2025 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

December 31, 2025 STATEMENT OF NET POSITION - PROPRIETARY FUNDS

Business-Type Activities - Enterprise Funds

Governmental Activities - Internal Service Funds

Sewer

Storm Drainage

Refuse

Total

ASSETS Current Assets

Cash and Investments, Including Cash Equivalents

$

7,286,765

$ 14,789,841

$

56,273

$ 22,132,879

$ 23,094,839

Accounts Receivable Interest Receivable

24,552 52,755

213,533 120,059

-

238,085 173,255

-

441

175,844

Special Assessment Receivable: Delinquent

-

130

- - - - -

130

- -

Deferred

958,979 407,656

2,525

961,504 652,483

Due from Other Governments

244,827

49,313

Inventories

336

2,414

2,750

-

Prepaid Expenses

-

-

-

244,869

Total Current Assets

8,731,043

15,373,329

56,714

24,161,086

23,564,865

Noncurrent Assets

Advances to Other Funds, Noncurrent

-

2,583,012

-

2,583,012

-

Capital Assets: Land

4,500

3,792,303

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

3,796,803

221,876

Right of Way

-

533,146 470,515

533,146 616,560

-

Construction in Progress

146,045

1,276,531

Line Rights Infrastructure

1,368,569 73,440,348

-

1,368,569

-

79,954,891

153,395,239

5,974,463 40,816,969 22,988,003

Buildings

-

-

-

Machinery and Equipment

2,256,248

1,598,669

3,854,917

Lease Equipment

- -

-

-

190,488 593,767

Subscription-Based Technology Information Assets (SBITA)

31,821

31,821

Total Cost

77,215,710 (21,506,948) 55,708,762 55,708,762

86,381,345 (21,389,915) 64,991,430 67,574,442

163,597,055 (42,896,863) 120,700,192 123,283,204

72,062,097 (31,345,777) 40,716,320 40,716,320

Less Accumulated Depreciation and Amortization

Net Capital Assets

Total Noncurrent Assets

Total Assets

64,439,805

82,947,771

56,714

147,444,290

64,281,185

Deferred Outflows of Resources

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

35,055 27,636

46,597 27,636

- -

81,652 55,272

- -

Total Deferred Outflows of Resources

62,691

74,233

-

136,924

-

Total Assets and Deferred Outflows of Resources

$ 64,502,496

$ 83,022,004

$

56,714

$ 147,581,214

$ 64,281,185

LIABILITIES AND NET POSITION Current Liabilities Accounts Payable

$

19,037 156,867 31,923

$

135,177 30,546 16,590

$

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

$

154,214 187,413 48,513

$

38,085

Due to Other Governments Current Compensated Absences

3,969

1,783,995

Current Lease Liability Current SBITA Liability Current OPEB Liability

- -

-

-

30,028 177,707

10,271

10,271

3,366

3,366

6,732

-

Total Current Liabilities

211,193

195,950

407,143

2,033,784

Noncurrent Liabilities

Advance from Other Funds Compensated Absences

-

-

-

770,000

39,018

20,277

59,295

2,180,439

Lease Liability SBITA Liability OPEB Liability

- -

-

-

46,423 94,515

10,767 59,618 185,072 275,734 471,684

10,767 119,236 324,303 513,601 920,744

59,618 139,231 237,867 449,060

- -

Net Pension Liability

Total Noncurrent Liabilities

3,091,377 5,125,161

Total Liabilities

Deferred Inflows of Resources

Deferred Inflows of Resources Related to Pensions Deferred Inflows of Resources Related to OPEB

91,031 21,427

121,002 21,427

- -

212,033 42,854

- -

Total Deferred Inflows of Resources

112,458

142,429

-

254,887

-

Net Position

Net Investment in Capital Assets

55,856,028 8,084,950 63,940,978

65,327,070 17,080,821 82,407,891

-

121,183,098 25,222,485 146,405,583

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

Unrestricted

56,714 56,714

Total Net Position

Total Liabilities, Deferred Inflows of Resources and Net Position

$ 64,502,496

$ 83,022,004

$

56,714

$ 64,281,185

Adjustment to Reflect the Consolidation of Internal Service Fund Activity Related to Enterprise Funds (See Note 2c)

892,297

Total Business-Type Activities Net Position

$ 147,297,880

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

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