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CITY OF ELK RIVER, MINNESOTA <br />REQUIRED SUPPLEMENTARY INFORMATION <br />FOR THE YEAR ENDED DECEMBER 31, 2015 <br />Schedule of employer's share of PERA net pension liability - General Employees Retirement Fund <br />Schedule of employer's PERA contributions - General Employees Retirement Fund <br />Year <br />Ending <br />12/31/15 <br />Required Supplementary Information <br />Contributions in <br />Required Supplementary Information <br />Relation to the <br />Statutorily <br />City's <br />Contribution <br />City's <br />Contributions as <br />Required <br />State's <br />Deficiency <br />Proportionate <br />a Percentage of <br />Contribution <br />Contribution <br />(Excess) <br />Proportionate <br />Covered Payroll <br />Share of the <br />(b) <br />(a -b) <br />(c) <br />City's <br />Share of <br />Net Pension <br />Proportionate <br />the Net Pension <br />Liability as a <br />Plan Fiduciary <br />City's <br />Share of <br />Liability <br />City's <br />Percentage of <br />Net Position <br />Fiscal <br />Proportion of <br />the Net Pension <br />Associated with <br />Covered <br />Covered <br />as a Percentage <br />Year <br />the Net Pension <br />Liability <br />the City Total <br />Payroll <br />Payroll <br />of the Total <br />Ending <br />Liability <br />(a) <br />(b) (a+b) <br />(c) <br />((a+b)/c) <br />Pension Liability <br />06/30/15 <br />0.1438 % <br />$ 7,452,462 <br />$ - $ 7,452,462 <br />$ 8,712,032 <br />85.5 % <br />78.7 % <br />Schedule of employer's PERA contributions - General Employees Retirement Fund <br />Year <br />Ending <br />12/31/15 <br />Required Supplementary Information <br />$ 668,633 $ 668,633 $ <br />$ 8,915,107 7.5 % <br />Schedule of employer's share of PERA net pension liability - Public Employees Police and Fire Fund <br />Contributions in <br />Required Supplementary Information <br />Relation to the <br />Statutorily <br />Statutorily <br />Contribution <br />City's <br />Contributions as <br />Required <br />Required <br />Deficiency <br />Covered <br />a Percentage of <br />Contribution <br />Contribution <br />(Excess) <br />Payroll <br />Covered Payroll <br />(a) <br />(b) <br />(a -b) <br />(c) <br />(b/c) <br />$ 668,633 $ 668,633 $ <br />$ 8,915,107 7.5 % <br />Schedule of employer's share of PERA net pension liability - Public Employees Police and Fire Fund <br />-90- <br />Required Supplementary Information <br />City's <br />State's <br />Proportionate <br />Proportionate <br />Share of the <br />City's <br />Share of <br />Net Pension <br />Proportionate <br />the Net Pension <br />Liability as a <br />Plan Fiduciary <br />City's <br />Share of <br />Liability <br />City's <br />Percentage of <br />Net Position <br />Fiscal <br />Proportion of <br />the Net Pension <br />Associated with <br />Covered <br />Covered <br />as a Percentage <br />Year <br />the Net Pension <br />Liability <br />the City Total <br />Payroll <br />Payroll <br />of the Total <br />Ending <br />Liability <br />(a) <br />(b) (a+b) <br />(c) <br />((a+b)/c) <br />Pension Liability <br />06/30/15 <br />0.3040 % <br />$ 3,454,151 <br />$ - $ 3,454,151 <br />$ 2,788,952 <br />123.9 % <br />86.6 % <br />-90- <br />