2023 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

SCHEDULE OF CITY CONTRIBUTIONS LAST 10 YEARS GENERAL EMPLOYEES RETIREMENT FUND

Contributions the Statutorily Required in Relation to Contributions

Contributions as a percentage of Covered Payroll

Contribution Deficiency (Excess)

Statutorily Required

For the Fiscal

City's Covered

Payroll

December 31, 2023 Year Ended December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015

Contribution

7.5% 7.5% 7.5% 7.5% 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 8,580,333 8,099,830 9,298,458 9,011,525

$

697,384 675,864 643,525 607,487 577,643 544,381 499,333 459,555 416,647

$

459,555 416,647 499,333 577,643 544,381 697,384 675,864 643,525 607,487

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

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