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CITY OF ST. ANTHONY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2022 <br />F.SENSITIVITY OF THE TOTAL OPEB LIABILITY TO CHANGES IN THE DISCOUNT <br />RATE <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 or 1% higher than the <br />current discount rate: <br />1% Decrease Discount Rate 1% Increase <br />Total OPEB liability $1,071,586 $1,007,566 $944,635 <br />G.SENSITIVITY OF THE TOTAL OPEB LIABILITY TO CHANGES IN THE HEALTHCARE <br />COST TREND RATES <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 or 1% higher <br />than the current healthcare cost trend rates: <br />Healthcare Cost <br />1% Decrease Trend Rates 1% Increase <br />Total OPEB liability $900,189 $1,007,566 $1,131,699 <br />H. OPEB EXPENSE AND DEFERRED OUTFLOWS AND INFLOWS OF RESOURCES <br />RELATED TO OPEB <br />For the year ended December 31, 2022, the City recognized $37,888 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 />Deferred Outflows Deferred Inflows <br />of Resources of Resources <br />Changes of assumptions $61,724 $222,878 <br />Differences between expected <br /> and actual experience $429,794 236,251 <br />Contributions subsequent to <br />the measurement date 49,768 - <br /> Total <br />$541,286 $459,129 <br />$49,768 reported as deferred outflows of resources resulting from City contributions subsequent to the <br />measurement date will be recognized as a reduction of the net OPEB liability in the year ended <br />December 31, 2023. <br />79