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CITY OF MOUNDS VIEW <br />Other Post -Employment Benefits Plan <br />Schedule of Changes in the City's Total <br />OPEB Liability and Related Ratios <br />Year Ended December 31, 2023 <br />City fiscal year-end date <br />Measurement date <br />Total OPEB liability <br />Prior year service cost and other adjustments <br />Service cost <br />Interest <br />Differences between expected <br />and actual experience <br />Changes in assumptions <br />Benefit payments <br />Net change in total OPEB liability <br />Total OPEB liability — beginning balance <br />Total OPEB liability — ending balance <br />Covered -employee payroll <br />Total OPEB liability as a percentage <br />of covered -employee payroll <br />Fiscal Year December 31, <br />2022 <br />2023 <br />2021 <br />2022 <br />$ 719,556 <br />$ — <br />60,796 <br />43,933 <br />15,099 <br />15,138 <br />— <br />323,476 <br />— <br />(135,166) <br />(50,951) <br />(63,392) <br />744,500 <br />183,989 <br />— <br />744,500 <br />$ 744,500 <br />$ 928,489 <br />$ 4,538,061 <br />$ 4,565,968 <br />16.41% <br />20.33% <br />Note 1: The City has not established a trust fund to finance GASB Statement No. 75-related benefits. <br />Note 2: The City's obligation for other post -employment benefits was immaterial prior to 2022, with their ability <br />to utilize age adjusted premiums. The City was required to utilize community rated blended premiums in <br />fiscal 2022, requiring the implementation of GASB Statement No. 75. This schedule is intended to present <br />10-year trend information. Additional years will be added as they become available. <br />-66- <br />