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CITY OF ROSEVILLE, PIINNESOTA
<br />NOTES TO THE FINANCIAL STATEN�NTS (CONTINUED)
<br />DECEMBER 31, 1981
<br />Note 4 - Fi�ed Assets
<br />Changes in the General Fixed Assets Account Group for 1981 were as follows:
<br />Balance Balance
<br />January l, December 31,
<br />1981 Additions Disposal 1987.
<br />Land $ 1,035,870 $ 1,035,870
<br />Buildings 2,957,905 $ 13,754 2,971,659
<br />Improvements ot4er than
<br />buildings 18,640,445 2,655,447 21,295,892
<br />Machinery and equipment 2,067,333 145,714 $ 23,112 2,189,935
<br />Construction in progress 237,815 182,487 55,328
<br />$24.939 368 $ 2,814.915 S 205.599 527.548.684
<br />Changes in Enterprise Fund Fixed Assets during 1981 were as follows:
<br />Land
<br />Building and structures
<br />Furniture, equipment,
<br />vehicLes
<br />Distribution system
<br />Construction in progress
<br />Total
<br />Balance
<br />Sanuary 1,
<br />1981 Additions
<br />$ 405,804
<br />1,631,409 $ 10,947
<br />1,099,414 20,417
<br />15,695,953 ll6,014
<br />14,163 62,769
<br />$18,846,743 $ 270,147
<br />Di_sposal
<br />$ 2>858
<br />$ 2,858
<br />Balance
<br />December 31,
<br />1981
<br />$ 405,804
<br />1,642,356
<br />1,119,831
<br />15,871,967
<br />74,074
<br />$19,114,032
<br />Less accumulated depreciation (3,986,515) ( 281,749) (4,268,264)
<br />Net �14,860 228 $( ll,602) S 2,858 $14,845.768
<br />te 5 - Pension P1ans
<br />The City is involved in three pension plans, with other agencies being responsible
<br />for the administration of each p1an. The City is making a11 pension contributions
<br />as required by law. '�"- - � � � � � .
<br />Roseville Volunteer Firemen's Relief Association - The Association is an independent
<br />— _.__._ ..__.__._. ... . ----.... ._...___.
<br />bod�_that administers a pension plan for 74 active members. State aid to the Association
<br />was $66,733, and the City contributed $4,973 in 1981. The money received was in excess
<br />of the required statutory contribution necessary for this year's normal cost and the
<br />unfunded accrued liability. The actual liability exceeded pension fund assets by -
<br />$112,607 on December 31, 1980. T6.is unfanded accrued liability is being amortized ,
<br />over 20 years, the minimum allowable by State statute. The most recent actuarial �.��,___._....
<br />valuation was as of December 31, 1978. Stare s�tatute requires an actuarial valuation ��� ��
<br />every four years.
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