ACFR - FY2020 5-28-21 FINAL - Flipbook - Page 81
NOTES TO FINANCIAL STATEMENTS
CITY OF EUSTIS, FLORIDA
(Continued)
Note 5 - Pension Plans (Continued)
HIS
Deferred Outflows
of Resources
Description
Differences between expected and
actual experience
$
Change of assumptions
8,406
HIS
Deferred Inflows
of Resources
$
22,096
(159)
(11,948)
Net difference between projected and actual
earnings on Pension Plan investments
164
Changes in proportion and differences
between City Pension Plan contributions
and proportionate share of contributions
-
(61,658)
2,541
-
City Pension Plan contributions subsequent
to the measurement date
Total
$
33,206
-
$
(73,765)
The deferred outflows of resources related to the HIS Plan, totaling $2,541 resulting
from City contributions to the HIS Plan subsequent to the measurement date, will be
recognized as a reduction of the net pension liability in the fiscal year ended
September 30, 2020. Other amounts reported as deferred outflows of resources and
deferred inflows of resources related to the HIS Plan will be recognized in pension
expense as follows:
Fiscal Year Ending
September 30, 2020:
Deferred
Outflow / Inflow
Amount
2021
$
(17,638)
2022
(11,394)
2023
(8,517)
2024
(4,921)
2025
(1,538)
Thereafter
908
Totals
$
(43,100)
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