2024 Annual Comprehensive Financial Report
CITY OF SHAKOPEE
STATEMENT OF REVENUES, EXPENDITURES AND
For the Year Ended December 31, 2024 BUDGET AND ACTUAL - GENERAL FUND CHANGES IN FUND BALANCES -
Budget Amounts
Variance with Final Budget - Over (Under)
Actual Amounts
Original
Final
REVENUES Taxes
$ 22,569,800
$ 22,569,800
$ 22,730,797
$
160,997
Special Assessments Licenses and Permits Intergovernmental Charges for Services Fines and Forfeitures Miscellaneous Revenues: Investment Income
14,000
14,000
19,709
5,709
3,491,450 4,979,000 4,813,350
3,491,450 5,200,650 4,813,350
5,542,101 6,035,453 5,076,353
2,050,651
834,803 263,003 (28,748)
200
325,200
296,452
325,000 25,000 10,700 18,500
325,000 25,000 10,700 18,500
1,080,528
755,528
Contributions and Donations
31,208
6,208
Rents Other
1,050
(9,650)
163,505
145,005
Total Revenues
36,247,000
36,793,650
40,977,156
4,183,506
EXPENDITURES Current
General Government
6,569,550 17,019,800 8,260,450 5,208,560
6,052,000 18,072,800 8,348,950 5,208,560
5,864,017 18,491,465 7,797,066 5,198,428
(187,983)
Public Safety Public Works
418,665
(551,884) (10,132)
Culture and Recreation
Debt Service: Principal
- -
- -
100,877
100,877
Interest and Other Charges
5,587
5,587
Capital Outlay
General Government
- - - -
- - - -
64,478 100,930
64,478 100,930
Public Safety Public Works
4,683 6,167
4,683 6,167
Culture and Recreation
Total Expenditures
37,058,360
37,682,310
37,633,698 3,343,458
(48,612)
Excess of Revenues Over(Under)
(811,360)
(888,660)
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)
-
(252,550)
(2,460,000)
Total Other Financing Sources (Uses)
611,360
382,060
(1,846,696)
(2,228,756)
Net Change in Fund Balances
$ (200,000)
$ (506,600)
1,496,762
$ 2,003,362
FUND BALANCES Beginning of Year
22,024,478
End of Year
$ 23,521,240
The Notes to the Financial Statements are an integral part of this statement.
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