b'Capital Region Airport Commission NOTES TO FINANCIAL STATEMENTS June 30, 2025 and 2024 Note 12.VIRGINIA LOCAL DISABILITY PROGRAM (VLDP) (continued) Net VLDP OPEB Liability The net OPEB liability (NOL) for the Political Subdivision Employee VLDP represents the programs total OPEB liability determined in accordance with GASB Statement No. 74, less the associated fiduciary net position. As of June 30, 2024, NOL amounts for the VRS Political Subdivision Employee VLDP is as follows (amounts expressed in thousands): Political Subdivision VLDP OPEB PlanTotal Political Subdivision VLDP OPEB Liability $ 12,230Plan Fiduciary Net Position 15,837Political Subdivision VLDP net OPEB Liability (Asset) $(3,607)Plan Fiduciary Net Position as a Percentage of the Total Political Subdivision VLDP OPEB Liability 129.49%The total Political Subdivision Employee VLDP OPEB liability is calculated by the Systems actuary, and theplansfiduciarynetpositionisreportedintheSystemsfinancialstatements.ThenetPolitical Subdivision Employee VLDP OPEB liability is disclosed in accordance with the requirements of GASB StatementNo.74intheSystemsnotestothefinancialstatementsandrequiredsupplementary information. This space intentionally left blank. 78'