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Schedule 3 <br /> ORANGE COUNTY ALCOHOLIC BEVERAGE CONTROL BOARD <br /> (a component unit of Orange County Government) <br /> OTHER POST-EMPLOYMENT BENEFITS <br /> REQUIRED SUPPLEMENTARY INFORMATION <br /> SCHEDULES OF CHANGES IN THE TOTAL <br /> OPEB LIABILITY AND RELATED RATIOS <br /> 2023 2022 <br /> Total OPEB Liability <br /> Service cost $ 15,436 $ 14,949 <br /> Interest 27,667 29,325 <br /> Changes of benefit terms - <br /> Differences between expected and <br /> actual experience (11,235) 2,682 <br /> Changes of assumptions 23,376 - <br /> Benefit payments (101,203) (94,771 <br /> Net Change in Total OPEB Liability (45,959) (47,815) <br /> Total OPEB Liability,beginning 901,484 949,299 <br /> Total OPEB Liability,ending 855,525 901,484 <br /> Plan Fiduciary Net Position <br /> Contributions-employer 162,149 138,149 <br /> Net investment income 158 153 <br /> Benefit payments 101,203( ) (94,771) <br /> Administrative expense (6,725) <br /> Net Change in Plan Fiduciary <br /> Net Position 54,379 36,806 <br /> Plan Fiduciary Net Position,beginning 355,428 318,622 <br /> Plan Fiduciary Net Position,ending 409,807 355,428 <br /> Net OPEB Liability,ending $ 445,718 $ 546,056 <br /> Covered Payroll $ 1,829,075 $ 1,405,218 <br /> Total OPEB Liability as a Percentage <br /> of Covered Payroll 24.37% 38.86% <br /> Notes to Schedule: <br /> Fiscal Year Rate <br /> Changes of assumptions and other inputs reflect the effects of changes <br /> in the discount rate of the period 2023 3.25% <br /> 2022 3.25% <br /> See auditor's report. <br /> i <br /> -38- <br />