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CITY OF LINO LAKES, MINNESOTA <br />REQUIRED SUPPLEMENTARY INFORMATION Statement 15 <br />SCHEDULE OF PENSION CONTRIBUTIONS - PUBLIC EMPLOYEES POLICE AND FIRE FUND <br />For The Last Ten Years <br />Statutorily <br />Contributions in <br />Contribution <br />Contributions as a <br />Fiscal Year <br />Required <br />Relation to the <br />Deficiency <br />Covered <br />Percentage of <br />Ending <br />Contribution <br />Statutorily Required <br />(Excess) <br />Payroll <br />Covered <br />December 31, <br />(a) <br />Contribution (b) <br />(a-b) <br />(c) <br />Payroll (b/c) <br />2015 <br />$393,551 <br />$393,551 <br />$ - <br />$2,429,327 <br />16.20% <br />2016 <br />424,970 <br />424,970 <br />- <br />2,623,271 <br />16.20% <br />2017 <br />416,665 <br />416,665 <br />- <br />2,572,006 <br />16.20% <br />2018 <br />420,821 <br />420,821 <br />- <br />2,597,660 <br />16.20% <br />2019 <br />452,731 <br />452,731 <br />- <br />2,670,979 <br />16.95% <br />2020 <br />444,711 <br />444,711 <br />- <br />2,512,491 <br />17.70% <br />2021 <br />479,593 <br />479,593 <br />- <br />2,709,565 <br />17.70% <br />The schedule is provided prospectively beginning with the City's fiscal year ended December 31, 2015 and is intended <br />to show a ten year trend. Additional years will be reported as they become available. <br />See accompanying notes to the required supplementary information. <br />92 <br />