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CITY OF PARIS, TEXAS <br />Notes to Financial Statements (Continued) <br />September 30, 2022 <br />IV. Detailed Notes on All Activities and Funds (Continued) <br />F. Employee Retirement Systems and Plans (Continued) <br />1. Texas Municipal Retirement System (Continued) <br />Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to <br />Pensions <br />For the year ended September 30, 2022, the City recognized pension expense of $(1,066,678). <br />At September 30, 2022, the City reported deferred outflows of resources and deferred inflows of resources <br />related to pensions from the following sources: <br />Difference Between Expected and Actual Economic Experience <br />(Net of Current Year Amortization) <br />Changes in Actuarial Assumptions <br />Differences Between Projected and Actual Investment Earnings <br />(Net of Current Year Amortization) <br />Contributions Subsequent to the Measurement Date <br />Total <br />Deferred Outflows <br />of Resources <br />693,908 <br />Deferred Inflows <br />of Resources <br />$ 682,671 <br />17,194 <br />4,574,605 <br />$ 693,908 $ 5,274,470 <br />$693,908 reported as deferred outflows of resources, related to pensions resulting from contributions <br />subsequent to the measurement date, will be recognized as a reduction of the net pension liability for the year <br />ending September 30, 2022. Other amounts reported as deferred outflows and inflows of resources related to <br />pensions, will be recognized in pension expense as follows: <br />Fiscal Year Ended September 30, <br />2023 <br />$ (1,168,232) <br />2024 <br />(2,257,737) <br />2025 <br />(991,954) <br />2026 <br />(856,547) <br />2027 <br />- <br />Thereafter <br />- <br />$ (5,274,470) <br />53 <br />