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CITY OF ELK RIVER, MINNESOTA <br />NOTES TO THE FINANCIAL STATEMENTS <br />DECEMBER 31, 2018 <br />NOTE 11: DEFINED BENEFIT PENSION PLANS — FIRE RELIEF ASSOCIATION - CONTINUED <br />F. Pension Plan Fiduciary Net Position <br />The following presents changes in the total pension liability, plan fiduciary net position, and the net pension asset: <br />Changes forthe year: <br />Service cost <br />Interest <br />Assumption changes <br />Plan changes <br />Contributions (employer) <br />Contributions (state) <br />Difference between expected and actual experience <br />Benefit payments <br />Net investment income <br />Administrative costs <br />Total net changes <br />Total - beginning <br />Total- ending <br />Net Pension <br />Total Pension P1anFiduciary Liability <br />Liability (a) Net Position (b) (Asset) (a -b) <br />$ 101,600 <br />$ - <br />$ 101,600 <br />146,894 <br />- <br />146,894 <br />11,196 <br />- <br />11,196 <br />- <br />30,000 <br />(30,000) <br />182,297 <br />(182,297) <br />- <br />457,331 <br />(457,331) <br />- <br />(13,009) <br />13,009 <br />259,690 <br />656,619 <br />(396,929) <br />2,346,626 3,096,419 (749,793) <br />$ 2,606,316 $ 3,753,038 $ (1,146,722) <br />The Association issues a publicly available financial report. The report may be obtained by writing to the Elk River Fire <br />Department Relief Association, 13073 Orono Parkway, Elk River, MN 55330. <br />67 <br />