2020 Comprehensive Annual Financial Report

CITY OF SHAKOPEE

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION - PROPRIETARY FUNDS For the Year Ended December 31, 2020

Business-Type Activities - Enterprise Funds

Governmental Activities - Internal Service Funds

Sewer

Storm Drainage

Refuse

Total

OPERATING REVENUES Charges for Services

4,048,125 $

$

1,315,979

$

139,826

$

5,503,930

$

-

Rental Charges Other Charges

2,520 6,069

-

- - -

2,520 24,552 3,232

4,395,152

18,483 3,232

8,335

Special Assessments

-

-

Total Operating Revenues

4,056,714

1,337,694

139,826

5,534,234

4,403,487

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

393,245 926,868 183,392 50,466 46,342 32,200 49,000 23,014 2,829,030 4,533,557

510,590 954,700 92,267 71,058 86,407 25,416 16,900 18,494

-

903,835 1,998,999 275,659 2,829,030 121,524 132,749

-

117,431

2,001,569

- - - - - - -

30,036

-

-

158,834 606,652

Rent

57,616 65,900 41,508

-

Insurance Utilities

756,360

-

Total Operating Expenses

1,775,832

117,431

6,426,820

3,553,451

Operating Income (Loss)

(476,843)

(438,138)

22,395

(892,586)

850,036

NONOPERATING REVENUES (EXPENSES) Investment Income (Loss)

231,562

419,062

(1,123)

649,501

526,285 54,741 (17,875)

Insurance Dividends Interest Expense

- - -

- -

-

-

(5,335)

(5,335) (7,158)

Gain (Loss) on Sale of Asset

(7,158)

-

47,343

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

231,562

411,904

(6,458)

637,008

610,494

(245,281)

(26,234)

15,937

(255,578)

1,460,530

Capital Grants and Contribution

5,237 33,421 642,151

356,990

- - - - -

362,227 33,421 1,284,233 3,863,290

160,847

Capital Contributions from Special Assessments Capital Contributions from Outside Developers Captial Contributions from Governmental Funds

-

- - -

642,082 3,863,290

-

Transfers Out

(125,000)

(125,000)

(250,000)

(300,000)

Change in Net Position

310,528

4,711,128

15,937

5,037,593

1,321,377

NET POSITION Beginning of Year

48,237,118

58,775,013

19,918

107,032,049

43,068,614

End of Year

48,547,646 $

63,486,141 $

$

35,855

112,069,642 $

44,389,991 $

Adjustment to Reflect the Consolidation of Internal Service Fund Activity Related to Enterprise Funds (See Note 2d) Governmental Activites Contribution Revenue Reported Above Transfers In of Captial Assets from Governmental Activities

59,872

(3,863,290) 3,863,290

Change in Net Position - Business-Type Activities

$

5,097,465

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

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