2025 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

Statutorily Required

Contribution Deficiency

Contributions as a percentage of Covered Payroll

December 31, 2024 December 31, 2023 For the Fiscal Year Ended December 31, 2025 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016

Required

City's Covered

Contribution

Contributions

(Excess)

Payroll

$

446,999 429,682 417,048 401,135 359,999 360,080 350,018 339,188 315,791 299,473

$

446,999 429,682 417,048 401,135 359,999 360,080 350,018 339,188 315,791 299,473

$

- - - - - - - - - -

$

5,959,987 5,729,093 5,560,640 5,348,467 4,799,987 4,801,067 4,666,907 4,522,507 4,210,547 3,992,973

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

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