2025 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

S CHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - ECONOMIC DEVELOPMENT AUTHORITY For the Year Ended December 31, 2025

Budget Amounts

Variance with Final Budget - Over (Under)

Actual Amounts

Final

REVENUES Taxes

$ 500,000

$ 488,517

$

(11,483)

Licenses and Permits Charges for Services

-

6,325

6,325

774,000

754,929

(19,071)

Miscellaneous Revenues: Investment Income

1,000

203,421 176,779

202,421 176,779 354,971

Other

-

Total Revenues

1,275,000

1,629,971

EXPENDITURES Current

Economic Development

894,000

742,871

(151,129)

Capital Outlay

Economic Development

-

128,428 871,299

128,428 (22,701)

Total Expenditures

894,000

Excess of Revenues Over Expenditures

381,000

758,672

377,672

OTHER FINANCING SOURCES/ (USES) Transfers In

-

178,051

178,051

Net Change in Fund Balances

$ 381,000

936,723

$ 555,723

FUND BALANCES Beginning of Year

3,384,989

End of Year

$ 4,321,712

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