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CITY OF LINO LAKES, MINNESOTA <br />REQUIRED SUPPLEMENTARY INFORMATION Statement 17 <br />SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY AND RELATED RATIOS - <br />LINO LAKES PUBLIC SAFETY DEPARTMENT - FIRE DIVISION <br />For The Year Ended December 31, 2018 <br />Fiscal year ending and measurement date December 31, 2018 December 31, 2017 <br />Total pension liability: <br />Service cost $48,182 $47,952 <br />Interest on pension liability 8,754 6,191 <br />Changes of benefit terms - - <br />Differences between expected and actual experience 69,760 (11,672) <br />Changes of assumptions - - <br />Benefit payments, including refunds of employee contributions - - <br />Net change in total pension liability 126,696 42,471 <br />Total pension liability - beginning 97,711 55,240 <br />Total pension liability - ending (a)$224,407 $97,711 <br />Plan fiduciary net position: <br />Contributions - employer $64,869 $58,800 <br />Contributions - State of Minnesota 118,144 113,797 <br />Net investment income (18,696)9,153 <br />Benefit payments, including refunds of employee contributions - - <br />Administrative expense (702)(572) <br />Net change in plan fiduciary net position 163,615 181,178 <br />Plan fiduciary net position - beginning 225,705 44,527 <br />Plan fiduciary net position - ending (b)$389,320 $225,705 <br />Net pension liability/(asset) - ending (a) - (b)($164,913)($127,994) <br />Plan fiduciary net position as a percentage of the total pension liability 173%231% <br />Covered payroll N/A N/A <br />Net pension liability as a percentage of covered employee payroll N/A N/A <br />N/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 />99