2026 Budget for the City of Shakopee

123

2026 Annual Budget

ENTERPRISE FUNDS

The Enterprise Funds are maintained to account for the operation of the sanitary sewer, storm drainage systems and refuse.

Since the operation of these systems is financed by user charges and are self-supporting, they are accounted for in a manner similar to private business.

The intent of the City Council is to have a cash balance to provide for six to twelve months operating costs, annual debt service requirements and at least ten percent of accumulated depreciation to provide for capital outlay. The city reviews fees annually to determine appropriate revenue levels. SUMMARY

SURFACE WATER FUND

SEWER FUND

REFUSE FUND

TOTAL

REVENUES: OPERATING REVENUES EXPENSES: OPERATING EXPENSES

5,155,000 1,431,000

90,000 6,676,000

(4,419,950) (1,010,000)

(2,204,150) (1,180,000)

0 (6,624,100) 0 (2,190,000)

DEPRECIATION

OPERATING INCOME (LOSS)

(274,950)

(1,953,150)

90,000 (2,138,100)

NON-OPERATING INCOME NON-OPERATING EXPENSES

123,000

230,000

0 0

353,000

0

0

0

NET INCOME (LOSS) BEFORE TRANSFER

(151,950)

(1,723,150)

90,000 (1,785,100)

CAPITAL CONTRIBUTION

50,000

200,000

0 0

250,000

TRANSFERS IN TRANSFERS OUT NET INCOME (LOSS)

0

0

0

(2,050,000)

(2,449,300)

0 (4,499,300)

2,151,950 3,972,450

(90,000)

6,034,400