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99 <br />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, 2024, the City recognized OPEB expense of $55,044. At <br />December 31 , 2024, the City reported deferred outflows of resources and deferred inflows of <br />resources related to OPEB from the following sources: <br />Deferred Deferred <br />Outflows of Inflows of <br />Resources Resources <br />Differences between expected and actual liability 4,241$ 55,922$ <br />Changes of assumptions 32,499 71,574 <br />Contributions between measurement date and reporting date 73,294 - <br /> Total 110,034$ 127,496$ <br />The $73,294 reported as deferred outflows of resources related to OPEB resulting from City <br />contributions subsequent to the measurement date will be recognized as a reduction of the OPEB <br />liability in the year ended December 31 , 2025. Other amounts reported as deferred outflows of <br />resources related to OPEB will be recognized in pension expense as shown on the following page: <br />Total <br />(32,596)$ <br />(16,130) <br />(23,061) <br />(10,544) <br />(10,546) <br />2,121 <br />Total (90,756)$ <br />Thereafter <br />2025 <br />2026 <br />2027 <br />2028 <br />2029 <br />Year Ending <br />December 31, <br />Page 289 of 637