Laserfiche WebLink
CITY OF ELK RIVER, MINNESOTA <br />REQUIRED SUPPLEMENTARY INFORMATION <br />DECEMBER 31, 2010 <br />Elk River Fire Relief Pension Plan <br />Schedule of Funding Progress <br />Assets in <br />Excess of Pension <br />Actuarial Actuarial Actuarial (Unfunded) Benefit <br />Valuation Value of Accrued Accrued Percentage Per Year <br />Date Assets Liability Liability Funded of Service <br />12/31/08 $ 1,696,536 $ 2,392,353 $ (695,817) 70.9% $ 5,091 <br />12/31/09 2,224,430 2,550,808 (326,378) 87.2% 5,091 <br />12/31/10 2,190,827 2,398,067 (207,240) 91.4% 5,091 <br />Other Postemployment Benefits <br />Schedules of Funding Progress <br />Municipal Retiree Health Plan <br />Unfunded UAAL as a <br />Actuarial Actuarial Actuarial Actuarial Annual Percentage <br />Valuation Value of Accrued Accrued Funded Covered of Covered <br />Date Assets (a) Liability (b) Liability (b -a) Rate Payroll (c) Payroll ((b-a)/c) <br />01/01/08 $ - $ 88,718 $ 88,718 0.00% $ 4,095,00 0 2.17% <br />Utilities Retiree Health Plan <br /> Unfunded UAAL as a <br />Actuarial Actuarial Actuarial Actuarial Annual Percentage <br />Valuation Value of Accrued Accrued Funded Covered of Covered <br />Date Assets (a) Liability (b) Liability (b -a) Rate Payroll (c) Payroll ((b-a)/c) <br />01/01/08 $ - $ 56,892 $ 56,892 0.00% $ 2,300,000 2.47% <br />65 <br />