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CITY OF ELK RIVER, MINNESOTA
<br />SCHEDULE OF CITY CONTRIBUTIONS - PERA
<br />DECEMBER 31, 2018
<br />Primary Government:
<br />Contributions
<br />General Employees
<br />Retirement Fund
<br />in Relation to
<br />Contribution
<br />Contributions as
<br />Contributions
<br />Statutorily
<br />the Statutorily
<br />Deficiency
<br />City's
<br />a Percentage
<br />in Relation to
<br />Contribution
<br />Required
<br />Contributions as
<br />Covered
<br />Statutorily
<br />the Statutorily
<br />Deficiency
<br />City's
<br />a Percentage
<br />Year
<br />Required
<br />Required
<br />(Excess)
<br />Covered
<br />of Covered
<br />Ending
<br />Contribution (a)
<br />Contribution (b)
<br />(b - a)
<br />Payroll (c)
<br />Payroll (b/c)
<br />12/31/18
<br />$ 736,804
<br />$ 736,804
<br />- $
<br />9,824,053
<br />7.5%
<br />12/31/17
<br />706,711
<br />706,711
<br />-
<br />9,422,813
<br />7.5%
<br />12/31/16
<br />684,325
<br />684,325
<br />-
<br />9,124,333
<br />7.5%
<br />12/31/15
<br />662,664
<br />662,664
<br />-
<br />8,835,520
<br />7.5%
<br />12/31/14
<br />609,362
<br />609,362
<br />-
<br />8,124,827
<br />7.5%
<br />Public Employees Police and Fire Fund
<br />Ten years of data will eventually be presented when available.
<br />vii
<br />Contributions
<br />in Relation to
<br />Contribution
<br />Contributions as
<br />Statutorily
<br />the Statutorily
<br />Deficiency
<br />City's
<br />a Percentage
<br />Year
<br />Required
<br />Required
<br />(Excess)
<br />Covered
<br />of Covered
<br />Ending
<br />Contribution (a)
<br />Contribution (b)
<br />(b - a)
<br />Payroll (c)
<br />Payroll (b/c)
<br />12/31/18
<br />$ 533,296
<br />$ 533,296
<br />-
<br />$ 3,291,950
<br />16.2%
<br />12/31/17
<br />508,774
<br />508,774
<br />-
<br />3,140,580
<br />16.2%
<br />12/31/16
<br />495,478
<br />495,478
<br />-
<br />3,058,506
<br />16.2%
<br />12/31/15
<br />478,192
<br />478,192
<br />-
<br />2,951,802
<br />162%
<br />12/31/14
<br />418,280
<br />418,280
<br />-
<br />2,581,975
<br />16.2%
<br />Component Unit:
<br />General Employees
<br />Retirement Fund
<br />Contributions
<br />in Relation to
<br />Contribution
<br />Contributions as
<br />Statutorily
<br />the Statutorily
<br />Deficiency
<br />HRA's
<br />a Percentage
<br />Year
<br />Required
<br />Required
<br />(Excess)
<br />Covered
<br />of Covered
<br />Ending
<br />Contribution (a)
<br />Contribution (b)
<br />(b - a)
<br />Payroll (c)
<br />Payroll (b/c)
<br />12/31/18
<br />$ 4,810
<br />$ 4,810
<br />-
<br />$ 64,133
<br />7.5%
<br />12/31/17
<br />4,494
<br />4,494
<br />-
<br />59,920
<br />7.5%
<br />12/31/16
<br />4,352
<br />4,352
<br />-
<br />58,027
<br />7.5%
<br />12/31/15
<br />4,212
<br />4,212
<br />-
<br />56,160
<br />7.5%
<br />12/31/14
<br />3,877
<br />3,877
<br />-
<br />51,693
<br />7.5%
<br />Ten years of data will eventually be presented when available.
<br />vii
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