Member Buybacks, Employer Portion Paid by Employee, Interest) Employer Contributions Amount Reported on CAFR 0002-00AITKIN COUNTY$535,331$85,649$22,440$598,540$0$598,540 0006-00ANOKA COUNTY$5,477,764$876,443$241,438$243,840$6,356,610$358$6,356,968 0008-01BECKER COUNTY$702,298$112,368$814,665$316$814,981 0010-00BELTRAMI COUNTY$803,641$128,583$932,224$0$932,224 0012-00BENTON COUNTY REVENUE$579,551$92,728$672,279$0$672,279 0014-00BIG STONE COUNTY$160,891$25,742$186,634$0$186,634 0016-00BLUE EARTH COUNTY$1,149,687$183,949$1,333,636$0$1,333,636 0018-00BROWN COUNTY$588,987$94,239$683,227$0$683,227 0020-00CARLTON COUNTY$911,429$146,045$37,233$1,020,241$21$1,020,262 0022-00CARVER COUNTY$1,822,526$291,601$2,114,127$471$2,114,598 0022-09CARVER COUNTY HISTORICAL SOCIETY$8,602$1,376$9,979$0$9,979 0024-00CASS COUNTY$732,436$117,188$849,624$0$849,624 0026-00CHIPPEWA COUNTY$316,500$50,640$14,070$15,447$368,518$0$368,518 0027-00CHIPPEWA COUNTY SWCD$8,903$1,424$344$9,983$0$9,983 0028-00CHIPPEWA COUNTY HOSPITAL$844,917$135,183$980,100$0$980,100 0030-00CHISAGO COUNTY$904,938$144,792$39,567$41,102$1,051,266$2,958$1,054,224 ……………………… 3602-00CITY OF BROOKLYN CENTER$473,269$75,723$20,437$528,555$111$528,666 ……………………… Total All Employers$329,397,171$52,701,183$9,163,798$8,522,223$381,456,778$794,328$382,251,106

11. Public Employees Retirement Association of Minnesota Schedule of Pension Amounts by Employer (1 of 2) 11 Public Employees Retirement Association General Employees Retirement Plan Schedule of Pension Amounts by Employer Fiscal Year Ended June 30, 2014 Deferred Outflow of Resources Employer Unit ID No.Employer Name Beginning Net Pension Liability (NPL) Ending Net Pension Liability (Single Discount Rate Assumption 7.90%) (NPL) Sensitivity of Ending Net Pension Liability to 1% Decrease in Single Rate Assumption (6.90%) Sensitivity of Ending Net Pension Liability to 1% Increase in Single Rate Assumption (8.90%) Differences Between Expected and Actual Economic Experience Difference Between Projected and Actual Investment Earnings Changes in Actuarial Assumptions Changes in Proportion and Differences Between Employer Contributions and Proportionate Share of Contributions Total Deferred Outflows of Resources 0002-00AITKIN COUNTY$8,563,528$7,389,166$11,911,634$3,668,239$113,401$0$761,527$0$874,928 0006-00ANOKA COUNTY$90,921,480$78,452,931$126,469,291$38,946,765$1,204,008$0$8,085,355$0$9,289,363 0008-01BECKER COUNTY$11,650,318$10,052,648$16,205,274$4,990,484$154,277$0$1,036,025$0$1,190,302 0010-00BELTRAMI COUNTY$13,332,537$11,504,175$18,545,195$5,711,073$176,553$0$1,185,620$0$1,362,173 0012-00BENTON COUNTY REVENUE$9,614,235$8,295,783$13,373,137$4,118,316$127,314$0$854,963$0$982,277 0014-00BIG STONE COUNTY$2,667,596$2,301,775$3,710,553$1,142,681$35,325$0$237,221$0$272,546 0016-00BLUE EARTH COUNTY$19,076,035$16,460,036$26,534,243$8,171,335$252,610$0$1,696,370$0$1,948,981 0018-00BROWN COUNTY$9,772,113$8,432,011$13,592,742$4,185,944$129,405$0$869,003$0$998,408 0020-00CARLTON COUNTY$14,595,562$12,593,995$20,302,028$6,252,097$193,279$0$1,297,936$0$1,491,215 0022-00CARVER COUNTY$30,241,831$26,094,607$42,065,560$12,954,271$400,471$0$2,689,309$0$3,089,780 0022-09CARVER COUNTY HISTORICAL SOCIETY$141,546$122,135$196,887$60,632$1,874$0$12,587$0$14,462 0024-00CASS COUNTY$12,151,173$10,484,818$16,901,949$5,205,028$160,909$0$1,080,565$0$1,241,474 0026-00CHIPPEWA COUNTY$5,269,864$4,547,179$7,330,236$2,257,378$69,785$0$468,632$0$538,417 0027-00CHIPPEWA COUNTY SWCD$141,546$122,135$196,887$60,632$1,874$0$12,587$0$14,462 0028-00CHIPPEWA COUNTY HOSPITAL$14,018,491$12,096,060$19,499,337$6,004,905$185,637$0$1,246,619$0$1,432,256 3602-00CITY OF BROOKLYN CENTER$7,561,819$6,524,826$10,518,283$3,239,151$100,136$0$672,448$0$772,584 …………………………… Total Allocated$5,444,074,000$4,697,499,000$7,572,558,000$2,332,002,000$72,092,000$0$484,124,000$0$556,216,000 Total Actuarial Valuation Amounts$5,444,074,000$4,697,499,000$7,572,558,000$2,332,002,000$72,092,000$0$484,124,000$0$556,216,000

12. Public Employees Retirement Association of Minnesota Schedule of Pension Amounts by Employer (2 of 2) 12 Public Employees Retirement Association General Employees Retirement Plan Schedule of Pension Amounts by Employer Fiscal Year Ended June 30, 2014 Deferred Inflows of ResourcesPension Expense Employer Unit ID No.Employer Name Differences Between Expected and Actual Economic Experience Difference Between Projected and Actual Investment Earnings Changes in Actuarial Assumptions Changes in Proportion and Differences Between Employer Contributions and Proportionate Share of Contributions Total Deferred Inflows of Resources Proportionate Share of Plan Pension Expense Net Amortization of Deferred Amounts from Changes in Proportion and Proportionate Share of Pension Expense Total Pension Expense 0002-00AITKIN COUNTY$0$1,996,546$0 $1,996,546$548,537$0$548,537 0006-00ANOKA COUNTY$0$21,197,911$0 $21,197,911$5,823,973$0$5,823,973 0008-01BECKER COUNTY$0$2,716,216$0 $2,716,216$746,261$0$746,261 0010-00BELTRAMI COUNTY$0$3,108,418$0 $3,108,418$854,015$0$854,015 0012-00BENTON COUNTY REVENUE$0$2,241,513$0 $2,241,513$615,840$0$615,840 0014-00BIG STONE COUNTY$0$621,937$0 $621,937$170,873$0$170,873 0016-00BLUE EARTH COUNTY$0$4,447,487$0 $4,447,487$1,221,915$0$1,221,915 0018-00BROWN COUNTY$0$2,278,322$0 $2,278,322$625,952$0$625,952 0020-00CARLTON COUNTY$0$3,402,886$0 $3,402,886$934,918$0$934,918 0022-00CARVER COUNTY$0$7,050,739$0 $7,050,739$1,937,140$0$1,937,140 0022-09CARVER COUNTY HISTORICAL SOCIETY$0$33,001$0 $33,001$9,067$0$9,067 0024-00CASS COUNTY$0$2,832,988$0 $2,832,988$778,343$0$778,343 0026-00CHIPPEWA COUNTY$0$1,228,644$0 $1,228,644$337,561$0$337,561 0027-00CHIPPEWA COUNTY SWCD$0$33,001$0 $33,001$9,067$0$9,067 0028-00CHIPPEWA COUNTY HOSPITAL$0$3,268,345$0 $3,268,345$897,954$0$897,954 3602-00CITY OF BROOKLYN CENTER$0$1,763,002$0 $1,763,002$484,372$0$484,372 ………………………… Total Allocated$0$1,269,260,000$0 $1,269,260,000$348,720,000$0$348,720,000 Total Actuarial Valuation Amounts$0$1,269,260,000$0 $1,269,260,000$348,720,000$0$348,720,000

13. Public Employees Retirement Association of Minnesota PERA GASB 68 Reconciliation For Fiscal Year Ended June 30, 2014 13

14. Public Employees Retirement Association of Minnesota Pension Expense Change in NPL during measurement period +/- deferrals Source of Change in NPLExpense/Deferral Service (Normal) CostImmediate Interest on the TPLImmediate Projected Investment EarningsImmediate Changes in Benefit ProvisionsImmediate Actuarial Gains and LossesExpense over average remaining service lives of all active and in-active employees Changes in Actuarial Assumptions Changes in Proportionate Share Differences between Projected and Actual Investment Earnings Expense over 5-year closed period Other Changes in the NPLImmediate 14

15. Public Employees Retirement Association of Minnesota City of Brooklyn Center GASB 68 Reconciliation For the Measurement Period Ended June 30, 2014 15

16. Public Employees Retirement Association of Minnesota Example of Deferred Inflows/Outflows Amortization Schedule 16

17. Public Employees Retirement Association of Minnesota Example of Deferred Inflows/Outflows Investment Earnings Amortization Schedule City of Brooklyn Center Increase (Decrease) in Pension Expense Arising from the Recognition of Differences between Projected and Actual Earnings on Pension Plan Investments YearPlan Difference between Projected and Actual Earnings on Investments Amort- ization Period (Years)201420152016201720182019 2014GERF ($2,203,755)5 ($440,751) 2015GERF$2,500,0005-$500,000 2016 2017 Net Increase (Decrease) in Pension Expense ($440,751)$59,249 17

18. Public Employees Retirement Association of Minnesota GASB 71 Amends paragraph 137 of GASB 68 Contributions after the measurement date prior to fiscal year end booked to deferred outflows rather than pension expense At the beginning of the period in which the provisions of Statement 68 are adopted the government should recognize a beginning deferred outflow of resources only for its pension contributions 18

19. Public Employees Retirement Association of Minnesota Transition Year Journal Entries City of Brooklyn Center example: employer contributions expensed during initial measurement period are reclassified 6/30/2014 12/31/201412/31/2013 City’s Fiscal Year End Reporting Date City’s Prior Fiscal Year End Measurement Period Beginning NPL $7,561,819 PERA Contributions $260,770 PERA Contributions $260,770 19 6/30/2013 Measurement Date

20. Public Employees Retirement Association of Minnesota Transition Year Journal Entries 20 City of Brooklyn Center: 1) Net position $7,561,819 Net pension liability $7,561,819 Prior period adjustment to recognize beginning net pension liability as of July 1, 2014, for change in accounting principle. 2) Deferred outflows of resources $260,770 Net position $260,770 Prior period adjustment to reclassify pension contributions during the measurement period (July 1, 2013 through December 31, 2013), which had been closed to net position for the year ended December 31, 2013, as deferred outflows of resources.

21. Public Employees Retirement Association of Minnesota 21 Year-End Journal Entries 1Net Pension Liability $506,046 Deferred Outflows $772,584 Deferred Inflows $1,763,002 Pension Expense $484,372 To record NPL, Deferred Outflows, Deferred Inflows and Pension Expense as of the measurement date (6/30/2014). 2Deferred Outflow - Pension Expense - Net Pension Liability - Deferred Inflow - To record the change in proportionate share from prior measurement date to current measurement date. This journal entry recognizes the change in proportion between measurement periods and applies the difference to NPL. 3Net Pension Liability $528,666 Deferred Outflow $528,666 To reclassify 7/1/13 through 6/30/14 contributions

22. Public Employees Retirement Association of Minnesota 22 Year-End Journal Entries 4Pension Expense - Deferred Outflow - To amortize the change in proportionate share from prior valuation to current valuation. 5Pension Expense - Grant Revenue - To recognize proportionate share of State of Minnesota contribution (special funding situation). 6Deferred Outflow of Resources $263,600 Cash (or Pension Expense) $263,600 To recognize contributions made from 7/1/14 through 12/31/14.

23. Public Employees Retirement Association of Minnesota 23 Year-End Journal Entry T-Accounts (1 of 2) City of Brooklyn Center December 31, 2014 Reporting Period Net Pension LiabilityDeferred OutflowsDeferred InflowsFringe Benefits Expense 2)$1,763,002$7,561,8191 T)2 T)$260,770$528,6663) $1,763,0022)1)$263,600 7) 3)$528,666$772,5842) $772,584$2,2705) $2,270$484,3722)7)$263,600 $6,524,837$766,018 $1,763,002 Pension ExpenseCashNet Position 2)$484,372 $263,6001)1 T)$7,561,819$260,7702 T) $484,372 $263,600 $7,301,049

24. Public Employees Retirement Association of Minnesota 24 Year-End Journal Entry T-Accounts (2 of 2) Transition year journal entries 1 T) Establish beginning NPL 2 T) Recognize deferred outflows for contributions closed to net position in the prior reporting period (7/1/13-12/31/13) Annual journal entries 1) Recognize contributions from the measurement date to the end of the fiscal year (July 1, 2014, through December 31, 2014) 2) Recognize pension expense, deferred inflows and deferred outflows at the measurement date 3) Reclassify contributions made during the measurement period (July 1, 2013 through June 30,2014) 4) Change in proportionate share ($0 first year) 5) Difference in contributions used as the basis for the proportionate share allocation ($530,947) and contributions that would be reported in the city's financial statements at the measurement date ($528,666) or $2,270. This amount also is the city's proportionate share of the adjustments to total contributions as disclosed in the notes to the GASB 68 schedules ($1,634,774*.001389 = $2,270). 6) Recognize pension expense for this year's amortization of prior year deferred inflows and outflows of resources (n/a for the transition year) 7) Reclassify contributions after the measurement date (7/1/2014 through 12/31/2014)

25. Public Employees Retirement Association of Minnesota Suggested GASB 68 Footnotes 25

26. Public Employees Retirement Association of Minnesota RSI Schedule of Employer’s Proportionate Share of the Net Pension Liability Ten-year schedule presenting, by plan: Employer’s proportion, both percentage and amount, of the collective NPL Employer’s covered-employee payroll as of the measurement date Employer’s amount of the collective NPL as a percentage of covered-employee payroll Plan’s fiduciary net position as a percentage of the total pension liability 26

27. Public Employees Retirement Association of Minnesota 27 Schedule of Proportionate Share of the Net Pension Liability City of Brooklyn Center’s Proportionate Share of the Net Pension Liability PERA General Employees Retirement Fund Required Supplementary Information (Last Ten Years*) Fiscal Year Ending Proportion (Percentage) of the Net Pension Liability (Asset) Proportionate Share (Amount) of the Net Pension Liability (Asset) (a) Covered- Employee Payroll (b) Proportionate Share of the Net Pension Liability (Asset) as a Percentage of its Covered-Employee Payroll (a/b) Plan Fiduciary Net Position as a Percentage of the Total Pension Liability June 30, 20140.1389%$6,524,826$7,430,64587.8%78.7% * Schedule is to be provided prospectively beginning with the employer's fiscal year ended June 30, 2015, or after.

28. Public Employees Retirement Association of Minnesota RSI Schedule of Employer Contributions Ten year schedule, by plan: Statutorily required employer contributions Actual contributions paid by employer Difference between required and paid contributions Amount of contributions paid in relation to required contributions as a percentage of the employer’s covered-employee payroll as of the reporting date 28

29. Public Employees Retirement Association of Minnesota 29 Schedule of Contributions City of Brooklyn Center Schedule of Contributions PERA General Employees Retirement Fund Required Supplementary Information (Last Ten Years*) Fiscal Year Ended Statutorily Required Contribution (a) Contributions in Relation to the Statutorily Required Contribution (b) Contribution Deficiency (Excess) (a-b) Covered- Employee Payroll (d) Contributions as a Percentage of Covered- Employee Payroll (b/d) December 31, 2014$528,666 $0$7,458,1697.09% December 31, 2015 December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 December 31, 2021 December 31, 2022 December 31, 2023 * Option to provide RSI for ten years at transition or to provide RSI prospectively.

30. Public Employees Retirement Association of Minnesota Annual Timeline June 30—Fiscal year end (Measurement Date) August—Census and asset data sent to actuary November—Actuarial valuations finalized December 1—PERA prepares GASB schedules January—Plan auditor finalizes GASB 68 audit February 10—PERA publishes GASB schedules and audit report 30

31. Public Employees Retirement Association of Minnesota Summary Every year PERA will provide GASB 68 information on its website (Financial Reporting Toolkit) Independent Auditor’s Report and Management Letter Schedule of Employer Allocations Schedule of Pension Amounts by Employer Notes to the pension allocation schedules The June 30, 2014, pension allocation amounts were finalized August 24, 2015, for employers with a June 30 fiscal year end Future GASB 68 schedules and audit opinion will be available in February each year 31

32. Public Employees Retirement Association of Minnesota Allocating Pension Amounts to Proprietary/Fiduciary Funds No allocation requirements in GASB 68 NCGA Statement 1, paragraph 42--long-term liabilities should be reported in Statement of Net Position (fiduciary net position) if: Amount is material; liability is directly related to the fund; and liability is expected to be paid from the fund See GASB 68 Implementation Guide Question 122 for cost- sharing plans and Question 36 for Single-Employer/Agent Plans Will need to address changes in proportionate share within reporting entity 32

33. Public Employees Retirement Association of Minnesota FIRE RELIEF ASSOCIATIONS 33

34. Public Employees Retirement Association of Minnesota Fire Relief Associations Office of the State Auditor’s June 2014 Pension Division Newsletter Cities that prepare financial statements in accordance with GAAP need to include the NPL and pension expense of the affiliated relief association If amounts are material If the fire department is a city fire department (not an independent non-profit firefighting corporation) Alternative to costly actuarial valuation—accept liability amounts calculated using State Auditor’s annual Schedule Form if difference is not significant 34

35. Public Employees Retirement Association of Minnesota Single-Employer/Agent Plans In contrast to cost-sharing plans, single- employer/agent plans have: Fewer footnote disclosures One additional footnote schedule Schedule of Changes in the Net Pension Liability One additional RSI schedule Ten-year Schedule of Changes in the Net Pension Liability The Ten-year Schedule of Net Pension Liability and Schedule of Changes in Net Pension Liability can be combined. 35

36. Public Employees Retirement Association of Minnesota Fire Relief Associations Most relief associations are overfunded, so NPL will be a Net Pension Asset. PERA will provide cities/townships whose fire departments have joined PERA’s Statewide Volunteer Firefighter Retirement Plan with GASB 68 schedules. The RSI Schedule of Required Contributions is only applicable to fire relief associations that paid statutorily- required contributions. 36

37. Public Employees Retirement Association of Minnesota American Institute of CPAs ® Governmental Audit Quality Center Cost-Sharing Plans: Employer Responsibilities Complete and accurate census data to plan Appropriateness of information used to record financial statement amounts Whether plan auditor’s report on schedules are adequate and appropriate for employer purposes Amounts in schedules specific to employer employer amount used in allocation percentage (numerator) recalculate allocation percentage of employer recalculate allocation of pension amounts based on allocation percentage of employer Report Evaluate Verify & Recalculate 37

38. Public Employees Retirement Association of Minnesota American Institute of CPAs ® Governmental Audit Quality Center Cost-Sharing Plans: Employer Auditor Responsibilities Sufficiency and appropriateness of audit evidence Whether plan auditor’s report on schedules are adequate and appropriate for auditor purposes (e.g., evidence) Review plan auditor’s report and any related modifications Evaluate whether plan auditor has necessary competence and independence Determine whether named as specified user Amounts in schedules specific to employer Employer amount used in allocation percentage (numerator) Recalculate allocation percentage of employer Recalculate allocation of pension amounts based on allocation percentage of employer Census data submitted to plan Determine Evaluate Verify & Recalculate Test 38

39. Public Employees Retirement Association of Minnesota More Information PERA’s website www.mnpera.org Employers tab GASB 68 Public Pension Accounting Standards Contact Jim Riebe at GASB@mnpera.org 39