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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