ACFR FY 2022 FINAL BOOK - Flipbook - Page 97
FINANCIAL SECTION
City of Eustis, Florida
NOTES TO FINANCIAL STATEMENTS
Note 7 - Pension Plans (Continued)
For the year ended September 30, 2022, the City will recognize pension expenses of $1,883,231
and $954,968 for police and Firefighters, respectively� On September 30, 2022, the City reported
Deferred Outflow of Resources and Deferred Inflow for police and Fire Department Resources related
to pensions from the following sources:
Police Deferred
Inflows of
Resources
$
572,937
60,312
$
633,249
Differences between Expected and Actual Experience
Changes of assumptions
Net difference between projected and Actual Earnings on pension
plan Investments
Total
Police Deferred
Outflows of
Resources
$
37,345
452,443
4,297,790
$
4,787,578
Amounts reported as Deferred Outflows of Resources and Deferred Inflows of Resources related to
pensions will be recognized in pension Expense as follows:
Year ended September 30, 2022:
2023
2024
2025
2026
2027
Thereafter
Total
$
1,124,606
981,392
814,271
1,234,060
4,154,329
$
Differences between Expected and Actual Experience
Changes of assumptions
Net difference between projected and Actual Earnings on pension plan
Investments
Total
Fire Deferred
Outflows of
Resources
$
83,990
38,334
Fire Deferred
Outflows of
Resources
$
27,317
212,530
122,324
2,256,105
2,495,952
$
$
Amounts reported as Deferred Outflows of Resources and Deferred Inflows of Resources related to
pensions will be recognized in pension Expense as follows:
Year ended September 30, 2022:
2023
2024
2025
2026
2027
Thereafter
Total
Annual Comprehensive Financial Report | September 30, 2022
$
$
548,409
510,623
540,313
774,283
2,373,628
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