2025 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

COMBINING STATEMENT OF NET POSITION - INTERNAL SERVICE FUNDS December 31, 2025

Information and Technology Self Insurance

Employee Benefits

Equipment

Buildings

Park Asset

Total

ASSETS Current Assets Cash and Investments, Including Cash Equivalents

$ 7,340,487

$ 5,052,217

$ 3,004,397

$ 2,768,724

$ 1,241,810

$ 3,687,204

$ 23,094,839

Interest Receivable

57,919

37,016 49,313

23,905

18,933

9,512

28,559

175,844 49,313 244,869

Due from Other Governments

- -

- -

- -

-

-

Prepaid Expenses

-

23,713

221,156

Total Current Assets

7,398,406

5,138,546

3,028,302

2,787,657

1,275,035

3,936,919

23,564,865

Noncurrent Assets Capital Assets: Land

-

-

221,876

- - - - - -

- -

- - - - - -

221,876

Construction in Progress

1,209,747

66,784

-

1,276,531 5,974,463 40,816,969 22,988,003

Infrastructure

- -

1,221,626 37,415,665 2,051,818

4,692,806 3,401,304 5,303,132

60,031

Buildings

-

Machinery and Equipment

15,477,327

155,726 26,656

Lease Equipment

163,832

-

-

190,488

Subscription-Based Technology Information Assets (SBITA)

-

-

-

- -

593,767 836,180

- -

593,767

Total Cost

16,850,906

40,755,893

13,619,118

72,062,097

Less Accumulated Depreciation and Amortization

(7,682,550) 9,168,356 9,168,356

(15,938,816) 24,817,077 24,817,077

(7,394,822) 6,224,296 6,224,296

- - -

(329,589)

- - -

(31,345,777) 40,716,320 40,716,320

Net Capital Assets

506,591 506,591

Total Noncurrent Assets

Total Assets

$ 16,566,762

$ 29,955,623

$ 9,252,598

$ 2,787,657

$ 1,781,626

$ 3,936,919

$ 64,281,185

LIABILITIES AND NET POSITION Current Liabilities Accounts Payable

$

- - -

$

23,632

$

- - - - - - - - - - - -

$

- -

$

9,147 3,969

$

5,306

$

38,085

Due to Other Governments Current Compensated Absences

- - - -

- - - -

3,969

1,783,995

-

1,783,995

Current Lease Liability Current SBITA Liability

25,128

- -

4,900

30,028 177,707

-

177,707 195,723

Total Current Liabilities

25,128

23,632

1,783,995

5,306

2,033,784

Noncurrent Liabilities

Advance from Other Funds Compensated Absences

- -

770,000

-

- -

- - - - -

770,000

- - -

2,180,439

2,180,439

Lease Liability SBITA Liability

26,248

- -

20,175 94,515 114,690 310,413

46,423 94,515

-

Total Noncurrent Liabilities

26,248 51,376

770,000 793,632

2,180,439 3,964,434

3,091,377 5,125,161

Total Liabilities

5,306

Net Position Net Investment in Capital Assets

9,305,948 7,209,438 16,515,386

25,391,090 3,770,901 29,161,991

6,243,407 3,009,191 9,252,598

-

209,294

-

41,149,739 18,006,285 59,156,024

Unrestricted

(1,176,777) (1,176,777)

1,261,919 1,471,213

3,931,613 3,931,613

Total Net Position

Total Liabilities and Net Position

$ 16,566,762

$ 29,955,623

$ 9,252,598

$ 2,787,657

$ 1,781,626

$ 3,936,919

$ 64,281,185

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