ACFR - FY2021 FINAL 5-13-22 USE THIS ONE - Flipbook - Page 94
NOTES TO FINANCIAL STATEMENTS
CITY OF EUSTIS, FLORIDA
(Continued)
Note 5 - Pension Funds (Continued)
Police Officers
Total Pension
Liability
(a)
$ 29,488,486
Beginning Balance 9/30/2020
Changes for a Year:
Service Cost
597,131
Interest
2,135,302
Differences between Expected and Actual Experience
(837,012)
Changes of assumptions
(112,758)
Contributions - Employer
Contributions - State
Contributions - Employee
Net Investment Income
Benefit Payments, including Refunds of Employee Contributions (1,266,360)
Other (Change in Share Plan Reserve)
27,574
Administrative Expense
Net Changes
543,877
Ending Balance 9/30/2021
$ 30,032,363
Increase (Decrease)
Plan Fiduciary
Net Pension
Net Position
Liability
(b)
(a)-(b)
$ 21,957,933
$ 7,530,553
1,010,105
163,989
161,484
3,551,607
(1,266,360)
(65,092)
3,555,733
$ 25,513,666
597,131
2,135,302
(837,012)
(112,758)
(1,010,105)
(163,989)
(161,484)
(3,551,607)
27,574
65,092
(3,011,856)
$ 4,518,697
Increase (Decrease)
Total Pension Plan Fiduciary Net Pension
Liability
Net Position
Liability
(a)
(b)
(a)-(b)
$ 13,280,912
$ 11,667,183
$ 1,613,729
Firefighters
Beginning Balance 9/30/2020
Changes for a Year:
Service Cost
279,430
Interest
1,032,749
Share plan allocation
26,382
Differences between Expected and Actual Experience
(140,141)
Changes of assumptions
425,061
Contributions - Employer
Contributions - State
Contributions - Employee
Net Investment Income
Pension Plan Investments
Benefit Payments, including Refunds of Employee Contributio
(639,949)
Administrative Expense
Net Changes
983,532
Ending Balance 9/30/2021
$ 14,264,444
84
618,316
128,428
59,657
915,262
1,146,650
(639,949)
(32,554)
2,195,810
$ 13,862,993
279,430
1,032,749
26,382
(140,141)
425,061
(618,316)
(128,428)
(59,657)
(915,262)
(1,146,650)
32,554
(1,212,278)
$ 401,451