Laserfiche WebLink
CITY OF EUGENE, OREGON <br />Notes to Basic Financial Statements <br />continued <br />(5) Other Information, continued <br />(F) Other Post-Employment Benefits (OPEB) – Retiree Health and Life Insurance Plan (RHLI), continued <br />OPEB Assets, Liabilities, OPEB Expense, Deferred Outflows of Resources, and Deferred Inflows of Resources <br />Related to OPEB, continued <br />For the year ended June 30, 2019, the City recognized OPEB expense (income) of $1,634,159. At June 30, 2019, <br />the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following <br />sources: <br />Deferred Deferred <br />outflows of inflows of <br />resources resources <br />Changes of assumptions or other input $ 0 86,313 <br />Contributions subsequent to the measurement date 1,063,799 0 <br />Differences between expected and actual experience 974,243 0 <br />$ 2,038,042 86,313 <br />The $1,063,799 reported as deferred outflows of resources related to OPEB resulting from City contributions <br />subsequent to the measurement date will be recognized as a reduction of the net OPEB liability (asset) in the year <br />ending June 30, 2020. Other amounts reported as deferred outflows of resources and deferred inflows of resources <br />related to OPEB will be recognized as expense (income) as follows: <br />Deferred outflows <br />Fiscal year and (inflows) <br />ending June 30 of resources <br />2020 $ 126,847 <br />2021 126,847 <br />2022 126,847 <br />2023 126,847 <br />2024 126,847 <br />Thereafter 253,695 <br />77 <br />December 9, 2019, Meeting - Item 2CCC Agenda - Page 121