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Net OPEB <br />OPEB Plan Liabili <br />Retiree Benefits Plan $42,713,299 <br />Deferred <br />Outflows of <br />Resources OPEB Expense <br />$6,874,118 $159,332 <br />Source: City of Santa Ana Annual Comprehensive Financial Reports for Fiscal Year ending June 30, 2023. <br />Membership in the health benefit plan consisted of the following on June 30, 2022, the date of the latest <br />actuarial valuation: <br />Number of <br />Participant Type Participants <br />Inactive participants currently receiving benefits 430 <br />Inactive participants entitled to but not yet receiving benefit payments 52 <br />Active plan member 625 <br />Total 1,107 <br />Source: City of Santa Ana Annual Comprehensive Financial Reports for Fiscal Year ending June 30, 2023. <br />The City's net OPEB liability as of June 30, 2023 was $42,713,299. The Authority's share of such net <br />liability is $2,956,433. <br />Additionally, the Water Department is responsible for $1,506,103 for compensated absences liability. <br />For additional details on the City's OPEB liability, see APPENDIX F — "COMPREHENSIVE AUDITED <br />FINANCIAL REPORT FOR FISCAL YEAR ENDED JUNE 30, 2023 (Note 4)." <br />Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions <br />about the probability of occurrence of events far into the future. Examples include assumptions about future <br />employment, mortality, and healthcare cost trends. Amounts determined regarding the funded status are subject <br />to continual revisions as actual results are compared with past expectations and new estimates are made about <br />the future. <br />A-7 <br />