2018 City of Shakopee Comprehensive Annual Financial Report

Culture and Recreation 4,953,434 4,167,615 23,804 33,000 (729,015) - (729,015) - Conservation and Natural Resources 87,555 52,384 5,528 - (29,643) - (29,643) - Economic Development 3,069,377 113,908 400,000 - (2,555,469) - (2,555,469) - Interest on Long-Term Debt 1,009,230 - - - (1,009,230) - (1,009,230) - Total Governmental Activities 38,194,773 11,404,321 2,036,547 5,061,933 (19,691,972) - (19,691,972) Business-Type Activities Sewer 3,968,897 3,682,569 - 1,624,012 - 1,337,684 1,337,684 - Storm Drainage 1,685,266 1,230,592 - 2,609,495 - 2,154,821 2,154,821 - Refuse 124,579 104,638 - - - (19,941) (19,941) -

Governmental Activities General Government 5,267,652 $ 2,811,252 $ 250,849 $ - $ (2,205,551) $ - $ (2,205,551) $ - $ Public Safety 11,376,216 3,225,764 815,660 - (7,334,792) - (7,334,792) - Public Works 12,431,309 1,033,398 540,706 5,028,933 (5,828,272) - (5,828,272) -

Franchise Taxes 1,343,650 - 1,343,650 - Tax Increments 1,657,231 - 1,657,231 - Unrestricted Investment Earnings 508,812 318,501 827,313 668,883 Gain on Sale of Asset 14,588 1,875 16,463 59,601 Transfers 436,480 (436,480) - -

General Revenues Property Taxes 20,005,373 - 20,005,373 -

Total Business-Type Activities 5,778,742 5,017,799 - 4,233,507 - 3,472,564 3,472,564 - Total Primary Government 43,973,515 $ 16,422,120 $ 2,036,547 $ 9,295,440 $ (19,691,972) 3,472,564 (16,219,408) -

Change in Accounting Principle (Note 21) (75,291) 6,902 (68,389) - Net Position - Beginning, As Restated 156,769,192 98,285,097 255,054,289 132,079,098 Net Position - Ending 161,043,354 $ 101,641,557 $ 262,684,911 $ 145,038,940 $

Total General Revenues and Transfers 23,966,134 (116,104) 23,850,030 728,484 Change in Net Position 4,274,162 3,356,460 7,630,622 12,959,842 Net Position - Beginning 156,844,483 98,278,195 255,122,678 132,079,098

Component Unit - SPUC Electric 45,726,483 $ 50,914,287 $ - $ 730,662 $ - - - 5,918,466 Water 5,353,845 5,798,520 - 5,868,217 - - - 6,312,892

Component Units

Total Component Unit 51,080,328 $ 56,712,807 $ - $ 6,598,879 $ - - - 12,231,358

Business-Type Activities Total

Net (Expense) Revenues

and Changes in Net Position

Governmental Activities

Capital Grants and

Contributions

CITY OF SHAKOPEE

STATEMENT OF ACTIVITIES For the Year Ended December 31, 2018 Program Revenues Operating Grants and Contributions

Charges for Services

Expenses

Functions/Programs

The Notes to the Financial Statements are an integral part of this statement. 29