2025 Budget for the City of Shakopee

117

2025 Annual Budget

Company: CAPITAL IMPROVEMENT FUND

Object Account

Actual 2022

Actual 2023

Budget 2024

Requested Budget 2025

04021 - CAPITAL IMPROVEMENT FUND REVENUES: 4011 - CURRENT PROPERTY TAX

(700,000.00)

(700,000.00)

(700,000.00) (1,200,000.00)

4204 - UTILITY FRANCHISE FEE

(1,277,627.02) (1,175,139.17)

(900,000.00)

(950,000.00)

TAXES

(1,977,627.02) (1,875,139.17) (1,600,000.00) (2,150,000.00)

4110 - SPECIAL ASSESSMENT PRINCIPAL 4111 - SPECIAL ASSESSMENT INTEREST

(439,482.13) (77,195.23)

(419,389.71) (52,984.69)

(350,000.00)

(350,000.00)

0.00 0.00

0.00 0.00

4112 - SPECIAL ASSESSMENT PENALTY & INTEREST 4120 - SPECIAL ASSESSMENT PREPAYMENTS

(8,075.28)

(5,536.33)

(127,682.67) (652,435.31)

(487,411.29) (965,322.02)

(333,622.00) (683,622.00)

(134,100.00) (484,100.00)

SPECIAL ASSESSMENT

4410 - FEDERAL GRANTS 4450 - STATE GRANTS & AIDS

(144,355.00)

0.00 0.00

0.00 (1,975,300.00)

0.00

0.00

0.00

4461 - STATE AID - CONSTRUCTION

(3,212,031.15) (4,792,058.37) (1,869,700.00) (1,989,800.00)

4490 - OTHER GRANTS/AIDS INTERGOVERNMENTAL

0.00

0.00

0.00

0.00

(3,356,386.15) (4,792,058.37) (1,869,700.00) (3,965,100.00)

4833 - INTEREST

(120,580.88)

(223,512.12)

(106,600.00)

(185,000.00)

4834 - CHANGE IN FAIR MARKET VALUE 4845 - CONTRIBUTIONS/DONATIONS

634,602.50 (417,962.47)

0.00

0.00

(368,885.82) (10,556.96)

0.00 (112,500.00)

(72,000.00)

4850 - MISCELLANEOUS

(184,825.67)

0.00

0.00

MISCELLANEOUS

134,578.84 (826,300.26)

(219,100.00)

(257,000.00)

REVENUES

(5,851,869.64) (8,458,819.82) (4,372,422.00) (6,856,200.00)

EXPENDITURES: 6202 - SUPPLIES 6310 - ATTORNEY

0.00

148.62

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

999.90

1,897.50

6312 - ENGINEERING/DESIGN CONSULTANTS

63,823.20 523,729.23

6327 - PROFESSIONAL SERVICES

29,263.95

10,053.10

SUPPLIES AND SERVICES

94,087.05 535,828.45

6660 - BANK FEES- NSF FEE MISCELLANEOUS EXPENSE

585.66 585.66

0.00 0.00

6765 - IMPROVEMENTS/INFRASTRUCTURE

4,755,419.06 9,703,385.79 8,562,000.00 14,098,400.00

CAPITAL OUTLAY

4,755,419.06 9,703,385.79 8,562,000.00 14,098,400.00

EXPENDITURES

4,850,091.77 10,239,214.24 8,562,000.00 14,098,400.00

OTHER FINANCING: 8010 - TRANSFER IN FROM GENERAL FUND 8013 - TRANSFER IN FROM ENTERPR FUND 8019 - TRANSFER IN FROM CAPITAL FUND

0.00 (3,700,000.00)

0.00

0.00

0.00 0.00

0.00 (87,000.00) (1,309,000.00)

0.00 (1,698,192.00)

(33,000.00)

TRANSFERS IN

0.00 (3,700,000.00) (1,785,192.00) (1,342,000.00)

8053 - TRANSFER OUT TO GENERAL FUND 8054 - TRANSFER OUT TO DEBT FUNDS

0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

84,679.63 84,679.63

TRANSERS OUT

4961 - PROCEEDS OF LONG-TERM DEBT 4968 - PREMIUM ON BOND ISSUANCE 4969 - DISCOUNT ON BOND ISSUANCE PROCEEDS FROM DEBT/LEASE ISSUED

(4,090,000.00) (112,398.65)

33,310.49

(4,169,088.16)

OTHER FINANCING

(4,084,408.53) (3,700,000.00) (1,785,192.00) (1,342,000.00)

Total 04021 - CAPITAL IMPROVEMENT FUND

(5,086,186.40) (1,919,605.58) 2,404,386.00 5,900,200.00