14-GASB 75 Report Supplement FY 2024.pdf
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- Attached to
- RFP 2025-005 Employee Benefits Broker
- Solicitation number
- RFP 2025-005 Employee Benefits Broker
- Issued by
- Tarrant County, Texas
About this file
The document is a financial report detailing the Deferred Inflows and Outflows of Resources for the City of Burleson as of September 30, 2024, prepared with the assistance of HUB. The report provides a comprehensive breakdown of financial differences between expected and actual experiences, as well as changes in assumptions across multiple measurement periods from 2018 to 2024, with amortization schedules projecting out to 2030.
The financial analysis shows the city's net deferred resources standing at a negative $58,300, with total deferred inflows of resources at negative $1,376,942 and deferred outflows of resources at $1,318,642. The document includes detailed tables tracking differences in experiences and assumptions, with varying average remaining service lives ranging from 7 to 10 years. The amortization schedules demonstrate how these financial differences will be recognized and adjusted over time, with projections showing fluctuating positive and negative balances across different fiscal years, ultimately converging towards zero by the end of the projected period.
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99City of Burleson
Deferred Inflows and Outflows of Resources as of September 30, 2024
Experience Differences Average between Expected Measurement Expected and Remaining Outstanding Period Ended Actual Service at 9/30/2024
9/30 Experiences Lives (Years) 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2018 326,732$ 8 40,842$ 40,842 40,842 40,842 40,843 40,843 40,843 40,835 40,835$ 2019 0 N/A 0$ 0 0 0 0 0 0 0 0 2020 141,692 10 14,169$ 14,169 14,169 14,169 14,169 14,169 14,169 14,169 14,169 14,171 70,847 2021 0 10 0$ 0 0 0 0 0 0 0 0 0 2022 (552,588) 8 (69,074) (69,074) (69,074) (69,074) (69,074) (69,074) (69,074) (69,070) (345,366) 2023 0 8 0 0 0 0 0 0 0 0 2024 (554,732) 7 (79,247) (79,247) (79,247) (79,247) (79,247) (79,247) (79,250) (475,485)
(638,896)$ Remaining amo ion schedule: 40,842$ 40,842$ 55,011$ 55,011$ (14,062)$ (14,062)$ (93,309)$ (93,317)$ (134,152)$ (134,152)$ (134,152)$ (134,146)$ (79,250)$ (709,169)$
Assumptions Average Expected
Measurement Remaining Outstanding Period Ended Change of Service at 9/30/2024
9/30 Assumptions Lives (Years) 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2018 256,399 7 36,628$ 36,628 36,628 36,628 36,629 36,629 36,629 0$ 2019 52,121 7 7,446$ 7,446 7,446 7,446 7,446 7,446 7,445 7,445 2020 541,698 7 77,385$ 77,385 77,385 77,385 77,385 77,385 77,388 154,773 2021 (102,528) 7 (14,647)$ (14,647) (14,647) (14,647) (14,647) (14,647) (14,646) (43,940) 2022 (45,996) 7 (6,571) (6,571) (6,571) (6,571) (6,571) (6,571) (6,570) (26,283) 2023 (40,566) 7 (5,795) (5,795) (5,795) (5,795) (5,795) (5,795) (5,796) (28,976) 2024 (80,532) 7 (11,505) (11,505) (11,505) (11,505) (11,505) (11,505) (11,502) (69,027)
580,596$ Remaining amortination schedule: 36,628$ 44,074$ 121,459$ 106,812$ 100,242$ 94,447$ 82,942$ 46,312$ 38,870$ (38,517)$ (23,870)$ (17,301)$ (11,502)$ (6,008)$
Total of All Outstanding at 9/30/2024
Deferred inflows of resources (1,376,942)$ 0$ 0$ 0$ (14,647)$ (90,292)$ (96,087)$ (186,839)$ (186,839)$ (186,839)$ (186,838)$ (172,191)$ (165,618)$ (90,752)$ (989,077)$ Deferred outflows of resources 1,318,642 77,470 84,916 176,470 176,470 176,472 176,472 176,472 139,834 91,557 14,169 14,169 14,171 0 273,900
Aggregate of deferred resources (58,300)$ 77,470$ 84,916$ 176,470$ 161,823$ 86,180$ 80,385$ (10,367)$ (47,005)$ (95,282)$ (172,669)$ (158,022)$ (151,447)$ (90,752)$ (715,177)$
Amortization Schedule of Differences between expected and actual experience
Amortization Schedule of Changes in Assumptions
Amortization Schedule for all deferred inflows and outflows of resources
Amortization Bases (2024)
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