2018 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - GENERAL FUND For the Year Ended December 31, 2018

Budget

Variance with Final Budget - Over (Under)

Actual Amounts

Final

Original

REVENUES Taxes

17,529,000 $

17,183,000 $

16,981,069 $

$

(201,931)

Special Assessments Licenses and Permits Intergovernmental Charges for Services Fines and Forfeitures Miscellaneous Revenues: Investment Income

7,000

7,300

7,416

116

1,416,000 1,486,100 5,699,800

1,952,700 1,286,200 6,254,000

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

653,318 174,218 528,389

1,500

800

1,815

1,015

150,000 16,800 10,000 29,700

150,000 34,500 10,000 82,400

180,058 58,912 10,231 18,880

30,058 24,412

Contributions and Donations

Rents Other

231

(63,520)

Total Revenues

26,345,900

26,960,900

28,107,206

1,146,306

EXPENDITURES Current

General Government

5,139,200 11,972,200 5,543,800 3,814,500

5,097,900 11,890,900 5,541,300 3,834,600

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

(429,832) (264,377) (236,009) (46,066) 93,685

Public Safety Public Works

Culture and Recreation

Conservation and Natural Resources

126,200

82,400

36,334

Capital Outlay

General Government

- - -

-

57,500 217,186

57,500 42,186 2,095

Public Safety

175,000

Culture and Recreation

-

2,095

Total Expenditures

26,595,900

26,622,100

25,841,282

(780,818)

Excess of Revenues Over (Under) Expenditures

(250,000)

338,800

2,265,924

1,927,124

OTHER FINANCING SOURCES (USES) Transfers In

250,000

250,000

262,526

12,526

Transfers Out

-

-

(2,187,000)

(2,187,000)

Total Other Financing Sources (Uses)

250,000

250,000

(1,924,474)

(2,174,474)

Net Change in Fund Balances

$

-

$

588,800

$

341,450

$

(247,350)

FUND BALANCES Beginning of Year

11,977,994

End of Year

12,319,444 $

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

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