2020 Comprehensive Annual Financial Report

CITY OF SHAKOPEE

MANAGEMENT’S DISCUSSION AND ANALYSIS December 31, 2020

Business-Type Activities

Business-type activities increased the City’s net position by $5.1 million. The increase in net position was primarily the result from developer contributed capital in 2020 which totaled approximately $1.2 million and city contributed capital for Unbridled Avenue which totaled approximately $3.8 million. The sewer and storm water activities will continue to experience ongoing expenses as capital investment is required to maintain and reconstruct the City’s utilities. In addition, new development will also require investment of the City.

Expenses and Program Revenues – Business-Type Activities

$6,000,000

$5,000,000

$4,000,000

Program Revenues Expenses

$3,000,000

$2,000,000

$1,000,000

$-

Sewer

Storm

Refuse

Revenues by Source – Business-Type Activities

Charges for Services 71%

Capital Grants and Contributions 21%

Investment Earnings 0%

Other Income 8%

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