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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