2019 City of Shakopee Budget

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GENERAL FUND The General Fund is used to account for revenues and expenditures necessary to carry out the basic functions of city government. Divisions within the General Fund include general government, public safety, public works and park and recreation. These basic functions include police and fire protection, planning, administration, etc. Appropriations are made from this fund annually. Revenues are recorded by source, i.e. taxes, intergovernmental, charges for services, etc. Expenditures are recorded by object and are primarily for day-to day operating expenses and equipment. Capital expenditures for large scale public improvements are accounted for within the Capital Projects Funds. General Fund budgets tend to be consistent from year-to-year. However, there are costs drivers that effect every department. Below are the 2019 General Fund cost drivers. Individual division narratives provide greater detail on variances specific to each division.  Overall wages increased 3%.  Health insurance rates for 2019 are remaining flat.  Equipment rents were increased as a result of using estimated future replacement

cost instead of actual purchase cost of the asset as the base in the calculation. This will be a phased change over the next four years therefore 25% of this change was included in 2019.