KENTUCKY STATE UNIVERSITY NOTES TO FINANCIAL STATEMENTS June 30, 2020
NOTE 10 - OTHER POSTEMPLOYMENT BENEFITS PLANS (OPEB) (Continued)
Non-hazardous
Deferred Outflows of ResourcesDeferred Inflows of Resources
Difference between expected and actual experience$-$1,056,325
Change of assumptions868,48919,920
Changes in proportion and differences between employer contributions and proportionate shares of contributions1,158,354246,124
Differences between expected and actual investment earning on plan investments28,04771,481
Contributions subsequent to the measurement date394,051-
Total$2,448,941$1,393,850
Deferred outflows of resources resulting from employer contributions subsequent to the measurement date of $394,051, which include the implicit subsidy reported of $79,830, will be recognized as a reduction of net OPEB liability in the year ending June 30, 2020. The remainder of the deferred outflows and deferred inflows of resources are amortized over three to five years with remaining amortization as follows:
Year ending June 30:
2021 $ 225,381
2022 225,381
2023 30,997
2024 179,283
$ 661,041
Hazardous
Deferred Outflows of Resources Deferred Inflows of Resources
Difference between expected and actual experience - 34,419
Change of assumptions 52,700 286
Changes in proportion and differences between employer contributions and proportionate share of plan contributions 37,917 46,395
Differences between expected and actual investment earning on plan investments 2,097 13,266
Contributions subsequent to the measurement date 6,643 -
Total $ 99,357 $ 94,366
(Continued)
33.