ACFR FY 2023 Final - Flipbook - Page 132
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
Fireoghters
2023
Total pension liability
Service Cost
Interest
Change in Excess State money
Share plan Allocation
Changes of Beneot Terms
Experience Gains / Losses
Differences between Expected and Actual Experience
Changes of Assumptions
Contributions buy back
Beneot Payments, including Refunds of Employee Contributions
Net Change in Total Pension Liability
Total pension Liability 3 beginning
Total Pension Liability 3 Ending (a)
Plan Fiduciary Net Position
Contributions 3 Employer
Contributions 3 State
Contributions 3 Employee
Contributions buy back
Net Investment Income
Beneot Payments (Previously Included 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
$
362,367
1,141,138
52,810
1,442
(700,952)
(616,027)
240,778
15,060,051
15,300,829
2022
2021
$
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
767,877
181,284
90,293
1,403,221
619,192
133,562
64,053
1,984
(2,818,451)
618,316
128,428
59,657
2,061,912
(616,027)
(51,249)
1,775,399
11,211,633
12,987,032
(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
$ 2,314,282
84ÿ88%
$ 3,848,418
74ÿ45%
$
401,451
97ÿ19%
Covered-Employee payroll*
$ 1,926,202
$ 1,601,339
$ 1,491,433
Net pension Liability as a percentage of Covered-Employee payroll
120ÿ15%
240ÿ33%
26ÿ92%
For measurement date 09/30/2022, as mandated by Chapter 2015-157, Laws of Florida, the assumed rates of mortality were changed to the rates used
in pub-SÿHÿ-2010 mortality Table, Scale mp 2018 2021
2023 Fireoghters Pension & Retirement System valuation report for special risk employees, with appropriate adjustments made based on plan demographics.
132
Annual Comprehensive Financial Report | September 30, 2023
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