2020 Comprehensive Annual Financial Report

December 31, 2020 STATEMENT OF NET POSITION - PROPRIETARY FUNDS CITY OF SHAKOPEE

Business-Type Activities - Enterprise Funds

Governmental Activities - Internal Service Funds

Sewer

Storm Drainage

Refuse

Total

ASSETS Current Assets Cash and Investments, Including Cash Equivalents

$

7,673,095

$

11,886,574

$

-

$

19,559,669

$

17,832,187

Accounts Receivable Interest Receivable

-

4,293 26,500

34,914

39,207 43,556

1,067 39,638

17,147

(91)

Special Assessment Receivable: Delinquent

-

212

- - - - - -

212

- - - - -

Deferred

141,712 40,917 483,998

3,230

144,942 40,917 842,818

Due from Other Funds

-

Due from Other Governments

358,820

Inventories

149

3,367

3,516

Prepaid Expenses

-

-

-

266,578

Total Current Assets

8,357,018

12,282,996

34,823

20,674,837

18,139,470

Noncurrent Assets

Advances to Other Funds, Noncurrent

426,814

3,428,954

-

3,855,768

200,000

Capital Assets: Land

4,500

3,792,303 507,746 4,520,042

- - - - - -

3,796,803 507,746 4,830,525 1,368,569

221,876

Right of Way

-

-

Construction in Progress

310,483 1,368,569 53,576,160 2,224,942 57,484,654 (17,166,873) 40,317,781 40,744,595 -

465,916

Line Rights Infrastructure

-

-

54,639,912

108,216,072

3,841,044 32,954,222 18,205,608 55,688,666 (25,331,580) 30,357,086 30,557,086

Buildings

-

-

Machinery and Equipment

1,194,446 64,654,449 (16,465,819) 48,188,630 51,617,584

1,172,068 1,172,068 (703,305)

4,591,456 123,311,171 (34,335,997) 88,975,174 92,830,942

Total Cost

Less Accumulated Depreciation

Net Capital Assets

468,763 468,763

Total Noncurrent Assets

Total Assets

49,101,613

63,900,580

503,586

113,505,779

48,696,556

Deferred Outflows of Resources Deferred Outflows of Resources Related to Pensions Deferred Outflows of Resources Related to OPEB

27,792 11,228

37,553 11,228

- -

65,345 22,456

- -

39,020

48,781

-

87,801

-

Total Deferred Outflows of Resources

Total Assets and Deferred Outflows of Resources

$

49,140,633

$

63,949,361

$

503,586

113,593,580 $

$

48,696,556

LIABILITIES AND NET POSITION Current Liabilities Accounts Payable

$

139,011

$

29,952

$

-

$

168,963 40,917 160,647 24,282 394,809 426,814 29,678 120,438 527,931

$

69,154

Due to Other Funds

-

-

40,917

- -

Due to Other Governments Current Compensated Absences

132,395 11,848 283,254

28,252 12,434 70,638

- -

1,312,835 1,381,989

Total Current Liabilities

40,917

Noncurrent Liabilities

Advance from Other Funds Compensated Absences Total OPEB Liability Net Pension Liability

-

-

426,814

1,320,000 1,604,576

14,481 60,219 224,533 299,233 582,487

15,197 60,219 303,398 378,814 449,452

- - -

- -

Total Noncurrent Liabilities

426,814 467,731

1,104,861 1,499,670

2,924,576 4,306,565

Total Liabilities

Deferred Inflows of Resources Deferred Inflows of Resources Related to Pensions Deferred Inflows of Resources Related to OPEB

9,305 1,195

12,573 1,195

- -

21,878 2,390

- -

10,500

13,768

-

24,268

-

Total Deferred Inflows of Resources

Net Position

Investment in Capital Assets

40,317,781 8,229,865 48,547,646

48,188,630 15,297,511 63,486,141

468,763 (432,908)

88,975,174 23,094,468 112,069,642

30,357,086 14,032,905 44,389,991

Unrestricted

35,855

Total Net Position

Total Liabilities, Deferred Inflows of Resources and Net Position

$

49,140,633

$

63,949,361

$

503,586

$

48,696,556

Adjustment to Reflect the Consolidation of Internal Service Fund Activity Related to Enterprise Funds (See Note 2c)

534,865

Total Business-Type Activities Net Position

112,604,507 $

The Notes to the Financial Statements are an integral part of this statement.

38