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CITY OF LINO LAKES, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2022 <br /> <br /> <br /> <br /> <br />F. SENSITIVITY OF THE TOTAL OPEB LIABILITY TO CHANGES IN THE DISCOUNT <br />RATE <br /> <br />The following presents the total OPEB liability of the City, as well as what the City’s total OPEB <br />liability would be if it were calculated using a discount rate that is 1% lower (3.31%) or 1% higher <br />(5.31%) than the current discount rate: <br /> <br />1% Decrease Discount Rate 1% Increase <br />3.31%4.31%5.31% <br />Total OPEB liability $504,734 $463,737 $425,899 <br /> <br />G. SENSITIVITY OF THE TOTAL OPEB LIABILITY TO CHANGES IN THE HEALTHCARE <br />COST TREND RATES <br /> <br />The following presents the total OPEB liability of the City, as well as what the City’s total OPEB <br />liability would be if it were calculated using healthcare cost trend rates that are 1% lower (5% <br />decreasing to 4%) or 1% higher (7% decreasing to 6%) than the current healthcare cost trend rates: <br /> <br />Healthcare Cost <br />1% Decrease Trend Rates 1% Increase <br />(5% decreasing to 4%) (6% decreasing to 5%) (7% decreasing to 6%) <br />Total OPEB liability $398,584 $463,737 $542,761 <br /> <br /> <br />H. OPEB EXPENSE AND DEFERRED OUTFLOWS AND INFLOWS OF RESOURCES <br />RELATED TO OPEB <br /> <br />For the year ended December 31, 2022, the City recognized $20,353 of OPEB expense. At December <br />31, 2022, the City reported deferred outflows and inflows of resources related to OPEB from the <br />following sources: <br /> <br />Deferred Outflows Deferred Inflows <br />of Resources of Resources <br />Differences between expected <br /> and actual experience $8,495 $397,113 <br />Changes in assumptions 73,111 78,024 <br />Total $81,606 $475,137 <br /> Deferred outflows and inflows of resources relate almost exclusively to the public safety function, and <br />therefore, have been allocated entirely to governmental activities. <br /> <br />78