2022 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

STATEMENT OF NET POSITION December 31, 2022

Primary Government

Component Unit Shakopee Public Utility

Governmental Activities

Business-Type Activities

Total

ASSETS AND DEFERRED OUTFLOWS OF RESOURCES Assets Cash and Investments (Including Cash Equivalents)

$ 64,018,750

$ 17,573,326

$ 81,592,076

$

58,687,683 20,465,632

Restricted Cash and Investments

3,055,959 132,536 950,993 268,299 4,074,772 1,833,360 2,163,066 32,531 464,478 4,064,015 (3,290,983) 2,420,413

- -

3,055,959 132,536 952,369 335,697 4,629,463 1,916,926 2,163,066 35,483 464,478 4,064,015

Property Tax Receivable

-

Accounts Receivable (Net of Allowance for Uncollectible Accounts)

1,376 67,398 554,691 83,566

8,206,781 121,067 703,157 1,770,194 1,881,332 190,289 -

Interest Receivable

Due From Other Governments Special Assessments Receivable

Lease Receivable

-

Inventories

2,952

Prepaid Expenses Land Held for Resale

- -

- - -

Advances from Other Funds (Internal Balances)

3,290,983

-

Net Pension Asset

-

2,420,413

Capital Assets, Net of Accumulated Depreciation (Where Applicable): Land and Land Improvements

24,993,664 1,180,011 5,206,035

3,796,803 507,746 7,393,017 643,541 90,743,712

28,790,467 1,687,757 12,599,052

6,329,702

Right of Way

-

Construction in Progress

7,804,134

Line Rights Infrastructure Plant in Service

-

643,541

- - - -

84,338,214

175,081,926

-

- -

-

101,180,560

Buildings

53,269,567 14,223,483

53,269,567 16,242,658

Machinery and Equipment

2,019,175

Leased Assets, Net of Accumulated Amortization: Equipment

110,212

-

110,212

-

263,509,375

126,678,286

390,187,661

207,340,531

Total Assets

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

19,346,936

240,073 21,292

19,587,009

1,741,466

480,612

501,904

-

19,827,548

261,365

20,088,913

1,741,466

Total Deferred Outflows of Resources

$ 283,336,923

$ 126,939,651

$ 410,276,574

$ 209,081,997

Total Assets and Deferred Outflows of Resources

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

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