KENTUCKY STATE UNIVERSITY NOTES TO FINANCIAL STATEMENTS June 30, 2019
NOTE 10 - OTHER POSTEMPLOYMENT BENEFITS PLANS (OPEB) (Continued)
Non-hazardous
Deferred Outflows of ResourcesDeferred Inflows of Resources
Difference between expected and actual experience$-$352,459
Change of assumptions567,43320,400
Changes in proportion and differences between employer contributions and proportionate shares of contributions-333,416
Differences between expected and actual investment earning on plan investments-79,062
567,433785,337
Contributions subsequent to the measurement date423,759-
Total$991,192$785,337
Deferred outflows of resources resulting from employer contributions subsequent to the measurement date of $374,845, which include the implicit subsidy reported of $48,914, 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:
2020 $ (18,267)
2021 (18,267)
2022 (18,267)
2023 (163,103)
$ (217,904)
Difference between expected and actual experience - 50,226
Change of assumptions 113,364 910
Changes in proportion and differences between employer contributions and proportionate share of plan contributions - 57,104
Differences between expected and actual investment earnings on plan investments - 49,145
Hazardous
Deferred Outflows of Resources Deferred Inflows of Resources
Contributions subsequent to the measurement date 7,807 -
Total $ 121,171 $ 157,385
113,364 157,385
(Continued)
46.