2022 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

MANAGEMENT’S DISCUSSION AND ANALYSIS December 31, 2022

CAPITAL ASSET AND DEBT ADMINISTRATION Capital Assets

The City’s investment in capital assets for its governmental and business type activities as of December 31, 2022, amounts to $288,425,180 (net of accumulated depreciation and accumulated amortization). This investment in capital assets includes land, buildings and systems, improvement, machinery and equipment, park facilities, roads, highways and bridges and leased equipment. Capital Assets

(Net of Depreciation) Expressed in Thousands

Governmental Activities

Business-Type Activities

Total

2022

2021

2022

2021

2022

2021

Land ROW

$

24,994 1,180 5,206 84,338 53,270 14,223 -

$

24,743 1,089 6,402 80,710 54,687 14,662 -

$

3,797

$

3,797

$

28,791 1,688 12,599 175,082 53,270 16,242 643

$

28,540 1,597 11,272 165,695 54,687 16,103 668

508

508

Construction in Progress

7,393

4,870

Line Rights Infrastructure

643

668

90,744

84,985

Buildings

-

-

Machinery and Equipment

2,019

1,441

Leased Equipment

110

-

-

-

110

-

Total

$ 183,321

$ 182,293

$ 105,104

$

96,269

$ 288,425

$ 278,562

Major capital assets events during the current year included the following:

Developer contributed assets of streets, sanitary sewer and storm sewer at Windermere South 6th, Valley Crest Second, Summerland Place Second, Jefferson Court, Canterbury Crossing Second, and River bluffs. L-16 Sanitary Sewer Lift Station rehabilitation and the West End Lift Station Maras/Hanson street and utility improvements, Weston Court and Greenwood Court street improvements, 12th Avenue West street improvements, 169 pedestrian bridge, CSAH 83 trail, Gorman street reconstruction, and Riverbluffs improvements and street lighting. Quarry Lake Park bathrooms, Shakopee skate park improvement and Winderemere neighborhood park improvements and playground, prairie bend playground. Vehicle and equipment replacements in police, streets, park, sewer and storm.

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Additional information on the City’s capital assets can be found in Note 6 on pages 66 to 68 of this report.

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