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Indian River County, Florida
<br />Required Supplementary Information
<br />Fiscal Year Ended September 30, 2018
<br />Schedules of Changes in Net OPEB Liability and Related Ratios
<br />Fiscal year ending September 30, 2018 2017
<br />Total OPEB liability
<br />Service cost
<br />Interest on the total OPEB liability
<br />Difference between expected and
<br />actual experience
<br />Changes of assumptions
<br />Benefit payments
<br />Net change in total OPEB liability
<br />Total OPEB liability - beginning
<br />Total OPEB liability - ending (a)
<br />Plan fiduciary net position
<br />Employer contributions
<br />OPEB plan net investment income
<br />Benefit payments
<br />Net change in plan fiduciary net position
<br />Plan fiduciary net position - beginning
<br />Plan fiduciary net position - ending (b)
<br />Net OPEB liability - ending (a) - (b)
<br />Plan fiduciary net position as a percentage
<br />of total OPEB liability
<br />Covered payroll*
<br />Net OPEB liability as a percentage
<br />of covered payroll
<br />$ 498,665 $
<br />2,443,943
<br />2,762,722
<br />(11,946,117)
<br />(2,037,101)
<br />673,067
<br />2,405,638
<br />(2,494,672)
<br />(8,277,888) 584,033
<br />41,252,267 40,668,234
<br />$ 32,974,379 $ 41,252,267
<br />$ 2,461,947 $
<br />1,425,540
<br />(2,037,101)
<br />2,274,341
<br />2,387,483
<br />(2,494,672)
<br />1,850,386
<br />27,670,462
<br />2,167,152
<br />25,503,310
<br />$ 29,520,848 $ 27,670,462
<br />3,453,531 $ 13,581,805
<br />89.53% 67.08%
<br />$ 68,982,061 $ 65,923,502
<br />5.01% 20.60%
<br />Notes to Schedule:
<br />Covered -Employee Payroll presented above is an estimate based on the data submitted for the
<br />valuation. GASB Statement 75 defined Covered -employee payroll as the payroll of employees
<br />that are provided with OPEB through the OPEB plan, including employees terminating during
<br />the measurement period (fiscal year ended September 30, 2018).
<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.
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