Haysi County provides healthcare and vision benefits for retirees and their dependents through a defined benefit other postemployment benefits plan (Haysi County Retiree Benefits Plan-HCRBP). The HCRBP is a single-employer plan and the full cost of the benefits is covered by the plan. The HCRBP is administered through a trust and benefits are provided by a third-party insurer. The county's net OPEB liability was $9,366 and $12,218 at the beginning and end of the current fiscal year, respectively. During the current year:
• The County contributed $19,051 to the HCRBP from the General Fund.
• Actual earnings on the HCRBP were $15,000 more than expected.
• The County did not have any proprietary or fiduciary activities related to the HCRBP.
• None of the net OPEB liability is due and payable-either at the beginning or the end of the year, which is also the measurement date for the net OPEB liability. Also, there are not deferred outflows of resources or deferred inflows of resources balances from prior years.
Required
1. Prepare the General Fund entry to record the contributions payment to the HCRBP for the current year.
2. Prepare the GLTL entry to record the change in the County's net OPEB liability at year end and for related deferrals.
3. Calculate the amount of OPEB expense the county would report for governmental activities in its government-wide statement of activities.