ACFR - FY2021 FINAL 5-13-22 USE THIS ONE - Flipbook - Page 124
CITY OF EUSTIS, FLORIDA
REQUIRED SUPPLEMENTAL INFORMATION
SCHEDULE OF CHANGES IN NET PENSION LIABILITY AND RELATED RATIOS
LAST 10 FISCAL YEARS *
FOR THE YEAR ENDED SEPTEMBER 30, 2021
Firefighters
Total pension liability
Service Cost
Interest
Change in Excess State Money
Share Plan Allocation
Changes of benefit terms
Differences between Expected and Actual Experience
Changes of assumptions
Benefit Payments, including Refunds of Employee Contributions
Net Change in Total Pension Liability
Total Pension Liability – Beginning
Total Pension Liability – Ending (a)
9/30/2021
9/30/2020
9/30/2019
9/30/2018
$
276,487
985,657
18,845
109,268
(153,334)
(632,316)
$
604,607
12,676,305
$ 13,280,912
$
257,123
947,278
10,717
(6,344)
72,910
(25,334)
(941,866)
$ 314,484
12,211,012
$ 12,676,305
$
260,034
903,263
7,697
125,862
(519,047)
$ 777,809
11,433,203
$ 12,211,012
253,518
846,338
7,266
99,332
160,056
(518,037)
$
848,473
10,584,730
$ 11,433,203
232,480
749,472
(11,144)
16,556
507,014
196,022
(505,459)
$ 1,184,941
9,399,789
$ 10,584,730
$
214,156
739,529
(379,106)
(431,789)
$ 142,790
9,256,999
$ 9,399,789
224,459
700,345
(417,602)
$ 507,202
8,749,797
$ 9,256,999
$
$
$
$
$
$
$
589,041
113,354
57,081
1,309,135
(632,316)
(40,132)
$ 1,396,163
$ 10,271,021
$ 11,667,184
563,329
115,463
57,100
534,775
(941,866)
(37,764)
$ 291,038
$ 9,979,983
$ 10,271,021
691,470
109,424
56,255
672,963
(519,047)
(39,082)
$ 971,983
$ 9,008,000
$ 9,979,983
Net Pension Liability - Ending (a) - (b)
$
$
1,613,728
$ 2,405,284
$ 2,231,029
87.85%
81.03%
81.73%
1,427,035
113.08%
$ 1,427,511
168.49%
$ 1,406,377
158.64%
Plan Fiduciary Net Position as a percentage of the Total Pension Liability
401,451
97.19%
$
1,491,433
26.92%
$
$
$
$
662,590
108,561
53,436
827,904
(518,037)
(28,513)
1,105,941
7,902,059
9,008,000
$
2,425,203
$
9/30/2014
279,430
1,032,749
26,382
(140,141)
425,061
(639,949)
$
983,532
13,280,912
$ 14,264,444
618,316
128,428
59,657
2,061,912
(639,949)
(32,555)
$ 2,195,809
$ 11,667,184
$ 13,862,993
$
9/30/2015
9/30/2016
$
Plan Fiduciary Net Position
Contributions – Employer
Contributions – State
Contributions – Employee
Net investment income
Benefit Payments (Previously Included Refunds of Employee Contributions)
Administrative Expense
Net Change in Fiduciary Net Position
Plan Fiduciary Net Position – Beginning
Plan Fiduciary Net Position – Ending (b)
Covered Payroll*
Net Pension Liability as a percentage of Covered Payroll
9/30/2017
$
$
$
$
573,724
115,997
52,516
558,655
(505,459)
(27,441)
767,992
7,134,067
7,902,059
470,563
101,739
48,705
(29,631)
(431,789)
(33,661)
$ 125,926
$ 7,008,141
$ 7,134,067
319,298
90,690
46,422
578,075
(417,602)
(13,700)
$ 603,183
$ 6,404,958
$ 7,008,141
$
2,682,671
$ 2,265,722
$ 2,248,858
74.66%
75.34%
75.71%
1,312,898
204.33%
$ 1,340,415
169.03%
$ 1,160,547
193.78%
78.79%
$
1,335,896
181.54%
$
*For the 2014 Fiscal year, the Covered Payroll figure was based on Pensionable Salary.
** GASB 68 requires information for 10 years. However, until a full 10-year trend is compiled, the City
is presenting information for only those years for which information is available.
For measurement date 09/30/2021, as mandated by Chapter 2015-157, Laws of Florida, the assumed rates of mortality were changed to the rates used in Pub-S.H-2010 Mortality Table, Scale MP 2018
2021 FRS valuation report for special risk employees, with appropriate adjustments made based on plan demographics.
114
$