2021 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

SCHEDULE OF COMPONENT UNIT CONTRIBUTIONS LAST 10 YEARS GENERAL EMPLOYEES RETIREMENT FUND

Contributions in Relation to the Statutorily

Statutorily Required Contribution

Contribution Deficiency

Contributions as a percentage of Covered Payroll

Required

City's Covered

For the Fiscal Year Ended

Contributions

(Excess)

Payroll

$

359,999 360,080 350,018 339,188 315,791 299,473 273,227

$

359,999 360,080 350,018 339,188 315,791 299,473 273,227

$

- - - - - - -

$

4,799,987 4,801,067 4,666,907 4,522,507 4,210,547 3,992,973 3,643,027

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

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

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

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