Financial Reporting

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The City of Shakopee is on a Jan. 1 through Dec. 31 fiscal calendar. The city administrator collaborates with City Council and city departments to develop the annual budget to ensure the city continues to provide quality public services to our residents and businesses at a reasonable price. 

2018 Budget

At its Dec. 19, 2017, meeting, the City Council approved the 2018 operating budget and levy. The budget and levy include no impact to the average homeowner whose property valuation remains unchanged.

Budget Report 2018 [PDF]

Capital Improvement Plan

The city has a multi-year capital plan that looks at the current and long-term needs of the city, such as park development or the repair, maintenance, replacement or new construction of streets. See the current Capital Improvement Plan.

2019 Proposed Capital Improvement Plan

2019 Proposed Capital Improvement Plan - DRAFT [PDF]


Comprehensive Annual Financial Report

The city conducts an annual audit every spring of its past year’s financial condition, which is outlined in the Comprehensive Annual Financial Report (CAFR).

2017 Comprehensive Annual Financial Report: An in-depth report of the city’s financial condition as of Dec. 31, 2017.

This report provides both the summary and detailed overview of the city’s financial audit and the annual financial report that is created after each year’s audit process. Auditors present an overview of the audit process, audit results and trend information each year at a City Council meeting, typically in May or June.

Also Available:

2016 CAFR
2015 CAFR
2014 CAFR
2013 CAFR [PDF]
2012 CAFR [PDF]
2011 CAFR [PDF]