2019 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE

SCHEDULE OF CITY CONTRIBUTIONS LAST 10 YEARS GENERAL EMPLOYEES RETIREMENT FUND

in Relation to the Statutorily Required Contributions Contributions

Contribution Deficiency (Excess)

Contributions as a percentage of Covered Payroll

Statutorily Required

For the Fiscal

City's Covered Payroll

December 31, 2019 Year Ended December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015

Contribution

7.5% 7.5% 7.5% 7.5% 7.5%

$

- - - - -

$

7,701,906 7,258,413 6,657,773 6,127,400 5,555,293

$

577,643 544,381 499,333 459,555 416,647

$

577,643 544,381 499,333 459,555 416,647

* Schedule is to be provided prospectively beginning with the City's fiscal year ended June 30, 2015, or after.

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