2018 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE

COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION - INTERNAL SERVICE FUNDS For the Year Ended December 31, 2018

Information and Technology

Employee Benefits

Self Insurance

Equipment

Buildings

Park Asset

Total

OPERATING REVENUES Rental Charges

$

889,300

$

579,400

781,300 $

$

- - -

400,900 $

858,642 $

3,509,542 $

Other Charges

-

-

24,980 806,280

-

6,739

31,719

Total Operating Revenues

889,300

579,400

400,900

865,381

3,541,261

OPERATING EXPENSES Salaries and Benefits Professional Services Repairs and Maintenance Materials and Supplies Depreciation

-

-

-

86,088

-

- -

86,088

860,407

684,115

431,742

- - - - -

17,686 4,130 44,122 231,801

1,993,950

- -

1,677

- -

20,728 12,789

26,535 57,002 348,910 692,379

91

55,744

20,714

40,651

-

Insurance

-

-

-

-

692,379 725,896

Total Operating Expenses

916,151

706,597

472,393

86,088

297,739

3,204,864

Operating Income (Loss)

(26,851)

(127,197)

333,887

(86,088)

103,161

139,485

336,397

NONOPERATING REVENUES (EXPENSES) Investment Income (Loss)

54,110

44,892

34,071

15,488

8,996

9,937 26,150

167,494 26,150 (20,625) (102,439)

- - -

- - -

Insurance Dividends Interest Expense

- -

-

- -

(20,625) (45,536)

-

Gain (Loss) on Sale of Asset

7,884

(71,491)

6,704

Total Nonoperating Revenues (Expenses) Income (Loss) before Capital Contributions and Transfers

61,994

(21,269)

(37,420)

15,488

8,996

42,791

70,580

35,143

(148,466)

296,467

(70,600)

112,157

182,276

406,977

Capital Grants and Contribution

- -

-

5,000

- -

- -

- -

5,000

Transfers Out

(470,000)

-

(470,000)

Change in Net Position

35,143

(618,466)

301,467

(70,600)

112,157

182,276

(58,023)

NET POSITION Beginning of Year

11,650,549

20,595,566

9,146,693

(1,177,149)

821,914

1,411,197

42,448,770

End of Year

11,685,692 $

19,977,100 $

9,448,160 $

(1,247,749) $

934,071 $

1,593,473 $

42,390,747 $

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