2019 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE

MANAGEMENT’S DISCUSSION AND ANALYSIS December 31, 2019

Governmental Activities Governmental activities increased the City’s net position by $6.3 million. The major increase was related to $4.7 million in developer contributed capital. Additionally, licenses and permits revenues increased $2 million. Expenses and Program Revenues – Governmental Activities

$14,000,000

$12,000,000

$10,000,000

$8,000,000

Program Revenues Expenses

$6,000,000

$4,000,000

$2,000,000

$-

Recreation

Economic

Public works

Public Safety

Development

Interest on Long Term Debt

Conservation and

Natural Resources

General Government

Revenues by Source – Governmental Activities

Other Revenues 7%

Operating Grants and Contributions 4%

Charges for Services 29%

Capital Grants and Contributions 14%

Other Taxes 3%

Franchise Taxes 1%

Taxes 42%

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