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NOTE 11— OTHER POST -EMPLOYMENT BENEFITS (OPEB) PLAN (CONTINUED) <br />The following presents the total OPEB liability of the City, as well as what the City's total 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: <br />1% Decrease in Healthcare Cost Trend 1% Increase in <br />Healthcare Cost Trend Rate Rate Healthcare Cost Trend Rate <br />6.67% decreasing to <br />OPEB healthcare trend rate 4.00% over 10 years <br />7.67% decreasing to 8.67% decreasing to <br />5.00% over 10 years 6.00% over 10 years <br />Total OPEB liability $ 395,223 $ 461,540 $ 541,695 <br />I. OPEB Expense and Related Deferred Outflow of Resources and Deferred Inflows of Resources <br />For the current year ended, the City recognized OPEB expense of $52,741. As of year-end, the City <br />reported deferred outflows of resources and deferred inflows of resources related to OPEB from the <br />following sources: <br />Differences between expected and actual experience <br />Changes of assumptions <br />City contributions subsequent to the measurement date <br />Total <br />Deferred Deferred <br />Outflows of Inflows of <br />Resources Resources <br />$ $ 332,402 <br />56,173 33,431 <br />9,111 <br />$ 65,284 $ 365,833 <br />A total of $9,111 reported as deferred outflows of resources related to OPEB resulting from city <br />contributions subsequent to the measurement date will be recognized as a reduction of the total OPEB <br />liability in the year ending December 31, 2021. Other amounts reported as deferred outflows of resources <br />and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows: <br />June 30, Amount <br />2021 (34,038) <br />2022 (34,038) <br />2023 (34,038) <br />2024 (34,038) <br />2025 (34,038) <br />Thereafter (139,470) <br />Total $ (309,660) <br />91 <br />