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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 31,2025
<br /> City fiscal year-end,December 31, 2022 2023 2024 2025
<br /> Measurement date,December 31, 2021 2022 2023 2024
<br /> Total OPEB liability
<br /> Prior year service cost and other adjustments $ 719,556 $ — $ — $ —
<br /> Service cost 60,796 43,933 41,757 39,438
<br /> Interest 15,099 15,138 36,886 58,104
<br /> Differences between expected
<br /> and actual experience — 323,476 624,068 —
<br /> Changes in actuarial assumptions — (135,166) 58,458 (47,238)
<br /> Benefit payments (50,951) (63,392) (97,148) (124,291)
<br /> Net change in total OPEB liability 744,500 183,989 664,021 (73,987)
<br /> Total OPEB liability—beginning balance — 744,500 928,489 1,592,510
<br /> Total OPEB liability—ending balance $ 744,500 $ 928,489 $ 1,592,510 $ 1,518,523
<br /> Covered-employee payroll $ 4,538,061 $4,565,968 $4,525,477 $4,661,241
<br /> Total OPEB liability as a percentage
<br /> of covered-employee payroll 16.41% 20.33% 35.19% 32.58%
<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 to utilize
<br /> age adjusted premiums. The City was required to utilize community rated blended premiums in fiscal 2022,
<br /> requiring the implementation of GASB Statement No. 75. This schedule is intended to present 10-year trend
<br /> information.Additional years will be added as they become available.
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