ACFR FY 2023 Final - Flipbook - Page 130
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, 2023
Police Ofocers
2023
Total pension liability
Service Cost
Interest
Beneot Changes
Differences between Actual and Expected Experience
Assumptions Changes
Beneot Payments
Refunds of Employee Contributions
Other (Change in Share plan Reserve)
Net Change in Total Pension Liability
Total pension Liability 3 beginning
Total Pension Liability 3 Ending (a)
Plan Fiduciary Net Position
Contributions 3 Employer (from City)
Contributions 3 Employer (from State)
Contributions 3 members (Employee)
Net Investment Income
Beneot Payments (Previously Included Refunds
of Employee Contributions)
Refunds of Employee Contributions
Administrative Expense
Net Change in Fiduciary Net Position
plan Fiduciary Net position 3 beginning
Plan Fiduciary Net Position 3 Ending (b)
Net Pension Liability - Ending (a) - (b)
plan Fiduciary Net position as a percentage
of the Total pension Liability
$
618,164
2,175,449
267,392
428,036
(1,666,863)
48,163
1,870,341
31,743,511
33,613,852
2022
2021
$
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
$
597,131
2,135,302
(837,012)
(112,758)
(1,221,351)
(45,009)
27,574
543,877
29,488,486
30,032,363
1,085,519
205,166
173,580
2,546,238
1,012,936
180,443
161,726
(4,168,554)
1,010,105
163,989
161,484
3,551,607
(1,666,863)
(59,883)
2,283,757
21,186,388
23,470,145
(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
$10,143,707
69ÿ82%
$10,557,123
66ÿ74%
$ 4,518,697
84ÿ95%
Covered-Employee payroll*
$ 2,538,348
$ 2,413,310
$ 2,385,698
Net pension Liability as a percentage of Covered-Employee payroll
399ÿ62%
437ÿ45%
189ÿ41%
For measurement date 09/30/2022, as mandated by Chapter 1112ÿ63(1)(f), Laws of Florida, the assumed rates of mortality were changed to the rates use
in pub-SÿHÿ-2010 mortality Table, Scale mp 2018
2021 police Ofocers9 Pension & Retirement System valuation report for special risk employees, with appropriate adjustments made based on plan
demographicsÿ
130
Annual Comprehensive Financial Report | September 30, 2023
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