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Agenda 11-09-23; 3 - Presentation on Other Post-Employment Benefits (OPEB)
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Agenda 11-09-23; 3 - Presentation on Other Post-Employment Benefits (OPEB)
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11/3/2023 2:13:22 PM
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11/3/2023 1:51:54 PM
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BOCC
Date
11/9/2023
Meeting Type
Work Session
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Agenda
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3
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Agenda for November 9, 2023 Work Session
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\BOCC Archives\Agendas\Agendas\2023\Agenda - 11-09-2023 Work Session
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GASB 74/75 — Collective Results I <br /> OCM <br /> OPEB Expense <br /> Service Cost $4,123,410 <br /> Interest Cost 4,636,990 <br /> Current-period benefit changes 0 <br /> Expensed portion of current-period difference between expected and actual experience (2,878,022) <br /> Expensed portion of current-period difference between changes of assumptions (71,080) <br /> Active member contributions 0 <br /> Projected earnings on plan investments (25,412) <br /> Expensed portion of current-period differences between actual and projected earnings 1,342 <br /> Administrative Costs 0 <br /> Other 0 <br /> Recognition of beginning Deferred Outflows 8,870,567 <br /> Recognition of beginning Deferred Inflows (7,376,508) <br /> OPEB Expense/(Income) $7,281,287 <br /> 0`0.a4 � 6r <br /> tx sz <br />
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