2026 Budget for the City of Shakopee

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2026 Annual Budget

GENERAL FUND

The General Fund is used to account for revenues and expenditures necessary to carry out the basic functions of city government. Divisions within the General Fund include general government, public safety, public works and park and recreation. These basic functions include police and fire protection, planning, administration, etc. Appropriations are made from this fund annually. Revenues are recorded by source, i.e., taxes, intergovernmental, charges for services, etc. Expenditures are recorded by object and are primarily for day-to day operating expenses and equipment. Capital expenditures for large scale public improvements are accounted for within the Capital Projects Funds SUMMARY

Actual 2023

Actual 2024

Budget 2025

Requested Budget 2026

TAXES

20,790,614.32 22,730,797.52 23,446,450.00 24,581,880.00

SPECIAL ASSESSMENTS LICENSES AND PERMITS INTERGOVERNMENTAL CHARGES FOR SERVICES FINES AND FORFEITURES

56,189.70

19,707.86

17,000.00

17,000.00

6,393,007.06 5,542,102.05 3,810,750.00 4,392,000.00 5,592,884.81 6,035,453.77 5,430,000.00 5,617,250.00 5,425,467.91 5,019,846.73 5,236,800.00 6,548,180.00 327,215.22 296,452.31 325,200.00 325,200.00 1,470,310.13 1,282,629.27 537,100.00 625,700.00 40,055,689.15 40,926,989.51 38,803,300.00 42,107,210.00 (5,272,823.10) (5,855,274.00) (6,039,670.00) (6,577,150.00) (16,248,819.34) (18,491,479.13) (19,386,190.00) (21,424,230.00) (7,539,353.18) (7,796,890.41) (8,398,550.00) (8,771,130.00) (5,017,323.89) (5,198,428.06) (5,558,990.00) (5,997,100.00)

MISCELLANEOUS TOTAL REVENUES

GENERAL GOVERNMENT

PUBLIC SAFETY PUBLIC WORKS RECREATION UNALLOCATED DEBT SERVICE CAPITAL OUTLAY

(34,004.24) (64,781.17) (296,648.07)

(7,800.00)

(127,900.00)

(237,600.00)

(107,574.11) (176,258.69)

0.00

0.00 0.00

(168,000.00)

TOTAL EXPENDITURES

(34,473,752.99) (37,633,704.40) (39,679,300.00) (43,007,210.00)

TRANSFERS IN

400,000.00 495,552.73 876,000.00 900,000.00

PROCEEDS FROM SALE OF ASSETS

0.00

0.00

0.00 0.00 0.00

0.00 0.00 0.00

BOND PROCEEDS TRANSFERS OUT

85,898.43 167,921.96 (4,048,650.00) (2,460,000.00) (3,562,751.57) (1,796,525.31)

TOTAL OTHER FINANCING

876,000.00 900,000.00

COMMITTED FUNDS - BUILDING INSPECTIONS 126,000.00

0.00

0.00 0.00 0.00

0.00 0.00 0.00

ASSIGNED FUND BALANCE- SAND VENTURE

0.00 200,000.00

NET

2,145,184.59 1,696,759.80