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CITY OF ELK RIVER <br />NOTES TO BASIC FINANCIAL STATEMENTS <br />DECEMBER 31, 2019 <br />NOTE 12 POST EMPLOYMENT BENEFITS OTHER THAN PENSIONS (CONTINUED) <br />E. Sensitivity of Total OPEB Liability <br />The following presents the total OPEB liability, as well as what the net OPEB liability <br />would be if it were calculated using a discount rate one percentage point lower or one <br />percentage point higher than the current discount rate: <br />City Total Opeb Liability (Asset) <br />Utility Total OPEB Liability (Asset) <br />One Percent <br />Decrease <br />(2.80%) <br />$ 895,616 <br />One Percent <br />Decrease <br />(2.71 %) <br />$ 237,862 <br />Discount Rate <br />(3.80%) <br />$ 834,639 <br />Discount Rate <br />(3.71 %) <br />$ 217,772 <br />One Percent <br />Increase <br />(4.80%) <br />$ 777,882 <br />One Percent <br />Increase <br />(4.71 %) <br />$ 199,558 <br />The following presents the net OPEB liability, as well as what the net OPEB liability <br />would be if it were calculated using healthcare cost trend rates that are one percentage <br />point lower or one percentage point higher than the current healthcare cost trend rates: <br />City Total OPEB Liability (Asset) <br />One Percent <br />Decrease <br />(5.50% <br />Decreasing <br />to 4.00%) <br />$ 758,823 <br />One Percent <br />Decrease <br />(5.40% <br />Decreasing <br />to 3.00%) <br />Healthcare Cost <br />Trend Rates <br />(6.50% <br />Decreasing to <br />5.00%) <br />$ 834,639 <br />Healthcare Cost <br />Trend Rates <br />(6.40% <br />Decreasing to <br />4.00%) <br />Utility Total OPEB Liability (Asset) $ 194,867 $ 217,772 <br />One Percent <br />Increase <br />(7.50% <br />Decreasing <br />to 6.00%) <br />$ 922,753 <br />One Percent <br />Increase <br />(7.40% <br />Decreasing <br />to 5.00%) <br />$ 244,554 <br />(76) <br />