2023 Annual Comprehensive Financial Report

CITY OF SHAKOPEE COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - NONMAJOR GOVERNMENTAL FUNDS (Continued) For the Year Ended December 31, 2023

2022A GO Improvement Bond Debt Service

Capital Projects

2022A GO Tax Increment Revenue Bond

Park Development

Total

REVENUES Taxes

$

- - - - - - - -

$

148,000

$ 2,337,000

$

- - -

Tax Increment

-

-

Special Assessments Licenses and Permits Intergovernmental Charges for Services Fines and Forfeitures

290,580

290,580

- - - - -

- - - - -

3,790,800

102

3,148

-

Miscellaneous

134,474 335,403 4,263,927

Investment Income

2,311 2,311

4,492

76,920

Total Revenues

443,072

2,704,500

EXPENDITURES Current

General Government

- - - - -

- - - - -

- - - - -

- - - - - - -

Public Safety Public Works

Conservation and Natural Resources

Economic Development

Debt Service Principal

-

-

1,960,000 1,492,645

Interest and Other Charges

213,581

147,445

Capital Outlay

-

-

-

2,789,345 2,789,345

Total Expenditures

213,581

147,445

3,452,645

Excess of Revenues Over (Under) Expenditures

(211,270)

295,627

(748,145)

1,474,582

OTHER FINANCING SOURCES (USES) Lease Issued

-

-

-

-

Transfers In Transfers Out

72,016

348,650

1,402,557

280,000

-

-

-

-

Total Other Financing Sources (Uses)

72,016

348,650

1,402,557

280,000

Net Change in Fund Balances

(139,254)

644,277

654,412

1,754,582

FUND BALANCES Beginning of Year

48,405

465,099

2,547,833

5,812,881

End of Year

$

(90,849)

$ 1,109,376

$ 3,202,245

$

7,567,463

140