CITY OF ORINDA SCHEDULE OF CHANGES IN THE NET OPEB LIABILITY AND RELATED RATIOS City of Orinda OPEB Plan - Agent Multiple Employer Last 10 fiscal years*
Measurement Date
6/30/2018 (1)
Total OPEB Liability (1) Service Cost Interest
$44,208 15,049
Differences between expected and actual experience Changes of assumptions Benefit payments Net change in total OPEB liability Total OPEB liability - beginning (a) Total OPEB liability - ending (b)
6/30/2019 (1)
6/30/2020
6/30/2021
$42,927 17,516
$23,572 30,444
$24,279 16,603 (40,314)
(1,843)
(5,409)
(171,172)
(16,988)
27,443
(90,802)
47,471
(6,381)
(6,131)
(9,245)
(13,063)
34,045 377,920
76,346 411,965
(217,203) 488,311
34,976 271,108
$411,965
$488,311
$271,108
$306,084
$116,245
$151,863
Plan fiduciary net position Contributions - employer Contributions - employee Interest Net investment income Difference between expected and actual investment income Administrative expense Benefit payments Net change in plan fiduciary net position Plan fiduciary net position - beginning (c) Plan fiduciary net position - ending (d)
30,229 $5,598 ($7,901) ($218) ($9,245) 104,479 $0 $104,479
($766) ($13,063) 168,263 $104,479 $272,742
Net OPEB liability - beginning (a)-(c)
$488,311
$166,629
Net OPEB liability - ending (b)-(d)
$166,629
$33,342
Plan fiduciary net position as a percentage of the total OPEB liability Covered-employee payroll Net OPEB liability as a percentage of covered-employee payroll Notes to Schedule: (1) No assets were accumulated in a trust that meets the criteria in paragraph 4 of Governmental Accounting Standards Board Statement No. 75. * Fiscal year 2018 was the first year of implementation.
74
0%
0%
39%
89%
$3,489,277
$3,593,955
$3,724,660
$3,427,722
11.81%
13.59%
7.28%
8.93%
