b'Capital Region Airport Commission NOTES TO FINANCIAL STATEMENTS June 30, 2025 and 2024Note 9.HEALTH INSURANCE CREDIT (HIC) PLAN (continued)HIC Plan OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to HIC Plan OPEB (continued)For the year ended June 30, 2024, the Commission recognized HIC Plan OPEB expense of $41,437. At June 30, 2024, the Commission reported deferred outflows of resources and deferred inflows of resources related to the Commissions HIC Plan from the following sources:Deferred Outflows Deferred Inflowsof Resources of ResourcesDifferences between expected and actual experience $ 44,634 $ 22,982Changes of assumptions 14,067 1,079Net difference between projected and actual earnings on HIC OPEB plan investments667 -Employer contributions subsequent to themeasurement date 42,009 -Total $ 101,377 $ 24,061 $48,304 and $42,009 reported as deferred outflows of resources related to the HIC OPEB resulting from the Commissions contributions subsequent to the measurement date will be recognized as a reduction of the Net HIC OPEB Liability in the fiscal years ending June 30, 2026 and June 30, 2025. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to the HIC OPEB will be recognized in the HIC OPEB expense in future reporting periods as follows:Year Ended June 30 2025 Year Ended June 30 20242026 $ 7,503 2025 $ 18,4892027(6,321) 2026 13,7362028(3,382) 2027 (88)2029(3,875) 2028 2,8512030 - 2029319Thereafter - Thereafter -HIC Plan DataInformation about the VRS Political Subdivision HIC 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. 58'