2025 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2025

NOTE 13 – INTERFUND TRANSFERS

Transfer In

Transfer Out

Governmental Funds:

General Fund (1) (3) (6)

$

178,051 890,600

$

2,325,000 -

Economic Development Authority (4)

Capital Improvement (2)

2,000

-

TIF District No. 18 Canterbury Commons (4) (5) Other Governmental Funds (2) (3) (5) (6)

4,205,000 - 3,134,349

1,462,400

142,600

Total Governmental Funds

3,930,000

Proprietary Funds: Sewer (1)

- - -

200,000 200,000 400,000

Storm Drainage (1)

Total Proprietary Funds

Internal Service Funds:

Buildings (6)

475,000

350,000 350,000 -

Self Insurance (1)

-

Total Internal Service Funds

475,000

Total

$

4,680,000

$

4,680,000

(6) (1) (2) (3) (4) (5)

Annual transfer to finance General Fund indirect costs.

Transfer Minnesota Historical Society grant funds for archeological investigation.

Transfer of Public Safety funds for new patrol officers.

Transfer of River City Centre Project costs for reimbursement from future tax increment.

Transfer of increment for debt service payment on tax increment bond. Transfer of available fund balance for future capital projects.

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