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CITY OF ST. ANTHONY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2023 <br /> <br /> <br /> <br /> <br />F. SENSITIVITY OF THE TOTAL OPEB LIABILITY TO CHANGES IN THE DISCOUNT RATE <br /> <br />The following presents the total OPEB liability of the City, as well as what the City’s total OPEB liability <br />would be if it were calculated using a discount rate that is 1% lower or 1% higher than the current discount <br />rate: <br /> <br /> Current <br /> 1% Decrease Discount Rate 1% Increase <br />Total OPEB liability $988,987 $924,615 $863,355 <br /> <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 liability <br />would be if it were calculated using healthcare cost trend rates that are 1% lower or 1% higher than the <br />current healthcare cost trend rates: <br /> <br /> Current <br /> Healthcare Cost <br /> 1% Decrease Trend Rates 1% Increase <br />Total OPEB liability $824,223 $924,615 $1,040,602 <br /> <br /> <br />H. OPEB EXPENSE AND DEFERRED OUTFLOWS AND INFLOWS OF RESOURCES RELATED <br />TO OPEB <br /> <br />For the year ended December 31, 2023, the City recognized $23,679 of OPEB expense. At December 31, <br />2023, the City reported deferred outflows and inflows of resources related to OPEB from the following <br />sources: <br /> <br />Deferred Outflows Deferred Inflows <br />of Resources of Resources <br />Changes of assumptions $52,042 $307,775 <br />Differences between expected <br /> and actual experience 374,337 199,057 <br />Contributions subsequent to <br />the measurement date 55,980 - <br /> Total <br />$482,359 $506,832 <br /> $55,980 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 December <br />31, 2024. <br /> <br />78