2019 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE

SCHEDULE OF CITY CONTRIBUTIONS LAST 10 YEARS PUBLIC EMPLOYEES POLICE AND FIRE RETIREMENT FUND

Contributions in Relation to the Statutorily

Required Statutorily

Deficiency Contribution

a percentage of Covered Payroll Contributions as

For the Fiscal Year Ended

Required

City's Covered

Contribution

Contributions

(Excess)

Payroll

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

$

788,803 761,951 720,513 851,625 947,168

$

788,803 761,951 720,513 851,625 947,168

$

- - - - -

$

4,869,154 4,703,401 4,447,611 5,256,945 5,588,012

16.20% 16.20% 16.20% 16.20% 16.95%

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

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