2025 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

For the Year Ended December 31, 2025 CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS STATEMENT OF REVENUES, EXPENDITURES AND

Special Revenue

Capital Projects

Economic Development Authority

TIF District No. 18 Canterbury

Other Governmental Funds

Total Governmental Funds

Capital Improvement

General Fund

REVENUES Taxes

$ 22,953,317

$

488,517

$ 2,422,788

$

-

2,835,781

$ 28,700,403

Tax Increment

-

- -

-

2,167,481

667,144 109,790

2,834,625

Special Assessments Licenses and Permits Intergovernmental Charges for Services Fines and Forfeitures

26,770

176,762

- - - - - -

313,322

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

6,325

-

2,741,625

8,172,421 11,507,657 7,694,282

-

4,111,243

903,196

754,929

- -

7,877

349,538 171,565

-

294,507 215,650 339,839

644,045 932,175

Miscellaneous

176,779 203,421

368,181 383,598

Investment Income

1,507,218 43,857,573

(1)

2,434,075 63,233,005

Total Revenues

1,629,971

7,462,572

2,167,480

8,115,409

EXPENDITURES Current

General Government

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

- - - - -

- - - - - -

- - - - -

517,274 118,607 976,828

6,353,405 19,686,516 9,309,557 5,693,154

Public Safety Public Works

Culture and Recreation

-

Conservation and Natural Resources

- -

59,457 524,738

59,457

Economic Development

742,871

66,820

1,334,429

Debt Service Principal

118,780 16,828 890,909

- -

- -

-

2,657,793 1,327,344 5,512,587

2,776,573 1,650,790 18,185,697 65,049,578

Interest and Other Charges

306,618

Capital Outlay

128,428 871,299

9,747,728 9,747,728

1,906,045

Total Expenditures

40,456,440

2,279,483 11,694,628

Excess of Revenues Over (Under) Expenditures

3,401,133

758,672

(2,285,156)

(112,003)

(3,579,219)

(1,816,573)

OTHER FINANCING SOURCES (USES)

Proceeds from Sale of Capital Asset

12,476 273,059 890,600

- -

- -

- - -

- -

12,476 273,059

Lease Issued Transfers In Transfers Out

178,051

2,000

3,134,349 (142,600)

4,205,000 (3,930,000)

(2,325,000)

-

-

(1,462,400)

Total Other Financing Sources (Uses)

(1,148,865)

178,051

2,000

(1,462,400)

2,991,749

560,535

Net Change in Fund Balances

2,252,268

936,723

(2,283,156)

(1,574,403)

(587,470)

(1,256,038)

FUND BALANCES Beginning of Year

23,521,240

3,384,989

12,606,903

(6,577,816)

6,785,416

39,720,732

End of Year

$ 25,773,508

$ 4,321,712

$ 10,323,747

$ (8,152,219)

$ 6,197,946

$ 38,464,694

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

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