2024 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

Years 2015 Through 2024 CHANGES IN NET POSITION

2015

2016

2017

2018

2019

EXPENSES: Governmental Activities: General Government

$

4,237,647 10,582,354 8,552,096 4,355,453

$

4,205,975 13,281,715 8,593,885 4,653,362 2,104,584 1,190,824 34,030,345 -

$

4,624,885 11,981,416 9,695,789 5,359,259 1,630,516 1,112,571 34,404,436 -

$

5,267,652 11,376,216 12,431,309 4,953,434 3,069,377 1,009,230 38,194,773 87,555

$

5,372,566 12,921,133 12,681,165 5,171,408

Public Safety Public Works

Culture and Recreation

Conservation and Natural Resources

-

169,247

Economic Development

2,603,741

3,271,933

Other

274,960

666,405

Total Governmental Activities Expenses

30,606,251

40,253,857

Business-Type Activities: Sewer

3,824,026 1,726,149

3,843,232 1,848,768

4,226,027 1,773,670

3,968,897 1,685,266

4,216,061 1,785,789

Storm Refuse

127,781

127,034

125,647

124,579

123,513

Total Business-Type Activities Expenses

5,677,956 36,284,207

5,819,034 39,849,379

6,125,344 40,529,780

5,778,742 43,973,515

6,125,363 46,379,220

Total Primary Government Expenses

$

$

$

$

$

PROGRAM REVENUES: Governmental Activities: Charges for Services: General Government

$

2,486,042 2,146,840

$

2,410,321 2,744,824

$

2,544,126 2,989,770

$

2,811,252 3,225,764 1,033,398 4,167,615

$

2,738,342 5,386,489 1,325,631 3,847,457

Public Safety Public Works

704,687

746,086

880,361

Culture and Recreation

2,140,071

1,760,925

2,813,951

Conservation and Natural Resources

-

-

-

52,384 113,908

3,683

Economic Development

24,000

256,312

26,520

311,737

Operating Grants and Contributions Capital Grants and Contributions

2,509,986 1,735,543

2,777,982 2,187,039

2,068,419 3,847,001

2,036,547 5,061,933

1,881,409 6,527,458

Total Governmental Activities Program Revenues

11,747,169

12,883,489

15,170,148

18,502,801

22,022,206

Business-Type Activities: Charges for Services: Sewer

2,829,981 1,765,679

3,292,166 1,632,218

3,380,321 1,272,506

3,682,569 1,230,592

4,222,236 1,304,738

Storm Refuse

103,637

105,309

131,753

104,638

137,824

Operating Grants and Contributions Capital Grants and Contributions

-

-

890

-

-

65,844

183,142

2,701,892

4,233,507

5,213,883

Total Business-Type Activities Program Revenues

4,765,141

5,212,835

7,487,362

9,251,306

10,878,681

Total Primary Government Program Revenues

$

16,512,310

$

18,096,324

$

22,657,510

$

27,754,107

$

32,900,887

Net (Expense) Revenue:

Governmental Activities Business-Type Activities

$ (18,859,082)

$ (21,146,856)

$ (19,234,288)

$ (19,691,972)

$ (18,231,651)

(912,815)

(606,199)

1,362,018

3,472,564

4,753,318

Total Primary Government Net Expense

$ (19,771,897)

$ (21,753,055)

$ (17,872,270)

$ (16,219,408)

$ (13,478,333)

GENERAL REVENUES AND OTHER CHANGES IN NET POSITION: Governmental Activities: Taxes: Property $

16,807,367

$

18,015,507

$

19,229,300 1,251,819 1,014,774

$

20,005,373 1,343,650 1,657,231

$

19,416,202 1,305,556 2,405,929 1,464,670

Franchise

418,545 406,571 452,281 87,819 496,484 (634,070)

448,023 464,632 495,804 50,132

Other

Unrestricted Investment Earnings

390,911

508,812 14,588

Gain on Disposal of Assets

1,576

165,784

Special Item

-

-

-

-

Transfers

1,271,853 20,745,951

26,990

436,480

(217,465)

Total Governmental Activities

18,034,997

21,915,370

23,966,134

24,540,676

Business-Type Activities:

Investment Earnings (Loss) Gain on Disposal of Assets

349,776 17,438

289,001

340,345

318,501

812,204 82,498 217,465

1,911

6,217

1,875

Transfers

(496,484) (129,270)

(1,271,853) (980,941) 19,765,010

(26,990) 319,572

(436,480) (116,104)

Total Business-Type Activities

1,112,167 25,652,843

Total Primary Government

$

17,905,727

$

$

22,234,942

$

23,850,030

$

Change in Net Position:

Government Activities Business-Type Activities

$

(824,085) (1,042,085) (1,866,170)

$

(400,905) (1,587,140) (1,988,045)

$

2,681,082 1,681,590 4,362,672

$

4,274,162 3,356,460 7,630,622

$

6,309,025 5,865,485 12,174,510

Total Primary Government

$

$

$

$

$

In 2018 the City reported Conservation and Natural Resources separately from Culture and Recreation. Prior years have not been restated. In 2020 Conservation and Natural Resources was combined with Public Works.

148