|
I% Decrease
<br />(5.00%)
<br />$7,797,518
<br />Sensitivity of Net OPEB Liability
<br />to the Single Discount Rate Assumption
<br />Current Single Discount 1% Increase
<br />Rate Assumption (6.00%) (7.00%)
<br />$5,331,866 $3,092,597
<br />Regarding the sensitivity of the net OPEB liability to changes in the healthcare cost
<br />trend rates, the following presents the plan's net OPEB liability, calculated using the
<br />assumed trend rates as well as what the plan's net OPEB liability would be if it were
<br />calculated using a trend rate that is I% lower or I% higher:
<br />Sensitivity of Net OPEB Liability
<br />to the Healthcare Cost Trend Rate Assumption
<br />Current Healthcare Costs
<br />I% Decrease Trend Rate Assumption 1% Increase
<br />(5.0% down to 2.75%) (6.0% down to 3.75%) (7.0% down to 4.75%)
<br />$2,275,609 $5,331,866 $8,867,365
<br />Changes in the Net OPEB Liability.
<br />Balances at 9/30/2022
<br />Changes for the year:
<br />Service cost
<br />Interest
<br />Changes to benefit terms
<br />Contributions — employer
<br />Net investment income
<br />Benefit Payment
<br />Net changes
<br />Balances at 9/30/2023
<br />Increase (Decrease)
<br />Total OPEB Plan Fiduciary Net OPEB
<br />Liability(a) Net Position(b) Liability (a) -(b)
<br />$ 34,934,061 $ 28,937,442 $ 5,996,619
<br />580,560
<br />-
<br />2,035,476
<br />-
<br />762,507
<br />-
<br />-
<br />1,005,398
<br />-
<br />3,037,898
<br />(3,180,031)
<br />(3,180,031
<br />198,512
<br />863,265
<br />$ 35,132,573
<br />$ 29,800,707
<br />580,560
<br />2,035,476
<br />762,507
<br />(1,005,398)
<br />(3,037,898)
<br />(664,753)
<br />$ 5,331,866
<br />OPEB Expense and Deferred Outflows and Inflows of Resources Related to OPER.
<br />For the year ended September 30, 2023, the County recognized OPEB expense of
<br />$1,480,807. At September 30, 2023, the County reported deferred outflows of resources
<br />and deferred inflows of resources related to OPEB from the following sources:
<br />47
<br />
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