FY2016 CCDOA Financial Report as of 6302016.pdf - page 78

CLARK COUNTY DEPARTMENT OF AVIATION
CLARK COUNTY, NEVADA
Notes to Financial Statements
For the Fiscal Years Ended June 30, 2016 and 2015
65
Pension Expense, Deferred Outflows or Resources, and Deferred Inflows of Resources Related to
Pensions
As of June 30, 2015 and 2014, PERS reported deferred outflows of resources and deferred inflows of
resources related to pensions based on the following categories listed below. The amounts
presented below represent the Department’s respective amounts for the categories as of June 30,
2016 and 2015.
June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015
(000)
(000)
(000)
(000)
and actual experience *
-
$
-
$
10,738
$
6,235
$
-
-
-
-
and actual earnings on investments
-
-
7,733
27,369
between actual contributions and
proportionate share of contributions *
2,095
1,171
494
-
Contributions to PERS after measurement date
21,925
19,684
-
-
24,020
$
20,855
$
18,965
$
33,604
$
*Average of expected remaining services lives:
4.70-5.55 years
** Amortized over 5.0 years. Number of years remaining:
3.0-4.0 years
Net deferred outflows (inflows) of resources related to pension liability are projected to
be recognized as follows:
Future Impact
on Pension
Fiscal Year
(000)
2017
(5,426)
$
2018
(5,426)
2019
(5,426)
2020
1,416
2021
(1,516)
Thereafter
(492)
Changes in assumptions
Net difference between projected
Changes in proportion and differences
Deferred Outflows
Deferred Inflows
of Resources
of Resources
Category
Differences between expected
The contributions to PERS after the measurement date are deferred and will be applied against the
net pension liability in FY 2017.
1...,68,69,70,71,72,73,74,75,76,77 79,80,81,82,83,84,85,86,87,88,...169
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