2018 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2018 TABLE OF CONTENTS SECTION I

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INTRODUCTORY SECTION Elected Officials and Administration................................................................................ Organization Chart............................................................................................................ Letter of Transmittal ......................................................................................................... Certificate of Achievement for Excellence in Financial Reporting.................................. FINANCIAL SECTION Independent Auditor’s Report........................................................................................... Management’s Discussion and Analysis (Unaudited) ...................................................... Basic Financial Statements: Government-Wide Financial Statements: Statement of Net Position ..................................................................................... Statement of Activities.......................................................................................... Fund Financial Statements: Balance Sheet – Governmental Funds .................................................................. Reconciliation of the Balance Sheet to the Statement of Net Position – Governmental Funds ........................................................................................... Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds ........................................................................................... Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances to the Statement of Activities – Governmental Funds ............... Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual – General Fund..................................................................... Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual – Economic Development Authority Special Revenue Fund ................................................................................................................... Statement of Net Position – Proprietary Funds..................................................... Statement of Revenues, Expenses and Changes in Net Position – Proprietary Funds................................................................................................ Statement of Cash Flows – Proprietary Funds...................................................... Combined Statement of Fiduciary Net Position ................................................... Statement of Net Position – Component Unit....................................................... Statement of Revenues, Expenses and Changes in Net Position – Component Unit .................................................................................................................... Notes to the Financial Statements............................................................................... Required Supplementary Information: Schedule of City's Proportionate Share of Net Pension Liability General Employees Retirement Fund.............................................................................. Schedule of City's Proportionate Share of Net Pension Liability Public Employees Police and Fire Retirement Fund..................................................... Schedule of Component Units' Proportionate Share of Net Pension Liability General Employees Retirement Fund ................................................................ SECTION II

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