2025 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2025

NOTE 4 – DEPOSITS AND INVESTMENTS (CONTINUED)

B. Investments (Continued)

Publicly traded assets are valued in accordance with market quotation or valuation methods from services believed by our broker to be reliable. Assets, which are not publicly traded, may reflect values from other external sources or special valuations prepared by our broker. Assets for which a current value is not available may be reflected as not valued, at par value, or at a nominal value of $1.00.

The following is a summary of total deposits and investments as of December 31, 2025:

City Deposits

$

20,939,711 3,402,808 87,589,988 75,022,954

Component Unit Deposits

City Investments

Component Unit Petty Cash Component Unit Investments City Petty Cash

2,000 1,540

Total Deposits and Investments

$ 186,959,001

Deposits and investments are presented in the December 31, 2025 basic financial statements as follows:

Primary

Fiduciary

Component

Government

Funds

Unit

Total

Statement of Net Position:

Cash and Investments

$ 90,963,245

$

31,091

$ 74,124,817

$

21,839,848 165,119,153

Restricted Cash and Investments

-

-

21,839,848

Total

$ 90,963,245

$

31,091

$ 95,964,665

$

186,959,001

NOTE 5 – RECEIVABLES/UNAVAILABLE REVENUE

A. Taxes, Assessments, Notes Receivable, Intergovernmental Revenue

Governmental funds report unavailable revenue in connection with receivables for revenues that are not considered to be available to liquidate liabilities of the current period. Governmental funds also defer revenue recognition in connection with resources that have been received, but not yet earned. At the end of the current year, the various components of unavailable revenue reported in the governmental funds were as follows:

Delinquent

Delinquent

Deferred

Property

Special

Special

Intergovernmental

Taxes

Assessments

Assessments

Revenue

Total

General Fund

$

170,446

$

663

$

24,888

$

- -

$ 195,997

Economic Development Authority

3,236

-

-

3,236

Capital Improvement

- -

2,330

601,319 573,261

2,181,223

2,784,872

Nonmajor Funds

22,674

-

595,935

Total

$

173,682

$

25,667

$

1,199,468

$

2,181,223

$ 3,580,040

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