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CITY OF ROSEVILLE MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS - (CONTTNUED) <br />DECEMBER i1.1989 <br />Note 12 D fined Benefit Pension PLan Votuntee Fi�e Retief Association (Continued) <br />for employees covered hy [he RoseviLle VoLunteer Fire Retief Association for 1987, 1988 and 1989 respectively. <br />Showing unfunded pension benefit obligation as a percentage of annuaL mvered payrott approximateLy adjust <br />for the effects of inftation for analysis purposes. In addition, for the three years ended 1987, 1988 and <br />1989, the City's contributions to the System, aLL made in accordance with actuarially determined require- <br />ments, were 0.00%, 11.2 and 8.7Y respectivety of annual covered payrolL. <br />R tat d Partv Investments <br />Retated Party Investments - During 1989 and as of December 31, 1989, The Association hetd no securities <br />issued 6y the City or other related parties. <br />Note 13 - Ctaims Workers' Com ensation Self-Insurance Fund <br />A Lia6iLity of E420,000 was incurred, as set by State stawte, for the death of a City police officer in <br />1982. The City is self-insured a�d was responsible for 5�20,000 of this Liability. 7he Workers' Compensa- <br />tion Reinsurance Association, a nonprofit organization estabLished hy STate statute is responsihle for the <br />remaining balance of the totaL Liability. The CitY's LiabiLity on Oecemher 31, 1989 was 834,446. <br />Note 14 Int rf nd Pavables and Peceiva6les <br />The City uses the pooted investment method for it's cash mana9ement pro9ram (See note 4). Interfund pay- <br />a6tes and receivabLes created 6y the pooted investment program as of Decemher 31, 1989 consists of the <br />foLlowina: - <br />Fund <br />Speciat Revenue- <br />CharitabLe Gamhling <br />Debt Service- <br />State MSA Bonds <br />Interfund Interfund <br />Receivable Pava6Le <br />Capital Projects <br />Permanent ImprovemenTs S 42,255 <br />Totats <br />Note 15 Interfund Transfers <br />3,068 <br />39,187 <br />S 42 255 . S42 255 <br />Funds are transferred from one fund io support ezpendi[ures of other funds in accordance with the authority <br />established for the individual fund. Transfers uithin fund types have been eliminated. Transfers 6etNeen <br />fund types during ihe year ended Decem6er 31, 1989 uere: <br />GeneraL Fund <br />Totats <br />Transfers-out,_ <br />General <br />F�nd <br />S 65 778 <br />S 65 778 <br />7ransfers-in_ <br />Speciat Revenue <br />Funds <br />48 <br />E 55 778 <br />S 65 778 <br />