2024 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

SCHEDULE OF REVENUES, EXPENDITURES AND For the Year Ended December 31, 2024 BUDGET AND ACTUAL - GENERAL FUND CHANGES IN FUND BALANCES -

Variance with Final Budget - Over (Under)

Budget Amounts

Actual

Amounts

Original

Final

REVENUES Taxes

General Property Fiscal Disparities

$ 19,904,800

$ 19,904,800

$ 20,161,404

$

256,604 (53,314) (50,486)

2,280,000

2,280,000

2,226,686

Franchise Aggregate

385,000

385,000

334,514

-

-

8,193

8,193

Total Taxes

22,569,800

22,569,800

22,730,797

160,997

Special Assessments

14,000

14,000

19,709

5,709

Licenses and Permits

3,491,450

3,491,450

5,542,101

2,050,651

Intergovernmental Revenues Federal Grants

16,000 530,000 345,000 766,000

16,000 530,000 447,400 831,000

123,423 647,754 447,448

107,423 117,754

Police Aid

Fire Aid

48

State Grants

1,282,282 3,534,546 6,035,453

451,282 158,296 834,803

Other Grants and Aids

3,322,000 4,979,000

3,376,250 5,200,650

Total Intergovernmental Revenues

Charges for Services

General Government

126,000

126,000

387,820

261,820 72,731 (33,483) (38,065) 263,003

Public Safety Public Works

1,012,000 1,088,700 2,586,650 4,813,350

1,012,000 1,088,700 2,586,650 4,813,350

1,084,731 1,055,217 2,548,585 5,076,353

Parks and Recreation

Total Charges for Services

Fines and Forfeitures

200

325,200

296,452

(28,748)

Miscellaneous Revenues Investment Income

325,000 25,000 10,700 18,500 379,200

325,000 25,000 10,700 18,500 379,200

1,080,528

755,528

Contributions and Donations

31,208

6,208

Rents Other

1,050

(9,650)

163,505

145,005 897,091

Total Miscellaneous Revenues

1,276,291 40,977,156

Total Revenues

36,247,000

36,793,650

4,183,506

EXPENDITURES General Government Current: Mayor and Council

208,000

208,000

135,800

(72,200)

Administration

2,770,200

2,643,925

2,650,750

6,825

City Clerk Finance Planning

567,500

567,500

551,702

(15,798) (15,644) (85,100)

1,255,200

1,128,925

1,113,281

731,900 693,650 343,100

886,900 603,650 13,100

801,800 602,884

Government Buildings

(766)

Unallocated

7,800

(5,300) 64,478

Capital Outlay

-

-

64,478

Total General Government

6,569,550

6,052,000

5,928,495

(123,505)

126