ACFR FY 2022 FINAL BOOK - Flipbook - Page 105
FINANCIAL SECTION
City of Eustis, Florida
NOTES TO FINANCIAL STATEMENTS
Note 8 - Other Postemployment Benefits (Continued)
Changes in the Total OPEB Liability
Fiscal Year
2022
Total OPEB Liability
Service Cost
Interest
Change of assumptions and other inputs
benefit payments
Net Change in Total OpEb
Total OpEb Liability beginning of the Year
Total OPEB Liability End of the Year
$
$
84,098
51,976
21,446
(120,552)
36,968
2,328,007
2,364,975
Sensitivity of the Total OPEB Liability to Changes in the Discount Rate
The following table presents the total OpEb liability, calculated using the discount rate of 2�26%, as
well as what the City’s total OpEb liability would be if it were calculated using a discount rate that
is one percentage point lower (1�26%) or one-percentage-point higher (3�26%) than the current
discount rate:
Total OpEb Liability
1% Decrease
1.26%
$
2,673,984
Current Discount
Rate
2.26%
$
2,364,975
1% Increase
3.26%
$
2,111,942
Sensitivity of the total OPEB Liability to Changes in the Healthcare Cost Trend Rates
The following table presents the total OpEb liability of the City, as well as what the City’s total OpEb
liability would be if it were calculated using a healthcare cost trend rate that is one percentage point
lower (1�00%) or one-percentage-point higher (1�00%) than the current discount rate:
Total OpEb Liability
Annual Comprehensive Financial Report | September 30, 2022
1% Decrease
2,084,930
Current Trend
Rate
2,364,975
1% Increase
2,709,881
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