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IV-46CITY OF LINO LAKES, MINNESOTA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF PENSION CONTRIBUTIONS -PUBLIC EMPWYEES POLICE AND FIRE FUND For The Year Ended December 31, 2018 Statutorily Contributions in Contribution Fiscal Year Required Relation to the Deficiency Covered Ending Contribution Statutorily Required (Excess) Payroll December 31,..._ (a) Contribution (!!2 (a-b) (c) 2015 $393,551 $393,551 $ $2,429,327 2016 424,970 424,970 2,623,271 2017 416,665 416,665 2,572,006 2018 420,821 420,821 2,597,660 Contributions as a Percentage of Covered Pa;e?ll Q!!c) 16.2% 16.2% 16.2% 16.2% 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 OF LINO LAKES, MINNESOTA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF CHANGES IN TIIE NET PENSION LIABILITY AND RELATED RATIOS -LINO LAKES PUBLIC SAFETY DEPARTMENT-FIRE DMSION For The Year Ended December 31, 2018 Fiscal year ending and measurement date Total pension liability: Service cost Interest on pension liability Changes of benefit terms Differences between expected and actual experience Changes of assumptions Benefit payments, including refunds of employee contributions Net change in total pension liability Total pension liability -beginning Total pension liability-ending (a) Plan fiduciary net position: Contributions -employer Contributions -State of Minnesota Net investment income Benefit payments, including refunds of employee contributions Administrative expense Net change in plan fiduciary net position Plan fiduciary net position -beginning Plan fiduciary net position -ending (b) Net pension Iiabilityl(asset) -ending (a) -(b) Plan fiduciary net position as a percentage of the total pension liability Covered payroll Net pension liability as a percentage of covered employee payroll December 31, 2018 $48,182 8,754 69,760 126,696 97,711 $224,407 $64,869 118,144 (18,696) (702) 163,615 225,705 $389,320 ($164,913) 173% NIA NIA NIA-the Lino Lakes Fire Department is comprised of paid on-call firefighters, whose pay does not meet the definition of covered payroll. The City created its own fire department in 2016. Therefore, information prior to 2016 is not available. December 31, 2017 $47,952 6,191 (11,672) 42,471 55,240 $97,711 $58,800 113,797 9,153 (572) 181,178 44,527 $225,705 ($127,994) 231% NIA NIA
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