ACFR - FY2021 FINAL 5-13-22 USE THIS ONE - Flipbook - Page 89
NOTES TO FINANCIAL STATEMENTS
CITY OF EUSTIS, FLORIDA
(Continued)
Note 5 - Pension Funds (Continued)
HIS
Deferred Outflows
of Resources
Description
Differences between expected and
actual experience
$
Change of assumptions
5,970
HIS
Deferred Inflows
of Resources
$
14,019
(75)
(7,351)
Net difference between projected and actual
earnings on Pension Plan investments
186
Changes in proportion and differences
between City Pension Plan contributions
and proportionate share of contributions
-
(60,295)
1,804
-
City Pension Plan contributions subsequent
to the measurement date
Total
$
21,979
-
$
(67,721)
The deferred outflows of resources related to the HIS Plan, totaling $1,804 resulting
from City contributions to the HIS Plan after the measurement date, will be recognized
as a reduction of the net pension liability in the fiscal year ended September 30, 2022.
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, 2021:
Deferred
Outflow / Inflow
Amount
$
(15,657)
(12,404)
(8,995)
(5,731)
(3,407)
(1,352)
$
(47,546)
2022
2023
2024
2025
2026
Thereafter
Total
79