Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions, continued
For the years ended June 30, 2016, and 2015 the University recognized pension expense of $1,408,369 and $3,184,443. The University reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:
| 2016 Deferred Outflows of Resources | 2016 Deferred Inflows of Resources | |
|---|---|---|
| Differences between expected and actual experience | $- | $698,257 |
| Changes in assumptions | 3,925,962 | 617,415 |
| Net difference between projected and actual earnings on pension plan investments | - | 1,611,765 |
| Changes in proportion and differences between University contributions and proportionate share of contributions | - | 6,375,291 |
| University contributions subsequent to the measurement date | 2,183,786 | - |
| Total | $6,109,748 | $9,302,728 |
| 2015 Deferred Outflows of Resources | 2015 Deferred Inflows of Resources | |
| Differences between expected and actual experience | $- | $- |
| Changes in assumptions | - | 879,356 |
| Net difference between projected and actual earnings on pension plan investments | - | 3,918,049 |
| Changes in proportion and differences between University contributions and proportionate share of contributions | - | - |
| University contributions subsequent to the measurement date | 2,436,799 | - |
| Total | $2,436,799 | $4,797,405 |