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CITY OF SUNNY ISLES BEACH, FLORIDA <br />NOTES TO FINANCIAL STATEMENTS <br />FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023 <br />NOTE 8 — OTHER POSTEMPLOYMENT BENEFITS (CONTINUED) <br />CHANGES IN TOTAL OPEB LmBILITY <br />The City's changes in Total OPEB liability for the fiscal year ended September 30, 2023 <br />(measurement date was September 30, 2022), were as follows: <br />Service cost <br />Interest <br />Difference between expected and actual experience <br />of the Total OPEB liability <br />Changes of assumptions and other inputs <br />Other Changes <br />Benefit payments <br />Net change in Total OPEB liability <br />Total OPEB Liability - Beginning <br />Total OPEB Liability - Ending <br />$ 309,363 <br />128,858 <br />(19,208) <br />(1,587,248) <br />(176,557) <br />(1,344,792) <br />5,100,347 <br />$ 3,755,555 <br />Total OPEB Liability, Expense and Deferred Outflow/Inflow of Resources: For the fiscal <br />year ended September 30, 2023, the City recognized a Total OPEB liability of $3,755,555. <br />For the fiscal year ended September 30, 2022, the City recognized an OPEB expense of <br />$28,353. In addition, the City reported deferred outflows of resources and deferred inflows <br />of resources related to OPEB from the following sources: <br />Description <br />Difference between expected and actual <br />Change of assumption <br />Total <br />Deferred <br />Deferred <br />Outflows of <br />Inflows of <br />Resources <br />Resources <br />$ 33,348 $ 458,643 <br />1,040,352 2,711,947 <br />$ 1,073,700 $ 3,170,590 <br />62 <br />