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City of Roseville, Minnesota
<br />REQUIRED SUPPLEMENATRY INFORMATION
<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 />Schedule 9
<br />(Page 1 of 1)
<br />2016 2015 2014
<br />Total Pension Liability (TPL, actuarial accrued liability)
<br />Service cost $ 85,626 $ 69,632 $ 67,768
<br />]nterest 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 />Benefitpayments, including membex contributions (569,784) (563,896) (574,072)
<br />Net change in total pension liabiliry (840,045) 229,227 2,681
<br />Total Pension Liability - beginning of year
<br />Total Pension Liability - end of year
<br />7,991,694 7,762,467 7,759,786
<br />$ 7,151,649 $ 7,991,694 $ 7,762,467
<br />Plan Fiduciary Net Position (FNP, assets)
<br />Contributions - State and local $
<br />Contributions - donations and other income
<br />Contribations - members
<br />Net investment income
<br />Other additions (e.g. receivables)
<br />Benefit payments, including member contributions
<br />Administrative expense
<br />Other deductions (e.g. payables)
<br />Net change in plan fiduciary net position
<br />Plan Fiduciary Net Position - beginning of year
<br />221,324 $
<br />846,802
<br />(569,784)
<br />�25,100�
<br />473,242
<br />9,828,926
<br />220,012 $
<br />22,193
<br />(563,896)
<br />(20,569)
<br />(342,260)
<br />10,171,186
<br />341,617
<br />882,050
<br />(574,072)
<br />(23,479)
<br />626,116
<br />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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