2021 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS

For the Year Ended December 31, 2021

TIF District No. 18 Canterbury Common Capital Projects

Other Governmental Funds

Total Governmental Funds

Capital Improvement

TIF District No. 20 Enclave

General Fund

REVENUES Taxes

18,481,046 $

1,598,672 $

$

-

$

- - - - - - - -

3,298,826 2,242,452 3,488,754 1,099,026 -

23,378,544 $

Tax Increment

-

-

437,687

2,680,139 1,398,860 8,129,101 7,252,042 7,545,543

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

7,393

1,391,467

- - - - - -

4,640,347 6,153,016 7,512,607

- - - - -

32,936 50,902

2,484

53,386

118,642 (97,295)

1,299,783 (119,600) 11,393,079

1,418,425 (208,386) 51,647,654

7,870

638

1 1

36,818,240

2,998,009

438,325

EXPENDITURES Current

General Government

5,048,503 14,323,606 6,926,799 4,190,443

- - - - - - - -

- - - - -

- - - - -

341,502 35,857 159,828

5,390,005 14,359,463 7,086,627 4,190,443

Public Safety Public Works

Culture and Recreation

-

Conservation and Natural Resources

- - - -

79,244

79,244

Economic Development

95,146

60,442

2,691,990

2,847,578

Debt Service Principal

-

-

3,680,000 1,313,731 5,004,013 13,306,165

3,680,000 1,397,438 9,657,226 48,688,024

Interest and Other Charges

7,620

76,087

Capital Outlay

73,415

3,455,749 3,455,749

1,124,049 1,226,815

-

Total Expenditures

30,562,766

136,529

Excess of Revenues Over (Under) Expenditures

6,255,474

(457,740)

(788,490)

(136,528)

(1,913,086)

2,959,630

OTHER FINANCING SOURCES (USES) Transfers In

605,400

785,853

-

- -

4,940,479 (482,853)

6,331,732 (6,099,632)

Transfers Out

(5,222,862)

-

(393,917)

Total Other Financing Sources (Uses) Net Change in Fund Balances

(4,617,462)

785,853

(393,917)

-

4,457,626

232,100

1,638,012

328,113

(1,182,407)

(136,528)

2,544,540

3,191,730

FUND BALANCES Beginning of Year

16,133,885

5,363,301

1,940,939

(2,423,778)

7,926,347

28,940,694

End of Year

17,771,897 $

5,691,414 $

$

758,532

(2,560,306) $

10,470,887 $

32,132,424 $

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

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