2022 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION - INTERNAL SERVICE FUNDS For the Year Ended December 31, 2022

Information and Technology

Employee Benefits

Self Insurance

Equipment

Buildings

Park Asset

Total

OPERATING REVENUES Rental Charges

$ 1,328,800

$ 1,202,200

$ 606,000

$

- -

$ 612,000

$ 1,280,770 1,280,770

$ 5,029,770

Total Operating Revenues

1,328,800

1,202,200

606,000

612,000

5,029,770

OPERATING EXPENSES Depreciation Professional Services Repairs and Maintenance Materials and Supplies

999,606

712,893

420,262

- - - - - -

29,045 2,949 58,602 503,921

-

2,161,806

- -

788

- - - -

40,395 10,355

44,132 77,457 600,839 753,282

8,500 28,703

68,215

-

Insurance

-

-

-

753,282 804,032

Total Operating Expenses

1,067,821

750,884

420,262

594,517

3,637,516

Operating Income (Loss)

260,979

451,316

185,738

-

17,483

476,738

1,392,254

NONOPERATING REVENUES (EXPENSES) Investment Income (Loss)

(279,171)

(301,751)

(80,202)

(64,494)

(50,499)

(125,515)

(901,632) 92,325 (15,125) (9,665)

92,325

Insurance Dividends Interest Expense

- -

-

- -

- - -

- - -

(15,125)

- -

Gain (Loss) on Sale of Asset

21,728

-

(31,393)

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

(257,443)

(316,876)

(111,595)

(64,494)

(50,499)

(33,190)

(834,097)

3,536

134,440

74,143

(64,494)

(33,016)

443,548

558,157

Capital Grants and Contribution

9,642 19,006

- -

300,000 242,256

- - -

- - -

- - -

309,642 261,262

Capital Contributions from Outside Developers Captial Contributions from Governmental Funds

-

7,735

-

7,735

Change in Net Position

32,184

142,175

616,399

(64,494)

(33,016)

443,548

1,136,796

NET POSITION Beginning of Year

12,519,499

22,548,099

8,272,460

(1,393,902)

1,456,044

2,530,201

45,932,401

End of Year

$ 12,551,683

$ 22,690,274

$ 8,888,859

$ (1,458,396)

$ 1,423,028

$ 2,973,749

$ 47,069,197

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