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Elk River Municipal Utilities
<br />Elk River, Minnesota
<br />Required Supplementary Information
<br />For the Year Ended December 31, 2024
<br />Schedule of Employer's Share of Public Employees Retirement Association Net Pension Liability - General Employees
<br />Fund
<br />Utilities
<br />State's
<br />Proportionate
<br />Proportionate
<br />Share of the
<br />Utilities
<br />Share of
<br />Net Pension
<br />Proportionate
<br />the Net Pension
<br />Liability as a
<br />Plan Fiduciary
<br />Utilities
<br />Share of
<br />Liability
<br />Utilities
<br />Percentage of
<br />Net Position
<br />Fiscal
<br />Proportion of
<br />the Net Pension
<br />Associated with
<br />Covered
<br />Covered
<br />as a Percentage
<br />Year
<br />the Net Pension
<br />Liability
<br />the Utilities
<br />Total
<br />Payroll
<br />Payroll
<br />of the Total
<br />Ending
<br />Liability
<br />(a)
<br />(b)
<br />(a+b)
<br />(c)
<br />(a/c)
<br />Pension Liability
<br />06/30/24
<br />0.0551 %
<br />$ 2,037,020
<br />$ 52,673
<br />$ 2,089,693
<br />$ 4,663,185
<br />43.7 %
<br />86.7 %
<br />06/30/23
<br />0.0576
<br />3,220,927
<br />88,808
<br />3,309,735
<br />4,581,529
<br />70.3
<br />83.1
<br />06/30/22
<br />0.0570
<br />4,514,419
<br />132,415
<br />4,646,834
<br />4,272,380
<br />105.7
<br />76.7
<br />06/30/21
<br />0.0550
<br />2,348,746
<br />71,625
<br />2,420,371
<br />3,957,147
<br />59.4
<br />87.0
<br />06/30/20
<br />0.0540
<br />3,237,547
<br />99,718
<br />3,337,265
<br />3,848,179
<br />84.1
<br />79.0
<br />06/30/19
<br />0.0520
<br />2,874,964
<br />89,329
<br />2,964,293
<br />3,680,233
<br />78.1
<br />80.2
<br />06/30/18
<br />0.0520
<br />2,884,747
<br />94,615
<br />2,979,362
<br />3,494,641
<br />82.5
<br />79.5
<br />06/30/17
<br />0.0540
<br />3,447,324
<br />43,337
<br />3,490,661
<br />3,478,022
<br />99.1
<br />75.9
<br />06/30/16
<br />0.0508
<br />4,124,708
<br />53,908
<br />4,178,616
<br />3,151,720
<br />130.9
<br />68.9
<br />06/30/15
<br />0.0478
<br />2,477,244
<br />-
<br />2,477,244
<br />2,811,834
<br />88.1
<br />78.2
<br />Schedule of Employer's Public Employees Retirement Association Contributions - General Employees Fund
<br />Year
<br />Ending
<br />Statutorily
<br />Required
<br />Contribution
<br />(a)
<br />Contributions in
<br />Relation to the
<br />Statutorily
<br />Required
<br />Contribution
<br />(b)
<br />Contribution
<br />Deficiency
<br />(Excess)
<br />(a-b)
<br />Utilities
<br />Covered
<br />Payroll
<br />(c)
<br />Contributions as
<br />a Percentage of
<br />Covered Payroll
<br />(b/c)
<br />12/31 /24
<br />$ 349,758 $
<br />349,758 $
<br />- $ 4,663,435
<br />7.5 %
<br />12/31 /23
<br />339,650
<br />339,650
<br />- 4,528,667
<br />7.5
<br />12/31 /22
<br />333,178
<br />333,178
<br />- 4,442,376
<br />7.5
<br />12/31/21
<br />312,376
<br />312,376
<br />- 4,165,013
<br />7.5
<br />12/31/20
<br />289,644
<br />289,644
<br />- 3,861,920
<br />7.5
<br />12/31 /19
<br />285,668
<br />285,668
<br />- 3,808,909
<br />7.5
<br />12/31/18
<br />265,424
<br />265,424
<br />- 3,538,988
<br />7.5
<br />12/31 /17
<br />257,780
<br />257,780
<br />- 3,437,072
<br />7.5
<br />12/31 /16
<br />244,012
<br />244,012
<br />- 3,253,493
<br />7.5
<br />12/31 /15
<br />230,074
<br />230,074
<br />- 3,067,659
<br />7.5
<br />52
<br />115
<br />
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