2018 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS For the Year Ended December 31, 2018

Special Revenue

Capital Projects

Economic Development Authority

Other Governmental Funds

Total Governmental Funds

Captial Improvement

TIF District No. 17 Amazon

General Fund

REVENUES Taxes

16,981,069 $

$

347,726

1,095,130 $

$

-

2,918,170 773,810 254,848 1,755,036

21,342,095 $

Tax Increment

-

- - -

-

883,421

1,657,231 984,158 4,361,054 2,596,486 6,841,887

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

7,416

721,894

- - - - - -

2,606,018 1,460,418 6,782,389

-

400,000 48,000 67,846 863,572 -

730,540

5,528 11,498 94,006 161,208

- -

1,815

95,821 589,865

Miscellaneous

268,081

92,730

Total Revenues

28,107,206

2,640,294

883,421

5,974,104

38,468,597

EXPENDITURES Current

General Government

4,668,068 11,626,523 5,634,985 3,598,591

- - - - -

- - - - - - - -

- - - - -

379,755 66,010

5,047,823 11,692,533 5,634,985 3,598,591

Public Safety Public Works

- -

Culture and Recreation

Conservation and Natural Resources

36,334

53,154

89,488

Economic Development

-

1,264,197

519,914

1,064,315

2,848,426

Debt Service Principal

- -

- -

- - -

1,995,000 1,171,990 456,569 5,186,793

1,995,000 1,171,990 5,928,038 38,006,874

Interest and Other Charges

Capital Outlay

276,781

151,745 1,415,942

5,042,943 5,042,943

Total Expenditures

25,841,282

519,914

Excess of Revenues Over (Under) Expenditures

2,265,924

(552,370)

(2,402,649)

363,507

787,311

461,723

OTHER FINANCING SOURCES (USES) Transfers In

262,526

186,480 (812,170)

2,233,651

- -

1,355,859 (132,866)

4,038,516 (3,132,036)

Transfers Out

(2,187,000)

-

Total Other Financing Sources (Uses)

(1,924,474)

(625,690)

2,233,651

-

1,222,993

906,480

Net Change in Fund Balances

341,450

(1,178,060)

(168,998)

363,507

2,010,304

1,368,203

FUND BALANCES Beginning of Year

21,808,434

5,045,630

11,977,994

356,588

6,592,822

(2,164,600)

End of Year

7,055,934 $

23,176,637 $

12,319,444 $

(821,472) $

6,423,824 $

(1,801,093) $

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

32