Sarasota County, Florida Notes to Financial Statements September 30, 2024 Sensitivity of the total Net OPEB liability (asset) to changes in the discount rate The following presents the Net OPEB Liability (Asset) of the County, as well as what the County’s Net OPEB Liability (Asset) would be if it were calculated using a discount rate that is one percentage-point lower or one percentage-point higher than the current discount rate. The following presents the Sheriff’s plan total OPEB liability, calculated using a discount rate of 3.81%, as well as what the plan’s total OPEB liability would be if it were calculated using a discount rate that is one percent lower or one percent higher. Sensitivity of the total Net OPEB liability (asset) to changes in the healthcare cost trend rates The following presents the Net OPEB Liability (Asset) of the County, as well as what the County’s Net OPEB Liability would be if it were calculated using healthcare cost trend rates that are one percentage-point lower or one percentage-point higher that the current healthcare cost trend rates. Regarding the sensitivity of the total OPEB liability to changes in the healthcare cost trend rates, the following presents the Sheriff’s plan total OPEB liability, calculated using the assumed trend rates as well as what the plan’s total OPEB liability would be if it were calculated using a trend rate that is one percent lower or one percent higher: 1% Decrease Discount Rate 1% Increase 6.00% 7.00% 8.00% Net OPEB Liability/(Asset) $ (2,104,827) (3,162,484) $ (2,755,158) $ 1% Decrease Discount Rate 1% Increase 2.81% 3.81% 4.81% Total OPEB Liability/(Asset) $ 14,182,508 $ 13,156,376 $ 12,222,446 1% Decrease Trend Rate 1% Increase 3.00%-6.00% 4.00%-7.00% 5.00%-8.00% Net OPEB Liability/(Asset) (2,778,214) $ $ (3,162,484) (2,062,514) $ Healthcare Cost Trend Rate 1% Decrease Trend Rate 1% Increase Total OPEB Liability/(Asset) $ 11,647,795 $ 13,156,376 $ 14,983,037 Healthcare Cost Trend Rate 155
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