For the year ended June 30, 2023, the County recognized pension expense (income) of ($790,023). At June 30, 2023, the County reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:
| Deferred Outflows of Resources | Deferred Inflows of Resources |
|---|
| Differences Between Expected and Actual Results | $ 853,648 | $ 112,883 |
| Changes of Assumptions | 6,245 | 511,703 |
| Net Difference Between Projected and Actual Earnings on IPERS' Investments | - | 1,045,233 |
| Changes in Proportion and Differences Between County Contributions and Proportionate Share of Contributions | 316,809 | 369,136 |
| County Contributions Subsequent to the Measurement Date | 2,243,764 | - |
| Total | $ 3,420,466 | $ 2,038,955 |
$2,243,764 reported as deferred outflows of resources related to pensions resulting from the County contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability (asset) in the year ended June 30, 2024. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows:
| Years Ended June 30, | Total |
|---|
| 2024 | $ (1,136,344) |
| 2025 | (787,527) |
| 2026 | (1,550,997) |
| 2027 | 2,653,000 |
| 2028 | (40,385) |
| $ (862,253) |
There were no non-employer contributing entities at IPERS.
47