OPEB Expense and Deferred Outflows of Resources and Deferred (Inflows) of Resources
Related to OPEB
For the year ended June 30, 2021, the City recognized an OPEB expense of $4,694,079. At
June 30, 2021, the City reported deferred outflows and (inflows) of resources related to OPEB
from the following sources:
Deferred Deferred
Outflows of (Inflows) of
Resources Resources
Differences between expected and actual
experience $ 667,879 $ (5,639,344)
Changes of assumptions 5,496,932 -
Total $ 6,164,811 $ (5,639,344)
Amounts reported as deferred outflows and (inflows) of resources related to OPEB will be
recognized in OPEB expense as follows:
Fiscal Year Ended
2022 $ 20,399
2023 20,399
2024 20,400
2025 349,443
2026 349,444
Thereafter (234,618)
Total $ 525,467
Consolidation of Total/Net OPEB Liabilities and Related Deferred Outflows and (Inflows)
Below is a summary of all OPEB related items in the aggregate as of at June 30, 2021.
Details related to these items are presented separately for each plan on the previous pages.
Total Total
Total Deferred Deferred Total
OPEB Outflows of (Inflows) of OPEB
Liability Resources Resources Expense
City OPEB Plan $ 55,008,094 $ 6,164.81] §$ (5,639,344) $ 4,694,079
Proportionate share of
NHRS Medical Subsidy Plan 23,435,551 2,987,798 (223,423) 1,903,474
Total $ 78,443,645 $ 9,152,609 $ (5,862,767) $ 6,597,553
The City reports a net OPEB liability in governmental activities as these respective
employees are members of the NHRS, while Business-Type activities reports a total OPEB
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