2019 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, 2019

Capital Projects

Special Revenue

Economic Development Authority

Other Governmental Funds

Total Governmental Funds 21,130,963 $ 2,008,657 835,345 5,912,112 3,038,944 7,226,584 1,493,245 41,729,807 83,957 5,130,038 12,849,532 5,824,268 3,885,624 169,959 2,510,329 1,910,000 1,096,743 9,047,340 42,423,833

Capital Improvement

TIF District No. 17 Amazon

TIF District No. 19 Riverfront

General Fund

REVENUES Taxes

16,794,801 $

$

345,029

1,055,249 $

$

-

$

- - - - - - -

2,935,884 1,096,798 194,227 1,255,118 163,355 129,891 75,819 653,370 6,504,462

Tax Increment

-

- - - -

-

911,859

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

6,484

634,634

- - - - - -

4,656,994 1,573,435 7,084,693

-

1,302,154

12,000

- -

8,138

-

Miscellaneous

581,818

42,488 399,517

215,475 3,207,512

94 94

Total Revenues

30,706,363

911,859

EXPENDITURES Current

398,922 118,399

General Government

4,731,116 12,731,133 5,824,268 3,885,624

- - - - -

- - - - - - - -

- - - - -

- - - - -

Public Safety Public Works

- -

Culture and Recreation

Conservation and Natural Resources

131,199

38,760

Economic Development

-

322,160

537,511

113,267

1,537,391

Debt Service Principal

- -

- -

- - -

- -

1,910,000 1,096,743 4,879,215 9,979,430

Interest and Other Charges

Capital Outlay

93,702

21,276 343,436

3,860,113 3,860,113

193,034 306,301

Total Expenditures

27,397,042

537,511

Excess of Revenues Over (Under) Expenditures

3,309,321

56,081

(652,601)

374,348

(306,207)

(3,474,968)

(694,026)

OTHER FINANCING SOURCES (USES) Proceeds from Sale of Capital Asset

578

- - -

- - - - -

- - - - -

- - - -

1

579

Bonds Issued

- -

4,220,000 267,587 364,995

4,220,000 267,587 1,125,289

Premium on Bonds Issued

Transfers In Transfers Out

250,000

510,294

-

-

(122,699)

(402,590)

(525,289)

Total Other Financing Sources (Uses) Net Change in Fund Balances

250,578

510,294

-

-

(122,699)

4,449,993

5,088,166

3,559,899

566,375

(652,601)

374,348

(428,906)

975,025

4,394,140

FUND BALANCES Beginning of Year

12,319,444

(821,472)

6,423,824

(1,801,093)

-

7,055,934

23,176,637

End of Year

15,879,343 $

(255,097) $

5,771,223 $

(1,426,745) $

$

(428,906)

8,030,959 $

27,570,777 $

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

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