2019 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - NON MAJOR GOVERNMENTAL FUNDS (Continued) For the Year Ended December 31, 2019

Debt Service

Capital Projects

2019A Tax Increment Bonds

TIF District No. 10

Total

Park Reserve

REVENUES Taxes

$

- - - - - - - - - - - - - - - - - -

2,183,600 $

$

- - -

$

-

Tax Increment

-

55,513

Special Assessments Licenses and Permits Intergovernmental Charges for Services Fines and Forfeitures

194,227

- - - - - -

- - - - -

1,255,118 150,000

9,982

-

Miscellaneous

23,469 129,374 1,567,943

Investment Income

85,036

1

Total Revenues

2,462,863

55,514

EXPENDITURES Current

General Government

- - - -

- - - - - -

- - -

Public Safety

Conservation and Natural Resources

Economic Development

53,365

Debt Service Principal

1,910,000 1,088,859

-

Interest and Other Charges

400

Capital Outlay

-

1,189,095 1,189,095

-

Total Expenditures

2,998,859

53,765

Excess of Revenues Over (Under) Expenditures

-

(535,996)

378,848

1,749

OTHER FINANCING SOURCES (USES) Proceeds from Sale of Capital Asset

-

-

- - - - -

- - - - -

Bonds Issued

174,596

174,596

Premium on Bonds Issued

- - -

-

Transfers In Transfers Out

314,995 (13,639)

Total Other Financing Sources (Uses)

174,596

475,952

-

-

Net Change in Fund Balances

174,596

(60,044)

378,848

1,749

FUND BALANCES Beginning of Year

-

3,207,099

2,943,876

(653)

End of Year

$

174,596

3,147,055 $

$

3,322,724

$

1,096

126