2022 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

MANAGEMENT’S DISCUSSION AND ANALYSIS December 31, 2022

Governmental Activities Governmental activities increased the City’s net position by $4.1 million. The major increase was related to intergovernmental revenues, park dedication revenues, building permit revenues and contributed assets from ,outside developers. Expenses and Program Revenues – Governmental Activities

$- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000

Program Revenues Expenses

Recreation

Economic

Public works

Public Safety

Development

Interest on Long Term Debt

Conservation and

Natural Resources

General Government

Revenues by Source – Governmental Activities

Other Revenues 0%

Operating Grants and Contributions 4%

Charges for Services 28%

Capital Grants and Contributions 21%

Other Taxes 1%

Franchise Taxes 3%

Taxes 43%

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