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CITY OF LINO LAKES, MINNESOTA
<br />REQUIRED SUPPLEMENTARY INFORMATION
<br />SCHEDULE OF CHANGES IN TilE NET PENSION LIABILITY ANO RELAIBD RATIOS·
<br />LINO LAKES PUBLIC SAFETY DEPARTMENT-FIRE DMSION
<br />For Toe Last Ten Years
<br />Fiscal year ending and measurement date
<br />Total pension liability:
<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 refwtds of employee contributions
<br />Not 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 />Contributions -other
<br />Net investment income
<br />Benefit payments, including refwtds 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 />Not pension liability/(assot)-ending (a) -(b)
<br />Plan fiduciary net position as a percentage of the total pension liability
<br />Covered payroll
<br />Not pension liability as a percentage of covered employee payroll
<br />December 31, 2019
<br />$52,320
<br />16,603
<br />(22,680)
<br />46,243
<br />224,407
<br />$270,650
<br />$
<br />121,630
<br />78,063
<br />~
<br />198,999
<br />389,320
<br />$588,319
<br />($317,669!
<br />217%
<br />N/A
<br />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 />Toe City created its own fire department in 2016. Therefore, information prior to 2016 is not available.
<br />Additional years will be reported as they become available.
<br />December 31, 2018
<br />$48,182
<br />8,754
<br />69,760
<br />126,696
<br />97,711
<br />$224,407
<br />$
<br />118,144
<br />64,869
<br />(18,696)
<br />(702!
<br />163,615
<br />225,705
<br />$389,320
<br />!S164,913!
<br />173%
<br />NIA
<br />N/A
<br />See accompanying notes to the required supplementary information.
<br />December 31, 2017
<br />$47,952
<br />6,191
<br />(11,672)
<br />42,471
<br />SS,240
<br />$97,711
<br />113,797
<br />58,800
<br />9,153
<br />(572!
<br />181,178
<br />44,527
<br />$225,705
<br />!S127,994!
<br />231%
<br />N/A
<br />N/A
<br />CITY OF LINO LAKES, MINNESOTA
<br />REQUIRED SUPPLEMENTARY INFORMATION
<br />SCHEDULE OF CONfRIBUTIONS -LINO LAKES PUBLIC SAFETY DEPARTMENT-FIRE DIVISION
<br />For The Last Ten Years
<br />Statutorily Contributions in Contribution
<br />Fiscal Year Required Relation to the Deficiency
<br />Ending Contribution Statutorily Required (Excess)
<br />December 31,..._ (a) Contribution (b) (a-b)
<br />2016 $ $44,394 ($44,394)
<br />2017
<br />2018
<br />2019
<br />NI A -the Lino Lalces Fire Department is comprised of paid on-call firefighters, whose pay does not
<br />meet the defmtion of covered payroll.
<br />Covered
<br />Payroll
<br />(c)
<br />NIA
<br />NIA
<br />NIA
<br />NIA
<br />The City created its own fire department in 2016. Therefore, infonnation prior to 2016 is not available. available
<br />Additional years will be reported as they become
<br />See accompanying notes to the required supplementary infonmation.
<br />Contributions as a
<br />Percentage of
<br />Covered-Employee
<br />Pa2'.!:!!ll~/c)
<br />NIA
<br />NIA
<br />NIA
<br />NIA IV-43
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