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CITY OF PLEASANTON <br /> <br />NOTES TO BASIC FINANCIAL STATEMENTS <br />FOR THE YEAR ENDED JUNE 30, 2022 <br /> <br />  <br />Note 11: Defined Benefit Pension Plan (Continued) <br /> <br />For the year ended June 30, 2022, the contributions recognized as part of pension expense <br />for the plan were as follows: <br /> <br />Safety (Police) <br />Contributions - employer 4,906,207$ <br />Pension Liabilities, Pension Expenses and Deferred Outflows/Inflows of Resources <br />Related to Pensions – As of June 30, 2022, the City reported net pension liabilities for <br />its proportionate shares of the net pension liability of the plan as follows: <br /> <br />Proportionate Share of <br />Net Pension Liability <br />Safety (Police)20,034,837$ <br /> <br />The City’s net pension liability for the plan is measured as the proportionate share of net <br />pension liability. The net pension liability of the plan is measured as of June 30, 2021, <br />and the total pension liability for the plan used to calculate the net pension liability was <br />determined by an actuarial valuation as of June 30, 2020, rolled forward to June 30, 2021, <br />using standard update procedures. The City’s proportion of the net pension liability was <br />based on a projection of the City’s long-term share of contributions to the pension plan <br />relative to the projected contributions of all participating employers, actuarially determined. <br />The City’s proportionate share of the net pension liability for the plan as of June 30, 2020 <br />and 2021 was as follows: <br /> <br />Safety (Police) <br />0.59305% <br />0.57087% <br />-0.02218% <br />Proportion - June 30, 2020 <br />Proportion - June 30, 2021 <br />Change - Increase (Decrease) <br /> <br />For the year ended June 30, 2022, the City recognized pension revenue of $7,475,817 for <br />the Safety (Police) Plan. At June 30, 2022, the City reported deferred outflows of <br />resources and deferred inflows of resources related to pensions from the following sources: <br /> <br />Deferred Outflows <br />of Resources <br />Deferred Inflows <br />of Resources <br />Pension contributions subsequent to the measurement date 4,906,207$ -$ <br />Changes in assumptions - - <br />Differences between expected and actual experience 3,422,935 - <br />Net differences between projected and actual earnings on plan <br />investments - 11,924,580 <br />Change in employer's proportion and differences between the <br />employer's contribution and the employer's proportionate share <br />of contributions - 5,045,792 <br />Adjustment due to difference in proportions 3,501,635 - <br />Total 11,830,777$ 16,970,372$ <br />Safety (Police) <br /> <br />101