2024 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

SCHEDULE OF CITY CONTRIBUTIONS LAST 10 YEARS GENERAL EMPLOYEES RETIREMENT FUND

in Relation to the Statutorily Required Contributions Contributions $

Statutorily Required

Contribution Deficiency (Excess)

Contributions as a percentage of Covered Payroll

For the Fiscal

City's Covered

December 31, 2017 December 31, 2016 December 31, 2015 December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2024 Year Ended

Contribution

Payroll

$

607,487 577,643 544,381 499,333 459,555 416,647 697,384 675,864 643,525 760,715

760,715 697,384 675,864 643,525 607,487 577,643 544,381 499,333 459,555 416,647

$

- - - - - - - - - -

$

9,011,525 8,580,333 8,099,830 7,701,906 7,258,413 6,657,773 6,127,400 5,555,293 10,142,865 9,298,458

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

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