2019 City of Shakopee Comprehensive Annual Financial Report

CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS Last Ten Fiscal Years CITY OF SHAKOPEE

2010

2011

2012

2013

REVENUES: Taxes

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 3,958,237 411,211 705,969 26,472,787

15,141,903 $ 1,499,810 2,441,246 2,548,692 4,449,003

15,851,560 $ 930,331 2,349,945 1,857,803 4,583,551 381,470 189,717 26,144,377

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

418,474 836,868

Miscellaneous

Total Revenues

27,335,996

EXPENDITURES: General Government

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

4,495,662 9,731,407 2,631,154 3,771,068

Police

Public Works

Culture and Recreation

Conservation and Natural Resources

-

-

-

-

Economic Development

270,915

247,591

155,692

340,904

Debt Service: Principal

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

2,070,000 618,695 6,883,191 30,542,081

Interest and Other Charges

Capital Outlay

Total Expenditures

Excess of Revenues Under Expenditures

(3,608,736)

(3,269,473)

2,403,205

(4,397,704)

OTHER FINANCING SOURCES (USES): Bonds Issued

1,555,000

- - - -

4,865,000

-

Sale of Assets

6,000

-

150

Premium on Bonds Issued

- -

73,480

- -

Capital Lease Issued

-

Transfers In Transfers Out Special Items

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

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

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

4,890,809 (4,540,809)

-

-

-

-

Total Other Financing Sources (Uses)

2,380,404

218,089

5,303,480

350,150

Net Change in Fund Balance

(1,228,332) $

(3,051,384) $

7,706,685 $

(4,047,554) $

Debt Service as a Percentage of Noncapital Expenditures

18%

14%

11%

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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