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 and ensure the city continues to provide quality public services at a reasonable price. 

Annual City Budget

2019 Budget & Levy

At its Dec. 18, 2018, meeting, the City Council approved the 2019 operating budget and levy. The council set the 2019 general fund operating budget at $27,204,700. Among the changes reflected in the 2019 budget:

  • A tax levy decrease of $30,000, 0.15 percent, from 2018. Shakopee homeowners whose property value increased up to 5.3 percent should see a tax decrease to the city portion of their property taxes.
  • One new full-time position – a Public Works maintenance operator – and adjustment of personnel costs to reflect cost-of-living increase, removal of election judge salaries (no election in 2019) and full-year funding for two police officer positions added in 2018
  • Increasing the city’s internal rent charges on equipment with life expectancies of 10 years or more
  • Increasing building permit, Community Center and Ice Arena revenues

In addition, the council set the total tax levy at $19,230,500, which decreases the current tax rate from 37.971 percent to an estimated 35.231 percent. See the approved budget at www.ShakopeeMN.gov/budget. More information: Darin Nelson, Finance Director, 952-233-9326. 

Capital Improvement Plan

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

2019 Capital Improvement Plan

2019 Capital Improvement Plan

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]