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Elk River Municipal Utilities <br /> Elk River, Minnesota <br /> Required Supplementary Information <br /> For the Year Ended December 31, 2017 <br /> Schedule of Employer's Share of PERA Net Pension Liability -General Employees Retirement Fund <br /> Required Supplementary Information <br /> Utilities <br /> State's 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-Employee Covered-Employee as a Percentage <br /> Year the Net Pension Liability the Utilities Total Payroll Payroll of the Total <br /> Ending Liability (a) (b) (a+b) (c) (a/c) Pension Liability <br /> 06/30/17 0.0540 % $ 3,447,324 $ 43,337 $ 3,490,661 $ 3,478,022 99.1 % 75.9 % <br /> 06/30/16 0.0508 4,124,708 53,908 4,178,616 3,151,720 130.9 68.9 <br /> 06/30/15 0.0478 2,477,244 2,477,244 2,811,834 88.1 78.2 <br /> Note: Schedule is intended to show 10-year trend. Additional years will be reported as they become available. <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 /> 12/31/17 $ 257,780 $ 257,780 $ - $ 3,437,072 7.5 % <br /> 12/31/16 244,012 244,012 - 3,253,493 7.5 <br /> 12/31/15 230,074 230,074 - 3,067,659 7.5 <br /> Note: Schedule is intended to show 10-year trend. Additional years will be reported as they become available. <br /> 50 <br /> 114 <br />