2025 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION - PROPRIETARY FUNDS For the Year Ended December 31, 2025

Business-Type Activities - Enterprise Funds

Governmental Activities - Internal Service Funds

Sewer

Storm Drainage

Refuse

Total

OPERATING REVENUES Charges for Services

$ 5,143,954

$ 1,482,813

$

90,000

$

6,716,767

$

-

Rental Charges Other Charges

2,646

-

- - -

2,646

5,514,774

- -

70,645

70,645

42,307

Special Assessments

2,512

2,512

-

Total Operating Revenues

5,146,600

1,555,970

90,000

6,792,570

5,557,081

OPERATING EXPENSES Salaries and Benefits

531,422

632,378

- - - - - - - - - -

1,163,800 2,336,798

-

Depreciation

1,100,571

1,236,227

2,531,662

Professional Services Sewer Disposal Charges Repairs and Maintenance Materials and Supplies

291,436

166,671

458,107

291,977

3,168,852

-

3,168,852

-

34,644 61,078 33,500 37,600 30,181

501,120 33,979 29,900

535,764 95,057 63,400 45,400 43,704

102,717 411,498

Rent

-

Insurance

7,800

875,211

Utilities

13,523

-

Total Operating Expenses

5,289,284

2,621,598

7,910,882

4,213,065

Operating Income (Loss)

(142,684)

(1,065,628)

90,000

(1,118,312)

1,344,016

NONOPERATING REVENUES (EXPENSES) Investment Income (Loss)

346,497

790,723 122,976

934

1,138,154

1,163,210

Grants and Contributions

- -

- - -

122,976

-

Interest Expense

(371)

(371)

(25,337) (285,781)

Gain (Loss) on Sale of Asset

7,000

(46,449)

(39,449)

Total Nonoperating Revenues (Expenses)

353,497

866,879

934

1,221,310

852,092

Income before Capital Contributions and Transfers

210,813

(198,749)

90,934

102,998

2,196,108

Capital Grants and Contribution

-

100,000

- - - - - -

100,000 142,848

49,313

Capital Contributions from Special Assessments Capital Contributions from Outside Developers Capital Contributions (to)/from Governmental Funds

142,848

-

- -

3,916,590

6,171,276

10,087,866

557,920

372,808

930,728

147,608 475,000

Transfers In Transfers Out

-

-

-

(200,000)

(200,000)

(400,000)

(350,000)

Change in Net Position

4,628,171

6,245,335

90,934

10,964,440

2,518,029

NET POSITION Beginning of Year

59,312,807

76,162,556

(34,220)

135,441,143

56,637,995

End of Year

$ 63,940,978

$ 82,407,891

$

56,714

$ 146,405,583

$ 59,156,024

Adjustment to Reflect the Consolidation of Internal Service Fund Activity Related to Enterprise Funds (See Note 2d)

51,703

Governmental Activities Contribution Revenue Reported Above Transfers In of Capital Assets from Governmental Activities

(930,728)

930,728

Change in Net Position - Business-Type Activities

$ 11,016,143

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

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