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Indian River County, Florida <br />Notes To Financial Statements <br />Year Ended September 30, 2020 <br />NOTE 14 - OTHER POSTEMPLOYMENT BENEFITS PLAN (OPEB) - Continued <br />H. OPEB Expense and Deferred Outflows and Inflows of Resources Related to OPEB <br />For the year ended September 30, 2020, the County recognized OPEB expense of <br />($104,244). At September 30, 2020, the County reported deferred outflows of resources and <br />deferred inflows of resources related to OPEB from the following sources: <br />Deferred Deferred <br />Outflows of Inflows of <br />Description Resources Resources <br />Differences between expected and actual experience $ 4,395,837 $ - <br />Changes of assumptions 9,789,886 <br />Net difference between projected and actual earnings on <br />OPEB plan investments 532,432 559,330 <br />$ 4,928,269 $ 10, 349, 216 <br />I. OPEB Expense and Deferred Outflows and Inflows of Resources Related to OPEB <br />Amounts reported as deferred outflows of resources and deferred inflows of resources <br />related to OPEB will be recognized in OPEB expense as follows: <br />Year Ending <br />September 30 <br />Net Deferred Outflows <br />of Resources <br />2021 $ (876,334) <br />2022 (876,334) <br />2023 (925,819) <br />2024 (1,070,305) <br />2025 (930,474) <br />Thereafter (741,681) <br />Total $ (5,420,947) <br />103 <br />