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City of Elk River <br />Notes to Basic Financial Statements <br />NOTE 12 — POST EMPLOYMENT HEALTH CARE PLAN (CONTINUED) <br />G. OPEB Liability Sensitivity (Continued) <br />Total OPEB Liability <br />1% decrease Current 1% increase <br />(5.5% decreasing (6.5% decreasing <br />to 3.0%) to 4.0%) <br />$ 785,809 $ 870,444 <br />(7.5% decreasing <br />to 5.0%) <br />$ 969,902 <br />H. OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources <br />Related to OPEB <br />For the year ended December 31, 2021, the City recognized OPEB expense of $68,086. At <br />December 31, 2021, the City reported deferred outflows of resources and deferred inflows of resources <br />related to OPEB from the following sources: <br />Deferred Deferred <br />Outflows of Inflows of <br />Resources Resources <br />Difference between expected and actual liability $ - $ 136,838 <br />Changes of assumptions 46,422 15,919 <br />Contributions between measurement date and reporting date 50,618 - <br />Total <br />$ 97,040 $ 152,757 <br />The $50,618 reported as deferred outflows of resources related to OPEB resulting from City <br />contributions subsequent to the measurement date will be recognized as a reduction of the OPEB <br />liability in the year ended December 31, 2022. Other amounts reported as deferred outflows of resources <br />related to OPEB will be recognized in pension expense as shown on the following page: <br />