2022 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2022

TABLE OF CONTENTS (CONTINUED)

SECTION II (Continued)

FINANCIAL SECTION

Required Supplementary Information:

Combining Balance Sheet – Nonmajor Governmental Funds................................ Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds........................................................... Combining Statement of Net Position – Internal Service Funds............................. Combining Statement of Revenues, Expenses and Changes in Net Position – Internal Service Funds........................................................................... Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Economic Development Authority........................................... Combining Statement of Cash Flows – Internal Service Funds.............................. Budget and Actual – General Fund............................................................................. Combining and Individual Fund Financial Statements and Schedules: Fire Relief Association................................................................................................. Schedule of Changes in the Net Pension Liability and Related Ratios – Schedule of City Contributions and Non Employer Contributing Entities– Fire Relief Association................................................................................................. Schedule of Changes in the City’s OPEB Liability and Related Ratios...................... Notes to Required Supplementary Information............................................................ Schedule of City Contributions General Employees Retirement Fund ...................... Schedule of City Contributions Public Employees Police and Fire Retirement Fund Schedule of Component Unit Contributions General Employees Retirement Fund .. General Employees Retirement Fund.......................................................................... Employees Police and Fire Retirement Fund.............................................................. Schedule of Component Units' Proportionate Share of Net Pension Liability Schedule of City's Proportionate Share of Net Pension Liability Public Employees Retirement Fund....................................................................................... Schedule of City's Proportionate Share of Net Pension Liability General Supplementary Information: Schedule of Revenues, Expenditures and Changes in Fund Balance –

102

103

105 106 107 104

108

110 111 112

118

121

122

128 135 137 136