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City of Elk River
<br />Schedule of City's Proportionate Share
<br />of Net Pension Liability - General Employees Retirement Fund
<br />Last Ten Years
<br />Primary Government
<br />City's
<br />Proportionate
<br />Share of the
<br />Net Pension
<br />City's
<br />State's
<br />Liability and
<br />Proportionate
<br />Proportionate
<br />the State's
<br />Share of the
<br />City's
<br />City's
<br />Share
<br />Proportionate
<br />Net Pension
<br />Plan Fiduciary
<br />Proportionate
<br />Proportionate
<br />(Amount) of
<br />Share of the
<br />Liability
<br />Net Position as
<br />Share
<br />Share
<br />the Net Pension
<br />Net Pension
<br />(Asset) as a
<br />a Percentage of
<br />For Fiscal
<br />(Percentage) of
<br />(Amount) of
<br />Liability
<br />Liability
<br />Percentage of
<br />the Total
<br />Year Ended
<br />the Net Pension
<br />the Net Pension
<br />Associated
<br />Associated
<br />City's Covered
<br />its Covered
<br />Pension
<br />June 30,
<br />Liability (Asset)
<br />Liability (Asset)
<br />with the City
<br />with the City
<br />Payroll
<br />Payroll
<br />Liability
<br />2014
<br />0.1587%
<br />$ 7,454,930
<br />$
<br />$ 7,454,930
<br />$ 8,332,262
<br />89.47%
<br />78.70%
<br />2015
<br />0.1438%
<br />7,452,462
<br />7,452,462
<br />8,712,032
<br />85.54%
<br />78.19%
<br />2016
<br />0.1435%
<br />11,651,488
<br />152,173
<br />11,803,661
<br />8,902,000
<br />130.89%
<br />68.91%
<br />2017
<br />0.1515%
<br />9,611,075
<br />120,624
<br />9,731,699
<br />9,695,118
<br />99.13%
<br />75.90%
<br />2018
<br />0.1444%
<br />8,060,648
<br />261,004
<br />8,321,652
<br />9,702,980
<br />83.07%
<br />79.53%
<br />2019
<br />0.1443%
<br />7,977,792
<br />247,930
<br />8,225,722
<br />10,216,960
<br />78.08%
<br />80.23%
<br />2020
<br />0.1503%
<br />9,013,814
<br />277,843
<br />9,291,657
<br />10,715,865
<br />84.12%
<br />79.06%
<br />2021
<br />0.1548%
<br />6,610,551
<br />201,689
<br />6,812,240
<br />11,138,929
<br />59.35%
<br />87.00%
<br />2022
<br />0.1606%
<br />12,716,785
<br />372,972
<br />13,089,757
<br />12,032,776
<br />105.68%
<br />76.67%
<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 />HRA's
<br />Proportionate
<br />Share of the
<br />Net Pension
<br />F[RA's
<br />State's
<br />Liability and
<br />Proportionate
<br />Proportionate
<br />the State's
<br />Share of the
<br />HRA's
<br />HRA's
<br />Share
<br />Proportionate
<br />Net Pension
<br />Plan Fiduciary
<br />Proportionate
<br />Proportionate
<br />(Amount) of
<br />Share of the
<br />Liability
<br />Net Position as
<br />Share
<br />Share
<br />the Net Pension
<br />Net Pension
<br />(Asset) as a
<br />a Percentage of
<br />For Fiscal
<br />(Percentage) of
<br />(Amount) of
<br />Liability
<br />Liability
<br />HRA's
<br />Percentage of
<br />the Total
<br />Year Ended
<br />the Net Pension
<br />the Net Pension
<br />Associated
<br />Associated
<br />Covered
<br />its Covered
<br />Pension
<br />June 30,
<br />Liability (Asset)
<br />Liability (Asset)
<br />with the BRA
<br />with the HRA
<br />Payroll
<br />Payroll
<br />Liability
<br />2014
<br />0.0010%
<br />$ 46,966
<br />$
<br />$ 46,966
<br />$ 52,493
<br />89.47%
<br />78.70%
<br />2015
<br />0.0009%
<br />46,951
<br />46,951
<br />54,886
<br />85.54%
<br />78.19%
<br />2016
<br />0.0009%
<br />73,404
<br />959
<br />74,363
<br />59,083
<br />124.24%
<br />68.91%
<br />2017
<br />0.0010%
<br />60,586
<br />1,170
<br />61,756
<br />61,433
<br />98.62%
<br />75.90%
<br />2018
<br />0.0009%
<br />51,835
<br />1,698
<br />53,533
<br />62,892
<br />82.42%
<br />79.53%
<br />2019
<br />0.0010%
<br />55,520
<br />1,725
<br />57,245
<br />66,193
<br />83.88%
<br />80.23%
<br />2020
<br />0.0009%
<br />51,316
<br />1,582
<br />52,898
<br />61,042
<br />84.07%
<br />79.06%
<br />2021
<br />0.0006%
<br />25,725
<br />785
<br />26,510
<br />43,351
<br />59.34%
<br />87.00%
<br />2022
<br />0.0008%
<br />66,148
<br />1,940
<br />68,088
<br />62,584
<br />105.70%
<br />76.67%
<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. 102
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