2021 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

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

Budget

Variance with Final Budget - Over (Under)

Actual Amounts

Final

Original

REVENUES Taxes

18,368,600 $

18,368,600 $

18,481,046 $

$

112,446

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

7,000

7,000

7,393

393

2,139,100 1,441,200 6,929,500

2,583,100 3,238,384 7,029,500

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

2,057,247 2,914,632 483,107

1,700

1,700

2,484

784

210,000

210,000

(97,295) 25,988 10,897 81,757

(307,295)

Contributions and Donations

-

-

25,988

Rents Other

10,700 14,300

10,700 14,300

197

67,457

Total Revenues

29,122,100

31,463,284

36,818,240

5,354,956

EXPENDITURES Current

General Government

4,948,700 13,895,700 6,849,300 4,178,400

5,307,640 14,231,367 7,032,600 4,288,458

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

(259,137)

Public Safety Public Works

92,239

(105,801) (98,015)

Culture and Recreation

Capital Outlay

General Government

- - -

435,557 50,000

50

(435,507)

Public Safety

45,315 28,050

(4,685) 28,050

Culture and Recreation

-

Total Expenditures

29,872,100

31,345,622

30,562,766

(782,856)

Excess of Revenues Over (Under) Expenditures

(750,000)

117,662

6,255,474

6,137,812

OTHER FINANCING SOURCES (USES) Transfers In

250,000

250,000

605,400

355,400

Transfers Out

-

-

(5,222,862)

(5,222,862)

Total Other Financing Sources (Uses)

250,000

250,000

(4,617,462)

(4,867,462)

Net Change in Fund Balances

(500,000) $

$

367,662

1,638,012 $

1,270,350 $

FUND BALANCES Beginning of Year

16,133,885

End of Year

17,771,897 $

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

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