ACFR FY 2022 FINAL BOOK - Flipbook - Page 128
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
Firefighters
2022
Total pension liability
Service Cost
Interest
Change in Excess State money
Share plan Allocation
Changes of benefit Terms
Differences between Expected and Actual Experience
Changes of Assumptions
Contributions buy back
benefit payments, including Refunds of Employee Contributions
Net Change in Total Pension Liability
Total pension Liability – beginning
Total Pension Liability – Ending (a)
$
Plan Fiduciary Net Position
Contributions – Employer
Contributions – State
Contributions – Employee
Contributions buy back
Net Investment Income
benefit payments (previously Included Refunds
of Employee Contributions)
Administrative Expense
Net Change in Fiduciary Net Position
plan Fiduciary Net position – beginning
Plan Fiduciary Net Position – Ending (b)
Net Pension Liability - Ending (a) - (b)
307,177
1,077,455
28,949
(18,560)
1,984
(601,398)
795,607
14,264,444
15,060,051
$
279,430
1,032,749
26,382
(140,141)
425,061
(639,949)
983,532
13,280,912
14,264,444
2020
$
276,487
985,657
18,845
109,268
(153,334)
(632,316)
604,607
12,676,305
13,280,912
619,192
133,562
64,053
1,984
(2,818,451)
618,316
128,428
59,657
2,061,912
589,041
113,354
57,081
1,309,135
(601,398)
(50,302)
(2,651,360)
13,862,993
11,211,633
(639,949)
(32,555)
2,195,809
11,667,184
13,862,993
(632,316)
(40,132)
1,396,163
10,271,021
11,667,184
$ 3,848,418
plan Fiduciary Net position as a percentage of the Total pension Liability
Covered-Employee payroll*
Net pension Liability as a percentage of Covered-Employee payroll
2021
$
401,451
74�45%
97�19%
$ 1,613,728
87�85%
$ 1,601,339
$ 1,491,433
$ 1,427,035
240�33%
26�92%
113�08%
*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 2015-157, Laws of Florida, the assumed rates of mortality were changed to the rates used in
pub-S�H�-2010 mortality Table, Scale mp 2018 2021
2021 FRS valuation report for special risk employees, with appropriate adjustments made based on plan demographics�
128
Annual Comprehensive Financial Report | September 30, 2022