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Notes to the Financial Statements <br />June 30, 2020 <br />OPEB expense and deferred outflows/inflows of resources related to OPEB <br />For the fiscal year ended June 30, 2020, the District recognized OPEB expense/(revenue) of <br />($74,906). A complete breakdown of the OPEB expense is as follows: <br />Description Amount <br />Service cost <br />$211,498 <br />Interest on Total OPEB Liability <br />229,949 <br />Recognized changes of assumptions <br />(348,577) <br />Recognized differences between <br />expected and actual experience <br />(21,215) <br />Projected earnings on pension plan investments <br />(138,291) <br />Recognized differences between projected <br />and actual earnings on plan investments <br />(10,668) <br />Administrative expense <br />2,398 <br />Total pension expense $(74,906) <br />As of fiscal year June 30, 2020, the District reported deferred outflows of resources related to <br />OPEB from the following sources: <br />OPEB contributions subsequent to measurement date <br />Differences between expected and actual experience <br />Changes of assumptions <br />Net difference between porJected and actual earnings <br />Total <br />Deferred Deferred <br />outflows of inflows of <br />resources resources <br />147,488 <br />1277194 <br />- 212691626 <br />42-673 <br />147,488 $ 2,439,493 <br />These amounts above are net of outflows and inflows recognized in the 2019-20 <br />measurement period expense. Contributions subsequent to the measurement date of <br />$147,488 reported with deferred outflows of resources will be recognized as a reduction of <br />the net OPEB liability in the upcoming fiscal year. <br />a <br />