2018 City of Shakopee Comprehensive Annual Financial Report

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

Contributions in Relation to the Statutorily Required Contributions

Statutorily Required Contribution

Contribution Deficiency (Excess)

Contributions as a Percentage of Covered Payroll

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

City's Covered Payroll

$

851,625 788,803 761,951 720,513

$

851,625 788,803 761,951 720,513

$

- - - -

$

5,256,945 4,869,154 4,703,401 4,447,611

16.20% 16.20% 16.20% 16.20%

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

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