2019 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE

COMBINING STATEMENT OF NET POSITION - INTERNAL SERVICE FUNDS December 31, 2019

Information and Technology Self Insurance

Employee Benefits

Equipment

Buildings

Park Asset

Total

ASSETS Current Assets Cash and Investments, Including Cash Equivalents

4,622,575 $

5,480,066 $

1,220,377 $

1,057,466 $

$

714,075 2,068 68,464 784,607

1,536,748 $

14,631,307 $

Interest Receivable Prepaid Expenses

13,443

15,937

3,549

3,075

4,469

42,541 264,400

-

-

-

-

195,936 1,737,153

Total Current Assets

4,636,018

5,496,003

1,223,926

1,060,541

14,938,248

Noncurrent Assets Advances to Other Funds, Noncurrent

941,394

250,000

-

-

-

-

1,191,394

Capital Assets: Land

-

- -

221,876 185,253 3,596,319 3,296,094 4,604,914 11,904,456 (5,487,875) 6,416,581 6,416,581

- - - - - - - - -

- - - -

- - - - - - - - -

221,876 379,675 3,806,460 32,821,455 17,463,120 54,692,586 (23,779,681) 30,912,905 32,104,299

Construction in Progress

194,422

Infrastructure

- -

210,141

Buildings

29,525,361

Machinery and Equipment

12,059,272 12,253,694 (5,874,232) 6,379,462 7,320,856

314,161

484,773 484,773 (231,611) 253,162 253,162

Total Cost

30,049,663 (12,185,963) 17,863,700 18,113,700

Less Accumulated Depreciation

Net Capital Assets

Total Noncurrent Assets

Total Assets

11,956,874 $

23,609,703 $

7,640,507 $

1,060,541 $

1,037,769 $

1,737,153 $

47,042,547 $

LIABILITIES AND NET POSITION Current Liabilities Accounts Payable

$

- - - - - - - -

$

3,797 3,734

$

39,262

$

- -

$

11,522

$

2,500

$

57,081 3,734

Contracts Payable

- -

- -

- -

Current Compensated Absences

-

1,117,403 1,117,403

1,117,403 1,178,218

Total Current Liabilities

7,531

39,262

11,522

2,500

Noncurrent Liabilities Advance from Other Funds Compensated Absences

1,430,000

- - -

-

- - -

- - -

1,430,000 1,365,715 2,795,715 3,973,933

-

1,365,715 1,365,715 2,483,118

Total Noncurrent Liabilities

1,430,000 1,437,531

Total Liabilities

39,262

11,522

2,500

Net Position Investment in Capital Assets

253,162 773,085 1,026,247

-

30,912,905 12,155,709 43,068,614

6,379,462 5,577,412 11,956,874

17,863,700 4,308,472 22,172,172

6,416,581 1,184,664 7,601,245

-

Unrestricted

(1,422,577) (1,422,577)

1,734,653 1,734,653

Total Net Position

Total Liabilities and Net Position

11,956,874 $

23,609,703 $

7,640,507 $

1,060,541 $

1,037,769 $

1,737,153 $

47,042,547 $

130