2020 Comprehensive Annual Financial Report

CITY OF SHAKOPEE

SCHEDULE OF REVENUES, EXPENDITURES AND For the Year Ended December 31, 2020 BUDGET AND ACTUAL - GENERAL FUND CHANGES IN FUND BALANCES -

Variance with Final Budget - Over (Under)

Actual

Budget

Amounts

Original

Final

EXPENDITURES (Continued) Public Safety Current: Police

9,214,600 2,762,700 1,286,900

9,225,578 3,062,253 1,286,900

9,202,855 3,075,083 1,260,375

(22,723) 12,830 (26,525) 60,987 24,569

Fire

Building Inspection

Capital Outlay

-

-

60,987

Total Public Safety

13,264,200

13,574,731

13,599,300

Public Works Current: Engineering

1,113,900 2,405,300 450,500 2,681,700

1,113,900 2,405,740 501,051 2,656,842

1,153,125 2,252,158 524,777 2,621,178

39,225

Streets

(153,582) 23,726 (35,664) (6,000) (132,295)

Shop

Park Maintenance

Capital Outlay

6,000

6,000

-

Total Public Works

6,657,400

6,683,533

6,551,238

Culture and Recreation Current: Recreation

4,210,400

4,260,281

3,559,908 148,073 3,707,981

(700,373)

Capital Outlay

-

48,093

99,980

Total Parks and Recreation

4,210,400

4,308,374

(600,393)

Current:

Total Expenditures

29,143,000

29,805,494

28,883,520

(921,974)

Excess of Revenues Over (Under) Expenditures

(1,045,000)

1,460,329

2,529,768

1,069,439

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

-

-

10,284 250,000

10,284

Transfers In Transfers Out

250,000

250,000

-

-

-

(2,535,510) (2,275,226)

(2,535,510) (2,525,226)

Total Other Financing Sources (Uses)

250,000

250,000

$

(795,000)

$

1,710,329

254,542

(1,455,787) $

Net Change in Fund Balances

FUND BALANCES Beginning of Year

15,879,343

16,133,885 $

End of Year

121