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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, 2017 <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 />Statutorily <br />Contributions in <br />Contribution <br />Contributions as a <br />Fiscal Year <br />Required <br />Relation to the <br />Deficiency <br />Covered <br />Percentage of <br />Ending <br />Contribution <br />Statutorily Required <br />(Excess) <br />Payroll <br />Covered <br />December 31, <br />(a) <br />Contribution (b) <br />(a -b) <br />(c) <br />Payroll (b/c) <br />2015 <br />$393,551 <br />$393,551 <br />$ - <br />$2,429,327 <br />16.2% <br />2016 <br />424,970 <br />424,970 <br />- <br />2,623,271 <br />16.2% <br />2017 <br />416,665 <br />416,665 <br />- <br />2,572,006 <br />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 />