2018 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2018

NOTE 4 – DEPOSITS AND INVESTMENTS (CONTINUED) B. Investments (Continued) The following is a summary of total deposits and investments as of December 31, 2018: Deposits (Note 3.A.) 12,184,229 $ City Investments 58,929,632 Component Unit Investments 45,512,928 City Petty Cash 4,710 Component Unit Petty Cash 1,700 Deposits and investments are presented in the December 31, 2018 basic financial statements as follows: Primary Fiduciary Component Government Funds Unit Total Statement of Net Position: Cash and Investments 57,064,284 $ - $ 40,677,941 $ 97,742,225 $ Restricted Assets - - 16,493,139 16,493,139 Statement of Fiduciary Net Position: Cash and Investments - 2,397,835 - 2,397,835 Total Deposits and Investments 116,633,199 $

Total

57,064,284 $

2,397,835 $

57,171,080 $

116,633,199 $

NOTE 5 – RECEIVABLES/UNAVAILABLE REVENUE A. Taxes and Assessments

Governmental funds report unavailable revenue in connection with receivables for revenues that are not considered to be available to liquidate liabilities of the current period. Governmental funds also defer revenue recognition in connection with resources that have been received, but not yet earned. At the end of the current year, the various components of unavailable revenue reported in the governmental funds were as follows: Delinquent Delinquent Deferred Property Special Special Taxes Assessments Assessments Total

General Fund

102,817 $

$

2,656

$

33,416

138,889 $

Economic Development Authority

4

-

-

4

Capital Improvements

-

28,704

2,879,038

2,907,742

Nonmajor Funds

40

988

950,505

951,533

Total

102,861 $

$

32,348

3,862,959 $

3,998,168 $

65