Acton-Boxborough Regional School District Notes to Basic Financial Statements Year Ended June 30, 2024
Sensitivity of the net position liability to changes in the discount rate
The following table presents the net other postemployment benefit liability and service cost, calculated using the discount rate of 6.55%, as well as what the net other postemployment benefit liability and service cost would be if it were calculated using a discount rate that is 1-percentage-point lower or 1- percentage-point higher than the current rate.
Current
1% Decrease
Discount Rate
1% Increase
(5.55%)
(6.55%)
(7.55%)
Net OPEB liability………… $ 57,619,234 $ 49,304,819$ 42,544,250
Sensitivity of the net position liability to changes in the healthcare trend
The following table presents the net other postemployment benefit liability and service cost, calculated using the current healthcare trend rate of 5.00%, as well as what the net other postemployment benefit liability and service cost would be if it were calculated using a healthcare trend rate that is 1-percentage- point lower or 1-percentage-point higher.
1% Decrease 1% Increase Net OPEB liability………… $ 41,661,382 $ 49,304,819$ 58,774,162 Current Trend
Changes in the Net OPEB Liability
Increase (Decrease)
Plan Total OPEB Fiduciary
Net OPEB
Liability
Net Position
Liability (a) - (b)
(a)
(b)
Balances at June 30, 2023……………………………… $ 64,467,041 $ 9,776,412$54,690,629
Changes for the year: Service cost…………………………………………… 1,857,764 Interest………………………………………………… 3,801,404
- - - -
1,857,764 3,801,404 (3,546,837) (4,156,190) (884,779) (2,457,172)
Differences between expected and actual experience Changes in assumptions and other inputs…………… Investment income (loss)……………………………… Contributions…………………………………………
(3,546,837) (4,156,190)
- -
884,779 2,457,172 (4,285,413)
Benefit payments……………………………………… (4,285,413)
-
Net change………………………………………… (6,329,272)
(943,462)
(5,385,810)
Balances at June 30, 2024……………………………… $ 58,137,769 $ 8,832,950$49,304,819
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