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The City's annual OPEB cost, the percentage of annual OPEB cost contributed to the plan and the net <br /> OPEB obligation for the last three years are as follows: <br /> Fiscal OPEB Employer %of Annual OPEB OPEB <br /> Ye. Ended Cost Contributions Cost Contributed Obligation <br /> M' RP: <br /> De ember 31,2017 $98,843 $39,599 49% $545,743 <br /> De ember 31, 2016 117,191 48,803 48 494,858 <br /> De ember 31, 2015 118,780 36,810 41 434,250 <br /> UHRP: <br /> December 31, 2017 $9,044 1,052 12% $78,537 <br /> December 31, 2015 10,559 3,055 29 70,545 <br /> December 31, 2016 10,260 2,151 21 63,041 <br /> Fo• more information regarding the liability of the City and the Utility with respect to its employees, <br /> please reference "Note 12, Post-Employment Benefits Other Than Pensions" and "Required <br /> Supplementary Information" of the City's Comprehensive Annual Financial Report for fiscal year ended <br /> December 31, 2017, an excerpt of which is included as Appendix IV of this Official Statement. <br /> GASB 75 <br /> In une 2015, the Government Accounting Standards Board approved Statement No. 75, Accounting and <br /> Fi ancial Reporting for Postemployment Benefits Other Than Pensions (GASB 75), establishing new <br /> accounting and financial reporting requirements for government employer OPEB plans. GASB 75 will <br /> re glace GASB 45 and will take effect for the City for the fiscal year ending December 31,2018. The City <br /> anlicipates some level of impact on its financial statements for the fiscal year ending December 31, 2018; <br /> ho ever, the City's financial statements for the fiscal year ending December 31, 2018 are not yet <br /> ay.ilable. <br /> So rces: City's Comprehensive Annual Financial Reports. <br /> (The Balance of This Page Has Been Intentionally Left Blank) <br /> - 34 - <br /> 43 <br />