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City of Orono, Minnesota <br />Required Supplementary Information (Continued) <br />For the Year Ended December 31, 2022 <br />Schedule of Changes in the City’s Total OPEB Liability and Related Ratios <br />2022 2021 2020 2019 <br />Total OPEB Liability <br />Service cost 118,604$ 101,611$ 87,721$ 90,925$ <br />Interest 24,704 27,156 38,684 31,294 <br />Differences between expected and actual experience 405,645 (413) (179,406) - <br />Changes in assumptions (344,599) 53,610 114,403 (49,156) <br />Benefit payments (20,145) (29,318) (30,694) (36,813) <br />Net Change in Total OPEB Liability 184,209 152,646 30,708 36,250 <br />Total OPEB Liability - Beginning 1,056,791 904,145 873,437 837,187 <br />Total OPEB Liability - Ending 1,241,000$ 1,056,791$ 904,145$ 873,437$ <br />Covered Payroll 4,900,000.00$ 4,400,000$ 4,200,000$ 4,000,000$ <br />City's total OPEB liability as a percentage of <br />covered payroll 25.33 % 24.02 % 21.53 % 21.84 % <br />Note: Schedule is intended to show 10-year trend. Additional years will be reported as they become available. <br />92 138