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<br /> 84 <br />City of Elk River <br />Notes to Basic Financial Statements <br /> <br /> <br />NOTE 12 – PENSION PLANS (CONTINUED) <br /> <br />Public Employees' Retirement Association (Continued) <br /> <br />D. Pension Costs (Continued) <br /> <br />General Employees Fund Pension Costs (Continued) <br /> <br />At December 31, 2023, the City and HRA reported its proportionate share of the General Employees <br />Plan's deferred outflows of resources and deferred inflows of resources, related to pensions from the <br />following sources: <br /> <br />Primary Government <br />Differences between expected and actual economic experience 296,181$ 59,511$ <br />Changes in actuarial assumptions 1,400,657 2,476,022 <br />Net difference between projected and actual investment earnings - 235,213 <br />Changes in proportion 206,704 - <br />Contributions paid to PERA subsequent <br /> to the measurement date 483,600 - <br />Total 2,387,142$ 2,770,746$ <br />Deferred <br />Outflows of <br />Resources <br />Deferred <br />Inflows of <br />Resources <br /> <br />Discretely Presented Component Unit <br /> <br />Differences between expected and actual economic experience 1,747$ 351$ <br />Changes in actuarial assumptions 8,265 14,597 <br />Net difference between projected and actual investment earnings - 1,366 <br />Changes in proportion 1,480 - <br />Contributions paid to PERA subsequent <br /> to the measurement date 2,900 - <br />Total 14,392$ 16,314$ <br />Deferred <br />Outflows of <br />Resources <br />Deferred <br />Inflows of <br />Resources <br />Page 205 of 464