Southtowns Record

3/10/26 Board Packet ​

Government
Village of Gowanda
Board
Village Board
Meeting
Mar 10, 2026
Kind
Agenda packet
Topics
Budget and taxes, Audits and oversight, Water, sewer and drainage, Public safety, Parks and recreation, Zoning and land use, Roads and traffic, Housing

Original document

Same meeting

Text · page 46 of 103

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Deferred Outflows  Deferred Inflows
  of Resources  of Resources
  PFRS  ERS  PFRS  ERS
  Differences between expected
  ;
  and actual experience  S$  124,206  97,135  -  4,582

  Change of assumptions  55,994  16,412  -  -

  Net difference between projected and
  actual earnings on pension plan
  investments  14,333  30,704  -  -

  Changes in proportion and differences
  between the Village's contributions and
  proprotionate share of contributions  ~  18,703  4,985  264,504  28,690

  Town's contributions subsequent to
  the measurement date  :  6,482  19,641  -  -

  Total  :  $  219,718  168, 877  264,504  33,272

Other amounts disclosed as deferred outflows of resources and deferred inflows
  of resources related to
pensions will be recognized in pension expense as follows:

  PFRS  ERS
  Year Ended:  .
  2026  $  28,494  59,039
  2027  (4,536)  95,846
  2028  (56,411)  (38,473)
  2029  (11,627)  .  (448)
  2030  (7,188)  -
  Thereafter  -  -

Actuarial Assumptions - The total pension liability as of the measurement
  date was determined by using
an actuarial valuation as noted in the table below, with update procedures
  used to roll forward the total
pension liability to the measurement date.  The actuarial valuations used the following actuarial
assumptions:

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