2023 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 Deficiency

Contributions as a percentage of Covered Payroll

For the Fiscal Year Ended

Required

City's Covered

Contribution

Contributions

(Excess)

Payroll

$

315,791 299,473 273,227 339,188 417,048 401,135 359,999 360,080 350,018

$

315,791 299,473 273,227 339,188 417,048 401,135 359,999 360,080 350,018

$

- - - - - - - - -

$

4,522,507 4,210,547 3,992,973 3,643,027 4,666,907 5,560,640 5,348,467 4,799,987 4,801,067

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

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

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

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