2025 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

STATEMENT OF ACTIVITIES For the Year Ended December 31, 2025

Program Revenues

Operating Grants and Contributions

Charges for Services

Functions/Programs

Expenses

Primary Government:

Governmental Activities General Government

$

6,633,088 18,373,489 17,949,661 7,413,354 2,858,371 1,432,623 54,720,043 59,457

$

4,539,106 6,399,733 3,285,297 3,044,602

$

318,963

Public Safety Public Works

1,587,433

963,016 29,476 150,000

Culture and Recreation

Conservation and Natural Resources

-

Economic Development Interest on Long-Term Debt

938,033

- -

-

Total Governmental Activities

18,206,771

3,048,888

Business-Type Activities Sewer

5,258,511 2,640,488

5,146,600 1,555,970

-

Storm Drainage

122,976

Refuse

-

90,000

-

Total Business-Type Activities

7,898,999

6,792,570

122,976

Total Primary Government

$

62,619,042

$

24,999,341

$

3,171,864

Component Unit:

Shakopee Public Utility Electric

$

58,108,498 7,956,487 66,064,985

$

63,086,366 9,469,092 72,555,458

$

- - -

Water

Total Component Unit

$

$

$

General Revenues Property Taxes Lodging Tax

Franchise Taxes Tax Increments Unrestricted Investment Earnings Gain on Sale of Asset

Transfers

Total General Revenues and Transfers

Change in Net Position Net Position - Beginning

Net Position - Ending

The Notes to the Financial Statements are an integral part of this statement.

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