2018 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE

COMBINING STATEMENT OF NET POSITION - INTERNAL SERVICE FUNDS December 31, 2018

Information and Technology Self Insurance

Employee Benefits

Equipment

Buildings

Park Asset

Total

ASSETS Current Assets Cash and Investments, Including Cash Equivalents

3,681,710 $

2,852,193 $

2,902,259 $

1,136,035 $

$

678,258

1,380,828 $

12,631,283 $

Accounts Receivable Interest Receivable Due from Other Funds

-

-

-

-

-

6,704 5,343

6,704 49,090 55,000 238,887

14,246

11,250 55,000

11,232

4,395

2,624

- -

- -

- -

-

-

Prepaid Expenses

-

30,041 710,923

208,846 1,601,721

Total Current Assets

3,695,956

2,918,443

2,913,491

1,140,430

12,980,964

Noncurrent Assets Advances to Other Funds, Noncurrent

941,394

300,000

-

-

-

-

1,241,394

Capital Assets: Land

- - - -

-

221,876 57,805

- - - - - - - - -

- - - -

- - - - - - - - -

221,876 78,755

Construction in Progress

20,950 210,141

Infrastructure

3,596,319 3,296,094 4,431,667 11,603,761 (5,069,092) 6,534,669 6,534,669

3,806,460 32,717,849 17,986,920 54,811,860 (22,626,384) 32,185,476 33,426,870

Buildings

29,421,755

487,747 487,747 (223,551) 264,196 264,196

Machinery and Equipment

12,877,967 12,877,967 (5,829,625) 7,048,342 7,989,736

189,539

Total Cost

29,842,385 (11,504,116) 18,338,269 18,638,269

Less Accumulated Depreciation

Net Capital Assets

Total Noncurrent Assets

Total Assets

11,685,692 $

21,556,712 $

9,448,160 $

1,140,430 $

$

975,119

1,601,721 $

46,407,834 $

LIABILITIES AND NET POSITION Current Liabilities Accounts Payable

$

- - - -

$

35,032 4,580

$

- - - -

$

- -

$

41,048

$

8,248

$

84,328 4,580

Contracts Payable

- -

- -

Current Compensated Absences

-

1,074,681 1,074,681

1,074,681 1,163,589

Total Current Liabilities

39,612

41,048

8,248

Noncurrent Liabilities Advance from Other Funds Compensated Absences

- - - -

1,540,000

- - - -

-

- - -

- - -

1,540,000 1,313,498 2,853,498 4,017,087

-

1,313,498 1,313,498 2,388,179

Total Noncurrent Liabilities

1,540,000 1,579,612

Total Liabilities

41,048

8,248

Net Position Investment in Capital Assets

7,048,342 4,637,350 11,685,692

18,338,269 1,638,831 19,977,100

6,534,669 2,913,491 9,448,160

-

264,196 669,875 934,071

-

32,185,476 10,205,271 42,390,747

Unrestricted

(1,247,749) (1,247,749)

1,593,473 1,593,473

Total Net Position

Total Liabilities and Net Position

11,685,692 $

21,556,712 $

9,448,160 $

1,140,430 $

$

975,119

1,601,721 $

46,407,834 $

130