2018 City of Shakopee Comprehensive Annual Financial Report

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

NOTE 12 – INTERFUND TRANSFERS

Transfer In

Transfer Out

Governmental Funds:

Other Governmental Funds (2) (3) (4) (6) (7) Capital Improvements (3) (8) Economic Development Authority (3) (5) General Fund (1) (7)

$

262,526 186,480

$

2,187,000

812,170

2,233,651 1,355,859 4,038,516

-

132,866

Total Governmental Funds

3,132,036

Proprietary Funds:

Sewer (1) (5) StormDrainage (1)

- - -

311,480 125,000 436,480

Total Proprietary Funds

Internal Service Funds: Buildings (4) (6)

-

470,000

Total

$

4,038,516

$

4,038,516

(1) (2) (3) (4) Annual transfer for bond payment Annual transfer to finance General Fund Transfer to close bond funds as the final payment made during the year Annual transfer to fund infrastructure projects (Vierling Drive Extension) (5) Transfer SAC Credit funds to EDA as business subsidies (6) Transfer to City Hall Fund for city hall construction repayment (7) (8) Transfer to fund future infrastructure projects Transfer to move seal coat and bituminous trail money related to projects.

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