2025 Budget for the City of Shakopee

136

2025 Annual Budget

Park Asset Internal Service Fund

Establishment: The Fund was established in 2007.

Description of Services: This fund finances the replacement of park assets. Financing to accomplish this is provided by "rental" payments from the park maintenance division at rates established annually by the Finance Department as part of the budget process. Accomplishments: Replaced, updated and additional new parks in 2024, all the items below are from a team effort, from city staff:  Meadow’s playground.  Annual Trail reconstruction: Scenic Heights trail along the east and south side of the park, also at Tahpah park along field four, and lastly the steep hill by the Dairy Queen along Marschall Road.  Stans tennis court resurfacing - new blacktop, nets/poles, and the coloring of the court.  The playground and buildings at Memorial Park were removed, which is part of the Memorial Park conversion.  2 nd Avenue (downtown) retaining wall and Landscaping project was a big project. New curb, block walls landscaping, lighting and blacktop.  Resurfaced the parking area along with some curb and catch basin work. The area is west of Holmes Street and first avenue.

Goals/Challenges: 

Aging infrastructure and rising inflation.

Performance Measures:

Actual 2022

Actual 2023

Projected 2024

Projected 2025

# of Park Projects

7

4

6

3

Capital Improvement Plan: The city prepares a five year capital improvement program (CIP). A separate CIP document was approved by Council on November 6, 2024. The CIP book provides a summary of each project location, description and source and use of funds.