Revenue Variances

• Taxes
  • Property taxes are received by the city twice a year, in June and December.  The $70,651 of revenue in this line item is related to lodging tax that is collected and submitted to the Shakopee CVB.

• Special Assessments
  • This is negative revenue at the moment, which reflects the payment to Republic Services for delinquent garbage bills.  The city will recoup this payment through the special assessments levied against the delinquent account holders.  
• Licenses & Permits
  • Revenue is down significantly compared to last year, but well within range of this year's expected budget.
• Charges for Services

  • April's $315,900 of revenue includes:

    • $115,800 of recreation revenue including ice sales, membership sales, programming and rental revenue.
    • $176,000 from SPUC for April's payment in lieu of taxes
    • $12,900 for planning application fees.

     

Expenditure Variances

• April 30th marked the one-third point of the year, compared with year-to-date actual expenditures accounting for only about 25 percent of the annual budget, or an 8 percent positive variance.  Compared to last year at this time, actual expenditures have increased approximately $200,000.  This increase is expected with the staffing of formerly vacant positions and the increased operational expenditures of running a larger ice facility.  
• All city departments are either within a few percentage points of the 33 percent benchmark or are significantly below that threshold.

Community Center & Ice Arena Year-over-Year Comparison

Ice Arena revenues are at $248,625 through April, which is more than double the revenues during this same period last year.  Consequently, operating expenditures are also nearly double with personnel expenditures about 55 percent higher than last year.  The prime winter season activities are complete, which will cause a reduction in sales over the non-prime season.  Revenues as of April 30 exceed expenditures by $50,800 compared to last years amount of $5,600.  

Community Center revenues have increased almost $138,000 or 140 percent compared to this same time last year.  Membership sales are have increased with a drive to recruit new members as the community center begins to wrap up construction over the next couple months.  Personnel expenditures are up 17 percent compared to last year, which is expected due to the need to hire additional staff to cover expanded operations.  Operational expenditures are up five percent compared to last year.  Once the pool area is operational both personnel and operating costs are expected to increase.  Expenditures as of April 30 exceed revenue by $38,902 compared to $147,523 this time last year.