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CITY OF LINO LAKES, MINNESOTA <br />REQUIRED SUPPLEMENTARY INFORMATION Statement 14 <br />SCHEDULE OF PENSION CONTRIBUTIONS - GENERAL EMPLOYEES RETIREMENT 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 />$182,102 <br />$182,102 <br />$ - <br />$2,428,027 <br />7.5% <br />2016 <br />193,684 <br />193,684 <br />- <br />2,582,452 <br />7.5% <br />2017 <br />192,510 <br />192,510 <br />- <br />2,566,800 <br />7.5% <br />2018 <br />202,526 <br />202,526 <br />- <br />2,700,347 <br />7.5% <br />2019 <br />208,807 <br />208,807 <br />- <br />2,784,089 <br />7.5% <br />2020 <br />206,802 <br />206,802 <br />- <br />2,757,351 <br />7.5% <br />2021 <br />223,767 <br />223,767 <br />- <br />2,983,557 <br />7.5% <br />2022 <br />272,865 <br />272,865 <br />- <br />3,638,203 <br />7.5% <br />2023 <br />305,242 <br />305,242 <br />- <br />4,071,180 <br />7.5% <br />2024 <br />321,519 <br />321,519 <br />- <br />4,286,920 <br />7.5% <br />See accompanying notes to the required supplementary information. <br />97 <br />