2025 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

STATEMENT OF NET POSITION (Continued) December 31, 2025

Primary Government

Component Unit Shakopee Public Utility

Governmental Activities

Business-Type Activities

Total

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND NET POSITION Liabilities Accounts and Contracts Payable

$

1,850,734

$

154,214

$

2,004,948

4,944,963

Other Current Liabilities Due to Other Governments Salaries and Benefits Payable

-

-

-

232,241 535,267

531,807

187,413

719,220

1,226,762 6,830,017

- - - - -

1,226,762 6,830,017

-

Deposits Payable Interest Payable Unearned Revenue Customer Advances

1,718,490

485,654 241,147

485,654 241,147

- -

-

-

1,560,637

Bond Principal Payable, Net: Payable Within One Year

2,690,000 37,983,431

- -

2,690,000 37,983,431

- -

Payable After One Year

Lease Liability

Payable Within One Year Payable After One Year

187,906 286,816

- -

187,906 286,816

- -

SBITA Liability

Payable Within One Year Payable After One Year

190,402 103,082

10,271 10,767

200,673 113,849

308,707 566,452

Compensated Absences Payable: Payable Within One Year

1,783,995 2,180,439

48,513 59,295

1,832,508 2,239,734

255,910 884,079

Payable After One Year

OPEB Liability:

Payable Within One Year Payable After One Year

167,333

6,732

174,065

- -

2,963,846

119,236

3,083,082

Net Pension Liability:

Payable After One Year

9,760,957

324,303

10,085,260

2,180,765

Total Liabilities

69,464,328

920,744

70,385,072

13,187,511

Deferred Inflows of Resources

Regulatory Collections to Cover Future Costs Deferred Inflows of Resources Related to Leases Deferred Inflows of Resources Related to Pensions Deferred Inflows of Resources Related to OPEB

-

- -

-

504,566

1,437,865 13,254,356 1,065,234

1,437,865 13,466,389 1,108,088

3,376,560 1,574,119

212,033 42,854

-

15,757,455

254,887

16,012,342

5,455,245

Total Deferred Inflows of Resources

85,221,783

1,175,631

86,397,414

18,642,756

Total Liabilities and Deferred Inflows of Resources

Net Position

Net Investment in Capital Assets

181,429,247

121,183,098

302,612,345

158,720,708

Restricted for:

- - - - - - - - -

Economic Development

4,324,948

4,324,948

- - - - - -

DARE

2,035

2,035

Public Safety Fund Opioids Settlement

358,164 243,867 58,004

358,164 243,867 58,004

Forfeiture

Debt Service

3,653,083

3,653,083

Component Units Water and Electric

-

-

21,739,848

Capital Improvements

5,009,895 29,629,521

5,009,895 55,744,303

-

Unrestricted

26,114,782

70,483,519

Total Net Position

224,708,764

147,297,880

372,006,644

250,944,075

Total Liabilities, Deferred Inflows of Resources and Net Position $

309,930,547

$

148,473,511

$

458,404,058

$

269,586,831

The Notes to the Financial Statements are an integral part of this statement.

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