2018 City of Shakopee Comprehensive Annual Financial Report
CITY OF SHAKOPEE
December 31, 2018 STATEMENT OF NET POSITION - PROPRIETARY FUNDS
Business-Type Activities - Enterprise Funds
Governmental Activities - Internal Service Funds
Sewer
Storm Drainage
Refuse
Total
ASSETS Current Assets Cash and Investments, Including Cash Equivalents
$
8,139,159
$
13,029,404
$
-
$
21,168,563
$
12,631,283
Accounts Receivable Interest Receivable
1,254 31,802
3,980 50,410
26,046
31,280 81,901
6,704 49,090
(311)
Special Assessment Receivable:
- - - -
Deferred
209,632 80,272 408,162
2,302
- - - - -
211,934 80,272 563,828
Due from Other Funds
-
55,000
Due from Other Governments
155,666
Inventories
139 673
5,633
5,772 1,346
Prepaid Expenses
673
238,887
Total Current Assets
8,871,093
13,248,068
25,735
22,144,896
12,980,964
Noncurrent Assets Advances to Other Funds, Noncurrent
640,220
1,540,000
-
2,180,220
1,241,394
Capital Assets: Land
4,500
3,792,303 507,746 122,782
- - - - - -
3,796,803 507,746 140,271 1,368,569 99,339,731 4,274,637 109,427,757 (30,785,331) 78,642,426 80,822,646 -
221,876
Right of Way
-
-
Construction in Progress
17,489
78,755
Line Rights Infrastructure
1,368,569 49,509,817
-
-
49,829,914
3,806,460 32,717,849 17,986,920 54,811,860 (22,626,384) 32,185,476 33,426,870
Buildings
-
-
Machinery and Equipment
1,940,315 52,840,690 (15,425,680) 37,415,010 38,055,230
1,162,254 55,414,999 (14,890,888) 40,524,111 42,064,111
1,172,068 1,172,068 (468,763) 703,305 703,305
Total Cost
Less Accumulated Depreciation
Net Capital Assets
Total Noncurrent Assets
Total Assets
46,926,323
55,312,179
729,040
102,967,542
46,407,834
Deferred Outflows of Resources Deferred Outflows of Resources Related to Pensions Deferred Outflows of Resources Related to OPEB
46,045 3,609
70,235 3,609
- -
116,280
- -
7,218
Total Deferred Outflows of Resources
49,654
73,844
-
123,498
-
Total Assets and Deferred Outflows of Resources
$
46,975,977
$
55,386,023
$
729,040
103,091,040 $
$
46,407,834
LIABILITIES AND NET POSITION Current Liabilities Accounts Payable
$
133,468 108,316 87,294 14,416 343,494 -
$
41,095 2,385 21,409 16,218 81,107 -
$
- - - -
$
174,563 110,701 80,272 108,703 30,634 504,873 640,220 37,443 99,530 492,305
$
84,328 4,580
Contracts Payable Due to Other Funds
80,272
- -
Due to Other Governments Current Compensated Absences
1,074,681 1,163,589
Total Current Liabilities
80,272
Noncurrent Liabilities
Advance from Other Funds Compensated Absences Net OPEB Obligation
-
-
640,220
1,540,000 1,313,498
17,620 49,765 194,945 262,330 605,824
19,823 49,765 297,360 366,948 448,055
- - -
- -
Net Pension Liability
Total Noncurrent Liabilities
640,220 720,492
1,269,498 1,774,371
2,853,498 4,017,087
Total Liabilities
Deferred Inflows of Resources Deferred Inflows of Resources Related to Pensions
50,914
77,662
-
128,576
-
Net Position
Investment in Capital Assets
37,415,010 8,904,229 46,319,239
40,524,111 14,336,195 54,860,306
703,305 (694,757)
78,642,426 22,545,667 101,188,093
32,185,476 10,205,271 42,390,747
Unrestricted
Total Net Position
8,548
Total Liabilities, Deferred Inflows of Resources and Net Position
$
46,975,977
$
55,386,023
$
729,040
$
46,407,834
Adjustment to Reflect the Consolidation of Internal Service Fund Activity Related to Enterprise Funds (See Note 2c)
453,464
Total Business-Type Activities Net Position
101,641,557 $
38
The Notes to the Financial Statements are an integral part of this statement.
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