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CITY OF ELK RIVER, MINNESOTA <br />REQUIRED SUPPLEMENTARY INFORMATION <br />DECEMBER 31, 2011 <br />Elk River Fire Relief Pension Plan <br />Schedule of Funding Progress <br />Other Postemployment Benefits <br />Schedules of Funding Progress <br />Municipal Retiree Health Plan <br />Unfunded <br />Assets in <br />UAAL as a <br />Actuarial <br />Actuarial Actuarial <br />Actuarial <br />Excess of <br />Annual <br />Pension <br />Actuarial <br />Actuarial <br />Actuarial <br />(Unfunded) <br />Covered <br />Benefit <br />Valuation <br />Value of <br />Accrued <br />Accrued <br />Percentage <br />Per Year <br />Date <br />Assets <br />Liability <br />Liability <br />Funded <br />of Service <br />12/31/09 <br />$ 2,224,430 <br />$ 2,550,808 <br />$ (326,378) <br />87.2% <br />$ 5,091 <br />12/31/10 <br />2,190,827 <br />2,398,067 <br />(207,240) <br />91.4% <br />5,091 <br />12/31/11 <br />2,260,830 <br />2,540,365 <br />(279,535) <br />89.0% <br />5,091 <br />Other Postemployment Benefits <br />Schedules of Funding Progress <br />Municipal Retiree Health Plan <br />Utilities Retiree Health Plan <br />Unfunded <br />UAAL as a <br />Actuarial <br />Actuarial Actuarial <br />Actuarial <br />Annual <br />Percentage <br />Valuation <br />Value of Accrued <br />Accrued <br />Funded <br />Covered <br />of Covered <br />Date <br />Assets (a) Liability (b) <br />Liability (b -a) <br />Rate <br />Payroll (c) <br />Payroll ((b -a) /c) <br />01/01/08 <br />$ - $ 88,718 <br />$ 88,718 <br />0.00% <br />$ 4,095,000 <br />2.17% <br />O1 /01 /11 <br />- 908,610 <br />908,610 <br />0.00% <br />6,901,671 <br />13.17% <br />Utilities Retiree Health Plan <br />M1 <br />Unfunded <br />UAAL as a <br />Actuarial <br />Actuarial Actuarial <br />Actuarial <br />Annual <br />Percentage <br />Valuation <br />Value of Accrued <br />Accrued <br />Funded <br />Covered <br />of Covered <br />Date <br />Assets (a) Liability (b) <br />Liability (b -a) <br />Rate <br />Payroll (c) <br />Payroll ((b -a)/c) <br />01/01/08 <br />$ - $ 56,892 <br />$ 56,892 <br />0.00% <br />$ 2,300,000 <br />2.47% <br />01/01/11 <br />- 42,681 <br />42,681 <br />0.00% <br />2,286,547 <br />1.87% <br />M1 <br />