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CITY OF ST. ANTHONY, MINNESOTA
<br />REQUIRED SUPPLEMENTARY INFORMATION Statement 11
<br />SCHEDULE OF CHANGES IN THE CITY'S TOTAL OPEB LIABILITY AND RELATED RATIOS
<br />For The Year Ended December 31, 2022
<br />2022 2021 2020 2019 2018
<br />Total OPEB liability:
<br />Service cost $72,464 $62,011 $49,034 $66,821 $60,682
<br />Interest 15,890 18,122 36,179 29,763 28,711
<br />Changes of benefit terms - - - -
<br />Differences between expected and actual experience 479,711 8,294 (347,833) - -
<br />Changes in assumptions (222,336) 19,545 52,159 (43,327) 21,006
<br />Benefit payments (30,409) (30,213) (21,165) (11,075) (10,672)
<br />Net change in total OPEB liability 315,320 77,759 (231,626) 42,182 99,727
<br />Total OPEB liability - beginning 692,246 614,487 846,113 803,931 704,204
<br />Total OPEB liability - ending $1,007,566 $692,246 $614,487 $846,113 $803,931
<br />Covered-employee payroll $4,900,000 $4,600,000 $4,500,000 $4,897,999 $4,627,624
<br />Total OPEB liability as a percentage of covered-employee payroll 20.6% 15.0% 13.7% 17.3% 17.4%
<br />The schedule is provided prospectively beginning with the City's fiscal year ended December 31, 2018 and is intended to
<br />show a ten year trend. Additional years will be added as they become available.
<br />See accompanying notes to the required supplementary information.
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