2024 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

For the Year Ended December 31, 2024 STATEMENT OF ACTIVITIES

Program Revenues

Operating Grants and Contributions

Charges for Services

Functions/Programs

Expenses

Primary Government:

Governmental Activities General Government

$

6,512,719 19,674,720 16,177,262 6,587,521 2,866,321 1,406,349 53,269,052 44,160

$

4,167,583 6,699,301 1,338,235 2,606,354

$

416,024

Public Safety Public Works

1,450,889

792,913 39,935

Culture and Recreation

Conservation and Natural Resources

-

- - -

Economic Development Interest on Long-Term Debt

956,511

-

Total Governmental Activities

15,767,984

2,699,761

Business-Type Activities Sewer

5,133,671 2,327,621

5,912,682 1,486,426

-

Storm Drainage

114,780

Refuse

1,067

90,000

-

Total Business-Type Activities

7,462,359

7,489,108

114,780

Total Primary Government

$

60,731,411

$

23,257,092

$

2,814,541

Component Unit:

Shakopee Public Utility Electric

$

55,182,485 7,563,361 62,745,846

$

59,549,527 7,553,058 67,102,585

$

- - -

Water

Total Component Unit

$

$

$

General Revenues Property Taxes Lodging Tax

Franchise Taxes Tax Increments Unrestricted Investment Earnings Gain on Sale of Asset

Transfers

Total General Revenues and Transfers

Change in Net Position Net Position - Beginning

Net Position - Ending

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

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