2019 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE

MANAGEMENT’S DISCUSSION AND ANALYSIS December 31, 2019

CAPITAL ASSET AND DEBT ADMINISTRATION Capital Assets

The City’s investment in capital assets for its governmental and business type activities as of December 31, 2019, amounts to $258,580,908 (net of accumulated depreciation). This investment in capital assets includes land, buildings and systems, improvement, machinery and equipment, park facilities, roads, highways and bridges. Capital Assets

(Net of Depreciation) Expressed in Thousands

Governmental Activities

Business-Type Activities

Total

2019

2018

2019

2018

2019

2018

Land ROW

$

23,257

$

21,898

$

3,797

$

3,797

$

27,054 1,003 5,051 152,031 57,440 15,284 717

$

25,695

495

254

508 671 717

508 140 742

762

Construction in Progress

4,380

2,015

2,155

Line Rights Infrastructure

-

-

742

75,799 57,440 13,642

74,127 58,942 14,858

76,232

71,984

146,111 58,942 16,329

Buildings

-

-

Machinery and Equipment

1,642

1,471

Total

175,013 $

172,094 $

$

83,567

$

78,642

258,580 $

250,736 $

Major capital assets events during the current year included the following:

Reconstruction of streets, sanitary sewer, storm sewer and watermains on Shakopee Avenue, Dakota Street, Minnesota Street and Wood Duck Trail. 12th Avenue street and trail construction. Developer contributed assets of streets, sanitary sewer and storm sewer at Windermere South 2nd, Shenandoah Drive and Ridge Creek Third Addition Lion’s Park bathroom remodel and splash pad.

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Vehicle replacements in police, fire, streets and parks. Planning started on Ridge Creek Park

Additional information on the City’s capital assets can be found in Note 6 on pages 66 to 68 of this report.

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