2025 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 with the City Associated $ 217,107 Liability

Pension Liability and

Net Position

City's

City's

the State's

as a

0.4810% 0.4680% 0.4810% 0.4977% 0.4727% 0.4987% 0.5126% 0.4749% 0.4683% Liability 0.5345% Pension of the Net Proportion

Share of the Net Pension Proportionate

of the Net Pension Proportionate Share Liability Associated

Percentage of the Total

City's

June 30, 2020 June 30, 2021 June 30, 2022 June 30, 2019 June 30, 2018 June 30, 2023 June 30, 2024 Year Ended June 30, 2025 For the Fiscal June 30, 2017 June 30, 2016

Payroll Covered

139.88% 101.14% 98.65% 389.07% 116.74% 358.25% 63.91% 131.51% 95.01% 77.20% Payroll Covered

63.88% 85.40% 88.80% 86.61% 89.30% 70.53% 93.70% 86.50% 90.20% 91.80% Liability Pension

Liability

with the City

$

6,494,072 18,781,654 5,126,965 6,560,219 3,648,743 21,701,454 5,457,145 8,200,906 6,160,699 6,263,020

$

6,494,072 18,781,654 5,126,965 6,560,219 3,812,796 22,649,337 8,531,225 6,395,542 5,457,145 6,480,127

$

4,642,761 4,827,360 5,069,010 5,619,672 5,709,197 6,057,666 6,235,796 6,484,423 5,531,821 8,112,583

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

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