The following pension plan information was assembled by the finance director for Dungannon County for the fiscal year ended June 30, 20X6, which is also the measurement date for the net pension liability. Dungannon County does not have any Enterprise or Fiduciary Funds. • Contributions to the pension plan from the General Fund for the year were $77,913. • The total pension liability measurement decreased by $39,750 during the year because of differences between expected and actual experience. • Pension plan investment income was $195,610 more than expected. • Average service life of plan participants is 10 years. • None of the net pension liability is due and payable-either at the beginning or the end of the year. There are not deferred outflows of resources or deferred inflows of resources balances from prior years. 1. Calculate the County s net pension liability at the beginning and end of the 20X6 year, as required well as the change in net pension liability for the fiscal year. 2. Prepare the General Fund entry to record the contributions payment to the pension plan for 20X6. 3. Prepare the GLTL entry to record the change in the County s net pension liability for 20X6 and for related deferrals. 4. Calculate the amount of pension expense the county would report for governmental activities in its government-wide statement of activities.
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