ACFR FY 2022 FINAL BOOK - Flipbook - Page 126
FINANCIAL SECTION
City of Eustis, Florida
City of Eustis, Florida
Required Supplemental Information
Schedule of Changes in Net Pension Liability and Related Ratios
Last Ten Fiscal Years**
For The Year Ended September 30, 2022
Police Officers
2022
Total pension liability
Service Cost
Interest
benefit Changes
Differences between Actual and Expected Experience
Assumptions Changes
benefit payments
Refunds of Employee Contributions
Other (Change in Share plan Reserve)
Net Change in Total Pension Liability
Total pension Liability – beginning
Total Pension Liability – Ending (a)
$
595,772
2,092,954
48,015
396,188
(1,455,339)
(2,243)
35,801
1,711,148
30,032,363
31,743,511
2021
$
597,131
2,135,302
(837,012)
(112,758)
(1,221,351)
(45,009)
27,574
543,877
29,488,486
30,032,363
2020
$
628,111
2,041,898
18,821
(233,718)
375,278
(1,034,241)
(12,576)
28,684
1,812,257
27,676,229
29,488,486
Plan Fiduciary Net Position
Contributions – Employer (from City)
Contributions – Employer (from State)
Contributions – members (Employee)
Net Investment Income
1,012,936
180,443
161,726
(4,168,554)
1,010,105
163,989
161,484
3,551,607
1,048,482
166,208
105,471
63,246
benefit payments (previously Included Refunds
of Employee Contributions)
Refunds of Employee Contributions
Administrative Expense
Net Change in Fiduciary Net Position
plan Fiduciary Net position – beginning
Plan Fiduciary Net Position – Ending (b)
(1,455,339)
(2,243)
(56,247)
(4,327,278)
25,513,666
21,186,388
(1,221,351)
(45,009)
(65,092)
3,555,733
21,957,933
25,513,666
(1,034,241)
(12,576)
(58,912)
277,678
21,680,255
21,957,933
Net Pension Liability - Ending (a) - (b)
$ 10,557,123
plan Fiduciary Net position as a percentage
of the Total pension Liability
$
66�74%
Covered-Employee payroll*
$
Net pension Liability as a percentage of Covered-Employee payroll
2,413,310
$
437�45%
4,518,697
$ 7,530,553
84�95%
2,385,698
$
189�41%
74�46%
2,268,844
331�91%
*For the 2014 Fiscal year, the Covered-Employee payroll figure was based on pensionable Salary�
** GASb 68 requires information for 10 years� However, until a full 10-year trend is compiled, the City is presenting information for only those years
for which information is available�
For measurement date 09/30/2021, as mandated by Chapter 1112�63(1)(f), Laws of Florida, the assumed rates of mortality were changed to the rates use
in pub-S�H�-2010 mortality Table, Scale mp 2018
2021 FRS valuation report for special risk employees, with appropriate adjustments made based on plan demographics�
126
Annual Comprehensive Financial Report | September 30, 2022