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I W-MarAl 1 -- <br />Notes to the Financial Statements <br />June 30, 2020 <br />E. Retirement Enhancement Pension Plan (continued) <br />As of the start of the measurement period (July 11 2018), the District's total pension liability <br />was $5,019,718. For the measurement period ending June 30, 2019 (the measurement date), <br />the District incurred a pension expense/(revenue) of ($16,113). A complete breakdown of the <br />pension expense/(revenue) is as follows: <br />Description <br />Service cost <br />Interest on Total Pension Liability <br />Recognized changes of assumptions <br />Recognized differences between <br />expected and actual experience <br />Projected earnings on pension plan investments <br />Recognized differences between projected <br />and actual earnings on plan investments <br />Administrative expense <br />Total pension expense <br />Amount <br />741003 <br />181,199 <br />(172)447) <br />(19,641) <br />(96,227) <br />(25,311) <br />42) 311 <br />(16,113), <br />As of June 30, 2020, the District has deferred outflows and deferred inflows of resources <br />related to pensions as follows: <br />Deferred Deferred <br />outflows of inflows of <br />resources resources <br />Pension contributions subsequent to measurement date <br />Changes of assumptions 742,775 <br />Net differences between projected and actual earnings <br />on pension plan investments 101,242 <br />Differences between expected and actual experiences 84,599 <br />Total <br />928,616 <br />These amounts are net of outflows and inflows recognized in the 2019/20 measurement <br />period expense. Contributions subsequent to the measurement date of $0 reported with <br />deferred outflows of resources will be recognized as a reduction of the net pension liability in <br />the upcoming fiscal year. <br />55 <br />