{ "document_id": 16537, "page": 50, "width_pt": 612, "height_pt": 792, "rotation": 0, "pipeline_version": "paddleocr-vl-1.6+paul-48", "engine": "paddleocr_vl", "source_run_id": 16648, "item_count": 44, "counts_by_type": { "footer": 2, "heading": 1, "table": 3, "table_cell": 34, "text": 3, "title": 1 }, "build_ms": 8, "items": [ { "id": "p50.1", "order": 1, "type": "title", "bbox": { "l": 215.52, "t": 763.68, "r": 395.76, "b": 728.4 }, "text": "KENTUCKY STATE UNIVERSITY\nNOTES TO FINANCIAL STATEMENTS\nJune 30, 2018", "attrs": { "block_label": "doc_title" }, "level": 2 }, { "id": "p50.2", "order": 2, "type": "heading", "bbox": { "l": 69.6, "t": 693.6, "r": 435.6, "b": 679.92 }, "text": "NOTE 9 - OTHER POSTEMPLOYMENT BENEFITS PLANS (OPEB) (Continued)", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p50.3", "order": 3, "type": "text", "bbox": { "l": 69.6, "t": 670.08, "r": 542.16, "b": 633.6 }, "text": "For the year ended June 30, 2018, the University recognized OPEB expense of $377,000 and revenue of $171,000 for support provided by the State. At June 30, 2018, the University reported deferred outflows of resources and deferred inflows of resources related to OPEBs from the following sources:" }, { "id": "p50.4", "order": 4, "type": "table", "bbox": { "l": 85.44, "t": 624.96, "r": 539.802276, "b": 529.68 }, "text": "", "attrs": { "block_label": "table", "n_rows": 4, "n_cols": 3, "integrity": { "cells_checked": 9, "cells_flagged": 0 } }, "children": [ { "id": "p50.4.1", "order": 5, "type": "table_cell", "bbox": { "l": 85.44, "t": 624.96, "r": 236.88, "b": 601.14 }, "text": "", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1 } }, { "id": "p50.4.2", "order": 6, "type": "table_cell", "bbox": { "l": 378.24012, "t": 621.52896, "r": 458.689032, "b": 600.81828 }, "text": "Deferred Outflows of Resources", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "column_header": true, "header_source": "heuristic" } }, { "id": "p50.4.3", "order": 7, "type": "table_cell", "bbox": { "l": 467.15304, "t": 621.52896, "r": 539.802276, "b": 600.81828 }, "text": "Deferred Inflows of Resources", "attrs": { "row": 0, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true, "column_header": true, "header_source": "heuristic" } }, { "id": "p50.4.4", "order": 8, "type": "table_cell", "bbox": { "l": 89.99772, "t": 598.5112799999999, "r": 285.60714, "b": 577.7745600000001 }, "text": "Net difference between projected and actual earnings on OPEB plan investments", "attrs": { "row": 1, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p50.4.5", "order": 9, "type": "table_cell", "bbox": { "l": 236.88, "t": 601.14, "r": 388.32, "b": 577.32 }, "text": "$-", "attrs": { "row": 1, "col": 1, "rowspan": 1, "colspan": 1 } }, { "id": "p50.4.6", "order": 10, "type": "table_cell", "bbox": { "l": 500.38956, "t": 586.98756, "r": 530.881104, "b": 577.7745600000001 }, "text": "$ 60,000", "attrs": { "row": 1, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p50.4.7", "order": 11, "type": "table_cell", "bbox": { "l": 89.98776, "t": 575.46384, "r": 282.81336, "b": 554.85828 }, "text": "University's contributions subsequent to the measurement date", "attrs": { "row": 2, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p50.4.8", "order": 12, "type": "table_cell", "bbox": { "l": 413.877, "t": 564.07128, "r": 449.884392, "b": 554.85828 }, "text": "283,192", "attrs": { "row": 2, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p50.4.9", "order": 13, "type": "table_cell", "bbox": { "l": 388.32, "t": 577.32, "r": 539.76, "b": 553.5 }, "text": "-", "attrs": { "row": 2, "col": 2, "rowspan": 1, "colspan": 1 } }, { "id": "p50.4.10", "order": 14, "type": "table_cell", "bbox": { "l": 107.99544, "t": 541.03128, "r": 130.242096, "b": 531.81828 }, "text": "Total", "attrs": { "row": 3, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p50.4.11", "order": 15, "type": "table_cell", "bbox": { "l": 413.877, "t": 541.03128, "r": 449.884392, "b": 531.81828 }, "text": "$ 283,192", "attrs": { "row": 3, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p50.4.12", "order": 16, "type": "table_cell", "bbox": { "l": 500.39952, "t": 541.03128, "r": 530.891064, "b": 531.81828 }, "text": "$ 60,000", "attrs": { "row": 3, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true } } ] }, { "id": "p50.5", "order": 17, "type": "text", "bbox": { "l": 68.88, "t": 520.8, "r": 541.92, "b": 460.08 }, "text": "Of the total amount reported as deferred outflows of resources related to OPEB, $283,192 resulting from University contributions subsequent to the measurement date and before the end of the fiscal year will be included as a reduction of the collective net OPEB liability in the year ended June 30, 2019. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in the University's OPEB expense as follows:" }, { "id": "p50.6", "order": 18, "type": "table", "bbox": { "l": 141.6, "t": 452.16, "r": 454.8, "b": 393.36 }, "text": "", "attrs": { "block_label": "table", "n_rows": 2, "n_cols": 3, "integrity": { "cells_checked": 3, "cells_flagged": 0 } }, "children": [ { "id": "p50.6.1", "order": 19, "type": "table_cell", "bbox": { "l": 143.99088, "t": 448.96476, "r": 236.7384, "b": 439.75176 }, "text": "Year ended June 30:", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p50.6.2", "order": 20, "type": "table_cell", "bbox": { "l": 246, "t": 452.16, "r": 350.4, "b": 440.4 }, "text": "", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1 } }, { "id": "p50.6.3", "order": 21, "type": "table_cell", "bbox": { "l": 350.4, "t": 452.16, "r": 454.8, "b": 440.4 }, "text": "", "attrs": { "row": 0, "col": 2, "rowspan": 1, "colspan": 1 } }, { "id": "p50.6.4", "order": 22, "type": "table_cell", "bbox": { "l": 161.94876, "t": 437.56056, "r": 184.06992, "b": 393.7764 }, "text": "2019\n2020\n2021\n2022", "attrs": { "row": 1, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p50.6.5", "order": 23, "type": "table_cell", "bbox": { "l": 246, "t": 440.4, "r": 350.4, "b": 428.64 }, "text": "$", "attrs": { "row": 1, "col": 1, "rowspan": 1, "colspan": 1 } }, { "id": "p50.6.6", "order": 24, "type": "table_cell", "bbox": { "l": 416.10804, "t": 437.56056, "r": 453.285732, "b": 393.7764 }, "text": "(15,000)\n(15,000)\n(15,000)\n(15,000)", "attrs": { "row": 1, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } } ] }, { "id": "p50.7", "order": 25, "type": "text", "bbox": { "l": 70.08, "t": 382.32, "r": 541.2, "b": 357.12 }, "text": "Actuarial Assumptions - The total OPEB liability in the June 30, 2017 actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement:" }, { "id": "p50.8", "order": 26, "type": "table", "bbox": { "l": 104.4, "t": 350.64, "r": 536.4, "b": 153.12 }, "text": "", "attrs": { "block_label": "table", "n_rows": 8, "n_cols": 2, "integrity": { "cells_checked": 16, "cells_flagged": 1, "flags": [ { "row": 7, "col": 1, "coverage": 0, "text": "8.00%, net of OPEB plan investment expense, including infla…" } ] } }, "children": [ { "id": "p50.8.1", "order": 27, "type": "table_cell", "bbox": { "l": 107.9556, "t": 346.93452, "r": 216.789516, "b": 337.72152 }, "text": "Investment rate of return", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p50.8.2", "order": 28, "type": "table_cell", "bbox": { "l": 287.96268, "t": 346.93452, "r": 535.858116, "b": 326.31732 }, "text": "8.00%, net of OPEB plan investment expense, including inflation.", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p50.8.3", "order": 29, "type": "table_cell", "bbox": { "l": 107.88588, "t": 324.0066, "r": 227.802288, "b": 268.81823999999995 }, "text": "Projected salary increases\nInflation rate\nReal Wage Growth\nWage Inflation\nHealthcare cost trend rates", "attrs": { "row": 1, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p50.8.4", "order": 30, "type": "table_cell", "bbox": { "l": 287.89296, "t": 324.0066, "r": 429.069984, "b": 280.22244 }, "text": "3.50 – 7.20%, including inflation\n3.00%\n0.50%\n3.50%", "attrs": { "row": 1, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p50.8.5", "order": 31, "type": "table_cell", "bbox": { "l": 143.88132, "t": 266.50752, "r": 184.932456, "b": 257.29452000000003 }, "text": "Under 65", "attrs": { "row": 2, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p50.8.6", "order": 32, "type": "table_cell", "bbox": { "l": 287.883, "t": 266.50752, "r": 516.802644, "b": 245.7708 }, "text": "7.75% for FY 2017 decreasing to an ultimate rate of 5.00% by FY 2023", "attrs": { "row": 2, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p50.8.7", "order": 33, "type": "table_cell", "bbox": { "l": 143.88132, "t": 243.46007999999995, "r": 227.098116, "b": 234.24707999999998 }, "text": "Ages 65 and Older", "attrs": { "row": 3, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p50.8.8", "order": 34, "type": "table_cell", "bbox": { "l": 287.87304, "t": 243.46007999999995, "r": 516.792684, "b": 222.72335999999996 }, "text": "5.75% for FY 2017 decreasing to an ultimate rate of 5.00% by FY 2020", "attrs": { "row": 3, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p50.8.9", "order": 35, "type": "table_cell", "bbox": { "l": 143.87136, "t": 220.41264, "r": 263.433192, "b": 211.19964000000004 }, "text": "Medicare Part B Premiums", "attrs": { "row": 4, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p50.8.10", "order": 36, "type": "table_cell", "bbox": { "l": 287.87304, "t": 220.41264, "r": 519.128304, "b": 199.79543999999999 }, "text": "1.02% for FY 2017 with an ultimate rate of 5.00% by 2029", "attrs": { "row": 4, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p50.8.11", "order": 37, "type": "table_cell", "bbox": { "l": 107.87592, "t": 197.48472000000004, "r": 227.273412, "b": 188.27171999999996 }, "text": "Municipal Bond Index Rate", "attrs": { "row": 5, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p50.8.12", "order": 38, "type": "table_cell", "bbox": { "l": 287.87304, "t": 197.48472000000004, "r": 316.040916, "b": 188.27171999999996 }, "text": "3.56%", "attrs": { "row": 5, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p50.8.13", "order": 39, "type": "table_cell", "bbox": { "l": 107.86596, "t": 185.961, "r": 170.51436, "b": 176.74800000000005 }, "text": "Discount Rate", "attrs": { "row": 6, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p50.8.14", "order": 40, "type": "table_cell", "bbox": { "l": 287.84316, "t": 174.43728, "r": 318.804816, "b": 165.22428000000002 }, "text": "8.00%", "attrs": { "row": 6, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p50.8.15", "order": 41, "type": "table_cell", "bbox": { "l": 107.84604, "t": 174.43728, "r": 244.999224, "b": 165.22428000000002 }, "text": "Single Equivalent Interest Rate", "attrs": { "row": 7, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p50.8.16", "order": 42, "type": "table_cell", "bbox": { "l": 320.4, "t": 169.58, "r": 536.4, "b": 153.12 }, "text": "8.00%, net of OPEB plan investment expense, including inflation.", "attrs": { "row": 7, "col": 1, "rowspan": 1, "colspan": 1 } } ] }, { "id": "p50.9", "order": 43, "type": "footer", "bbox": { "l": 278.88, "t": 70.56, "r": 332.88, "b": 58.32 }, "text": "(Continued)", "attrs": { "block_label": "footer" } }, { "id": "p50.10", "order": 44, "type": "footer", "bbox": { "l": 525.12, "t": 47.04, "r": 538.56, "b": 36.24 }, "text": "48.", "attrs": { "block_label": "number" } } ], "excluded_furniture": { "first": [], "last": [] } }