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Indian River County, Florida <br />Required Supplementary Information <br />For the Year Ended September 30, 2017 <br />Schedules of Changes in Net OPEB Liability and Related Ratios <br />Fiscal year ending September 30, 2017 <br />Total OPEB liability <br />Service cost <br />$ 673,067 <br />Interest on the total OPEB liability <br />2,405,638 <br />Changes of benefit terns <br />- <br />Difference between expected and <br />actual experience <br />- <br />Changes of assumptions <br />- <br />Benefit payments <br />(2,494,672) <br />Net change in total OPEB liability <br />584,033 <br />Total OPEB liability - beginning <br />40,668,234 <br />Total OPEB liability - ending (a) <br />$ 41,252,267 <br />Plan fiduciary net position <br />Employer contributions $ 2,274,341 <br />Nonemployer contributing entities <br />contributions - <br />Employee contributions - <br />OPEB plan net investment income 2,387,483 <br />Benefit payments (2,494,672) <br />OPEB plan administrative expense - <br />Other - <br />Net change in plan fiduciary net position 2,167,152 <br />Plan fiduciary net position - beginning <br />25,503,310 <br />Plan fiduciary net position - ending (b) <br />$ 27,670,462 <br />Net OPEB liability - ending (a) - (b) <br />$ 13,581,805 <br />Plan fiduciary net position as a percentage <br />of total OPEB liability <br />67.08% <br />Covered payroll* <br />$ 65,923,502 <br />Net OPEB liability as a percentage <br />of covered payroll <br />20.60% <br />Notes to Schedule: <br />N/A <br />* Estimate <br />Note: GASB 74 was implemented in fiscal year 2017. This schedule is being built prospectively. <br />Ultimately, 10 years of data will be presented. <br />110 <br />