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CITY OF PLEASANTON NOTES TO BASIC FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2022 Note 12: Post-Employment Health Care Benefits (Continued) The following presents the City’s portion of the net OPEB liability for the LPFD Retiree Healthcare Plan, as well as what the City’s net OPEB liability would be if it were calculated using healthcare cost trend rates that are 1-percentage-point lower or 1-percentage-point higher than the current healthcare cost trend rates: Decrease 1% Healthcare Cost Trend Rates Increase 1% (180,000)$ 1,719,500$ 4,018,000$ Plan's Net OPEB Liability/Asset OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB For the year ended June 30, 2022, the City recognized OPEB income of $338,000 for the LPFD Retiree Healthcare Plan. At June 30, 2022, the City reported deferred outflows and inflows of resources related to OPEB from the following sources: Deferred Outflows of Resources Deferred Inflows of Resources Employer contributions subsequent to measurement date 957,500$ -$ Changes in assumptions 420,000 207,000 Differences between assumptions expected and actual experience - 4,118,000 Net differences between projected and actual earnings on plan investments - 1,687,000 Total 1,377,500$ 6,012,000$ The $957,500 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the OPEB liability in the year ended June 30, 2023. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized as part of OPEB expense as follows: Measurement Period Ended June 30 Annual Amortization 2023 (1,203,500)$ 2024 (1,184,500) 2025 (1,194,000) 2026 (1,186,000) 2027 (638,500) Thereafter (185,500) Total (5,592,000)$ 115