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OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB
For the fiscal year ended June 30, 2021, the District recognized OPEB expense of $5,703,990. At June 30, 2021, the District reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:
Deferred Deferred
Inflows of Outflows of
Resources Resources
Difference Between Expected and Actual Experience $ 178,286 $ -
Changes in Assumptions 14,657,043 4,438,853 Benefits Paid after the Measurement Date - 3,933,399
Total
$ 14,835,329 $
8,372,252
The deferred outflows of resources related to pensions resulting from benefits paid by the measurement date, totaling $3,933,399, will be recognized as a reduction of the net pension liability in the fiscal year ending June 30, 2022.
Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows:
Fiscal Year Ending June 30 | Amount | |
2022 | $ (1,678,473) | |
2023 | (1,678,473) | |
2024 | (1,678,473) | |
2025 | (1,678,473) | |
2026 | (1,678,473) | |
Thereafter | (2,004,111) | |
Total | $ (10,396,476) |