2016-04-27 CC Packet - Laserfiche WebLink

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CITY OF CENTERVILLE, MINNESOTA REQUIRED SUPPLEMENTARY INFORMATION DECEMBER 31, 2015 Schedule of employer's share of PERA net pension liability - General Employees Retirement Fund Schedule of employer's PERA contributions - General Employees Retirement Fund Year Ending 12/31/15 Required Supplementary Information Contributions in Required Supplementary Information Relation to the Statutorily City's Contribution City's Contributions as Required State's Deficiency Proportionate a Percentage of Contribution Contribution (Excess) Proportionate Covered Payroll Share of the (b) (a -b) (c) City's Share of Net Pension Proportionate the Net Pension Liability as a Plan Fiduciary City's Share of Liability City's Percentage of Net Position Fiscal Proportion of the Net Pension Associated with Covered Covered as a Percentage Year the Net Pension Liability the City Total Payroll Payroll of the Total Ending Liability (a) (b) (a+b) (c) ((a+b)/c) Pension Liability 06/30/15 0.0083 % $ 430,149 $ - $ 430,149 $ 485,532 88.6 % 78.2 % Schedule of employer's PERA contributions - General Employees Retirement Fund Year Ending 12/31/15 Required Supplementary Information $ 37,110 $ 37,110 $ -70- - $ 494,800 7.5 % Contributions in Relation to the Statutorily Statutorily Contribution City's Contributions as Required Required Deficiency Covered a Percentage of Contribution Contribution (Excess) Payroll Covered Payroll (a) (b) (a -b) (c) (b/c) $ 37,110 $ 37,110 $ -70- - $ 494,800 7.5 %