2022 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

For the Year Ended December 31, 2022 STATEMENT OF ACTIVITIES

Program Revenues

Operating Grants and Contributions

Charges for Services

Functions/Programs

Expenses

Primary Government:

Governmental Activities General Government

$ 5,988,737

$ 3,991,541

$

277,725 1,042,549 806,140

Public Safety Public Works

15,638,770 14,572,386 5,943,934 5,002,819 1,272,813 48,474,624 55,165

6,983,904 1,034,275 2,478,388

Culture and Recreation

77,075

Conservation and Natural Resources

-

- - -

Economic Development Interest on Long-Term Debt

529,395

-

Total Governmental Activities

15,017,503

2,203,489

Business-Type Activities Sewer

4,339,366 1,777,363 354,854 6,471,583

4,781,238 1,403,523

672

Storm Drainage

1,052

Refuse

98,350

-

Total Business-Type Activities

6,283,111

1,724

Total Primary Government

$ 54,946,207

$ 21,300,614

$ 2,205,213

Component Unit:

Shakopee Public Utility Electric

$ 56,682,210

$ 60,124,554

$

- - -

Water

6,109,587

6,842,526

Total Component Unit

$ 62,791,797

$ 66,967,080

$

General Revenues Property Taxes Lodging Tax

Franchise Taxes Tax Increments Unrestricted Investment Earnings Gain on Sale of Asset

Transfers

Total General Revenues and Transfers

Change in Net Position Net Position - Beginning

Net Position - Ending

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

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