2021 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS Last Ten Fiscal Years

2012

2013

2014

2015

REVENUES: Taxes

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

17,225,535 $ 1,157,405 2,989,038 3,427,130 4,479,845 171,856 604,816 30,055,625

Special Assessments Licenses and Permits Intergovernmental Charges for Service Fines and Forfeits

Miscellaneous

Total Revenues

EXPENDITURES: General Government

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

3,864,337 10,209,739 3,036,284 3,891,542

Police

Public Works

Culture and Recreation

Conservation and Natural Resources

-

-

-

-

Economic Development

155,692

340,904

1,595,628

2,352,621

Debt Service: Principal

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

5,615,000 365,898 5,461,607 34,797,028

Interest and Other Charges

Capital Outlay

Total Expenditures

Excess of Revenues Under Expenditures

2,403,205

(4,397,704)

(2,414,548)

(4,741,403)

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

3,367,400 (3,002,400)

4,890,809 (4,540,809)

3,531,038 (2,932,028)

6,135,344 (5,145,452) (634,070)

-

-

-

Total Other Financing Sources (Uses)

5,303,480

350,150

599,324

355,822

Net Change in Fund Balance

7,706,685 $

(4,047,554) $

(1,815,224) $

(4,385,581) $

Debt Service as a Percentage of Noncapital Expenditures

11%

11%

12%

20%

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.

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