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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 LL4BILITY (CONTINUED) <br />The amounts reported as deferred inflows of resources related to OPEB will be recognized <br />in OPEB income, as follows: <br />For the Fiscal Year Ended <br />September 30, <br />Amount <br />2024 <br />$ (233,313) <br />2025 <br />(233,313) <br />2026 <br />(233,313) <br />2027 <br />(233,313) <br />2028 <br />(233,313) <br />Thereafter <br />(930,324) <br />Total <br />$ (2,096,889) <br />Interest Rate Sensitivity: The following table illustrates the impact of interest rate <br />sensitivity on the Total OPEB Liability for the fiscal year ended September 30, 2023: <br />$ <br />1% Decrease Current Discount Rate <br />(3.77%) (4.77%) <br />4,122,822 $ 3,755,555 <br />1% Increase <br />(5.77%) <br />$ 3,427,371 <br />Healthcare Cost Trend Sensitivity: The following table illustrates the impact of healthcare <br />cost trend sensitivity on the Total OPEB Liability for the fiscal year ended September 30, <br />2023: <br />1% Decrease Current Trend 1% Increase <br />3.00% - 6.50% 4.00% - 7.50% 5.00% - 8.50% <br />$ 3,422,542 $ 3,755,555 $ 4,151,579 <br />63 <br />