|
Total OPEB Liability
<br />Service cost
<br />Interest
<br />Differences between expected
<br />and actual experience
<br />Changes of assumptions
<br />Benefit payments
<br />Net change in total OPEB liability
<br />Beginning of year
<br />End of year
<br />Covered payroll
<br />Total OPEB liability as a percentage of
<br />covered payroll
<br />City of Elk River
<br />Schedule of Changes in Total OPEB Liability
<br />and Related Ratios - Municipal Retirees Health Plan
<br />December 31, December 31, December 31, December 31, December 31,
<br />2018 2019 2020 2021 2022
<br />$ 58,939 $ 44,470 $ 53,284 $ 62,443 $ 64,316
<br />30,051 31,024 32,766 27,703 18,192
<br />- (87,455) - (101,343) -
<br />- (27,862) 48,516 13,730 -
<br />(47,958) (42,048) (51,790) (49,504) (50,618)
<br />41,032 (81,871) 82,776 (46,971) 31,890
<br />875,478 916,510 834,639 917,415 870,444
<br />$ 916,510 $ 834,639 $ 917,415 $ 870,444 $ 902,334
<br />$ 8,658,239 $ 9,076,855 $ 9,349,161 $ 10,007,339 $ 10,307,559
<br />10.59% 9.20% 9.81% 8.70% 8.75%
<br />Note 1: Schedule is intended to show ten year trend. Additional years will be reported as they become available.
<br />Note 2: No assets are accumulated in a trust.
<br />See Notes to Required Supplementary Information. 101
<br />
|