2020 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, 2020

Information and Technology

Employee Benefits

Self Insurance

Equipment

Buildings

Park Asset

Total

OPERATING REVENUES Rental Charges

1,089,800 $

1,084,200 $

569,800 $

$

- - -

611,300 $

1,040,052 $

4,395,152 $

Other Charges

-

-

-

-

8,335

8,335

Total Operating Revenues

1,089,800

1,084,200

569,800

611,300

1,048,387

4,403,487

OPERATING EXPENSES Depreciation Professional Services Repairs and Maintenance Materials and Supplies

856,713

692,368

427,047

- - - - - -

25,441

-

2,001,569

- -

-

- - - -

-

30,036 76,866

30,036 158,834 606,652 756,360

30,332 103,272

51,636 447,465

55,915

-

Insurance

-

-

-

756,360 863,262

Total Operating Expenses

912,628

825,972

427,047

524,542

3,553,451

Operating Income (Loss)

177,172

258,228

142,753

-

86,758

185,125

850,036

NONOPERATING REVENUES (EXPENSES) Investment Income (Loss)

49,814 54,741

526,285 54,741 (17,875)

168,590

189,169

49,708

41,560

27,444

Insurance Dividends Interest Expense

- -

-

- -

- - -

- -

(17,875)

-

Gain (Loss) on Sale of Asset

24,286

-

(1,414)

(6,720)

31,191

47,343

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

192,876

171,294

48,294

41,560

20,724

135,746

610,494

370,048

429,522

191,047

41,560

107,482

320,871

1,460,530

Capital Grants and Contribution

- -

4,355

50,000

- -

106,492

- -

160,847 (300,000)

Transfers Out

(300,000)

-

-

Change in Net Position

370,048

133,877

241,047

41,560

213,974

320,871

1,321,377

NET POSITION Beginning of Year

11,956,874

22,172,172

7,601,245

(1,422,577)

1,026,247

1,734,653

43,068,614

End of Year

12,326,922 $

22,306,049 $

7,842,292 $

(1,381,017) $

1,240,221 $

2,055,524 $

44,389,991 $

135