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Measurement of Total Pension Liability Actuarial Methods & Assumptions—The total pension liability has been determined by an actuarial valuation as of the measurement date. The following actuarial methods and assumptions applied to all periods included in the measurement: Valuation Date: January 1, 2025 Measurement Date: December 31, 2024 Actuarial Cost Method: Entry Age Normal Discount Rate: 4.28% Inflation Rate: 0.00% Salary Scale: Not applicable Mortality Rates: RP-2014 male/female without prjection for mortality improvement The discount rate is the yield to maturity of the S&P Municipal Bond 20 Year High Grade Rate Index as of the Valuation Date. In describing this index, S&P Dow Jones Indices notes that the index consists of bonds in the S&P Municipal Bond Index with a maturity of 20 years and with a rating of at least Aa2 by Moody’s Investors Service’s, AA by Fitch, or AA by Standard & Poor’s Rating Services. Changes of assumptions or other inputs 12/31/2023 12/31/2024 Discount Rate 4.00% 4.28% Changes in Total Pension Liability Total Pension Liability Balance as of 12/31/2023 measurement date $ 6,785,481 Changes for the year: Service Cost 166,347 Interest 270,156 Changes of assumptions of other inputs (218,709) Differences between expected and actual experience (113,855) Benefit payments (399,776) Net change in Total Pension Liability (295,837) Balance as of 12/31/2024 measurement date $ 6,489,644 - 99 -