2018 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE

BALANCE SHEET - GOVERNMENTAL FUNDS December 31, 2018

Special Revenue

Capital Projects

Economic Development Authority

TIF District No. 17 Amazon

Other Governmental Funds

Total Governmental Funds

Captial Improvement

General Fund

ASSETS

Cash and Investments

11,659,859 $

$

131,459

$

4,197,694

$

- - - - - - - - - - - -

7,275,426 $

23,264,438 $

Delinquent Taxes Receivable Special Assessments Receivable:

102,817

4

-

40

102,861

-

Delinquent

2,656 33,416 286,168 53,492 360,280 973,050 43,171 25,613 -

- -

28,704

988

32,348

Deferred

2,879,038 174,451 1,858,459 524,950 125,750 18,251

950,505 36,273 26,512

3,862,959 529,919 1,858,459 886,306 1,098,800 98,764

Accounts Receivable Interest Receivable Due from Other Funds

33,027

509

-

-

Due From Other Governments

1,067

9

Advance to Other Funds

- - -

- -

Inventories Prepaid Items

- - -

43,171 29,414

3,801

-

1,407,313

1,407,313

Land Held for Resale

-

Total Assets

13,540,522 $

1,573,379 $

$

9,807,297

$

-

8,293,554 $

33,214,752 $

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities Accounts Payable

$

317,860

$

7,118 47,498

$

130,126 162,847

$

- - - - - -

$

168,108

$

623,212 211,057

Contracts Payable Due to Other Funds

712

-

-

-

-

1,801,093

112,366

1,913,459 334,177 422,326 2,340,194 195,522 6,039,947

Due to Other Governments Salaries and Benefits Payable Advance from Other Funds

145,769 422,326

37

182,758

5,613

-

- - -

- - -

-

2,340,194

Unearned Revenue

195,522 1,082,189

-

Total Liabilities

2,394,847

475,731

1,801,093

286,087

Deferred Inflows of Resources Unavailable Revenue - Property Taxes Unavailable Revenue - Special Assessments

102,817 36,072 138,889

4

-

- - -

40

102,861 3,895,307 3,998,168

-

2,907,742 2,907,742

951,493 951,533

Total Deferred Inflows of Resources

4

Fund Balances

Nonspendable

68,784

- - -

- -

- - -

3,801

72,585

6,660,095 592,909 (200,871) 7,055,934

6,660,095 7,016,733 9,427,224 23,176,637

Restricted Assigned Unassigned

- -

6,423,824

12,250,660 12,319,444

(821,472) (821,472)

-

(1,801,093) (1,801,093)

Total Fund Balances

6,423,824

Total Liabilities, Deferred Inflows of Resources and Fund Balances

13,540,522 $

1,573,379 $

$

9,807,297

$

-

8,293,554 $

33,214,752 $

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

30