2024 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

Required Statutorily

Deficiency Contribution

a percentage of Covered Payroll Contributions as

For the Fiscal Year Ended

Required

City's Covered

Contribution

Contributions

(Excess)

Payroll

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

$

273,227 299,473 315,791 339,188 350,018 401,135 359,999 360,080 417,048 429,682

$

273,227 299,473 339,188 315,791 350,018 401,135 359,999 360,080 417,048 429,682

$

- - - - - - - - - -

$

3,643,027 3,992,973 4,522,507 4,210,547 4,666,907 5,348,467 4,799,987 4,801,067 5,560,640 5,729,093

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

113