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Total pension liability (TPL)
<br />Service cost
<br />Interest on the pension liability
<br />Differences between expected
<br />and actual experience
<br />Changes of assumptions
<br />Changes of benefit terms
<br />Benefit payments
<br />Net change in TPL
<br />TPL - beginning
<br />TPL - ending
<br />Plan fiduciary net position (PFNP)
<br />Contributions - State
<br />Contributions - City
<br />Net investment income
<br />Other additions
<br />Benefit payments
<br />Administrative expense
<br />Net change in PFNP
<br />PFNP - beginning
<br />PFNP - ending
<br />Net pension liability/ (asset) - ending
<br />Plan fiduciary net position as a
<br />percentage of the total pension
<br />liability
<br />City of Elk River
<br />Schedule of Changes in Net Pension Liability and Related Ratios -
<br />Elk River Fire Relief Association
<br />Last Ten Years*
<br />2015
<br />2016
<br />2017
<br />2018
<br />2019
<br />2020
<br />2021
<br />$ 93,312
<br />$
<br />99,459
<br />$
<br />107,095
<br />$
<br />101,600
<br />$
<br />107,610
<br />$
<br />138,202
<br />$
<br />154,084
<br />126,522
<br />127,413
<br />142,222
<br />146,894
<br />146,432
<br />164,617
<br />158,331
<br />-
<br />-
<br />(147,992)
<br />-
<br />(14,808)
<br />-
<br />(141,716)
<br />-
<br />297,706
<br />-
<br />11,196
<br />39,541
<br />25,224
<br />16,270
<br />62,318
<br />-
<br />55,532
<br />-
<br />645,281
<br />-
<br />-
<br />-
<br />(423,760)
<br />(147,015)
<br />-
<br />(334,581)
<br />(396,875)
<br />(228,840)
<br />282,152
<br />100,818
<br />9,842
<br />259,690
<br />589,475
<br />(68,832)
<br />(41,871)
<br />1,953,814
<br />2,235,966
<br />2,336,784
<br />2,346,626
<br />2,606,316
<br />3,195,791
<br />3,126,959
<br />$ 2,235,966
<br />$
<br />2,336,784
<br />$
<br />2,346,626
<br />$
<br />2,606,316
<br />$
<br />3,195,791
<br />$
<br />3,126,959
<br />$
<br />3,085,088
<br />$ 164,825
<br />$
<br />177,826
<br />$
<br />179,192
<br />$
<br />182,297
<br />$
<br />189,502
<br />$
<br />199,451
<br />$
<br />206,496
<br />30,000
<br />30,000
<br />30,000
<br />30,000
<br />30,000
<br />30,000
<br />30,000
<br />124,109
<br />(143,580)
<br />229,424
<br />457,331
<br />(224,880)
<br />540,907
<br />326,613
<br />(423,760)
<br />(147,015)
<br />(334,581)
<br />(396,875)
<br />(228,840)
<br />(8,634)
<br />(13,663)
<br />(12,884)
<br />(12,907)
<br />(11,963)
<br />(16,374)
<br />(13,085)
<br />310,300
<br />(373,177)
<br />278,717
<br />656,721
<br />(351,922)
<br />357,109
<br />321,184
<br />2,880,579
<br />3,190,879
<br />2,817,702
<br />3,096,419
<br />3,753,140
<br />3,401,218
<br />3,758,327
<br />$ 3,190,879
<br />$
<br />2,817,702
<br />$
<br />3,096,419
<br />$
<br />3,753,140
<br />$
<br />3,401,218
<br />$
<br />3,758,327
<br />$
<br />4,079,511
<br />$ (954,913)
<br />$
<br />(480,918)
<br />$
<br />(749,793)
<br />$
<br />(1,146,824)
<br />$
<br />(205,427)
<br />$
<br />(631,368)
<br />$
<br />(994,423)
<br />142.71%
<br />120.58%
<br />131.95%
<br />144.00%
<br />106.43%
<br />120.19%
<br />132.23%
<br />Schedule of City Contributions -
<br />Elk River Fire Relief Association
<br />Last Ten Years*
<br />2015
<br />2016
<br />2017
<br />2018
<br />2019
<br />2020
<br />2021
<br />Statutorily required contribution (a)
<br />$ 174,826 $
<br />179,192 $
<br />182,297 $
<br />189,502 $
<br />199,424 $
<br />206,496
<br />$ 220,909
<br />Actual contributions paid (b)
<br />204,826
<br />209,192
<br />212,297
<br />219,502
<br />229,424
<br />236,496
<br />250,909
<br />Contribution deficiency (Excess) (a-b)
<br />(30,000)
<br />(30,000)
<br />(30,000)
<br />(30,000)
<br />(30,000)
<br />(30,000)
<br />(30,000)
<br />* This schedule is intended to show information for ten
<br />years. Additional years will be displayed
<br />as they become available.
<br />See notes to required supplementary information. 109
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