Table 1 Net Position by Component

CITY OF SUFFOLK, VIRGINIA

REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF CHANGES IN THE SCHOOL BOARD'S NET OPEB LIABILITY AND RELATED RATIOS SCHOOL BOARD NON-TEACHER HIC SINGLE EMPLOYER PLAN FOR THE YEAR ENDED JUNE 30, EXHIBIT 27

Total OPEB Liability

Service cost Interest Changes of benefit terms Changes of assumptions or other inputs Benefit payments, including refunds of employee contributions Net change in total OPEB liability Total OPEB liability -- beginning Total OPEB liability -- ending

2020 2021

$ - $ 10,909 - 42,022 622,573 - 17,815 - (35) 622,573 70,711 - 622,573

$ 622,573 $ 693,284

Plan fiduciary net position

Contributions -- employer Net investment income Benefit payments, including refunds of employee contributions Administrative expenses Net change in plan fiduciary net position Plan fiduciary net position -- beginning Plan fiduciary net position -- ending

Total net OPEB liability -- beginning Total Net OPEB liability -- ending -$ $ 52,520 - 6,756 - (35) - (232) -$ $ 59,009

- -$ $ 59,009

-$ $ 622,573 $ 622,573 $ 634,275

Plan fiduciary net position as a percentage of total OPEB liability

Covered payroll

Net OPEB Liability as a percentage of covered payroll

Schedules are intended to show information for 10 years. Since 2020 is the first year of this presentation, no other data is available. Additional years will be included as they become available. 0.00% 8.51%

$ 7,502,569 $ 7,502,569

8.30% 8.45%

Per GAAP, Net OPEB Liability is reported using the measurement date, which is one year prior to the reporting date.