2019 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE

COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION - INTERNAL SERVICE FUNDS For the Year Ended December 31, 2019

Information and Technology

Employee Benefits

Self Insurance

Equipment

Buildings

Park Asset

Total

OPERATING REVENUES Rental Charges

$

988,600

1,037,000 $

449,600 $

$

- - -

420,900 $

865,673 $

3,761,773 $

Other Charges

-

-

1,524

-

7,953

9,477

Total Operating Revenues

988,600

1,037,000

451,124

420,900

873,626

3,771,250

OPERATING EXPENSES Salaries and Benefits Professional Services Repairs and Maintenance Materials and Supplies Depreciation

-

-

-

216,518

-

- -

216,518 2,020,442

895,255

681,847 12,412 41,736 77,287

418,783

- - - - -

24,557

- -

1,305

79

43,682 29,801

57,478 131,492 417,968 747,232

- - -

59,955 269,393

71,288

-

Insurance

-

-

-

747,232 820,715

Total Operating Expenses

966,543

813,282

420,088

216,518

353,984

3,591,130

Operating Income (Loss)

22,057

223,718

31,036

(216,518)

66,916

52,911

180,120

NONOPERATING REVENUES (EXPENSES) Investment Income (Loss)

158,036

196,100

39,098

41,690

25,260

49,871 24,282

510,055 24,282 (19,250) 165,205

Insurance Dividends Interest Expense

- -

-

- - -

- - -

- - -

(19,250) 60,000

-

Gain (Loss) on Sale of Asset

91,089

14,116

Total Nonoperating Revenues (Expenses) Income (Loss) before Capital Contributions and Transfers

249,125

236,850

39,098

41,690

25,260

88,269

680,292

271,182

460,568

70,134

(174,828)

92,176

141,180

860,412

Capital Grants and Contribution

- - - -

- -

5,000

- - - -

- - - -

- - - -

5,000

Capital Contributions from Outside Developers

162,455

162,455 2,084,504 (2,434,504)

Transfers In Transfers Out

2,084,504 (350,000)

-

(2,084,504)

Change in Net Position

271,182

2,195,072

(1,846,915)

(174,828)

92,176

141,180

677,867

NET POSITION Beginning of Year

42,390,747

11,685,692

19,977,100

9,448,160

(1,247,749)

934,071

1,593,473

End of Year

11,956,874 $

22,172,172 $

7,601,245 $

(1,422,577) $

1,026,247 $

1,734,653 $

43,068,614 $

131