2022 Annual Comprehensive Financial Report

CITY OF SHAKOPEE NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2022

NOTE 4 – DEPOSITS AND INVESTMENTS (CONTINUED) B. Investments (Continued) The Commission has the following recurring fair value measurements as of December 31, 2021: Fair Value Measurement Using Value Level 1 Level 2 Level 3 Investments at Fair Value:

Agencies

$

4,327,076 797,155 8,376,951 36,059,472 49,560,654

$

-

$

797,155 4,327,076 8,376,951

$

-

Commercial Paper Municipal Bond US Treasury Notes

-

- - -

36,059,472 36,059,472

-

Total/Subtotal

$

$

13,501,182

$

Investments at Amortized Cost: 4M

1,374,049 8,127,729 3,845,305 62,907,737

4M Plus

Money Market Fund

Total

$

Publicly traded assets are valued in accordance with market quotation or valuation methods from services believed by our broker to be reliable. Assets, which are not publicly traded, may reflect values from other external sources or special valuations prepared by our broker. Assets for which a current value is not available may be reflected as not valued, at par value, or at a nominal value of $1.00. The following is a summary of total deposits and investments as of December 31, 2022:

Deposits (Note 3.A.)

$ 16,880,993

Component Unit Investments City Petty Cash Component Unit Petty Cash Total Deposits and Investments City Investments Restricted Cash and Investments

3,055,958 62,907,737 81,462,365

3,288 1,600

$ 164,311,941

Deposits and investments are presented in the December 31, 2022 basic financial statements as follows:

Primary

Fiduciary

Component

Government

Funds

Unit

Total

Statement of Net Position: Cash and Investments

$ 140,790,350

$ 81,592,076

$

510,591

$ 58,687,683

Restricted Cash and Investments

3,055,959

23,521,591

-

20,465,632

Total

$ 164,311,941

$ 84,648,035

$

510,591

$ 79,153,315

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