2025 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - NONMAJOR GOVERNMENTAL FUNDS (Continued) For the Year Ended December 31, 2025

2022A GO Improvement Bond Debt Service

Capital Projects

2022A GO Tax Increment Revenue Bond

Park Development

Total

REVENUES Taxes

$

- - - - - - - -

$

- -

$ 2,189,000

$

- - -

Tax Increment

-

Special Assessments Licenses and Permits Intergovernmental Charges for Services Fines and Forfeitures

109,790

109,790

- - - - -

- - - - -

2,741,625

200,830

4,417

-

Miscellaneous

13,133 202,223

Investment Income

1,905 1,905

44,694 154,484

108,072

Total Revenues

2,406,862

3,162,228

EXPENDITURES Current

General Government

- - - - -

- - - - -

- - - - -

- - - - -

Public Safety Public Works

Conservation and Natural Resources

Economic Development

Debt Service Principal

80,000 174,950

395,000 105,450

2,585,000 1,247,344

- -

Interest and Other Charges

Capital Outlay

-

-

-

5,407,292 5,407,292

Total Expenditures

254,950

500,450

3,832,344

Excess of Revenues Over (Under) Expenditures

(253,045)

(345,966)

(1,425,482)

(2,245,064)

OTHER FINANCING SOURCES (USES) Transfers In

290,648

- -

1,284,349

1,850,000

Transfers Out

-

-

-

Total Other Financing Sources (Uses)

290,648

-

1,284,349

1,850,000

Net Change in Fund Balances

37,603

(345,966)

(141,133)

(395,064)

FUND BALANCES Beginning of Year

139,469

1,216,988

3,683,935

4,489,850

End of Year

$

177,072

$

871,022

$ 3,542,802

$

4,094,786

136