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City of Roseville, Minnesota Schedule 9
<br />REQUIRED SUPPLEMENATRY INFORMATION (Page 1 of 1)
<br />SCHEDULE OF CHANGES IN NET PENSION LIABILITY
<br />AND RELATED RATIOS - FIRE RELIEF ASSOCIATION
<br />For the Fiscal Year Ended December 31, 2016
<br />2016 2015 2014
<br />Total Pension Liability (TPL, actuarial accrued liability)
<br />Service cost 85,626$ 69,632$ 67,768$
<br />Interest 525,989 509,635 508,985
<br />Differences between expected and actual experience (389,429) - -
<br />Changes of assumptions (492,447) 213,856 -
<br />Changes of benefit terms - -
<br />Benefit payments, including member contributions (569,784) (563,896) (574,072)
<br /> Net change in total pension liability (840,045) 229,227 2,681
<br />Total Pension Liability - beginning of year 7,991,694 7,762,467 7,759,786
<br />Total Pension Liability - end of year 7,151,649$ 7,991,694$ 7,762,467$
<br />Plan Fiduciary Net Position (FNP, assets)
<br />Contributions - State and local 221,324$ 220,012$ 341,617$
<br />Contributions - donations and other income - - -
<br />Contributions - members - - -
<br />Net investment income 846,802 22,193 882,050
<br />Other additions (e.g. receivables)- -
<br />Benefit payments, including member contributions (569,784) (563,896) (574,072)
<br />Administrative expense (25,100) (20,569) (23,479)
<br />Other deductions (e.g. payables)- -
<br /> Net change in plan fiduciary net position 473,242 (342,260) 626,116
<br />Plan Fiduciary Net Position - beginning of year 9,828,926 10,171,186 9,545,070
<br />Plan Fiduciary Net Position - end of year 10,302,168$ 9,828,926$ 10,171,186$
<br />Net Pension Liability (NPL) - end of year (3,150,522)$ (1,837,232)$ (2,408,719)$
<br />Plan Fiduciary Net Position (FNP, assets)144.05%122.99%131.03%
<br />The City implemented the Provisions of Governmental Accounting Standards Board Statement No. 68
<br />for the year ended December 31, 2015. The schedules within the Required Supplementary Information
<br />Section required a ten year presentation, but does not require retroactive reporting. Information prior to
<br />2014 is not available.
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<br />Item 8: Attachment D
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