2024 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

LAST 10 YEARS PUBLIC EMPLOYEES POLICE AND FIRE RETIREMENT FUND SCHEDULE OF CITY CONTRIBUTIONS

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 $ 1,296,505

(Excess)

Payroll

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

$

1,103,809 1,084,634 1,044,257 1,296,505

$

- - - - - - - - - -

$

7,324,889 6,236,212 6,127,876 5,899,757 5,750,663 5,588,012 5,256,945 4,869,154 4,703,401 4,447,611

17.70% 17.70% 17.70% 17.70% 16.95% 16.95% 16.20% 16.20% 16.20% 16.20%

1,103,809 1,084,634 1,044,257

947,168 851,625 788,803 974,737 761,951 720,513

947,168 851,625 788,803 974,737 761,951 720,513

112