ACFR - FY2020 5-28-21 FINAL - Flipbook - Page 94
NOTES TO FINANCIAL STATEMENTS
CITY OF EUSTIS, FLORIDA
(Continued)
Note 6 - Other Postemployment Benefits (Continued)
Changes in the Total OPEB Liability
Fiscal Year
2020
Total OPEB Liability
Service Cost
Interest
Difference between expected and actual experience
Change of assumptions and other inputs
Benefit payments
Other Changes
Net Change in Total OPEB
Total OPEB Liability Beginning of the Year
Total OPEB Liability End of the Year
$
$
83,533
94,301
502,669
(137,507)
542,996
2,241,215
2,784,211
Sensitivity of the Total OPEB Liability to Changes in the Discount Rate
The following table presents the total OPEB liability, calculated using the discount rate
of 2.66%, as well as what the City’s total OPEB liability would be if it were calculated
using a discount rate that is one percentage-point lower (1.66%) or one percentage-point
higher (3.66%) than the current discount rate:
Sensitivity of the total OPEB Liability to Changes in the Healthcare Cost Trend
Rates
The following table presents the total OPEB liability of the City, as well as what the City’s
total OPEB liability would be if it were calculated using a healthcare cost trend rate that
is one percentage-point lower (1.66%) or one percentage-point higher (3.66%) than the
current discount rate:
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