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

Capital Projects

Total Other Governmental Funds

Seal Coat

Total

REVENUES Taxes

$

- - - - - - -

$

256,622 1,578,322

$

3,080,104 1,578,322 290,580 3,790,800 1,995,685

Tax Increment

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

-

3,790,800

102

6,873 34,800 160,873 408,220

6,873 88,500 163,940 495,789

Miscellaneous

26,399 27,899 54,298

Investment Income

Total Revenues

6,236,612

11,490,593

EXPENDITURES Current

General Government

- - - - - - -

- -

472,883 401,144 79,607 43,040

Public Safety Public Works

70,175

79,607 43,040

Conservation and Natural Resources

Economic Development

1,556,027

1,556,027

Debt Service Principal

- -

1,975,925 1,496,595 3,169,091 9,194,312

Interest and Other Charges

Capital Outlay

2,792,909 4,471,583

Total Expenditures

70,175

Excess of Revenues Over (Under) Expenditures

(15,877)

1,765,029

2,296,281

OTHER FINANCING SOURCES (USES) Lease Issued

- - -

-

374,857 1,682,557 (3,392,299)

Transfers In Transfers Out

280,000

(3,392,299)

Total Other Financing Sources (Uses)

-

(3,112,299)

(1,334,885)

Net Change in Fund Balances

(15,877)

(1,347,270)

961,396

FUND BALANCES Beginning of Year

337,351

8,541,847

11,422,987

End of Year

$

321,474

$

7,194,577

$ 12,384,383

144