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City of Little Canada, Minnesota
<br />Required Supplementary Information
<br />For the Year Ended December 31, 2023
<br />Schedule of Employer’s Share of PERA Net Pension Liability - General Employees Fund
<br />State's
<br />Proportionate
<br />City's Share of
<br />Proportionate the Net Pension
<br />Share of Liability City's
<br />Fiscal the Net Pension Associated with Covered
<br />Year Liability the City Total Payroll
<br />Ending (a)(b)(a+b)(c)
<br />06/30/23 0.0196 %1,096,010$ 30,153$ 1,126,163$ 1,504,822$ 72.8 %83.1 %
<br />06/30/22 0.0186 1,473,127 43,311 1,516,438 1,400,107 105.2 76.7
<br />06/30/21 0.0177 755,868 23,031 778,899 1,320,114 57.3 87.0
<br />06/30/20 0.0168 1,007,236 31,026 1,038,262 1,197,694 84.1 79.1
<br />06/30/19 0.0158 873,546 27,165 900,711 1,118,348 78.1 80.2
<br />06/30/18 0.0172 954,185 31,362 985,547 1,160,624 82.2 79.5
<br />06/30/17 0.0169 1,078,896 13,538 1,092,434 1,086,457 99.3 75.9
<br />06/30/16 0.0177 1,437,152 - 1,437,152 1,109,852 129.5 68.9
<br />06/30/15 0.0189 979,496 - 979,496 1,117,363 87.7 78.2
<br />City's
<br />Proportionate
<br />Share of the
<br />Net Pension
<br />Plan Fiduciary
<br />City's
<br />Liability as a
<br />Net Position
<br />Proportion of
<br />Percentage of
<br />as a PercentageCovered
<br />the Net Pension Payroll of the Total
<br />Liability (a/c)Pension Liability
<br />Note: Schedule is intended to show 10-year trend. Additional years will be reported as they become available.
<br />Schedule of Employer’s PERA Contributions - General Employees Fund
<br />Contributions in
<br />Relation to the
<br />Statutorily Statutorily Contribution City's
<br />Required Required Deficiency Covered
<br />Year Contribution Contribution (Excess)Payroll
<br />Ending (a)(b)(a-b)(c)
<br />12/31/23 125,287$ 125,287$ -$ 1,670,492$ 7.50 %
<br />12/31/22 104,636 104,636 - 1,395,147 7.50
<br />12/31/21 99,331 99,331 - 1,324,413 7.50
<br />12/31/20 96,929 96,929 - 1,292,387 7.50
<br />12/31/19 85,748 85,748 - 1,143,387 7.50
<br />12/31/18 86,397 86,397 - 1,151,960 7.50
<br />12/31/17 84,726 84,726 - 1,129,680 7.50
<br />12/31/16 80,064 80,064 - 1,067,520 7.50
<br />12/31/15 84,688 84,688 - 1,129,173 7.50
<br />(b/c)
<br />Contributions as
<br />a Percentage of
<br />Covered
<br />Payroll
<br />Note: Schedule is intended to show 10-year trend. Additional years will be reported as they become available
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