28.02.2019 Views

RVCC 2019 NECHE Self-Study

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Sensitivity Analysis<br />

The following presents CCSNH’s proportionate share of the net OPEB liability calculated using the<br />

discount rate of 3.58%, as well as what CCSNH’s proportionate share of the OPEB liability would<br />

be if it were calculated using a discount rate that is 1-percentage-point lower or 1-percentagepoint<br />

higher than the current rate:<br />

1% Decrease<br />

Current<br />

Discount Rate<br />

1% Increase<br />

CCSNH's proportionate share of the net<br />

OPEB liability $ 126,794,800 $ 110,713,469 $ 96,978,044<br />

The following presents CCSNH’s proportionate share of the net OPEB liability calculated using the<br />

current trend rates, as well as what CCSNH’s proportionate share of the OPEB liability would be if it<br />

were calculated using healthcare cost trend rates that are 1-percentage-point lower or 1-<br />

percentage-point higher than the current rates:<br />

1% Decrease<br />

Current<br />

Trend Rate<br />

1% Increase<br />

CCSNH's proportionate share of the net<br />

OPEB liability $ 95,264,012 $ 110,713,469 $ 130,459,490<br />

9. Contingencies and Commitments<br />

Operating Lease Obligations<br />

CCSNH leases certain equipment and real estate under leases with terms exceeding one year.<br />

Future minimum lease payments under non-cancelable operating leases (with initial or remaining<br />

lease terms in excess of one year) as of June 30, 2018 are as follows:<br />

Year ending June 30,<br />

<strong>2019</strong> $ 739,700<br />

2020 712,000<br />

2021 383,300<br />

2022 206,200<br />

2023 182,700<br />

2024 to 2028 833,600<br />

2029 to 2033 833,600<br />

2034 to 2038 833,600<br />

2039 to 2043 833,600<br />

2044 to 2048 833,600<br />

2049 to 2053 833,600<br />

2054 to 2057 666,880<br />

$ 7,892,380<br />

250 | P a g e

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!