2022 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS Last Ten Fiscal Years

2013

2014

2015

2016

REVENUES: Taxes

$ 15,851,560 930,331 2,349,945 1,857,803 4,583,551 381,470 189,717 26,144,377

$ 16,798,542 17,225,535 $

$ 18,549,468 1,615,161 3,146,818 3,619,810 4,759,244 104,943 877,108 32,672,552

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

2,673,132 2,318,447 4,743,014 4,683,722 429,021 675,643

1,157,405 2,989,038 3,427,130 4,479,845 171,856 604,816

Miscellaneous

Total Revenues

32,321,521 30,055,625

EXPENDITURES: General Government

4,495,662 9,731,407 2,631,154 3,771,068

5,225,483

3,864,337

4,016,871 10,643,342 3,061,172 4,269,211

Police

10,193,496 10,209,739

Public Works

2,829,846 3,981,999

3,036,284 3,891,542

Culture and Recreation

Conservation and Natural Resources

-

-

-

-

Economic Development

340,904

1,595,628

2,352,621

2,092,337

Debt Service: Principal

2,070,000 618,695 6,883,191 30,542,081

3,160,000 504,460 7,245,157

5,615,000 365,898 5,461,607

1,685,000 864,494 32,159,412 58,791,839

Interest and Other Charges

Capital Outlay

Total Expenditures

34,736,069 34,797,028

Excess of Revenues Under Expenditures

(4,397,704)

(2,414,548)

(4,741,403)

(26,119,287)

OTHER FINANCING SOURCES (USES): Bonds Issued

-

-

- - - -

29,500,000

Sale of Assets

150

314

9,134

Premium on Bonds Issued

- -

- -

2,237,727

Lease Issued Transfers In Transfers Out Special Items

-

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

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

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

6,916,355 (3,378,977)

-

-

-

Total Other Financing Sources (Uses)

350,150

599,324

355,822

35,284,239

Net Change in Fund Balance

$ (4,047,554)

$ (1,815,224)

$ (4,385,581)

$ 9,164,952

Debt Service as a Percentage of Noncapital Expenditures

11%

12%

20%

9%

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.

148