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CITY OF ROSEVILLE, MINNESOTA NOTES TO FINANClAL STATEMENTS December 31, 2015 D. Pension Costs GERF Pension Costs At December 31, 2015, the City reported a liability of $7,151,876 for its proportionate share of the GERF's net pension liability. The net pension liability was measured as of June 30, 2015, and the total pension liabiliry used to calculate the net pension liability was determined by an actuarial valuation as of that date. The City's proportion of the net pension liability was based on the City's contributions received by PERA during the measurement period for employer payroll paid dates from July 1, 2014, through June 30, 2015, relative to the total employer contributions received from all of PERA's participating employers. At June 30, 2015, the City's proportion was 0.1380%. For the year ended December 31, 2015, the City recognized pension expense of $855,854 for its proportionate share of GERF's pension expense. At December 31, 2015, the City reported its proportionate share of GERF's deferred outflows of resources and deferred inflows of resources, and its contributions subsequent to the measureinent date, from the following sources: Differences between expected and actual economic experiences Differences between projected and actual investment earnings Changes in proportion Contributions paid to PERA subsequent to the measurement date 65 Deferred Outflows of Resources $ 677,035 309,506 $ 986,541 Deferred Inflows of Resources $ 360,576 292,419 $ 652,995