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CITY OF ROSEVILLE, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2016 Target Long-Term Expected Asset Class Allocation Real Rate of Return Domestic equity 67.05% 5.58% International equity 5.26% 5.71% Fixed income 25.44% 2.27% Real estate and alternatives 0.00% 4.44% Cash and equivalents 2.25% 0.84% Total 100% D i s count rate: T h e d i s c o u n t r a t e u s e d t o m e a s u r e t h e t o t a l p e n s ion liability was 6.75%. Assets were projected u s ing expected benefit payments and expected asset returns. Expected benefit payments by year w e r e d i s c o u n t ed using the expected asset return assumption for years in which the assets were s u f f i c i e n t t o p a y a l l b e n e f i t p a y m e n t s . Any remaining benefit payments after the trust fund is e x h a u s t e d a r e d i s c o u n t e d a t t h e m u n i c i p a l bond rate. The equivalent single rate is the discount r a t e . F. Change in the Net Pension Liability Total Plan Fiduciary Net Pension Net Pension Liability Position Liability (a) (b) (a) - (b) Balances at January 1, 2016 7,991,694 $ 9,828,926$ (1,837,232)$ Changes for the year Service cost 85,623 - 85,623 Interest 525,989 - 525,989 Differences between expected and actual experience (389,429) - (389,429) Changes in assumptions (492,447) - (492,447) Contibutions - state and local - 221,324 (221,324) Contibutions - employee - - - Net investment income - 846,802 (846,802) Benefit payments, including refunds - of employee contibutions (569,784) (569,784) - Administrative expense - (25,100) 25,100 Other charges - - - Net Charges (840,048)$ 473,242$ (1,313,290)$ Balances at December 31, 2016 7,151,646 $ 10,302,168$ (3,150,522)$ Increase (Decrease) 72 Item 8: Attachment D