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CITY OF ROSEVILLE, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2021 <br />For the year ended December 31, 2021, the City recognized pension expense of $132,056 <br />an additional $15,336 as pension expense (and grant revenue) for its proportionate share of <br />ution of $16 million to the GERF. <br />At December 31, 2021 <br />outflows of resources and deferred inflowsof resources related to pensions from the following <br />sources: <br />Deferred OutflowsDeferred Inflows <br />of Resourcesof Resources <br />Differences between expected and <br /> actual economic experience$37,544$190,543 <br />Changes in actuarial assumptions3,801,658136,919 <br />Difference between projected and <br /> actual investment earnings - 5,389,753 <br />Changes in proportion 245,825295,300 <br />Contributions paid to PERA <br /> subsequent to the measurement date417,340 - <br />Total$4,502,367$6,012,515 <br />The $417,340 reported as deferred outflows of resources related to pensions resulting from <br />City contributions subsequent to the measurement date will be recognized as a reduction of <br />the net pension liability in the year ended December 31, 2022. Other amounts reported as <br />deferred outflows and inflows of resources related to pensions will be recognized in pension <br />expense as follows: <br />Year EndedPension <br />December 31,Expense <br />2022($288,037) <br />2023(45,475) <br />2024(123,227) <br />2025(1,470,749) <br />2026 - <br />Thereafter - <br />2.PEPFF Pension Costs <br />At December 31, 2021, the City reported a liability of $4,223,804 for its proportionate share of <br />2021 and the total pension liability used to calculate the net pension liability was determined <br />by an act <br />period for employer payroll paid dates from July 1, 2020 through June 30, 2021, relative to <br />for the beginning of the period. <br />66 <br /> <br />