2020 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, 2020

Budget

Variance with Final Budget - Over (Under)

Actual Amounts

Final

Original

REVENUES Taxes

17,584,900 $

17,584,900 $

17,277,739 $

$

(307,161) (24,707) 1,385,962

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

7,000

7,000

(17,707)

2,191,100 1,326,600 6,778,500

2,191,100 4,479,431 6,778,500

3,577,062 4,707,148 5,242,392

227,717

(1,536,108)

1,700

1,700

7,062

5,362

183,700

183,700

540,921 8,989 11,504 58,178

357,221

Contributions and Donations

-

-

8,989

Rents Other

10,700 13,800

10,700 28,792

804

29,386 147,465

Total Revenues

28,098,000

31,265,823

31,413,288

EXPENDITURES Current

General Government

5,011,000 13,264,200 6,651,400 4,210,400

5,221,186 13,574,731 6,677,533 4,260,281

5,007,331 13,538,313 6,551,238 3,559,908

(213,855) (36,418) (126,295) (700,373)

Public Safety Public Works

Culture and Recreation

Capital Outlay

General Government

- -

17,670

17,670 60,987

-

Public Safety Public Works

-

60,987 (6,000) 99,980

6,000

6,000 48,093

-

Culture and Recreation

-

148,073

Total Expenditures

29,143,000

29,805,494

28,883,520

(921,974)

Excess of Revenues Over (Under) Expenditures

(1,045,000)

1,460,329

2,529,768

1,069,439

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

-

-

10,284 250,000

10,284

Transfers In Transfers Out

250,000

250,000

-

-

-

(2,535,510)

(2,535,510)

Total Other Financing Sources (Uses)

250,000

250,000

(2,275,226)

(2,525,226)

Net Change in Fund Balances

(795,000) $

1,710,329 $

$

254,542

(1,455,787) $

FUND BALANCES Beginning of Year

15,879,343

End of Year

16,133,885 $

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

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