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.
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