Bluff County's schedule of changes in net pension liability and related ratios is shown below. (Deductions should be indicated bya minus sign. Do not round intermediate calculations. Round percentage answers to 2 decimal places and other answers tonearest whole dollar.)RequiredCompute the missing amounts.Total pension liabilityService costInterestBLUFF COUNTY EMPLOYEE RETIREMENT SYSTEMSchedule of Changes in the County's Net Pension Liability and Related RatiosLast Three Fiscal Years2023Differences between expected and actual experienceBenefit payments (including refunds of employee contributions)Net change in total pension liabilityTotal pension liability, beginningTotal pension liability, endingPlan fiduciary net positionContributions employeeContributions-employerNet investment incomeBenefit payments (including refunds of employee contributions)Administrative expensesNet change in plan fiduciary net position20222021$123,345$125,680$130,350182,700172,3601,274(254,000)(910)685(219,160)66,80575,6502,084,9151,925,030$32,660$36,36098,890102,59091,67019,850(22,710)(64,890)(42,900)(51,930)(3,530)(3,230)(2,960)81,7001,023,6801,063,720Plan fiduciary net position, beginningPlan fiduciary net position, ending1,228,400Net pension liability, ending$923,320Plan fiduciary net position as a percentage of total pension liabilityCovered payroll%54.94 %52.94 %$495,810Net pension liability as a percentage of covered payroll197.09 %196.06 %%

Bluff County's schedule of changes in net pension liability and related ratios is shown below. (Deductions should be indicated by a minus sign. Do not round intermediate calculations. Round percentage answers to 2 decimal places and other answers to nearest whole dollar.) Required Compute the missing amounts. BLUFF COUNTY EMPLOYEE RETIREMENT SYSTEM Schedule of Changes in the County's Net Pension Liability and Related Ratios Last Three Fiscal Years

Bluff County's schedule of changes in net pension liability and related ratios is shown below. (Deductions should be indicated by a minus sign. Do not round intermediate calculations. Round percentage answers to 2 decimal places and other answers to nearest whole dollar.) Required Compute the missing amounts. BLUFF COUNTY EMPLOYEE RETIREMENT SYSTEM Schedule of Changes in the County's Net Pension Liability and Related Ratios Last Three Fiscal Years

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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