2020 Comprehensive Annual Financial Report

CITY OF SHAKOPEE

CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS Last Ten Fiscal Years

2011

2012

2013

2014

REVENUES: Taxes

14,699,066 $ 1,475,324 1,281,150 3,941,830 3,958,237 411,211 705,969 26,472,787

15,141,903 $ 1,499,810 2,441,246 2,548,692 4,449,003 418,474 836,868 27,335,996

15,851,560 $ 930,331 2,349,945 1,857,803 4,583,551 381,470 189,717 26,144,377

16,798,542 $ 2,673,132 2,318,447 4,743,014 4,683,722 429,021 675,643 32,321,521

Special Assessments Licenses and Permits Intergovernmental Charges for Service Fines and Forfeits

Miscellaneous

Total Revenues

EXPENDITURES: General Government

4,004,684 9,460,824 2,602,104 3,902,386

4,396,219 9,483,999 2,349,042 3,799,723

4,495,662 9,731,407 2,631,154 3,771,068

5,225,483 10,193,496 2,829,846 3,981,999

Police

Public Works

Culture and Recreation

Conservation and Natural Resources

-

-

-

-

Economic Development

247,591

155,692

340,904

1,595,628

Debt Service: Principal

2,565,000 658,265 6,301,406 29,742,260

1,950,000 634,063 2,164,053 24,932,791

2,070,000 618,695 6,883,191 30,542,081

3,160,000 504,460 7,245,157 34,736,069

Interest and Other Charges

Capital Outlay

Total Expenditures

Excess of Revenues Under Expenditures

(3,269,473)

2,403,205

(4,397,704)

(2,414,548)

OTHER FINANCING SOURCES (USES): Bonds Issued

- - - -

4,865,000

-

-

Sale of Assets

-

150

314

Premium on Bonds Issued

73,480

- -

- -

Capital Lease Issued

-

Transfers In Transfers Out Special Items

2,968,919 (2,750,830)

3,367,400 (3,002,400)

4,890,809 (4,540,809)

3,531,038 (2,932,028)

-

-

-

-

Total Other Financing Sources (Uses)

218,089

5,303,480

350,150

599,324

Net Change in Fund Balance

(3,051,384) $

7,706,685 $

(4,047,554) $

(1,815,224) $

Debt Service as a Percentage of Noncapital Expenditures

14%

11%

11%

12%

In 2018 the City reported Conservation and Natural Resources separately from Culture and Recreation. Prior years have not been restated. In 2020 the City reported Conservation and Naturla Resources as part of Public Works. 146

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