2025 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

SCHEDULE OF REVENUES, EXPENDITURES AND For the Year Ended December 31, 2025 BUDGET AND ACTUAL - GENERAL FUND CHANGES IN FUND BALANCES -

Variance with Original Budget - Over (Under) Final Budget

Variance with Final Budget - Over (Under) Actual Amounts

Budget Amounts

Actual Amounts

Original

Final

REVENUES Taxes

$ 23,446,450

$ 23,446,450

$

- - -

$ 22,953,317

$ (493,133)

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

17,000

17,000

26,770

9,770

3,810,750 5,430,000 5,236,800

3,810,750 5,640,000 5,594,700

5,424,471 6,493,218 6,931,476

1,613,721

210,000 357,900

853,218

1,336,776

325,200

325,200

-

349,538

24,338

475,000 38,000

475,000 38,000

- - - -

1,507,218

1,032,218

Contributions and Donations

16,153

(21,847)

Rents Other

600

600

525

(75)

23,500

23,500

154,887

131,387

Total Revenues

38,803,300

39,371,200

567,900

43,857,573

4,486,373

EXPENDITURES Current

General Government

6,167,570 19,386,190 8,398,550 5,558,990

6,257,570 19,418,690 8,876,450 5,558,990

90,000 32,500 477,900

5,836,131 19,567,909 8,332,729 5,693,154

(421,439)

Public Safety Public Works

149,219

(543,721)

Culture and Recreation

-

134,164

Debt Service: Principal

- -

- -

- -

118,780 16,828

118,780 16,828

Interest and Other Charges

Capital Outlay

Public Safety Public Works

168,000

599,500 26,000 15,000

431,500 26,000 15,000

578,447 23,500 288,962

(21,053) (2,500)

- -

Culture and Recreation

273,962

Total Expenditures

39,679,300

40,752,200

1,072,900

40,456,440

(295,760)

Excess of Revenues Over (Under) Expenditures

(876,000)

(1,381,000)

(505,000)

3,401,133

4,782,133

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

- -

- -

- - - -

12,476 273,059 890,600

12,476 273,059 14,600

Lease Issued Transfers In Transfers Out

876,000

876,000

-

-

(2,325,000)

(2,325,000)

Total Other Financing Sources (Uses)

876,000

876,000

-

(1,148,865)

(2,024,865)

Net Change in Fund Balances

$

-

$ (505,000)

$ (505,000)

2,252,268

$ 2,757,268

FUND BALANCES Beginning of Year

23,521,240

End of Year

$ 25,773,508

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