The city prepares an annual financial overview to illustrate the city and broader community’s overall economic health. To promote financial transparency, the overview uses charts and graphs to highlight:
- Key financial and economic indicators
- Comparative data from comparable communities
The city's purchasing policy is intended to ensure public confidence in the procurement process, fair and equitable treatment of vendors who transact business with the city and provide safeguards for the maintenance of a procurement system of quality and integrity. The city uses an automated purchasing system for consistent application of the policy and an enhanced internal control system.
This video explains the process for coding and approving purchases to ensure they meet the city's purchasing policy.
In 2020, Standard & Poor’s (S&P) confirmed its current credit rating for the City of Shakopee. Shakopee’s general obligation debt is rated at AA+, placing the city among a small percentage of cities in the United States achieving this high level. This rating is just one notch from a AAA rating, the highest rating available.
In 2015, Moody's Investors Service upgraded the City of Shakopee’s general obligation (GO) rating to Aa1.