2025 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

STATEMENT OF NET POSITION December 31, 2025

Primary Government

Component Unit Shakopee Public Utility

Governmental Activities

Business-Type Activities

Total

ASSETS AND DEFERRED OUTFLOWS OF RESOURCES Assets Cash and Investments (Including Cash Equivalents)

$

67,938,069

$

23,025,176

$

90,963,245

$

74,124,817 21,839,848

Restricted Cash and Investments

-

- -

-

Property Tax Receivable

173,682

173,682

-

Accounts Receivable (Net of Allowance for Uncollectible Accounts)

1,266,296

238,085 173,255 652,483 961,634

1,504,381

5,666,468

Interest Receivable

506,174

679,429

513,654 204,502

Due From Other Governments Special Assessments Receivable

5,207,231 1,225,135 1,571,840

5,859,714 2,186,769 1,571,840

-

Lease Receivable

-

3,518,360 4,097,201

Inventories

36,203 495,460 186,502

2,750

38,953 495,460 186,502

Prepaid Expenses Land Held for Resale

- -

209,785

- -

Advances from Other Funds (Internal Balances) Capital Assets, Net of Accumulated Depreciation and Amortization (Where Applicable): Land and Land Improvements

(2,583,012)

2,583,012

-

27,927,387 1,332,928 11,356,150 99,815,911 60,577,451 20,072,854 -

3,796,803

31,724,190 1,866,074 11,972,710 213,321,172 60,577,451 21,723,718 569,273

9,148,582

Right of Way

533,146 616,560 569,273

-

Construction in Progress

4,718,060

Line Rights Infrastructure

-

113,505,261

116,338,887

Buildings

-

-

Machinery and Equipment

1,650,864

27,340,238 1,303,365

Subscription-Based Information Technology Asset Lease Equipment (Intangible Right to Use Asset)

417,186 588,925

28,285

445,471 588,925

-

-

298,112,372

148,336,587

446,448,959

269,023,767

Total Assets

Deferred Outflows of Resources

Deferred Outflows of Resources Related to Pensions Deferred Outflows of Resources Related to OPEB

10,444,291 1,373,884

81,652 55,272

10,525,943 1,429,156

563,064

-

11,818,175

136,924

11,955,099

563,064

Total Deferred Outflows of Resources

$

309,930,547

$

148,473,511

$

458,404,058

$

269,586,831

Total Assets and Deferred Outflows of Resources

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

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