2020 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

Statutorily Required

Contribution Deficiency

Contributions as a percentage of Covered Payroll

For the Fiscal Year Ended

Required

City's Covered

Contribution

Contributions

(Excess)

Payroll

December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015

$

360,080 350,018 339,188 315,791 299,473 273,227

$

360,080 350,018 339,188 315,791 299,473 273,227

$

- - - - - -

$

4,801,067 4,666,907 4,522,507 4,210,547 3,992,973 3,643,027

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

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

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