2020 Comprehensive Annual Financial Report

CITY OF SHAKOPEE

COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2020

TABLE OF CONTENTS (CONTINUED)

SECTION II (Continued)

FINANCIAL SECTION

Required Supplementary Information:

Fire Relief Association............................................................................................ Schedule of Changes in the Net Pension Liability and Related Ratios – Schedule of City Contributions and Non Employer Contributing Entities– Fire Relief Association............................................................................................ Schedule of Changes in the City’s OPEB Liability and Related Ratios..................... Notes to Required Supplementary Information.......................................................... Schedule of City Contributions General Employees Retirement Fund ...................... Schedule of City Contributions Public Employees Police and Fire Retirement Fund Schedule of Component Unit Contributions General Employees Retirement Fund .. General Employees Retirement Fund...................................................................... Employees Police and Fire Retirement Fund........................................................... Schedule of Component Units' Proportionate Share of Net Pension Liability Schedule of City's Proportionate Share of Net Pension Liability Public Employees Retirement Fund.................................................................................... Schedule of City's Proportionate Share of Net Pension Liability General

104

105

107 108 109 106

110

112 113 114

Supplementary Information: Schedule of Revenues, Expenditures and Changes in Fund Balance –

Budget and Actual – General Fund..........................................................................

120

Combining and Individual Fund Financial Statements and Schedules:

Combining Statement of Net Position – Internal Service Funds........................... Combining Statement of Revenues, Expenses and Changes in Net Position – Internal Service Funds....................................................................... Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds....................................................... Combining Statement of Cash Flows – Internal Service Funds............................ Combining Balance Sheet – Nonmajor Governmental Funds...............................

122

134 128

136 135