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Comprehensive Annual Financial Report 12/31/2016
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Comprehensive Annual Financial Report 12/31/2016
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8/24/2021 1:27:30 PM
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Comprehensive Annual Financial Report
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12/31/2016
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CITY OF LINO LAKES, MINNESOTA <br />REQUIRED SUPPLEMENTARY INFORMATION Statement 16 <br />SCHEDULE OF PENSION CONTRIBUTIONS - PUBLIC EMPLOYEES POLICE AND FIRE FUND <br />For The Year Ended December 31, 2016 <br />Statutorily <br />Contributions in <br />Contribution <br />Contributions as a <br />Required <br />Relation to the <br />Deficiency <br />Covered Percentage of <br />Fiscal Year Contribution <br />Statutorily Required <br />(Excess) <br />Payroll Covered <br />Ending (a) <br />Contribution (b) <br />(a -b) <br />(c) Payroll (b/c) <br />December 31, 2015 $393,551 $393,551 $ - $2,429,327 16.2% <br />December 31, 2016 424,970 424,970 - 2,623,271 16.2% <br />The schedule is provided prospectively beginning with the City's fiscal year ended December 31, 2015 and is intended to <br />show a ten year trend. Additional years will be reported as they become available. <br />r. <br />
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