2024 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

LAST 10 YEARS PUBLIC EMPLOYEES POLICE AND FIRE RETIREMENT FUND SCHEDULE OF CITY'S PROPORTIONATE SHARE OF NET PENSION LIABILITY

City's Proportionate

City's

Plan

State's

Share of the Net

Percentage of Liability as a Net Pension Share of the Proportionate

Fiduciary

Share of the Proportionate Net Pension

Pension Liability and

Net Position

City's

City's

the State's

as a

0.4680% 0.4720% 0.4810% 0.4810% 0.5126% 0.4977% 0.4727% 0.4987% 0.4749% Liability 0.4683% Pension of the Net Proportion

Share of the Net Pension Proportionate

of the Net Pension Liability Associated Proportionate Share

Percentage of the Total

Liability

City's

June 30, 2019 June 30, 2020 June 30, 2021 June 30, 2018 June 30, 2017 June 30, 2022 June 30, 2023 Year Ended June 30, 2024 For the Fiscal June 30, 2016 June 30, 2015

with the City Associated

Payroll Covered

389.07% 139.88% 101.14% 132.37% 98.65% 63.91% 116.74% 358.25% 131.51% 95.01% Covered Payroll

0.00% 86.61% 63.88% 85.40% 88.80% 93.70% 89.30% 70.53% 86.50% 90.20% Pension Liability

Liability

with the City

$

18,781,654 5,363,024 6,494,072 5,457,145 6,560,219 3,648,743 5,126,965 21,701,454 8,200,906 6,160,699

$

164,053 947,883 330,319 234,843

$

18,781,654 5,363,024 6,494,072 5,457,145 6,560,219 3,812,796 22,649,337 8,531,225 5,126,965 6,395,542

$ 6,484,423

4,827,360 4,051,444 4,642,761 5,531,821 5,619,672 5,709,197 6,057,666 6,235,796 5,069,010

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