2025 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

Last Ten Fiscal Years CHANGES IN NET POSITION

2016

2017

2018

2019

2020

EXPENSES: Governmental Activities: General Government

$

4,205,975 13,281,715 8,593,885 4,653,362 2,104,584 1,190,824 34,030,345 -

$

4,624,885 11,981,416 9,695,789 5,359,259 1,630,516 1,112,571 34,404,436 -

$

5,267,652 11,376,216 12,431,309 4,953,434 3,069,377 1,009,230 38,194,773 87,555

$

5,372,566 12,921,133 12,681,165 5,171,408

$

5,366,469 13,246,236 13,862,381 4,445,956 5,927,106 1,214,033 44,086,404 24,223

Public Safety Public Works

Culture and Recreation

Conservation and Natural Resources

169,247

Economic Development

3,271,933

Other

666,405

Total Governmental Activities Expenses

40,253,857

Business-Type Activities: Sewer

3,843,232 1,848,768

4,226,027 1,773,670

3,968,897 1,685,266

4,216,061 1,785,789

4,496,890 1,759,785

Storm Refuse

127,034

125,647

124,579

123,513

122,766

Total Business-Type Activities Expenses

5,819,034 39,849,379

6,125,344 40,529,780

5,778,742 43,973,515

6,125,363 46,379,220

6,379,441 50,465,845

Total Primary Government Expenses

$

$

$

$

$

PROGRAM REVENUES: Governmental Activities: Charges for Services: General Government

$

2,410,321 2,744,824

$

2,544,126 2,989,770

$

2,811,252 3,225,764 1,033,398 4,167,615

$

2,738,342 5,386,489 1,325,631 3,847,457

$

2,584,666 4,036,947

Public Safety Public Works

746,086

880,361

978,043

Culture and Recreation

1,760,925

2,813,951

1,712,607

Conservation and Natural Resources

-

-

52,384 113,908

3,683

-

Economic Development

256,312

26,520

311,737

146,145

Operating Grants and Contributions Capital Grants and Contributions

2,777,982 2,187,039

2,068,419 3,847,001

2,036,547 5,061,933

1,881,409 6,527,458

4,774,564 4,498,321

Total Governmental Activities Program Revenues

12,883,489

15,170,148

18,502,801

22,022,206

18,731,293

Business-Type Activities: Charges for Services: Sewer

3,292,166 1,632,218

3,380,321 1,272,506

3,682,569 1,230,592

4,222,236 1,304,738

4,056,714 1,337,694

Storm Refuse

105,309

131,753

104,638

137,824

139,826

Operating Grants and Contributions Capital Grants and Contributions

-

890

-

-

-

183,142

2,701,892

4,233,507

5,213,883

1,679,881

Total Business-Type Activities Program Revenues

5,212,835

7,487,362

9,251,306

10,878,681

7,214,115

Total Primary Government Program Revenues

$

18,096,324

$

22,657,510

$

27,754,107

$

32,900,887

$

25,945,408

Net (Expense) Revenue:

Governmental Activities Business-Type Activities

$ (21,146,856)

$ (19,234,288)

$ (19,691,972)

$ (18,231,651)

$ (25,355,111)

(606,199)

1,362,018

3,472,564

4,753,318

834,674

Total Primary Government Net Expense

$ (21,753,055)

$ (17,872,270)

$ (16,219,408)

$ (13,478,333)

$ (24,520,437)

GENERAL REVENUES AND OTHER CHANGES IN NET POSITION: Governmental Activities: Taxes: Property $

18,015,507

$

19,229,300 1,251,819 1,014,774

$

20,005,373 1,343,650 1,657,231

$

19,416,202 1,305,556 2,405,929 1,464,670

$

20,703,562 1,157,614 2,533,400 1,371,386

Franchise

448,023 464,632 495,804 50,132

Other

Unrestricted Investment Earnings

390,911

508,812 14,588 436,480

Gain on Disposal of Assets

1,576

165,784

57,627

Transfers

1,271,853 20,745,951

26,990

(217,465)

(3,613,290) 22,210,299

Total Governmental Activities

21,915,370

23,966,134

24,540,676

Business-Type Activities:

Investment Earnings (Loss) Gain on Disposal of Assets

289,001

340,345

318,501

812,204 82,498 217,465

649,501

1,911

6,217

1,875

-

Transfers

(1,271,853) (980,941) 19,765,010

(26,990) 319,572

(436,480) (116,104)

3,613,290 4,262,791 26,473,090

Total Business-Type Activities

1,112,167 25,652,843

Total Primary Government

$

$

22,234,942

$

23,850,030

$

$

Change in Net Position:

Government Activities Business-Type Activities

$

(400,905) (1,587,140) (1,988,045)

$

2,681,082 1,681,590 4,362,672

$

4,274,162 3,356,460 7,630,622

$

6,309,025 5,865,485 12,174,510

$

(3,144,812) 5,097,465 1,952,653

Total Primary Government

$

$

$

$

$

In 2018 the City reported Conservation and Natural Resources separately from Culture and Recreation. Prior years have not been restated. In 2020 Conservation and Natural Resources was combined with Public Works.

148