2020 Comprehensive Annual Financial Report

CITY OF SHAKOPEE

CHANGES IN NET POSITION Years 2011 Through 2020

2011

2012

2013

2014

2015

2016

EXPENSES: Governmental Activities: General Government

$

4,252,887 9,236,767 7,094,047 3,866,307

$

4,603,027 9,430,785 7,083,299 3,817,677

$

4,704,956 9,868,702 7,578,493 4,020,974

$

5,514,412 10,543,861 10,667,275 4,250,557 1,593,968 453,696 33,023,769 -

$

4,237,647 10,582,354 8,552,096 4,355,453 2,603,741 274,960 30,606,251 3,824,026 1,726,149 127,781 5,677,956 36,284,207 -

$

4,205,975 13,281,715 8,593,885 4,653,362 2,104,584 1,190,824 34,030,345 3,843,232 1,848,768 127,034 5,819,034 39,849,379 -

Public Safety Public Works

Culture and Recreation

Conservation and Natural Resources

-

-

-

Economic Development

244,361 619,099

152,541 587,384

338,907 573,949

Other

Total Governmental Activities Expenses

25,313,468

25,674,713

27,085,981

Business-Type Activities: Sewer

3,807,322 1,382,391

3,926,541 1,445,633

4,096,504 1,641,438

3,777,866 1,924,853

Storm Refuse

-

-

-

-

Total Business-Type Activities Expenses Total Primary Government Expenses

5,189,713 30,503,181

5,372,174 31,046,887

5,737,942 32,823,923

5,702,719 38,726,488

$

$

$

$

$

$

PROGRAM REVENUES: Governmental Activities: Charges for Services: General Government

$

343,169 1,503,188 478,788 1,071,482

$

2,966,953 1,524,158 454,145 2,222,430

$

2,647,951 1,701,875 688,286 2,012,436

$

2,751,336 1,879,209 693,647 1,827,046

$

2,486,042 2,146,840 704,687 2,140,071

$

2,410,321 2,744,824 746,086 1,760,925 256,312 2,777,982 2,187,039 -

Public Safety Public Works

Culture and Recreation

Conservation and Natural Resources

-

-

-

-

-

Economic Development

7,100

16,500

18,000

18,000

24,000

Operating Grants and Contributions Capital Grants and Contributions Total Governmental Activities Program Revenues

3,606,089 3,152,881

2,106,559 1,479,343

1,894,436 689,424

2,880,493 6,668,531

2,509,986 1,735,543

10,162,697

10,770,088

9,652,408

16,718,262

11,747,169

12,883,489

Business-Type Activities: Charges for Services: Sewer

2,941,753 1,083,878

3,728,189 1,442,394

3,004,826 1,720,653

2,916,192 1,211,793

2,829,981 1,765,679 103,637

3,292,166 1,632,218 105,309

Storm Refuse

- -

- -

- -

72,167

Operating Grants and Contributions Capital Grants and Contributions

-

-

-

93,810

348,756

7,780

496,655

65,844

183,142

Total Business-Type Activities Program Revenues Total Primary Government Program Revenues

4,119,441

5,519,339

4,733,259

4,696,807

4,765,141

5,212,835

$

14,282,138

$

16,289,427

$

14,385,667

$

21,415,069

$

16,512,310

$

18,096,324

Net (Expense) Revenue:

Governmental Activities Business-Type Activities

(15,150,771) $

(14,904,625) $

(17,433,573) $

(16,305,507) $

(18,859,082) $

(21,146,856) $

(1,070,272)

147,165

(1,004,683)

(1,005,912)

(912,815)

(606,199)

Total Primary Government Net Expense

(16,221,043) $

(14,757,460) $

(18,438,256) $

(17,311,419) $

(19,771,897) $

(21,753,055) $

GENERAL REVENUES AND OTHER CHANGES IN NET POSITION: Governmental Activities: Taxes: Property

$

14,487,805

$

15,002,764

$

15,795,777

$

16,446,631

$

16,807,367

$

18,015,507

Franchise

378,011 160,884

389,819 113,902 546,681 11,769

399,496 113,796 40,589 256,600

404,312 216,441 727,619 52,674

418,545 406,571 452,281 87,819 496,484 (634,070)

448,023 464,632 495,804 50,132

Other

Unrestricted Investment Earnings Gain on Disposal of Assets

1,032,409

- -

Special Item

-

-

-

-

Transfers

100,000

100,000

162,490

(419,208)

1,271,853 20,745,951

Total Governmental Activities

16,159,109

16,164,935

16,768,748

17,428,469

18,034,997

Business-Type Activities: Investment Earnings

758,182

423,946

53,431

538,248

349,776 17,438 (496,484) (129,270)

289,001

Gain on Disposal of Assets

-

-

-

-

1,911

Transfers

(100,000) 658,182

(100,000) 323,946

(162,490) (109,059)

419,208 957,456

(1,271,853) (980,941) 19,765,010

Total Business-Type Activities

Total Primary Government

$

16,817,291

$

16,488,881

$

16,659,689

$

18,385,925

$

17,905,727

$

Change in Net Position: Government Activities

$

1,008,338 (412,090)

$

1,260,310 471,111 1,731,421

$

(664,825) (1,113,742) (1,778,567)

$

1,122,962

$

(824,085) (1,042,085) (1,866,170)

$

(400,905) (1,587,140) (1,988,045)

Business-Type Activities

(48,456)

Total Primary Government

$

596,248

$

$

$

1,074,506

$

$

The City implemented GASB Statement No. 68 and GASB Statement No. 71 in 2015. Years prior to 2015 have not been restated.

In 2018 the City reported Conservation and Natural Resources separately from Culture and Recreation. Prior years have not been restated. In 2020 Conservation and Natural Resources was combined with Public Works.

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