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108 <br />Primary Government <br />2015 668,633$ 668,633$ -$ 8,915,107$ 7.50% <br />2016 690,811 690,811 - 9,210,813 7.50% <br />2017 706,711 706,711 - 9,422,813 7.50% <br />2018 736,804 736,804 - 9,824,053 7.50% <br />2019 753,933 753,933 - 10,052,440 7.50% <br />2020 810,637 810,637 - 10,808,493 7.50% <br />2021 886,693 886,693 - 11,822,573 7.50% <br />2022 923,995 923,995 - 12,319,933 7.50% <br />2023 972,578 972,578 - 12,967,707 7.50% <br />2024 995,347 995,347 - 13,271,293 7.50% <br />Component Unit - Housing and Redevelopment Authority <br />2015 4,212$ 4,212$ -$ 56,160$ 7.50% <br />2016 4,352 4,352 - 58,027 7.50% <br />2017 4,494 4,494 - 59,920 7.50% <br />2018 4,810 4,810 - 64,133 7.50% <br />2019 5,040 5,040 - 67,200 7.50% <br />2020 4,629 4,629 - 61,720 7.50% <br />2021 3,678 3,678 - 49,040 7.50% <br />2022 4,665 4,665 - 62,200 7.50% <br />2023 5,799 5,799 - 77,320 7.50% <br />2024 6,243 6,243 - 83,240 7.50% <br />City of Elk River <br />Schedule of City Contributions - <br />General Employees Retirement Fund <br />Last Ten Years <br />Fiscal Year <br />Ending <br />December 31, <br />Statutorily <br />Required <br />Contribution <br />Contributions <br />in Relation to <br />the Statutorily <br />Required <br />Contributions <br />Contribution <br />Deficiency <br />(Excess) <br />City's Covered- <br />Employee <br />Payroll <br />Contributions <br />as a <br />Percentage of <br />Covered- <br />Employee <br />Payroll <br />Contribution <br />Deficiency <br />(Excess) <br />City's Covered- <br />Employee <br />Payroll <br />Contributions <br />as a <br />Percentage of <br />Covered- <br />Employee <br />Payroll <br />Statutorily <br />Required <br />Contribution <br />Contributions <br />in Relation to <br />the Statutorily <br />Required <br />Contributions <br />Fiscal Year <br />Ending <br />December 31, <br />Page 298 of 637