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CITY OF SAN LEANDRO
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />For The Year Ended June 30, 2018
<br />I NOTE 13 -PENSION PLAN (Continued) !
<br />Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions -For the year
<br />ended June 30, 2018, the City recognized pension expense of $14,856,013 and $11,616,507 for
<br />Miscellaneous and Safety, respectively. At June 30, 2018, the City reported deferred outflows of
<br />resources and deferred inflows of resources related to pensions from the following sources:
<br />Miscellaneous
<br />Pension contributions subsequent to measurement date
<br />Differences between actual and expected experience
<br />Changes in assumptions
<br />Change in employer's proportion and differences between
<br />the employer's contributions and the employer's
<br />proportionate share of contributions
<br />Net differences between projected and actual earnings
<br />on plan investments
<br />Total
<br />Safety
<br />Pension contributions subsequent to measurement date
<br />Differences between actual and expected experience
<br />Changes in assumptions
<br />Change in employer's proportion and differences between
<br />the employer's contributions and the employer's
<br />proportionate share of contributions
<br />Net differences between projected and actual earnings
<br />on plan investments
<br />Total
<br />Deferred Outflows
<br />of Resources
<br />$
<br />$
<br />6,873,205
<br />53,973
<br />8,441,869
<br />2,744,834
<br />18,113,881
<br />Deferred Outflows
<br />of Resources
<br />$
<br />$
<br />6,062,560
<br />837,285
<br />12,142,732
<br />4,984,250
<br />2,647,591
<br />26,674,418
<br />Deferred Inflows
<br />of Resources
<br />$
<br />(680,738)
<br />$ (680,738)
<br />Deferred Inflows
<br />of Resources
<br />$
<br />$
<br />(218,303)
<br />(931,623)
<br />(4,996,781)
<br />(6,146,707)
<br />The $6,873,205 and $6,062,560 for Miscellaneous and Safety, respectively, will be reported as deferred
<br />outflows of resources related to contributions subsequent to the measurement date will be recognized as a
<br />reduction of the net pension liability in the year ended June 30, 2019. Other amounts reported as deferred
<br />outflows of resources and deferred inflows of resources related to pensions will be recognized as pension
<br />expense as follows:
<br />Miscellaneous Safety
<br />Year Ended Annual YearEnded Annual
<br />June 30 Amortization June 30 Amortization
<br />2019 $6,355,212 2019 $3,648,705
<br />2020 4,537,162 2020 8,461,405
<br />2021 1,178,379 2021 3,904,239
<br />2022 (1,510,815) 2022 (1,549,198)
<br />80 545
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