Acton-Boxborough Regional School District Schedule of Changes in the District’s Net OPEB Liability and Related Ratios Other Postemployment Benefit Plan
Schedule of changes in the District’s net OPEB liability and related ratios June 30, June 30,
June 30,
June 30,
June 30,
June 30,
June 30,
June 30,
2017
2018
2019
2020
2021
2022
2023
2024
Total OPEB Liability Service Cost………………………………………………$ 1,587,326 $
1,638,860$ 1,744,862 $
1,386,040$ 1,459,214 $
1,912,574$ 1,900,468 $ 1,857,764
Interest…………………………………………………… Differences between expected and actual experience…… Changes of assumptions………………………………… Benefit payments…………………………………………
2,408,061
2,598,396
2,693,466
2,834,996 (2,445,112) (5,443,779) (1,588,350)
3,006,694
3,068,702 (2,058,314) 7,016,139 (1,996,595)
3,637,130
3,801,404 (3,546,837) (4,156,190) (4,285,413)
- -
-
- -
-
-
(458,279) (1,426,261)
6,520,943 (1,806,591)
(1,826,772) (2,053,241)
(1,209,591)
(1,426,261)
Net change in total OPEB liability…………………………
2,785,796
2,352,716
3,012,067
(5,256,205)
9,180,260
7,942,506
1,657,585
(6,329,272)
Total OPEB liability - beginning…………………………… 64,467,041 Total OPEB liability - ending (a)……………………………$ 45,578,112 $ 47,930,828$ 50,942,895 $ 45,686,690$ 54,866,950 $ 62,809,456$ 64,467,041 $ 58,137,769 42,792,316 45,578,112 47,930,828 50,942,895 45,686,690 54,866,950 62,809,456
Plan fiduciary net position Employer contributions……………………………..……$ Employer contributions for OPEB payments…………… Net investment income (loss)………………………...… Benefit payments……………………………...………… Other…………………………………….………………
862,066$
811,755$
900,000$
900,000$
900,000$
771,511$
789,159$
225,000 2,232,172 884,779 (4,285,413)
1,209,591 178,628 (1,209,591)
1,426,261 157,890 (1,426,261)
1,426,261 360,276 (1,426,261)
1,588,350 105,290 (1,588,350)
1,806,591 1,730,138 (1,806,591)
1,996,595 (1,311,193) (1,996,595)
2,053,241 716,950 (2,053,241)
(62,066)
-
-
-
-
-
Net change in plan fiduciary net position…………………
978,628
969,645
1,260,276
1,005,290
2,630,138
(539,682)
1,506,109
(943,462)
Plan fiduciary net position - beginning of year……………
1,966,008
2,944,636
3,914,281
5,174,557
6,179,847
8,809,985
8,270,303
9,776,412
Plan fiduciary net position - end of year (b)……………… $ 2,944,636 $ 8,270,303$ 9,776,412 $ 8,832,950 Net OPEB liability - ending (a)-(b)……………………… $ 42,633,476$ 44,016,547 $ 45,768,338$ 39,506,843 $ 46,056,965$ 54,539,153 $ 54,690,629$49,304,819 3,914,281$ 5,174,557 $ 6,179,847$ 8,809,985 $
Plan fiduciary net position as a percentage of the
total OPEB liability………………………..………… 15.19% Covered-employee payroll……………………………….. $ 48,838,493 $ 48,838,493$ 50,303,648 $ 55,778,193$ 57,451,539 $ 61,481,998$ 63,326,458 $ 68,188,740 Net OPEB liability as a percentage of covered-employee payroll………………………….. 87.29% 90.13% 90.98% 70.83% 80.17% 88.71% 86.36% 72.31% Note: this schedule is intended to present information for 10 years. Until a 10-year trend is compiled, information is presented for those years for which information is available. 6.46% 8.17% 10.16% 13.53% 16.06% 13.17% 15.16%
See notes to required supplementary information. 68
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