2024 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

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

Variance with Final Budget - Over (Under)

Budget Amounts

Actual

Amounts

Original

Final

EXPENDITURES (Continued) Public Safety Current: Police

$ 11,477,300

$ 12,204,900

$ 12,247,697

$

42,797 222,049 153,819 100,930 519,595

Fire

3,731,100 1,811,400

3,991,500 1,876,400

4,213,549 2,030,219

Building Inspection

Capital Outlay

-

-

100,930

Total Public Safety

17,019,800

18,072,800

18,592,395

Public Works Current:

Engineering

1,490,850 2,808,200

1,490,850 2,837,830

1,348,084 2,565,919

(142,766) (271,911) (50,849) (86,358)

Streets

Shop

558,200

565,100

514,251

Park Maintenance

3,403,200

3,455,170

3,368,812

Capital Outlay

-

-

4,683

4,683

Total Public Works

8,260,450

8,348,950

7,801,749

(547,201)

Culture and Recreation Current: Recreation

5,208,560

5,208,560

5,198,428

(10,132)

Capital Outlay

-

-

6,167

6,167

Total Parks and Recreation

5,208,560

5,208,560

5,204,595

(3,965)

Debt Service Principal

- - -

- - -

100,877

100,877

Interest and Other Charges

5,587

5,587

Total Debt Service

106,464

106,464

Total Expenditures

37,058,360

37,682,310

37,633,698

(48,612)

Excess of Revenues Over (Under) Expenditures

(811,360)

(888,660)

3,343,458

4,232,118

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

- - -

- - -

6,338

6,338

SBITA Issued Lease Issued Transfers In Transfers Out

75,155 36,258 495,553

75,155 36,258

611,360

634,610

(139,057) (2,207,450) (2,228,756)

-

(252,550)

(2,460,000) (1,846,696)

Total Other Financing Sources (Uses)

611,360

382,060

$ (200,000)

$

(506,600)

1,496,762

$

2,003,362

Net Change in Fund Balances

FUND BALANCES Beginning of Year

22,024,478

$ 23,521,240

End of Year

127