2024 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, 2024

Capital Projects

TIF District No. 21 Shakopee Crossing

KEB Abatement

Cherne Abatement

Road Expansion Dedication

REVENUES Taxes

$

-

$

41,431

$

43,375

$

- - - - - - - -

Tax Increment

36,350

- - - - - - - -

- - - - - - - -

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

- - - - - - -

Miscellaneous

Investment Income

9,719 9,719

Total Revenues

36,350

41,431

43,375

EXPENDITURES Current

General Government

- - - -

- - - -

- - - -

- - - - -

Public Safety Public Works

Conservation and Natural Resources

Economic Development

38,100

41,431

43,375

Debt Service Principal

- - -

- - -

- - -

- -

Interest and Other Charges

Capital Outlay

34,997 34,997

Total Expenditures

38,100

41,431

43,375

Excess of Revenues Over (Under) Expenditures

(1,750)

-

-

(25,278)

OTHER FINANCING SOURCES (USES) Transfers In

- -

- -

- -

- -

Transfers Out

Total Other Financing Sources (Uses)

-

-

-

-

Net Change in Fund Balances

(1,750)

-

-

(25,278)

FUND BALANCES Beginning of Year, as Previously Presented

3,253

-

-

348,122

Change within financial reporting entity (major to nonmajor fund)

-

- -

- -

-

Beginning of Year, as Adjusted

3,253

348,122

End of Year

$

1,503

$

-

$

-

$

322,844

138