2023 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

SCHEDULE OF REVENUES, EXPENDITURES AND For the Year Ended December 31, 2023 BUDGET AND ACTUAL - GENERAL FUND CHANGES IN FUND BALANCES -

Variance with Final Budget - Over (Under)

Actual

Final Budget Original and

Amounts

EXPENDITURES (Continued) Public Safety Current: Police

$ 10,920,600

$ 10,954,760

$

34,160 213,261 132,109 385,003 5,473

Fire

3,380,100 1,695,200

3,593,361 1,700,673 191,809 16,440,603

Building Inspection

Capital Outlay

59,700

Total Public Safety

16,055,600

Public Works Current: Engineering

1,435,700 2,755,400 551,300 3,192,200

1,199,087 2,591,335 469,804 3,279,148

(236,613) (164,065) (81,496)

Streets

Shop

Park Maintenance

86,948 5,662

Capital Outlay

-

5,662

Total Public Works

7,934,600

7,545,036

(389,564)

Culture and Recreation Current: Recreation

4,886,600

5,017,325

130,725 29,001 159,726

Capital Outlay

-

29,001

Total Parks and Recreation

4,886,600

5,046,326

Debt Service Principal

- - -

56,100 8,680 64,780

56,100 8,680 64,780

Interest and Other Charges

Total Debt Service

Total Expenditures

34,493,700

34,473,752

(19,948)

Excess of Revenues Over (Under)

(526,000)

5,624,324

6,150,324

OTHER FINANCING SOURCES (USES) Proceeds from Sale of Capital Asset

- - -

2,416 29,297 11,795 400,000

2,416 29,297 11,795

SBITA Issued Lease Issued Transfers In Transfers Out

400,000

-

-

(4,048,650) (3,605,142)

(4,048,650) (4,005,142)

Total Other Financing Sources (Uses)

400,000

$

(126,000)

2,019,182

$

2,145,182

Net Change in Fund Balances

FUND BALANCES Beginning of Year

20,005,296

$ 22,024,478

End of Year

131