2023 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

For the Year Ended December 31, 2023 STATEMENT OF ACTIVITIES

Program Revenues

Operating Grants and Contributions

Charges for Services

Functions/Programs

Expenses

Primary Government:

Governmental Activities General Government

$ 5,910,579

$ 4,510,359

$

35,410

Public Safety Public Works

17,962,160 16,038,602 6,039,360 3,769,340 1,530,985 51,295,630 44,604

7,381,574 1,726,122 2,917,350

1,191,407 625,165 162,048

Culture and Recreation

Conservation and Natural Resources

-

-

Economic Development Interest on Long-Term Debt

1,117,947

23,250

-

-

Total Governmental Activities

17,653,352

2,037,280

Business-Type Activities Sewer

4,556,318 2,114,125

5,146,171 1,457,255

-

Storm Drainage

81,409

Refuse

2,134

90,000

-

Total Business-Type Activities

6,672,577

6,693,426

81,409

Total Primary Government

$ 57,968,207

$ 24,346,778

$ 2,118,689

Component Unit:

Shakopee Public Utility Electric

$ 58,291,309

$ 61,520,843

$

- - -

Water

8,112,356

7,941,227

Total Component Unit

$ 66,403,665

$ 69,462,070

$

General Revenues Property Taxes Lodging Tax

Franchise Taxes Tax Increments Unrestricted Investment Earnings Gain on Sale of Asset

Transfers

Total General Revenues and Transfers

Change in Net Position Net Position - Beginning

Net Position - Ending

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

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