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CITY OF ROSEVIL�E <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31. 1997 <br />Note 9 Sinele EmQlQver Defined Benefit Per�ion Plan Volunreer Fire Relief Association - continued <br />minimiun obligation is the finarcial 2quirement for the year less ar[icipared member contributions and state aids. Any addicional payments <br />by the City shall be used to amonize the unfurded �iability of the relief association. The funding strategy for nomial cost and the unfunded <br />actuarial accrued liability should provide sufficient resources to pay relief association benefits on a timely basis. <br />Cor6ributions to the relief association from the City in 1997 totaled �139,977. The City of Roseville con[nbutions represent 50.2 percen[ <br />of covered payroll for the year. <br />The payrr�ll for employees covered by the celief acsa ia[ion for the year ended December 31, 1997, was $278,814; the Ciry's towl payroll <br />was �6,832,591. <br />State aid received in 1997 totaled $120,470. <br />Significant actuarial assumptions used to compute pension contribution requirements are substantially the sa�ne as in previoas years. The <br />computa6on eP the persion con�ibution requirements tor 1997 was based on the same actuarial aeswnptions, actuarial funding method, and <br />other significant factors aeed ro determine peneion contribution requirements as in previous years. <br />Ten-Year Histoncal Trend Inforn�ation <br />Ten-year hisrorical trend information is not available from Ihe Roseville Fire Relief Association. <br />Note ]0 - Interfurd Pavabies and Receivables <br />The City uses the pooled imestrnent method for most of its cash management progra�u (See Nore 3). I�rerfund payables and receivables <br />created by [he pooled imestment program as of December 31, 1997 consists of d�e following: <br />Special Revenue - <br />Recreation <br />Wireless <br />Capital Prqiecfs - <br />Pennanent Improvements <br />Economic Lurements <br />ConstruMion <br />Canstruc[ion Reserve <br />Enterprise - <br />Water <br />Solid Waste Recycling <br />Totals <br />Interfw�d Receivable <br />44 <br />$ 949,447 <br />1,467,913 <br />3,000,000 <br />S 5 417.360 <br />interfund Pavabie <br />$ 1,467,913 <br />684,486 <br />1,354,594 <br />1.880,922 <br />�9.445 <br />S SA17.360 <br />