2022 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

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

Contributions in Relation to the Statutorily

Required Statutorily Contribution

Deficiency Contribution

a percentage of Covered Payroll Contributions as

December 31, 2015 Year Ended December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 For the Fiscal

Required

City's Covered

Contributions

(Excess)

Payroll

$

299,473 273,227 315,791 360,080 350,018 339,188 359,999 401,135

$

299,473 273,227 315,791 360,080 350,018 339,188 359,999 401,135

$

- - - - - - - -

$

3,992,973 3,643,027 4,210,547 4,801,067 4,666,907 4,522,507 4,799,987 5,348,467

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

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

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