2021 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

SCHEDULE OF CITY CONTRIBUTIONS LAST 10 YEARS GENERAL EMPLOYEES RETIREMENT FUND

Contributions in Relation to the Statutorily Required Contributions

Contributions as a percentage of Covered Payroll

Contribution Statutorily Required

Contribution Deficiency (Excess)

City's Covered Payroll

For the Fiscal

December 31, 2021 Year Ended December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015

$

- - - - - - -

7.5% 7.5% 7.5% 7.5% 7.5% 7.5% 7.5%

$

643,525 607,487 577,643 544,381 499,333 459,555 416,647

$

8,580,333 8,099,830 7,701,906 7,258,413 6,657,773 6,127,400 5,555,293

$

643,525 607,487 577,643 544,381 499,333 459,555 416,647

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

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