2018 City of Shakopee Comprehensive Annual Financial Report

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

Contributions in Relation to the Statutorily Required Contributions

Contributions as a Percentage of Covered Payroll

Statutorily Required Contribution

Contribution Deficiency (Excess)

Component Unit's Covered Payroll

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

$

333,418 315,791 299,473 273,227

$

333,418 315,791 299,473 273,227

$

- - - -

$

4,445,573 4,210,547 3,992,973 3,643,027

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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