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CITY OF SAN LEANDRO
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />For The Year Ended June 30, 2019
<br />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 1 -percentage -point lower or 1 -
<br />percentage -point higher than the current healthcare cost trend rates (6.3% in 2021, trending down to 4.0% in
<br />2076):
<br />Net OPEB Liability/(Asset)
<br />1% Decrease Current Healthcare Cost 1% Increase
<br />Trend Rates
<br />3,428,134
<br />6,077,481 $ 9,378,932
<br />E. OPEB Expense and Deferred Ouoowsl7nflows of Resources Related to OPEB
<br />For the year ended June 30, 2019, the City recognized OPEB expense of $1,547,922. At June 30, 2019, the
<br />City reported deferred outflows and inflows of resources related to OPEB from the following sources:
<br />Deferred Outflows Deferred Inflows
<br />of Resources of Resources
<br />Changes of assumptions $ 1,940,059 $
<br />Differences between expected and actual experience 1,061,867
<br />Net differences between projected and actual earnings on
<br />plan investments 2,365
<br />Total $ 3,004,291 $
<br />The deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized as
<br />part of OPEB expense as follows:
<br />Year
<br />Annual
<br />Ended June 30
<br />Amortization
<br />2020
<br />$ 620,630
<br />2021
<br />620,630
<br />2022
<br />620,632
<br />2023
<br />557,155
<br />2024
<br />585,244
<br />Total
<br />$ 3,004,291
<br />NOTE 15 — JOINTLY GOVERNED ORGANIZATIONS
<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.
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