2021 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

MANAGEMENT’S DISCUSSION AND ANALYSIS December 31, 2021

Governmental Activities Governmental activities in creased the City’s net position by $17.6 million. The major increase was related to intergovernmental revenues, park dedication revenues, building permit revenues and contributed assets from outside developers. 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

Operating Grants and Contributions 13%

Other Revenues 4%

Capital Grants and Contributions 22%

Charges for Services 21%

Other Taxes 2%

Franchise Taxes 1%

Taxes 37%

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