KENTUCKY STATE UNIVERSITY
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2024
Deferred Outflows and Deferred Inflows (Continued)
Deferred inflows and outflows as of the Measurement Date include:
| Deferred Outflows of Resources | Deferred Inflows of Resources |
|---|
| Nonhazardous: | | |
| Difference Between Expected and Actual Experience | $- | $2,205,711 |
| Changes of Assumptions | 158,704 | 179,048 |
| Changes in Proportion and Differences Between Employer Contributions and Proportionate Share of Contributions | 109,224 | 1,193,632 |
| Difference Between Expected and Actual Investment Earnings on Plan Investments | 295 | - |
| Contributions Subsequent to the Measurement Date | 259,946 | - |
| Total | $528,169 | $3,578,391 |
| Hazardous: | | |
| Difference Between Expected and Actual Experience | $2,931 | $146,019 |
| Changes of Assumptions | 19,952 | 23,727 |
| Changes in Proportion and Differences Between Employer Contributions and Proportionate Share of Contributions | 9,535 | 12,578 |
| Difference Between Expected and Actual Investment Earnings on Plan Investments | - | 4,957 |
| Contributions Subsequent to the Measurement Date | 587 | - |
| Total | $33,005 | $187,281 |
Deferred outflows of resources resulting from employer contributions subsequent to the measurement date of $260,533, which excludes the implicit subsidy reported of $56,149, will be recognized as a reduction of net OPEB expense in the year ending June 30, 2025.
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, | Nonhazardous | Hazardous |
|---|
| 2025 | $ (1,568,591) | $ (41,530) |
| 2026 | (1,286,656) | (52,741) |
| 2027 | (435,890) | (37,834) |
| 2028 | (19,031) | (22,758) |
| Total | $ (3,310,168) | $ (154,863) |
(56)