Laserfiche WebLink
CITY OF ROSEVILLE <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2011 <br />NOTE 6 - INVESTMENT TRUST (Continued) <br />ADDITIONS <br />Interest <br />Purchase of units for participant <br />Total Additions <br />DEDUCTIONS <br />Net cash basis for non - investing transactions <br />Distributions to participant <br />Total Deductions <br />Change in net assets <br />Net assets - beginning <br />Net assets - ending <br />Pool <br />Pool <br />City of <br />North Suburban <br />Roseville <br />Cable Commission <br />Total <br />$ 9751279 <br />$ (32,667) <br />$ 9421612 <br />7511181249 <br />0 <br />7511181249 <br />761093,528 <br />(32,667) <br />7610601861 <br />7510621444 <br />0 <br />7510621444 <br />0 <br />112771140 <br />112771140 <br />7510621444 <br />112771140 <br />7613391584 <br />1103 11084 <br />(1,309,807) <br />(278,723) <br />3811311580 <br />113091807 <br />3914411387 <br />$ 3911621664 <br />$ 0 <br />$ 3911621664 <br />NOTE 7 — OTHER POST - EMPLOYMENT BENEFITS <br />A. Plan Description <br />In addition to providing the pension benefits described in Note 5, the City provides post- employment health care <br />benefits (as defined in paragraph B) for retired employees and police and firefighters disabled in the line of duty, <br />through a single- employer defined benefit plan. The term Plan refers to the City's requirement by State Statute to <br />provide retirees with access to health insurance. The OPEB plan is administered by the City. The authority to <br />provide these benefits is established in Minnesota Statutes Sections 471.61 Subd. 2a, and 299A.465. The benefits, <br />benefit levels, employee contributions and employer contributions are governed by the City and can be amended <br />by the City through its personnel manual and collective bargaining agreements with employee groups. The Plan is <br />not accounted for as a trust fund, as an irrevocable trust has not been established to account for the plan. The Plan <br />does not issue a separate financial report. <br />73 <br />