2025 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

December 31, 2025 BALANCE SHEET - GOVERNMENTAL FUNDS

Special Revenue

Capital Projects

TIF District No. 18 Canterbury Commons

Economic Development Authority

Other Governmental Funds

Total Governmental Funds

Capital Improvement

General Fund

ASSETS

Cash and Investments

$ 31,670,048

$

304,306

$ 3,534,444

$

- -

$ 10,226,729

$ 45,735,527

Delinquent Taxes Receivable Special Assessments Receivable: Delinquent

170,446

3,236

-

-

173,682

663

- - -

2,330

- -

22,674 573,261 36,091 53,016

25,667

Deferred

24,888 422,583 215,592 348,850

601,319 486,690 37,263

1,199,468 1,266,296

Accounts Receivable Interest Receivable

320,932

24,459

- - - - - - -

330,330

Lease Receivable

1,222,990

-

- -

1,571,840

Due from Other Funds

-

109,921 18,625

391,517

501,438

Due from Other Governments

332,891

4,654,214 4,056,806

869

151,319

5,157,918 9,669,582

Advance to Other Funds

1,873,715

3,739,061

- -

Inventories

36,203 245,192

-

- - -

36,203 250,591 186,502

Prepaid Items

4,252

1,147

Land Held for Resale

-

186,502

-

Total Assets

$ 35,341,071

$ 5,613,352

$ 13,764,583

$

321,801

$ 11,064,237

$ 66,105,044

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities Accounts Payable

$

327,983

$

71,374

$

653,125

$

286,636 391,517

$

473,531 109,921

$ 1,812,649

Due to Other Funds Deposits Payable

-

-

- -

501,438

6,796,854

33,163

- - -

-

6,830,017

Due to Other Governments Salaries and Benefits Payable Advance from Other Funds

517,214

7,608

2,839

177

527,838

1,226,762

- -

- - -

-

1,226,762 11,482,594

-

7,795,867

3,686,727

Unearned Revenue

205,914

35,233 147,378

-

-

241,147

Total Liabilities

9,074,727

655,964

8,474,020

4,270,356

22,622,445

Deferred Inflows of Resources

Unavailable Revenue - Property Taxes Unavailable Revenue - Special Assessments Deferred Inflow of Resources Related to Leases Unavailable Revenue- Intergovernmental

170,446 25,551 296,839

3,236

-

- - - - -

-

173,682

-

603,649

595,935

1,225,135 1,437,865 2,181,223 5,017,905

1,141,026

-

- -

-

-

2,181,223 2,784,872

Total Deferred Inflows of Resources

492,836

1,144,262

595,935

Fund Balances

Nonspendable

333,406

4,252

-

- - - -

1,147

338,805

Restricted Committed

-

4,317,460

564,435

8,650,332

13,532,227 1,824,000 11,654,746 11,114,916 38,464,694

1,824,000

- - -

-

-

Assigned

550,000

9,759,312

1,345,434 (3,798,967) 6,197,946

Unassigned

23,066,102 25,773,508

-

(8,152,219) (8,152,219)

Total Fund Balances

4,321,712

10,323,747

Total Liabilities, Deferred Inflows of Resources and Fund Balances

$ 35,341,071

$ 5,613,352

$ 13,764,583

$

321,801

$ 11,064,237

$ 66,105,044

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

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