{ "document_id": 16528, "page": 42, "width_pt": 612, "height_pt": 792, "rotation": 0, "pipeline_version": "paddleocr-vl-1.6+paul-48", "engine": "paddleocr_vl", "source_run_id": 16639, "item_count": 51, "counts_by_type": { "footer": 1, "heading": 2, "table": 1, "table_cell": 42, "text": 4, "title": 1 }, "build_ms": 8, "items": [ { "id": "p42.1", "order": 1, "type": "title", "bbox": { "l": 206.16, "t": 756.24, "r": 405.6, "b": 717.6 }, "text": "KENTUCKY STATE UNIVERSITY\nNOTES TO FINANCIAL STATEMENTS\nJUNE 30, 2024", "attrs": { "block_label": "doc_title" }, "level": 2 }, { "id": "p42.2", "order": 2, "type": "heading", "bbox": { "l": 51.36, "t": 674.64, "r": 375.84, "b": 660.96 }, "text": "NOTE 8 DEFINED BENEFIT PENSION PLANS (CONTINUED)", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p42.3", "order": 3, "type": "heading", "bbox": { "l": 104.88, "t": 649.68, "r": 507.36, "b": 636.48 }, "text": "Kentucky Employees' Retirement System - Defined Benefit Plan (Continued)", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p42.4", "order": 4, "type": "text", "bbox": { "l": 123.6, "t": 634.08, "r": 558.72, "b": 607.68 }, "text": "Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions" }, { "id": "p42.5", "order": 5, "type": "text", "bbox": { "l": 122.88, "t": 605.28, "r": 558.96, "b": 579.12 }, "text": "At June 30, 2024, the University reported a liability of $28,612,584 for its proportionate share of the nonhazardous net pension liability and $359,175 for hazardous." }, { "id": "p42.6", "order": 6, "type": "text", "bbox": { "l": 122.4, "t": 567.84, "r": 560.4, "b": 426.48 }, "text": "The net pension liability was measured as of June 30, 2023, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2022, rolled-forward for June 30, 2023. The University's proportionate share of the Nonhazardous net pension liability is 0.232269%, which is a decrease of 0.007269% from the prior year allocation of 0.239538%. The University's proportionate share of the Hazardous net pension liability is 0.084914%, which is an decrease of 0.028264% from the prior year allocation of 0.113178%. The net pension liability was allocated based upon the employers' allocation of amortization cost, as specified under the revised statutes and is further based upon their allocation of the normal cost portion of the required contribution, as allocated by actual salary for fiscal year ending June 30, 2023." }, { "id": "p42.7", "order": 7, "type": "text", "bbox": { "l": 123.36, "t": 415.92, "r": 560.64, "b": 351.36 }, "text": "For the year ended June 30, 2024, the University's actuarially calculated reduction to pension expense was $831,725 for nonhazardous and a decrease of pension expense of $1,147 for hazardous. At June 30, 2024, the University reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:" }, { "id": "p42.8", "order": 8, "type": "table", "bbox": { "l": 126.24, "t": 339.84, "r": 524.4, "b": 66.72 }, "text": "", "attrs": { "block_label": "table", "n_rows": 14, "n_cols": 3, "integrity": { "cells_checked": 33, "cells_flagged": 0 } }, "children": [ { "id": "p42.8.1", "order": 9, "type": "table_cell", "bbox": { "l": 126.24, "t": 339.84, "r": 258.96, "b": 322.77 }, "text": "", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1 } }, { "id": "p42.8.2", "order": 10, "type": "table_cell", "bbox": { "l": 381.600098, "t": 338.978382, "r": 423.921558, "b": 308.113835 }, "text": "Deferred Outflows of Resources", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "column_header": true, "header_source": "heuristic" } }, { "id": "p42.8.3", "order": 11, "type": "table_cell", "bbox": { "l": 467.558204, 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