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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 <br />SCHEDULE OF FUNDING PROGRESS - RETIREE HEALTH PLAN <br />For The Year Ended December 31, 2016 <br />Statement 12 <br />V► <br />Unfunded <br />Actuarial <br />Actuarial <br />Actuarial <br />UAAL as a <br />Actuarial <br />Value of <br />Accrued <br />Accrued <br />Funded <br />Covered <br />Percentage of <br />Valuation <br />Assets <br />Liability (AAL) <br />Liability (URAL) <br />Ratio <br />Payroll <br />Covered Payroll <br />Date <br />(a) <br />(b) <br />(b -a) <br />(a/b) <br />(c) <br />( (b -a) / c) <br />January 1, 2008 <br />$0 <br />$329,191 <br />$329,191 <br />0.0% <br />$4,859,980 <br />6.8% <br />January 1, 2011 <br />$0 <br />$474,770 <br />$474,770 <br />0.0% <br />$4,888,702 <br />9.7% <br />January 1, 2014 <br />$0 <br />$547,626 <br />$547,626 <br />0.0% <br />$5,265,020 <br />10.4% <br />V► <br />
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