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IV-47CITY OF ELK RIVER PERA SCHEDULE OF CITY CONTRIBUTIONS DECEMBER 31, 2019 Primary Government: GERF SChedu .. tit City Contrtbllllon, L.-tllxFl9calY..,. _______!21!.... --"'-'-'---"'-'-'---"'-"----"'-'-'-______!!!li.... statulori!rRflqulNNICClrmllullon • 7153,933 • 736,804 • 71)8,711 • eao.s11 • ....... • 8115,331 Contrllullons In Relallon to Ille Sllltularlly Requlrsl Conbibution i (75393~' (738~1$ (70611:1, 1eao.a1:1~i 1e15.33:1 Conb'Wlon Daficlancy ,~, Clty'8CoveladPay,oll • 10,052,440 • 9,824,053 • 9,422,813 • 9,210,813 • 8,915,107 • 8,487,324 COrtlrlNJllonl&II PeRl,ntagarACowr.d Peyro~ '·"" , .... '·""' , ..... '·""' '·"" •n,eAmoLnBPr...iedforEachFllcalYearwereDetermlnedaad12131. PEPFF Bchedule of C"1 ConbtbutiDM L.ptSb:FlacalYNnt" --"'-"----"-"----""-'--__ ,_,,, __ --""-'----"'-"--SlalutorllyRequndCOllll'INdlon • 631.494 • "'·"' • &08,774 • ,4911,478 • 478,192 • 418,280 Conlr1bullDnllnRelltlontotheSlalutorlyRequlredConlrtbullon $ (631,~) I (&33~) S (II087T~) $ ("491547! $ (4781~) $ (418~ ContrtbutlonDllflclllncyte-1 Clly'1COV81adPayroll • 3,725,828 • 3,291,951 • 3,140,580 • 3,058,508 • 2,961,802 • 2,581,975 COl'llrlbullonl&11Peroenbl119ofCo'o'811111Payroll ...... ,...,. ,.,.,. 18.20% """" """' "Th1Amounts"'-lledlorEa:hFilcalYear-DMlnninedncl12131. Component Unit: GERF Schedull of NRA Contl'lbutioM l.atSIIIFllcalYNN --"'-'-'---"'-"--__ .. _,_, ---"'-"--__ .,_,_. -__ ,._ .. __ stalullMiyRequndContrlbullon • .... • 4,810 ' 4,<114 • 4,302 • 4.212 • am Conlrllulona In Relation to the SlnilDflly Required Contrtbutlon s rn.o<01 s 1• "~I I 14'°? I 14 ~I s '"''.I I 1¥7'.1 COnlrllullonOelk:leney(Elloasa) HRA'I Cownd Paymll • .,.,.. • 64,133 • ...... • 58,027 ' 118,180 ' 113,476 Con1rRJu11grma1aPwclntllgllrACover9CIP.yroll , .... '·""' ,.. ... '·""' , .... 7.25% *TheAmountsP.-itedforEIICIIFlacalY .. _DelenM!ed&1ol12131. CITY OF ELK RIVER SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY AND RELATED RATIOS DECEMBER 31, 2019 2019 2018 2017 2018 Total Pansk>n Liability Service Cost $ 107,610 $ 101,600 $ 107,095 $ 99,459 , ...... , 146,432 146,894 142,222 127,413 Differences Between Expected and Actual Experience (14,808) (147,992) Changes of Assumptions 39,541 11,196 297,706 Changes of Benefit Terms 645,281 55,532 Benefit Payments, Including Member Contribution Refunds (334,581) (147,015) (423,780) other Changes Net Change In Total Pension lie~il:y 589,475 259,690 9,842 100,816 Total Pension Uablllty-Beginning 21606,316 213461828 21338,784 2~1968 Total Pension Liablllty-Ending (a) 3,195,791 2,606,316 2,346,626 2,336,784 Plan Fiduciary Net Poa:Hion Municipal Contributions 30,000 30,000 30,000 30,000 StateConb1butlons 189,502 182,297 179,192 177,828 Net Investment Income (224,880) 457,331 229,424 (143,580) Benefit Payments (334,581) (147,015) (423,780) Administrative Expenses '11,963) ,12,907) ,12,884) ,13,863) Net Change in Fiduciary Net Position (351,922) 656,721 278,717 (373,177) Fiduciary Net Position -Beginning 3,753,140 3,096,419 21817,702 3,190,879 Fiduciary Net Position -Ending (b) 3,401,218 3,753,140 3,098,419 2,817,702 Aasociation's Ending Net Pension llabilil:y/(Alset) (a-b) $ ~05,427l $ !1,146,824~ $ ~49,793l $ ,480,918l Plan Fiduciary Net Posillon as a Percentage of Total Pension liability{b/a) 106.43% 144.00% 131.95% 120.58% Covered Payroll NIA NIA NIA NIA Net Pension Llabllllyl(Aaset) ae a Percentage of Covered Payroll NIA NIA NIA NIA *Ten Years of Data WIii Eventually Be Presented When Available ~ $ 93,312 126,522 62,318 282,152 1,953,814 2,235,966 30,000 164,825 124,109 l!,634! 310,300 2,880,579 3,190,879 s '254,913J 142.71% NIA NIA 195
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