2018 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE

CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS Last Ten Fiscal Years

2009

2010

2011

2012

REVENUES: Taxes

14,992,051 $ 1,810,511 1,492,746 1,811,668 1,808,865 428,662 1,503,722 23,848,225

14,385,788 $ 1,404,088 1,338,111 2,924,161 2,202,524 549,543 1,255,038 24,059,253

14,699,066 $ 1,475,324 1,281,150 3,941,830 3,958,237

15,141,903 $ 1,499,810 2,441,246 2,548,692 4,449,003 418,474 836,868 27,335,996

Special Assessments Licenses and Permits Intergovernmental Charges for Service Fines and Forfeits

411,211 705,969

Miscellaneous

Total Revenues

26,472,787

EXPENDITURES: General Government

3,331,193 8,604,704 3,591,049 3,898,844

2,960,233 9,012,567 3,902,622 4,075,919

4,004,684 9,460,824 2,602,104 3,902,386

4,396,219 9,483,999 2,349,042 3,799,723

Police

Public Works

Culture and Recreation

Conservation and Natural Resources

-

-

-

-

Economic Development

316,566

270,915

247,591

155,692

Debt Service: Principal

2,660,000 1,077,325 1,797,299 25,276,980

3,800,000 833,245 2,812,488 27,667,989

2,565,000 658,265 6,301,406 29,742,260

1,950,000 634,063 2,164,053 24,932,791

Interest and Other Charges

Capital Outlay

Total Expenditures

Excess of Revenues Under Expenditures

(1,428,755)

(3,608,736)

(3,269,473)

2,403,205

OTHER FINANCING SOURCES (USES): Bonds Issued

- - - -

4,865,000

1,555,000

- - - -

Sale of Assets

6,000

-

Premium on Bonds Issued

- -

73,480

Capital Lease Issued

-

Transfers In Transfers Out Special Items

4,958,133 (3,462,100)

13,199,807 (12,380,403)

2,968,919 (2,750,830)

3,367,400 (3,002,400)

-

-

-

-

Total Other Financing Sources (Uses)

1,496,033

2,380,404

218,089

5,303,480

Net Change in Fund Balance

$

67,278

(1,228,332) $

(3,051,384) $

7,706,685 $

Debt Service as a Percentage of Noncapital Expenditures

16%

18%

14%

11%

In 2018 the City reported Conservation and Natural Resources separately from Culture and Recreation. Prior years have not been restated.

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