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City of Elk River <br />Notes to Basic Financial Statements <br />NOTE 13 — POST EMPLOYMENT HEALTH CARE PLAN (CONTINUED) <br />G. OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources <br />Related to OPEB <br />For the year ended December 31, 2022, the City recognized OPEB expense of $60,448. At <br />December 31, 2022, 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 $ - $ 109,866 <br />Changes of assumptions 37,529 11,938 <br />Contributions between measurement date and reporting date 55,356 - <br />Total $ 92,885 $ 121,804 <br />The $55,356 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, 2023. 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 />95 <br />