2025 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION - INTERNAL SERVICE FUNDS For the Year Ended December 31, 2025

Information and Technology

Employee Benefits

Self Insurance

Equipment

Buildings

Park Asset

Total

OPERATING REVENUES Rental Charges

$ 1,699,300

$ 1,428,000

$ 669,100

$

- - -

$ 655,000

$ 1,063,374

$ 5,514,774

Other Charges

-

2,605

-

-

39,702

42,307

Total Operating Revenues

1,699,300

1,430,605

669,100

655,000

1,103,076

5,557,081

OPERATING EXPENSES Depreciation

1,014,085

809,505 131,344 77,756 33,361

451,862

- - - - - -

256,210 71,896 17,820 312,629

-

2,531,662

Professional Services Repairs and Maintenance Materials and Supplies

- -

5,855

82,882

291,977 102,717 411,498 875,211

-

7,141

19,546

45,962

-

Insurance

-

-

-

-

875,211 965,234

Total Operating Expenses

1,033,631

1,051,966

503,679

658,555

4,213,065

Operating Income (Loss)

665,669

378,639

165,421

-

(3,555)

137,842

1,344,016

NONOPERATING REVENUES (EXPENSES) Investment Income (Loss)

389,036

235,609 (11,000) (133,610)

148,492

131,539

63,426

195,108

1,163,210 (25,337) (285,781)

Interest Expense

(2,967) (33,804)

-

- -

(11,370) (26,904)

-

Gain (Loss) on Sale of Asset

(90,463)

(1,000)

Total Nonoperating Revenues (Expenses)

352,265

90,999

58,029

131,539

25,152

194,108

852,092

Income (Loss) before Capital Contributions and Transfers

1,017,934

469,638

223,450

131,539

21,597

331,950

2,196,108

Capital Grants and Contribution

-

49,313 60,807 475,000

- - - -

- - - -

- - - -

- - -

49,313 147,608 475,000

Capital Contributions to Governmental Funds

86,801

Transfers In Transfers Out

- -

-

(350,000)

(350,000)

Change in Net Position

1,104,735

1,054,758

223,450

131,539

21,597

(18,050)

2,518,029

NET POSITION Beginning of Year

15,410,651

28,107,233

9,029,148

(1,308,316)

1,449,616

3,949,663 56,637,995

End of Year

$ 16,515,386

$ 29,161,991

$ 9,252,598

$ (1,176,777)

$ 1,471,213

$ 3,931,613 59,156,024 $

141