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The County funds its OPEB healthcare benefits on a pay as you go basis as part of the annual budget <br /> process . The County paid $4 ,064 , 731 in OPEB benefits in fiscal year 2024, and has budgeted approximately <br /> $ for benefit payments in fiscal year 2025 . <br /> In addition to these annual payments, the County has reserved approximately $ 8 .2 million of <br /> committed fund balance toward its OPEB obligations . The County has also established an irrevocable trust <br /> for OPEB benefits that contains approximately $397 , 710 . <br /> The following table presents additional information on the County ' s OPEB liabilities . <br /> Measurement Net OPEB NOL as % of <br /> Date Liability (NOL) Covered Payroll <br /> June 30, 2024 $ 118, 85 %926 228 . 0% <br /> June 30, 2023 $ 1205541 , 187 231 . 2 <br /> June 30, 2022 1325374, 775 238 .2 <br /> June 30, 2021 161 ,449,960 290 . 5 <br /> GASB 74 requires the presentation of the Net OPEB Liability ("NOL") effective as of June 30, <br /> 2017 . The GASB 74 required NOL actuary methodology and assumptions results in a higher liability than <br /> the unfunded actuarial accrued liability ("UAAL") . <br /> CONTINGENT LIABILITIES <br /> The County is not aware of any contingent liabilities that it expects would materially adversely affect its <br /> ability to meet its financial obligations . <br /> 42 <br />