2019 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - GENERAL FUND For the Year Ended December 31, 2019

Budget

Variance with Final Budget - Over (Under)

Actual Amounts

Final

Original

REVENUES Taxes

17,174,900 $

17,129,200 $

16,794,801 $

$

(334,399)

Special Assessments Licenses and Permits Intergovernmental Charges for Services Fines and Forfeitures Miscellaneous Revenues: Investment Income

7,300

7,000

6,484

(516)

1,759,700 1,431,600 6,395,700

4,299,300 1,617,100 6,852,800

4,656,994 1,573,435 7,084,693

357,694 (43,665) 231,893

1,000

7,400

8,138

738

174,000

185,000 2,800 10,300 13,100

500,688 8,919 10,641 61,570

315,688

Contributions and Donations

500

6,119

Rents Other

10,300 13,200

341

48,470 582,363

Total Revenues

26,968,200

30,124,000

30,706,363

EXPENDITURES Current

General Government

4,845,900 12,518,400 5,791,300 3,929,500

4,936,800 12,855,800 5,976,200 4,032,300

4,731,116 12,731,133 5,824,268 3,885,624

(205,684) (124,667) (151,932) (146,676)

Public Safety Public Works

Culture and Recreation

Conservation and Natural Resources

133,100

140,300

131,199

(9,101)

Capital Outlay

General Government

- - -

-

46,000 13,523 34,179

46,000 12,523 17,579

Public Safety

1,000 16,600

Culture and Recreation

Total Expenditures

27,218,200

27,959,000

27,397,042

(561,958)

Excess of Revenues Over (Under) Expenditures

(250,000)

2,165,000

3,309,321

1,144,321

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

-

-

578

578

Transfers In

250,000

250,000

250,000

-

Total Other Financing Sources (Uses)

250,000

250,000

250,578

578

Net Change in Fund Balances

$

-

2,415,000 $

3,559,899 $

1,144,899 $

FUND BALANCES Beginning of Year

12,319,444

End of Year

15,879,343 $

The Notes to the Financial Statements are an integral part of this statement.

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