2018 City of Shakopee Comprehensive Annual Financial Report
CITY OF SHAKOPEE NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2018
NOTE 16 – FUND BALANCE DETAIL Fund equity balances are classified as follows to reflect the limitations and restrictions of the respective funds.
Economic
Other
General
Development
Capital
TIF District
Governmental
Fund
Authority
Improvements
No. 17
Funds
Total
Nonspendable: Prepaid Items
$
68,784
$
-
$
-
$
-
$
3,801
$
72,585
Restricted:
Forfeitures SCDP Grant
- - - - - -
- - - - - -
- - - - - -
- - - - - -
195,322 18,368 73,004
195,322 18,368 73,004
Revolving Loans
Debt Service
3,207,099 3,166,302 6,660,095
3,207,099 3,166,302 6,660,095
Capital Improvements
Total Restricted
Assigned: Telecommunications
- - -
- - -
-
- - -
76,698 516,211 592,909
76,698
Capital Improvements
6,423,824 6,423,824
6,940,035 7,016,733
Total Assigned
Unassigned:
12,250,660
(821,472)
-
(1,801,093)
(200,871)
9,427,224
Total Fund Balance
12,319,444 $
(821,472) $
6,423,824 $
(1,801,093) $
7,055,934 $
23,176,637 $
NOTE 17 – COMMITTMENTS The City has the following construction commitments at December 31, 2018. Project Work
12/31/2018 Commitment
Authorization
Completed
HVAC Fire Station #1
$
64,000 19,800 115,000 524,980 644,014 556,828 257,129 16,915
$
16,000
$
48,000 14,850 57,500 127,298 70,560 97,138 29,785 12,915
Condensing Unit Fire Station #1
4,950
Reverance Pond Sculpture
57,500 397,682 573,454 459,690 227,344
2016 Sanitary Sewer Lateral Pipe Rehab
Whispering Oaks
2018 Sanitary Sewer Lateral Pipe Rehab 2018 Trail Rehabilitation and Overlay
Fire Station Windows
4,000
94
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