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ELK RIVER MUNICIPAL UTILITIES <br /> ELK RIVER,MINNESOTA <br /> REQUIRED SUPPLEMENTARY INFORMATION <br /> FOR THE YEAR ENDED DECEMBER 31,2015 <br /> Schedule of funding progress for the retiree health plan <br /> Unfunded <br /> Actuarial UAAL as a <br /> Actuarial Actuarial Actuarial Accrued Percentage <br /> Valuation Value of Accrued Liability Funded Covered of Covered <br /> Date Assets Liability (UAAL) Ratio Payroll Payroll <br /> 12/31/2014 $ - $ 68,948 $ 68,948 - % $ 2,810,413 2.50 % <br /> 12/31/2011 - 42,681 42,681 - 2,286,547 1.87 <br /> 12/31/2008 - 56,892 56,892 - 2,300,000 2.47 <br /> Schedule of employer's share of PERA net pension liability-General Employees Retirement Fund <br /> Required Supplementary Information <br /> Utilities <br /> Utilities Proportionate <br /> Proportionate Share of the <br /> Utilities Share of Net Pension <br /> Proportionate the Net Pension Liability as a Plan Fiduciary <br /> Utilities Share of Liability Utilities Percentage of Net Position <br /> Fiscal Proportion of the Net Pension Associated with Covered Covered as a Percentage <br /> Year the Net Pension Liability the City Total Payroll Payroll of the Total <br /> Ending Liability (a) (b) (a+b) (c) ((a+b)/c) Pension Liability <br /> 06/30/15 0.0478 % $ 2,477,244 $ - $ 2,477,244 $ 3,067,653 80.8 % 78.7 % <br /> Schedule of employer's PERA contributions-General Employees Retirement Fund <br /> Required Supplementary Information <br /> Contributions in <br /> Relation to the <br /> Statutorily Statutorily Contribution Utilities Contributions as <br /> Required Required Deficiency Covered a Percentage of <br /> Year Contribution Contribution (Excess) Payroll Covered Payroll <br /> Ending (a) (b) (a-b) (c) (b/c) <br /> 12/31/15 $ 230,074 $ 230,074 $ - $ 3,067,653 7.5 % <br /> 147 <br />