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Bluff County's schedule of changes in net pension llability 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. Total pension liability Service cost Interest BLUFF COUNTY EMPLOYEE RETIREMENT SYSTEM Schedule of Changes in the County's Net Pension Liability and Related Ratios Last Three Fiscal Years Differences between expected and actual experience Benefit payments (including refunds of employee contributions) Net change in total pension liability Total pension liability, beginning Total pension liability, ending Plan fiduciary net position Contributions-employee Contributions-employer Net investment income Benefit payments (including refunds of employee contributions) Administrative expenses Net change in plan fiduciary net position Plan fiduciary net position, beginning Plan fiduciary net position, ending Net pension liability, ending Plan fiduciary net position as a percentage of total pension liability Covered payroll Net pension liability as a percentage of covered payroll $ 2023 123,225 1,250 (248,000) 66,205 2,083,715 32,450 $ 98,620 18,990 (64,500) (3,290) 1,220,490 929,430 % $ 185.09 % 2022 125,440 182,580 (850) 75,590 36,240 102,530 (42,780) (3,110) 80,500 54.62 % 194.86 % $ $ 2021 127,950 169,960 625 (217,960) 1,927,550 91,550 (21,510) (51,330) (2,840) 1,011,680 1,057,720 52.67 % 489,810 %

Bluff County's schedule of changes in net pension llability 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. Total pension liability Service cost Interest BLUFF COUNTY EMPLOYEE RETIREMENT SYSTEM Schedule of Changes in the County's Net Pension Liability and Related Ratios Last Three Fiscal Years Differences between expected and actual experience Benefit payments (including refunds of employee contributions) Net change in total pension liability Total pension liability, beginning Total pension liability, ending Plan fiduciary net position Contributions-employee Contributions-employer Net investment income Benefit payments (including refunds of employee contributions) Administrative expenses Net change in plan fiduciary net position Plan fiduciary net position, beginning Plan fiduciary net position, ending Net pension liability, ending Plan fiduciary net position as a percentage of total pension liability Covered payroll Net pension liability as a percentage of covered payroll $ 2023 123,225 1,250 (248,000) 66,205 2,083,715 32,450 $ 98,620 18,990 (64,500) (3,290) 1,220,490 929,430 % $ 185.09 % 2022 125,440 182,580 (850) 75,590 36,240 102,530 (42,780) (3,110) 80,500 54.62 % 194.86 % $ $ 2021 127,950 169,960 625 (217,960) 1,927,550 91,550 (21,510) (51,330) (2,840) 1,011,680 1,057,720 52.67 % 489,810 %

FINANCIAL ACCOUNTING
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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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. Total pension liability Service cost Interest BLUFF COUNTY EMPLOYEE RETIREMENT SYSTEM Schedule of Changes in the County's Net Pension Liability and Related Ratios Last Three Fiscal Years Differences between expected and actual experience Benefit payments (including refunds of employee contributions) Net change in total pension liability Total pension liability, beginning Total pension liability, ending Plan fiduciary net position Contributions-employee Contributions-employer Net investment income Benefit payments (including refunds of employee contributions) Administrative expenses Net change in plan fiduciary net position Plan fiduciary net position, beginning Plan fiduciary net position, ending Net pension liability, ending Plan fiduciary net position as a percentage of total pension liability Covered payroll Net pension liability as a percentage of covered payroll $ $ $ 2023 123,225 1,250 (248,000) 66,205 2,083,715 32,450 98,620 18,990 (64,500) (3,290) 1,220,490 929,430 % 185.09 % $ $ 2022 125,440 182,580 (850) 75,590 36,240 102,530 (42,780) (3,110) 80,500 54.62 % 194.86 % $ $ 69 2021 127,950 169,960 625 (217,960) 1,927,550 91,550 (21,510) (51,330) (2,840) 1,011,680 1,057,720 52.67 % 489,810 %
Transcribed Image Text: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. Total pension liability Service cost Interest BLUFF COUNTY EMPLOYEE RETIREMENT SYSTEM Schedule of Changes in the County's Net Pension Liability and Related Ratios Last Three Fiscal Years Differences between expected and actual experience Benefit payments (including refunds of employee contributions) Net change in total pension liability Total pension liability, beginning Total pension liability, ending Plan fiduciary net position Contributions-employee Contributions-employer Net investment income Benefit payments (including refunds of employee contributions) Administrative expenses Net change in plan fiduciary net position Plan fiduciary net position, beginning Plan fiduciary net position, ending Net pension liability, ending Plan fiduciary net position as a percentage of total pension liability Covered payroll Net pension liability as a percentage of covered payroll $ $ $ 2023 123,225 1,250 (248,000) 66,205 2,083,715 32,450 98,620 18,990 (64,500) (3,290) 1,220,490 929,430 % 185.09 % $ $ 2022 125,440 182,580 (850) 75,590 36,240 102,530 (42,780) (3,110) 80,500 54.62 % 194.86 % $ $ 69 2021 127,950 169,960 625 (217,960) 1,927,550 91,550 (21,510) (51,330) (2,840) 1,011,680 1,057,720 52.67 % 489,810 %
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