Sarasota County, Florida Notes to Financial Statements September 30, 2024 Aggregate OPEB expense and Deferred Outflows of Resources and Deferred Inflows of Resources related to OPEB For the year ended September 30, 2024, the County will recognize OPEB expense of $623,012. The Sheriff’s Plan will recognize OPEB expense of $1,361,062. Table below shows OPEB expense and sources of deferred outflows and deferred inflows of resources related to each plan. Sarasota County’s amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows: Sheriff’s amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows: Sarasota County Sheriff Total Plans Deferred Outflows of Resources: Difference between expected and actual experience $ 1,244,786 $ 2,259,937 $ 3,504,723 Changes in actuarial assumptions 710,970 - 710,970 Net difference between projected and actual earnings on OPEB plan investments 1,136,713 - 1,136,713 Changes in assumptions and other inputs - 2,173,894 2,173,894 Total $ 3,092,469 $ 4,433,831 $ 7,526,300 Deferred Inflows of Resources: Difference between actual and expected experience $ 1,744,107 - $ $ 1,744,107 Changes in actuarial assumptions 568,666 - 568,666 Changes in assumptions and other inputs - 1,839,360 1,839,360 $ 2,312,773 $ 1,839,360 $ 4,152,133 For the Year Ending September 30, 2025 $ 671,670 2026 515,024 2027 32,528 2028 (343,641) 2029 8,443 Thereafter (104,328) Total $ 779,696 For the Year Ending September 30, 2025 $ 337,188 2026 $ 337,188 2027 $ 337,188 2028 $ 337,188 2029 $ 313,273 Thereafter 932,446 Total $ 2,594,471 156
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