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CITY OF LINO LAKES, MINNESOTA <br />REQUIRED SUPPLEMENTARY INFORMATION <br />SCHEDULE OF CHANGES IN 1HE NET PENSION LIABILITY AND RELATED RATIOS - <br />LINO LAKES PUBLIC SAFETY DEPARTMENT -FIRE DIVISION <br />For The Year Ended December 31, 2017 <br />Fiscal year ending and measurement date <br />Total pension liability: <br />December 31, 2017 <br />Service cost <br />Interest on pension liability <br />Changes of benefit terms <br />Differences between expected and actual experience <br />Changes of assumptions <br />Benefit payments, including refunds of employee contributions <br />Net change in total pension liability <br />Total pension liability -beginning <br />Total pension liability -ending (a) <br />Plan fiduciary net position: <br />Contributions -employer <br />Contributions -State of Minnesota <br />Net investment income <br />Benefit payments, including refunds of employee contributions <br />Administrative expense <br />Net change in plan fiduciary net position <br />Plan fiduciary net position -beginning <br />Plan fiduciary net position -ending (b) <br />Net pension liabilityl(asset) -ending (a) -(b) <br />$47,952 <br />6,191 <br />(11,672) <br />42,471 <br />55,240 <br />$97,711 <br />$58,800 <br />113,797 <br />9,153 <br />~ <br />181,178 <br />44,527 <br />$225,705 <br />($127,994) <br />231.0% Plan fiduciary net position as a percentage of the total pension liability <br />Covered payroll NIA <br />Net pension liability as a percentage of covered employee payroll NIA <br />NI A -the Lino Lakes Fire Department is comprised of paid on-call firefighters, whose pay does <br />not meet the definition of covered payroll. <br />The City created its own fire department in 2016. Therefore, information prior to 2016 is not available. <br />December 31, 2016 <br />$38,419 <br />3,568 <br />(7,804) <br />34,183 <br />21,057 <br />$55,240 <br />$44,394 <br />133 <br />44,527 <br />$44,527 <br />$10,713 <br />80.6% <br />NIA <br />NIA <br />CITY OF LINO LAKES, MINNESOTA <br />REQUIRED SUPPLEMENT ARY INFORMATION <br />SCHEDULE OF CONTRIBUTIONS -LINO LAKES PUBLIC SAFETY DEPARTMENT-FIRE DIVISION <br />For The Year Ended December 31, 2017 <br />Statutorily Contributions in Contribution <br />Fiscal Year Required Relation to the Deficiency Covered <br />Ending Contribution Statutorily Required (Excess) <br />December 31, (a) Contribution (b) (a-b) <br />2016 $ $44,394 ($44,394) <br />2017 58,800 (58,800) <br />NI A -the Lino Lakes Fire Department is comprised of paid on-call firefighters, whose pay does not <br />meet the defintion of covered payroll. <br />Payroll <br />(c) <br />NIA <br />NIA <br />The City created its own fire department in 2016. Therefore, information prior to 2016 is not available. <br />Contributions as a <br />Percentage of <br />Covered-Employee <br />Payroll (blc) <br />NIA <br />NIA IV-44