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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 14 -OTHER POST EMPLOYMENT BENEFITS (Continued) <br />The following presents the net OPEB liability of the City, as well as what the City's net OPEB liability <br />would be if it were calculated using healthcare cost trend rates that are I-percentage-point lower or 1- <br />percentage-point higher than the current healthcare cost trend rates (7.0% in the first year, trending down to <br />3.84% over 58 years): <br />!%Decrease <br />$2,764,795 <br />Net OPEB Liability/(Asset) <br />Current Healthcare Cost <br />Trend Rates <br />$4,591,354 <br />1% Increase <br />$6,381,026 <br />E. OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB <br />For the year ended June 30, 2018, the City recognized OPEB expense of $1,150,192. At June 30, 2018, the <br />City reported deferred outflows and inflows of resources related to OPEB from the following sources: <br />Changes of assumptions <br />Net differences between projected and actual earnings on <br />plan investments <br />Total <br />Deferred Outflows Deferred Inflows <br />of Resources of Resources <br />$ 364,464 $ <br />193,162 <br />$ 557,626 $ ====== <br />The deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized as <br />part ofOPEB expense as follows: <br />Year <br />Ended June 30 <br />2019 <br />2020 <br />2021 <br />2022 <br />2023 <br />Total <br />Annual <br />Amortization <br />$ 124,220 <br />124,220 <br />124,220 <br />124,222 <br />60 744 <br />$ 557,626 <br />I NOTE 15 -JOINTLY GOVERNED ORGANIZATIONS I <br />The City of San Leandro participates in the East Bay Dischargers Authority established on February 15, <br />1974. The Agency Members of the Joint Powers are the City of Hayward, City of San Leandro, Oro <br />Loma Sanitary District, Castro Valley Sanitary District, and Union Sanity District. The authority has the <br />powers to plan for, acquire, construct, manage, maintain, operate, and control facilities for the collection, <br />transmission, treatment, reclamation, sale and disposal of waste water. No debt, liability, or obligation of <br />the Authority shall constitute a debt, liability or obligation of any Agency. <br />84 549