2020 Comprehensive Annual Financial Report

CITY OF SHAKOPEE

MANAGEMENT’S DISCUSSION AND ANALYSIS December 31, 2020

Governmental Activities

Governmental activities decreased the City’s net position by $3.1 million. The major decrease was related to $3.8 million asset transfer to the business-type funds related to Unbridled Avenue storm sewer system and ponds.

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 8%

Operating Grants and Contributions 11%

Charges for Services 21%

Capital Grants and Contributions 10%

Other Taxes 3%

Franchise Taxes 0%

Taxes 47%

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