Sarasota County Comprehensive Annual Financial Report 2020

Sarasota County, Florida Notes to Financial Statements September 30, 2020 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. Discount Rate 1% Decrease Baseline 7.00% 1% Increase Net OPEB Liability/(Asset) $ (3,402,494) $ (3,657,947) $ (3,867,367) The following presents the Sheriff’s plan total OPEB liability, calculated using a discount rate of 2.41%, 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. Discount Rate 1% Decrease Baseline 2.41% 1% Increase Total OPEB Liability/(Asset) $ 10,105,323 $ 9,295,695 $ 8,576,021 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. Healthcare Cost Trend Rate Current Trend 1% Decrease Rate 1% Increase Net OPEB Liability/(Asset) $ (3,949,231) $ (3,657,947) $ (3,299,768) 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: Healthcare Cost Trend Rate 1% Decrease Current Trend Rate 1% Increase Total OPEB Liability/(Asset) $ 8,111,004 $ 9,295,695 $ 10,775,777 140