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 (CONTINUED) SECTION II (Continued)

FINANCIAL SECTION Required Supplementary Information: (Continued) Schedule of City Contributions General Employees Retirement Fund ..................... Schedule of City Contributions Public Employees Police and Fire Retirement Fund .................................................................................................................. Schedule of Component Unit Contributions General Employees Retirement Fund . Schedule of Changes in the Net Pension Liability and Related Ratios – Fire Relief Association ...................................................................................... Schedule of City Contributions and Non Employer Contributing Entities– Fire Relief Association ...................................................................................... Schedule of Changes in the City’s OPEB Liability and Related Ratios..................... Notes to Required Supplementary Information .......................................................... Supplementary Information: Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – General Fund........................................................................... Combining and Individual Fund Financial Statements and Schedules: Combining Balance Sheet – Nonmajor Governmental Funds .............................. Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds ....................................................... Combining Statement of Net Position – Internal Service Funds .......................... Combining Statement of Revenues, Expenses and Changes in Net Position – Internal Service Funds ....................................................................... Combining Statement of Cash Flows – Internal Service Funds ........................... Combined Statement of Fiduciary Net Position ................................................... Statement of Changes in Assets and Liabilities –Agency Fund ........................... Net Position by Component ........................................................................................ 1 140 Changes in Net Position.............................................................................................. 2 142 Fund Balances – Governmental Funds ....................................................................... 3 144 Changes in Fund Balances – Governmental Funds .................................................... 4 146 Revenue Capacity: Tax Capacity and Estimated Actual Value of Taxable Property ................................ 5 148 Direct and Overlapping Property Tax Rates ............................................................... 6 149 Principal Taxpayers .................................................................................................... 7 150 Property Tax Levies and Collections .......................................................................... 8 151 Debt Capacity: Ratio of Outstanding Debt by Type ............................................................................ 9 152 Ratio of General Bonded Outstanding........................................................................ 10 153 Direct and Overlapping Governmental Activities Debt.............................................. 11 155 Legal Debt Margin Information.................................................................................. 12 156 Pledged Revenue Coverage ........................................................................................ 13 158 105 106 107 108 109 111 112 116 118 124 130 131 132 133 134 SECTION III STATISTICAL SECTION Financial Trends: