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CTTY OF ROSEVILLE, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2016 <br />Asset Class <br />Domestic equity <br />International equity <br />Fixed 'mcome <br />Rea] estate and alternatives <br />Cash and equivalents <br />Target <br />Allocation <br />67.05% <br />5.26°/a <br />25.44% <br />0.00% <br />2.25% <br />Total 100% <br />Long Tei�rn Expected <br />Real Rate of Return <br />5.58% <br />5.71% <br />2.27% <br />4.44% <br />0.84% <br />Discount rate: <br />The discount rate used to measure the total pension liability was 6.75%. Assets were projected <br />using expected benefit payments and expected asset returns. Expected benefit payments by year <br />were discounted using the expected asset return assumption for years in which the assets were <br />sufficient to pay all benefit payments. Any remaining benefit payments after the trust fund is <br />exhausted are discounted at the municipal bond rate. The equivalent single rate is the discount <br />rate. <br />F. Change in the Net Pension Liability <br />Balances at January 1, 2016 <br />Cl�anges for the year <br />Service cost <br />Interest <br />Differences between e�ected <br />and actual experience <br />Changes in assumptions <br />ContiUutions - state and local <br />Contibutions - employee <br />Net investment income <br />Benefit payments, including refunds <br />of employee contibutions <br />Adinitiistrative expense <br />Other charges <br />Increase (Decrease) <br />Total P1anFiduciary Net <br />Pension Net Pension <br />Liability Position Liability <br />�a) �) �a) - �) <br />$ 7,991,694 $ 9,828,926 $ (1,837,232) <br />85,623 <br />525,989 <br />�3 89,429� <br />(492,447� <br />(569,�84) <br />221,324 <br />846, 802 <br />(569,784) <br />(25,100) <br />85,623 <br />525,989 <br />(389,429) <br />(492,447) <br />(221,324) <br />(846, 802) <br />25,100 <br />Net Charges $ (840,048) $ 473,242 $ (1,313,290) <br />Balances at December 31, 2016 $ 7,151,646 $ 10,302,168 $(3,150,522) <br />72 <br />