2026 Budget for the City of Shakopee

114

2026 Annual Budget

CAPITAL PROJECT FUND

Capital Project Funds are established to account for the construction of major capital facilities. Projects resources are a combination of several revenue sources such as bond proceeds, inter-fund transfers, intergovernmental revenue, grants, etc. These funds provide the means for administrators to ensure that designated revenues are appropriately utilized. The city releases a five year capital improvement plan each year.

SUMMARY

CAPITAL IMPROVEMENT FUND

PARK DEVELOPMENT

TREE REPLACEMENT

TAXES

0.00 0.00

2,450,000.00 550,300.00

0.00 0.00

SPECIAL ASSESSMENTS LICENSES AND PERMITS INTERGOVERNMENTAL

700,000.00

0.00

50,000.00

15,024,300.00

7,210,500.00 455,000.00

0.00

MISCELLANEOUS TOTAL REVENUES

157,000.00

5,000.00 55,000.00

15,881,300.00 10,665,800.00

CONSERVATION AND NATURAL RESOURCES

0.00

0.00

(50,000.00)

CAPITAL OUTLAY

(25,710,000.00) (25,710,000.00)

(17,246,500.00) (17,246,500.00)

0.00

TOTAL EXPENDITURES

(50,000.00)

TRANSFERS IN TRANSFERS OUT

3,308,700.00

973,600.00

0.00

0.00

0.00

(33,000.00) (33,000.00)

TOTAL OTHER FINANCING

3,308,700.00

973,600.00

EXCESS (DEFICIENCY) OF REV. OVER EXP.

(6,520,000.00)

(5,607,100.00)

(28,000.00)

FUND BALANCE, JANUARY 1

4,655,300.00

6,706,700.00

281,500.00

FUND BALANCE, DECEMBER 31

(1,864,700.00)

1,099,600.00

253,500.00