2021 Annual Comprehensive Financial Report

CITY OF SHAKOPEE COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - NON MAJOR GOVERNMENTAL FUNDS (Continued) For the Year Ended December 31, 2021

Debt Service

Capital Projects

2020A Tax Increment Bonds

Park Development

Total

Local Projects

REVENUES Taxes

$

-

2,188,600 $

$

- -

$

-

Tax Increment

- - - - - -

- - - - - -

- - - - - - - - - - - - - -

Licenses and Permits Intergovernmental Charges for Services Fines and Forfeitures

3,488,754 548,170

2,979

-

Miscellaneous

677,858 (29,987)

Investment Income

(59) (59)

(69,878)

Total Revenues

2,118,722

4,687,774

EXPENDITURES Current

General Government

- - - - -

- - - - -

- - - - - - -

Public Safety Public Works

101,899

Conservation and Natural Resources

Economic Development

Debt Service Principal

-

3,680,000 1,312,705

Interest and Other Charges

247,055

Capital Outlay

-

-

4,388,797 4,388,797

297,701 399,600

Total Expenditures

247,055

4,992,705

Excess of Revenues Over (Under) Expenditures

(247,114)

(2,873,983)

298,977

(399,600)

OTHER FINANCING SOURCES (USES) Transfers In

130,216

393,917 (105,853)

- -

4,542,862 (377,000)

Transfers Out

-

Total Other Financing Sources (Uses)

130,216

288,064

-

4,165,862

Net Change in Fund Balances

(116,898)

(2,585,919)

298,977

3,766,262

FUND BALANCES Beginning of Year

359,712

4,332,924

3,460,962

-

End of Year

$

242,814

1,747,005 $

$

3,759,939

3,766,262 $

130