11-13-2018 Council Meeting Packet

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CITY OF LINO LAKES, MINNESOTA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF PROPORTIONATE SHARE OF NET PENSION LIABILITY - GENERAL EMPLOYEES RETIREMENT FUND For The Year Ended December 31, 2017 State's Proportionate Share City's City's (Amount) Proportionate Proportionate oftheNet Share Share (Amount) Pension Measurement Fiscal Year (Percentage) of ofthe Net Liability Date Ending the Net Pension Pension Associated June 30, December 3 I, Liability Liability !a} with Ci!):(!?) 2015 2015 0.0410% $2,124,883 $ - 2016 2016 0.0387% 3,142,248 41,033 2017 2017 0.0414% 2,642,949 33,230 City's Proportionate Share of the Net Pension Liability and the State's Proportionate Share of the Net Pension Liability Associated with Covered City !&+bl Pal'.!!!11\c) $2,124,883 $2,407,426 3,183,281 2,401,546 2,676,179 2,666,880 The schedule is provided prospectively beginning with the City's fiscal year ended December 31, 2015 and is intended to show a ten year trend. Additional years will be reported as they become available. City's Proportionate Plan Share of the Fiduciary Net Net Pension Position Liability asa asa Percentage Percentage of the of its Total Covered Pension P~U !!a+b~cl Liability 88.3% 78.2% 132.6% 68.9% 100.3% 75.9% CITY OF LINO LAKES, MINNESOTA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF PENSION CONTRIBUTIONS -GENERAL EMPLOYEES RETIREMENT FUND For The Year Ended December 31, 2017 Statutorily Contributions in Contribution Fiscal Year Required Relation to the Deficiency Covered Ending Contribution Statutorily Required (Excess) Payroll December 31,__ (a) Contribution (b) (a-b) (c) 2015 $182,102 $182,102 $ $2,428,027 2016 193,684 193,684 2,582,452 2017 192,510 192,510 2,566,800 Contributions as a Percentage of Covered Pa:z:roll (b/c) 7.5% 7.5% 7.5% The schedule is provided prospectively beginning with the City's fiscal year ended December 31, 2015 and is intended to show a ten year trend. Additional years will be reported as they become available. IV-42