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<br /> <br />City of Orono, Minnesota <br />Required Supplementary Information (Continued) <br />For the Year Ended December 31, 2021 <br /> <br />Schedule of Changes in the City’s Total OPEB Liability and Related Ratios <br /> <br />2021 2020 2019 2018 <br />Total OPEB Liability <br />Service cost 101,612$ 87,721$ 90,925$ 82,950$ <br />Interest 27,156 38,684 31,294 30,294 <br />Differences between expected and actual experience (413) (179,406) - - <br />Changes in assumptions 53,610 114,403 (49,156) 23,193 <br />Benefit payments (29,318) (30,694) (36,813) (35,472) <br />Net Change in Total OPEB Liability 152,647 30,708 36,250 100,965 <br />Total OPEB Liability - Beginning 904,145 873,437 837,187 736,222 <br />Total OPEB Liability - Ending 1,056,792$ 904,145$ 873,437$ 837,187$ <br />Covered Payroll 4,400,000$ 4,200,000$ 4,000,000$ 3,900,000$ <br />City's total OPEB liability as a percentage of <br />covered payroll 24.02 % 21.53 % 21.84 % 21.47 % <br /> Note: Schedule is intended to show 10-year trend. Additional years will be reported as they become available. <br /> <br /> DRAFT <br />90