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Primary Government:
<br />Fiscal
<br />Year
<br />Ending
<br />06/30/18
<br />06/30/17
<br />06/30/16
<br />06/30/15
<br />06/30/14
<br />Fiscal
<br />Year
<br />Ending
<br />06/30/18
<br />06/30/17
<br />06/30/16
<br />06/30/15
<br />06/30/14
<br />City's
<br />Proportion of
<br />the Net Pension
<br />Liability
<br />0.1435%
<br />0.1506%
<br />0.1426%
<br />0.1428%
<br />0.1577%
<br />City's
<br />Proportion of
<br />the Net Pension
<br />Liability
<br />0.3045%
<br />0.3140%
<br />0.3060%
<br />0.3040%
<br />0.2990%
<br />CITY OF ELK RIVER, MINNESOTA
<br />SCHEDULE OF THE CITY'S PROPORTIONATE SHARE
<br />OF THE NET PENSION LIABILITY - PERA
<br />DECEMBER 31, 2018
<br />General Employees Retirement Fund
<br />City's
<br />Proportionate
<br />Share of
<br />the Net Pension
<br />Liability (a)
<br />$ 7,958,885
<br />9,611,075
<br />11,604,537
<br />7,405,496
<br />7,407,964
<br />State's
<br />Proportionate
<br />Share of
<br />the Net Pension
<br />Liability
<br />Associated
<br />with the City (b)
<br />$ 261,004
<br />120,624
<br />152,173
<br />Total
<br />(a+b)
<br />$ 8,219,889
<br />9,731,699
<br />11,756,710
<br />7,405,496
<br />7,407,964
<br />City's
<br />Covered
<br />Payroll (c)
<br />$ 9,702,980
<br />9,695,118
<br />8,847,114
<br />8,659,539
<br />8,279,769
<br />Public Employees Police and Fire Fund
<br />City's
<br />Proportionate
<br />Share of
<br />the Net Pension
<br />Liability (a)
<br />$ 3,245,656
<br />4,239,374
<br />12,280,312
<br />3,454,151
<br />3,229,323
<br />State's
<br />Proportionate
<br />Share of
<br />the Net Pension
<br />Liability
<br />Associated
<br />with the City (b)
<br />43,337
<br />53,870
<br />Total
<br />(a+b)
<br />$ 3,245,656
<br />4,282,711
<br />12,334,182
<br />3,454,151
<br />3,229,323
<br />City's
<br />Covered
<br />Payroll (c)
<br />$ 3,220,233
<br />3,211,726
<br />2,952,673
<br />2,788,952
<br />2,440,932
<br />City's
<br />Proportionate
<br />Share of the
<br />Net Pension
<br />Liability as a
<br />Percentage
<br />of Covered
<br />Payroll ((a+b)/c)
<br />84.7%
<br />100.4%
<br />132.9%
<br />85.5%
<br />89.5%
<br />City's
<br />Proportionate
<br />Share of the
<br />Net Pension
<br />Liability as a
<br />Percentage
<br />of Covered
<br />Payroll ((a+b)/c)
<br />100.8%
<br />133.3%
<br />417.7%
<br />123.9%
<br />132.3%
<br />Plan Fiduciary
<br />Net Position
<br />as a Percentage
<br />of the Total
<br />Pension Liability
<br />79.5%
<br />75.9%
<br />68.9%
<br />78.2%
<br />78.7%
<br />Plan Fiduciary
<br />Net Position
<br />as a Percentage
<br />of the Total
<br />Pension Liability
<br />88.8%
<br />85.4%
<br />63.9%
<br />86.6%
<br />87.1%
<br />Component Unit:
<br />General Employees Retirement Fund
<br />HRA's
<br />State's
<br />Proportionate
<br />Proportionate
<br />Share of the
<br />HRA's
<br />Share of
<br />Net Pension
<br />Plan Fiduciary
<br />HRA's
<br />Proportionate
<br />the Net Pension
<br />Liability as a
<br />Net Position
<br />Fiscal
<br />Proportion of
<br />Share of
<br />Liability
<br />HRA's
<br />Percentage
<br />as a Percentage
<br />Year the
<br />Net Pension
<br />the Net Pension Associated
<br />Total
<br />Covered
<br />of Covered
<br />of the Total
<br />Ending
<br />Liability
<br />Liability (a)
<br />with the HRA (b)
<br />(a+b)
<br />Payroll (c)
<br />Payroll ((a+b)/c)
<br />Pension Liability
<br />06/30/18
<br />0.0009%
<br />$ 51,835
<br />$ 1,698
<br />$ 53,533 $
<br />62,892
<br />85.1%
<br />79.5%
<br />06/30/17
<br />0.0010%
<br />60,586
<br />1,170
<br />61,756
<br />61,433
<br />100.4%
<br />75.9%
<br />06/30/16
<br />0.0009%
<br />73,404
<br />959
<br />74,363
<br />56,083
<br />132.6%
<br />68.9%
<br />06/30/15
<br />0.0009%
<br />46,951
<br />-
<br />46,951
<br />54,886
<br />85.5%
<br />78.2%
<br />06/30/14
<br />0.0010%
<br />46,966
<br />46,966
<br />52,493
<br />89.5%
<br />78.7%
<br />Ten years of data will eventually be presented when available.
<br />77
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