2018 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE SCHEDULE OF CITY CONTRIBUTIONS LAST 10 YEARS GENERAL EMPLOYEES RETIREMENT FUND

Contributions in Relation to the Statutorily Required Contributions

Contribution Deficiency (Excess)

Statutorily Required Contribution

Contributions as a Percentage of Covered Payroll

City's Covered Payroll

December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015 For the Fiscal Year Ended

$

544,381 499,333 459,555 416,647

$

544,381 499,333 459,555 416,647

$

- - - -

$

7,258,413 6,657,773 6,127,400 5,555,293

7.50% 7.50% 7.50% 7.50%

* Schedule is to be provided prospectively beginning with the City's fiscal year ended June 30, 2015, or after.

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