2021 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - ECONOMIC DEVELOPMENT AUTHORITY For the Year Ended December 31, 2021

Budget

Variance with Final Budget - Over (Under)

Actual Amounts

Final

Original

REVENUES Taxes

$

350,000

$

350,000 176,433 12,000

$

352,569 550,856

$

2,569

Intergovernmental Charges for Services Miscellaneous Revenues: Investment Income

-

374,423 (12,000) (11,505) 122,679 476,166

12,000

-

-

-

(11,505) 472,679

Other

350,000 712,000

350,000 888,433

Total Revenues

1,364,599

EXPENDITURES Current

Economic Development

393,875

534,275

817,001

282,726

Capital Outlay

Economic Development

-

36,033 570,308

170,715 987,716

134,682 417,408

Total Expenditures

393,875

Excess of Revenues Over Expenditures

318,125

318,125

376,883

58,758

OTHER FINANCING SOURCES Transfers In

-

-

3,700

3,700

Net Change in Fund Balances

$

318,125

$

318,125

$

380,583

$

62,458

FUND BALANCES Beginning of Year

1,022,360

End of Year

1,402,943 $

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

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