2022 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

COMBINING STATEMENT OF NET POSITION - INTERNAL SERVICE FUNDS December 31, 2022

Information and Technology Self Insurance

Employee Benefits

Equipment

Buildings

Park Asset

Total

ASSETS Current Assets Cash and Investments, Including Cash Equivalents

$ 6,328,174

$ 6,986,714

$ 1,810,910

$ 1,517,233

$ 1,156,633

$ 2,759,688

$ 20,559,352

Accounts Receivable Interest Receivable Prepaid Expenses

-

-

-

-

-

858

858

26,831

29,497

7,711

6,408

4,885 61,766

11,659 211,008 2,983,213

86,991 272,774

-

-

-

-

Total Current Assets

6,355,005

7,016,211

1,818,621

1,523,641

1,223,284

20,919,975

Noncurrent Assets Advances to Other Funds, Noncurrent

-

100,000

-

-

-

-

100,000

Capital Assets: Land

-

-

221,876 263,973 4,547,657 3,362,983 5,194,644 13,591,133 (6,507,905) 7,083,228 7,083,228

- - - - - - - - -

- - - -

- - - - - - - - -

221,876 761,094 4,921,639 33,026,594 20,206,313 59,137,516 (28,776,877) 30,360,639 30,460,639

Construction in Progress

35,840

461,281 373,982

Infrastructure

- -

Buildings

29,663,611

Machinery and Equipment

13,906,566 13,942,406 (7,684,350) 6,258,056 6,258,056

599,867

505,236 505,236 (299,450) 205,786 205,786

Total Cost

31,098,741 (14,285,172) 16,813,569 16,913,569

Less Accumulated Depreciation

Net Capital Assets

Total Noncurrent Assets

Total Assets

$ 12,613,061

$ 23,929,780

$ 8,901,849

$ 1,523,641

$ 1,429,070

$ 2,983,213

$ 51,380,614

LIABILITIES AND NET POSITION Current Liabilities Accounts Payable Current Compensated Absences

$

61,378

$ 139,506

$

12,990

$

-

$

6,042

$

9,464

$ 229,380

-

-

-

1,341,917 1,341,917

-

-

1,341,917 1,571,297

Total Current Liabilities

61,378

139,506

12,990

6,042

9,464

Noncurrent Liabilities Advance from Other Funds Compensated Absences

- - -

1,100,000

- - -

-

- - -

- - -

1,100,000 1,640,120 2,740,120 4,311,417

-

1,640,120 1,640,120 2,982,037

Total Noncurrent Liabilities

1,100,000 1,239,506

Total Liabilities

61,378

12,990

6,042

9,464

Net Position Investment in Capital Assets

205,786 1,217,242 1,423,028

-

30,360,639 16,708,558 47,069,197

6,258,056 6,293,627 12,551,683

16,813,569 5,876,705 22,690,274

7,083,228 1,805,631 8,888,859

-

Unrestricted

(1,458,396) (1,458,396)

2,973,749 2,973,749

Total Net Position

Total Liabilities and Net Position

$ 12,613,061

$ 23,929,780

$ 8,901,849

$ 1,523,641

$ 1,429,070

$ 2,983,213

$ 51,380,614

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