2022 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - GENERAL FUND For the Year Ended December 31, 2022

Budget

Variance with Final Budget - Over (Under)

Actual Amounts

Final

Original

REVENUES Taxes

$ 19,724,500

$ 19,724,500

$ 19,649,596

$

(74,904) 72,312

Special Assessments Licenses and Permits Intergovernmental Charges for Services Fines and Forfeitures Miscellaneous Revenues: Investment Income

4,000

4,000

76,312

2,858,400 1,444,200 7,384,800

3,022,060 1,444,200 7,384,800

6,088,412 1,913,602 7,631,403

3,066,352 469,402 246,603

1,700

1,700

9,271

7,571

210,000

210,000

(770,820)

(980,820) 28,942 (10,350) 196,068 3,021,176

Contributions and Donations

-

-

28,942

Rents Other

10,700 12,500

10,700 12,500

350

208,568

Total Revenues

31,650,800

31,814,460

34,835,636

EXPENDITURES Current

General Government

5,326,900 14,938,100 7,487,800 4,506,000

5,270,400 15,182,060 7,574,200 4,726,200

5,164,404 15,256,132 7,473,419 4,835,898

(105,996)

Public Safety Public Works

74,072

(100,781) 109,698

Culture and Recreation

Capital Outlay

General Government

- -

- -

-

-

Public Safety Public Works

28,764

28,764 (30,000) 32,846

30,000 12,000

30,000 12,000

-

Culture and Recreation

44,846

Total Expenditures

32,300,800

32,794,860

32,803,463

8,603

Excess of Revenues Over (Under) Expenditures

(650,000)

(980,400)

2,032,173

3,012,573

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

- -

- -

984

984

Captial Lease Issued

26,242 400,000 (226,000)

26,242

Transfers In Transfers Out

400,000

400,000

-

-

-

(226,000)

Total Other Financing Sources (Uses)

400,000

400,000

201,226

(198,774)

2,233,399

$ 2,813,799

$ (250,000)

$ (580,400)

Net Change in Fund Balances

FUND BALANCES Beginning of Year

17,771,897

End of Year

$ 20,005,296

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

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