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6.G. - Pa§f Redwood 187 <br />City <br />Notes to the Basic Financial Statements <br />For the fiscal year ended June 30, 2018 <br />NOTE 9 — EMPLOYEE BENEFITS (CONTINUED) <br />B. Post Employment Benefits, Continued <br />Recognition of Deferred Outflows and Deferred Inflows of Resources <br />Gains and losses related to changes in total OPEB liability and fiduciary net position are recognized in <br />OPEB expense systematically over time. Amounts are first recognized in OPEB expense for the year the <br />gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of <br />resources related to OPEB and are to be recognized in future OPEB expense. The recognition period <br />differs depending on the source of the gain or loss: <br />Net difference between projected and actual 5 Years <br />earnings on OPEB plan investments <br />All otheramounts <br />Expected average remaining service lifetime <br />(EA IRS Q (6.2Years at June 30, 2017) <br />OPEB Expense and Deferred Outflows/(Inflows) of Resources Related to OPEB <br />For the fiscal year ended June 30, 2018, the Port recognized OPEB expense of $23,857. For the fiscal year <br />ended June 30, 2018, the City reported deferred outflows of resources related to OPEB from the <br />following sources: <br />Deferred Deferred <br />Outflows of Inflows of <br />Resources Resources <br />OPEB contributions subsequent to measurement date $ 6,300 $ - <br />Changes of Assumptions - 57,339 <br />Net differences between projected and actual earnings <br />on plan investments - <br />Total <br />$ 6,300 $ 57,339 <br />The $6,300 reported as deferred outflows of resources related to contributions subsequent to the June <br />30, 2017 measurement date will be recognized as a reduction of the net OPEB liability during the fiscal <br />year ending June 30, 2019. Other amounts reported as deferred outflows of resources related to OPEB <br />will be recognized as expense as follows: <br />80 286 <br />Deferred <br />Fiscal Year Ending <br />Outflows/Inflows <br />June 30: <br />of Resources <br />2019 <br />$ (11,027) <br />2020 <br />(11, 027) <br />2021 <br />(11, 027) <br />2022 <br />(11, 027) <br />2023 <br />(11, 027) <br />Thereafter <br />(2,204) <br />80 286 <br />