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Primary Government
<br />Fiscal Year
<br />Ending
<br />December 31,
<br />2014
<br />2015
<br />2016
<br />2017
<br />2018
<br />2019
<br />2020
<br />2021
<br />Statutorily
<br />Required
<br />City of Elk River
<br />Schedule of City Contributions -
<br />General Employees Retirement Fund
<br />Last Ten Years
<br />Contributions
<br />in Relation to
<br />the Statutorily
<br />Required
<br />615,331 $
<br />668,633
<br />690,811
<br />706,711
<br />736,804
<br />753,933
<br />810,637
<br />886,693
<br />615,331
<br />668,633
<br />690,811
<br />706,711
<br />736,804
<br />753,933
<br />810,637
<br />886,693
<br />Contributions
<br />Contribution
<br />as a Percentage
<br />Deficiency City's Covered
<br />of Covered
<br />(Excess) Payroll
<br />Payroll
<br />$ - $ 8,487,324
<br />7.25%
<br />- 8,915,107
<br />7.50%
<br />- 9,210,813
<br />7.50%
<br />- 9,422,813
<br />7.50%
<br />- 9,824,053
<br />7.50%
<br />- 10,052,440
<br />7.50%
<br />- 10,808,493
<br />7.50%
<br />- 11,822,573
<br />7.50%
<br />Note: Schedule is intended to show ten year trend. Additional years will be reported as they become available.
<br />Component Unit - Housing and Redevelopment Authority
<br />Contributions
<br />in Relation to
<br />Fiscal Year
<br />Statutorily
<br />the Statutorily
<br />Ending
<br />Required
<br />Required
<br />December 31,
<br />Contribution
<br />Contributions
<br />2014
<br />$ 3,877
<br />$ 3,877
<br />2015
<br />4,212
<br />4,212
<br />2016
<br />4,352
<br />4,352
<br />2017
<br />4,494
<br />4,494
<br />2018
<br />4,810
<br />4,810
<br />2019
<br />5,040
<br />5,040
<br />2020
<br />4,629
<br />4,629
<br />2021
<br />3,678
<br />3,678
<br />Contributions
<br />Contribution
<br />as a Percentage
<br />Deficiency City's Covered
<br />of Covered
<br />(Excess) Payroll
<br />Payroll
<br />$ - $ 53,476
<br />7.25%
<br />- 56,160
<br />7.50%
<br />- 58,027
<br />7.50%
<br />- 59,920
<br />7.50%
<br />- 64,133
<br />7.50%
<br />- 67,200
<br />7.50%
<br />- 61,720
<br />7.50%
<br />- 49,040
<br />7.50%
<br />Note: Schedule is intended to show ten year trend. Additional years will be reported as they become available.
<br />See notes to required supplementary information. 107
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