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Compliance audit based on the Minnesota Legal Compliance Audit Guide for
Local Governments covers seven areas of compliance:
Conflicts of Interest
Public Indebtedness
Miscellaneous Provisions
Emerging Issues
Accounting and Financial Reporting for Postemployment Benefits Other than Pensions GASB
Statement 75
General Fund
$25,000,000
$21,000,000
$17,000,000
$13,000,000
$9,000,000
$5,000,000
$1,000,000
Revenues
Expenditures
Fund Balance
2011
$20,956,396
18,674,938
9,304,194
2012
$21,770,348
18,694,101
9,522,841
2013
$22,869,399
19,539,401
9,092,989
2014
$23,794,189
20,506,749
9,838,046
2015
$24,331,286
21,063,756
9,840,110
$700
$600
$575
$556
$495
$500
$524
$513
$494
$616
$608
$600
$533
$400
$300
$200
$100
$2011
2012
2013
Revenues
2014
Expenditures
2015
Actual
Variance
$ 16,174,500 $ 16,172,118 $
(2,382)
1,348,300
2,023,436
675,136
1,028,393
1,356,733
328,340
4,050,700
4,452,415
401,715
251,000
7,093
(243,907)
252,000
319,491
67,491
$ 23,104,893 $ 24,331,286 $ 1,226,393
Transfers in
Transfers out
Total other financing
Sources (uses)
250,000 $
250,000 $
(1,900,000)
(3,515,466) (1,615,466)
(1,650,000)
(412,274) $
(3,265,466)
2,064 $
(1,615,466)
414,338
10
70%
60%
50%
49%
51%
48%
47%
46%
40%
30%
20%
10%
0%
2011
2012
2013
2014
2015
$25,000,000
$22,000,000
$19,000,000
$16,000,000
$13,000,000
$10,000,000
$7,000,000
$4,000,000
$1,000,000
Miscellaneous
Charges for Services
Fines and Forfeitures
Licenses and Permits
Intergovernmental
Taxes and Assessments
2011
$397,477
3,879,113
357,249
1,225,560
796,076
14,300,921
2012
$359,323
4,035,921
368,167
1,229,184
991,445
14,786,308
2013
$132,202
4,304,786
348,262
1,443,885
1,042,127
15,598,137
2014
$333,177
4,294,637
391,500
1,534,165
1,191,127
16,049,583
2015
$319,491
4,452,415
7,093
2,023,436
1,356,733
16,172,118
12
$40,000,000
$35,000,000
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
2011
$37,680,587
14,717,367
2012
$35,402,744
14,717,435
2013
$32,445,035
15,333,211
2014
$34,210,957
16,137,178
2015
$38,705,002
16,573,266
55
48.79
50
45
48.75
46.89
46.26
42.53
46.14
43.45
40
40.03
35
34.73
42.00
46.01
41.44
43.37
37.86
36.66
30
25
20
15
10
5
0
2011
2012
City Rate
2013
State Average
2014
Metro City Average
2015
14
Sewer Fund
15
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$-
$(1,000,000)
$(2,000,000)
Operating Revenues
Operating Expenses
Operating Loss
Change in Net Position
2011
$2,936,144
3,836,202
(900,058)
(524,858)
2012
$3,730,226
3,953,269
(223,043)
(14,003)
2013
$2,973,474
4,122,406
(1,148,932)
(1,162,542)
2014
$2,872,662
3,734,691
(862,029)
(201,729)
2015
$2,845,439
3,846,338
(1,000,899)
(1,425,120)
16
$2,000,000
$1,500,000
$1,000,000
$500,000
$-
$(500,000)
$(1,000,000)
Service Charges
Operating Expenses
Operating Loss
Change in Net Position
2011
$995,855
1,411,271
(415,416)
55,008
2012
$1,037,427
1,472,361
(434,934)
431,658
2013
$1,047,160
1,604,937
(557,777)
(3,004)
2014
$1,066,118
1,935,464
(869,346)
101,746
2015
$1,102,728
1,748,461
(645,733)
363,481
$20,000,000
$18,000,000
$16,145,000
$16,990,000
$19,060,000
$16,000,000
$14,000,000
$4,625,946
$13,830,000
$9,574,198
$8,678,680
$12,000,000
$6,620,389
$10,000,000
$8,215,000
$8,000,000
$11,519,054
$9,485,802
$6,000,000
$3,085,157
$8,311,320
$7,209,611
$4,000,000
$5,129,843
$2,000,000
$2011
2012
Gross Bonded Debt
2013
Debt Service Fund Balance
2014
Net Bonded Debt
2015
18
2017
2018
2019
2020
2021
2022
2023
2024
2025
19
$800
$700
$600
$500
$400
$300
$200
$100
$0
Shakopee
Savage
Eden Prairie
Chaska
Total Expenditures
$524
422
649
479
Total Revenues
$608
451
668
468
Tax Revenues
$410
357
477
149
20
$300
$250
$200
$150
$100
$50
$0
Shakopee
Savage
Eden Prairie
Chaska
General Government
$90
74
63
170
Public Safety
$260
198
295
182
Public Works
$72
79
91
106
Recreation
$102
48
164
20
21
22