b'Capital Region Airport Commission NOTES TO FINANCIAL STATEMENTS June 30, 2025 and 2024 Note 8.PENSION PLAN (continued) Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions (continued) For the year ended June 30, 2024, the Commission recognized pension expense of $190,495. At June 30, 2024, the Commission reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Outflows Deferred Inflowsof Resources of ResourcesDifferences between expected and actual experience $ 78,427 $53,050Change in assumptions - -Net difference between projected and actualearnings on pension plan investments- 694,589Employer contributions subsequent to themeasurement date 1,000,005 -Total $ 1,078,432 $747,639$1,393,251 and $1,000,005 reported as deferred outflows of resources related to pensions resulting from the Commissions contributions subsequent to the measurement date will be recognized as a reduction of the Net Pension Liability in the fiscal years ended June 30, 2026 and June 30, 2025, respectively. Other amountsreportedasdeferredoutflowsofresourcesanddeferredinflowsofresourcesrelatedto pensions will be recognized in pension expense in future reporting periods as follows: Year ended June 30 2025 Year ended June 30 20242026 $(144,667) 2025 $(472,262)2027 370,145 2026(847,914)2028(243,681) 2027 627,5432029(267,102) 2028 23,4212030 2029 Thereafter Thereafter Pension Plan Data Information about the VRS Political Subdivision Retirement Plan is also available in the separately issued VRS 2024 Annual Comprehensive Financial Report (Annual Report).A copy of the 2024 VRS Annual Report may be downloaded from the VRS website at https://www.varetire.org/Pdf/ Publications/2024-annual-report.pdf, or by writing to the Systems Chief Financial Officer at P.O. Box 2500, Richmond, VA 23218-2500. 49'