2023 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

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

Original and Final Budget

Variance with Final Budget -

Actual Amounts

REVENUES Taxes

$ 20,938,500

$ 20,790,616

$

(147,884)

Special Assessments Licenses and Permits Intergovernmental Charges for Services Fines and Forfeitures Miscellaneous Revenues: Investment Income

2,000

56,189

54,189

3,432,700 1,516,000 7,743,400

6,393,008 1,941,519 9,121,635 327,215

2,960,308 425,519 1,378,235 325,515

1,700

290,000 20,000 10,700 12,700

1,029,039

739,039

Contributions and Donations

29,721

9,721

Rents Other

598

(10,102) 395,836

408,536

Total Revenues

33,967,700

40,098,076

6,130,376

EXPENDITURES Current

General Government

5,550,600 15,995,900 7,934,600 4,886,600

5,306,830 16,248,794 7,539,374 5,017,325

(243,770) 252,894 (395,226) 130,725

Public Safety Public Works

Culture and Recreation

Debt Service: Principal

- -

56,100 8,680

56,100 8,680

Interest and Other Charges

Capital Outlay

General Government

66,300 59,700

70,177 191,809 5,662 29,001

3,877

Public Safety Public Works

132,109 5,662 29,001 (19,948)

- -

Culture and Recreation Total Expenditures

34,493,700

34,473,752

Excess of Revenues Over(Under) Expenditures

(526,000)

5,624,324

6,150,324

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

- - -

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

2,416 29,297 11,795

L ease Issued Transfers In Transfers Out

400,000

-

-

(4,048,650)

(4,048,650)

Total Other Financing Sources (Uses)

400,000

(3,605,142)

(4,005,142)

Net Change in Fund Balances

$

(126,000)

2,019,182

$

2,145,182

FUND BALANCES Beginning of Year

20,005,296

End of Year

$ 22,024,478

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

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