|
110
<br />2015 2016 2017 2018
<br />Service cost $ 93,312 $ 99,459 $ 107,095 $ 101,600
<br />126,522 127,413 142,222 146,894
<br />Differences between expected
<br />and actual experience - - (147,992) -
<br />Changes of assumptions -297,706 - 11,196
<br />Changes of benefit terms 62,318 - 55,532 -
<br />Benefit payments - (423,760)(147,015)-
<br />Net change in TPL 282,152 100,818 9,842 259,690
<br />TPL - beginning 1,953,814 2,235,966 2,336,784 2,346,626
<br />TPL - ending 2,235,966$ 2,336,784$ 2,346,626$ 2,606,316$
<br />Plan Fiduciary Net Position (PFNP)
<br />Contributions - State 164,825$ 177,826$ 179,192$ 182,297$
<br />Contributions - City 30,000 30,000 30,000 30,000
<br />Net investment income 124,109 (143,580) 229,424 457,331
<br />Other additions - - - -
<br />Benefit payments - (423,760)(147,015) -
<br />Administrative expense (8,634) (13,663) (12,884) (12,907)
<br />Net change in PFNP 310,300 (373,177) 278,717 656,721
<br />PFNP - beginning 2,880,579 3,190,879 2,817,702 3,096,419
<br />PFNP - ending 3,190,879$ 2,817,702$ 3,096,419$ 3,753,140$
<br /> $ (954,913)(480,918)$ (749,793)$ (1,146,824)$
<br />142.71%120.58%131.95%144.00%
<br />2015 2016 2017 2018
<br />Statutorily required contribution (a) $ 174,826 $ 179,192 $ 182,297 $ 189,502
<br />204,826 209,192 212,297 219,502
<br />Contribution deficiency (excess) (a-b)(30,000) (30,000) (30,000) (30,000)
<br />* This schedule is intended to show information for ten years. Additional years will be displayed
<br />as they become available.
<br />Actual contributions paid (b)
<br />Interest on the pension liability
<br />Total Pension Liability (TPL)
<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 />Net pension liability/(asset) - ending
<br />Plan fiduciary net position as a
<br /> percentage of the total pension
<br /> liability
<br />Schedule of City Contributions -
<br />Elk River Fire Relief Association
<br />Last Ten Years*
<br />Page 300 of 637
|