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CITY OF SAN LEANDRO <br />NOTES TO BASIC FINANCIAL STATEMENTS <br />For The Year Ended June 30, 2024 <br /> <br /> <br />NOTE 16 – OTHER POST EMPLOYMENT BENEFITS (Continued) <br /> <br />E. OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB <br /> <br />For the year ended June 30, 2024, the City recognized OPEB expense of $1,391,384. At June 30, 2024, the <br />City reported deferred outflows and inflows of resources related to OPEB from the following sources: <br /> <br />Deferred Outflows Deferred Inflows <br />of Resources of Resources <br />Changes of assumptions 716,071$ (1,441,655)$ <br />Differences between expected and actual experience 20,822 (2,422,700) <br />Net differences between projected and actual earnings on <br />plan investments 474,500 - <br />Total 1,211,393$ (3,864,355)$ <br /> <br /> <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 /> <br />Year Annual <br />Ended June 30 Amortization <br />2025 (399,567)$ <br />2026 (113,425) <br />2027 (864,177) <br />2028 (631,215) <br />2029 (402,866) <br />Thereafter (241,712) <br />Total (2,652,962)$ <br /> <br />NOTE 17 – JOINTLY GOVERNED ORGANIZATIONS <br /> <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 /> <br />The Authority is governed by the East Bay Dischargers Commission (Commission). The Commission <br />consists of five members, one from each Agency. The ownership of the Joint Facilities is as follows: <br />13.74% City of San Leandro; 29.44% Oro Loma/Castro Valley; 14.72% City of Hayward; and 42.10% <br />Union Sanitary District. The City’s share of the expenses are recorded as expenses of the Water Pollution <br />Control Fund. <br /> <br />89