2019 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE

BALANCE SHEET - GOVERNMENTAL FUNDS December 31, 2019

Special Revenue

Capital Projects

Economic Development Authority

TIF District No. 17 Amazon

TIF District No. 19 Riverfront

Other Governmental Funds

Total Governmental Funds

Capital Improvement

General Fund

ASSETS

Cash and Investments Cash with a Fiscal Agent Delinquent Taxes Receivable Special Assessments Receivable:

17,550,086 $

$

203,041

$

3,838,086

$

16,240

$

68

7,962,958 $

29,570,479 $

-

-

- -

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

- - - - - - - - - -

1,008,255

1,008,255

90,926

2

- - -

90,928

Delinquent Deferred

3,045 30,780 345,033 45,373

- - -

28,079

31,124

2,555,969 152,187

798,606 29,609 22,161

3,385,355 526,829

Accounts Receivable Interest Receivable Due from Other Funds

(1,013)

16,255 28,350 245,524

26

82,802 28,350 348,185

-

-

- - - -

Due From Other Governments Advance to Other Funds

101,937 1,805,412 29,944 125,172

724

3,429,398 29,944 126,573 1,854,213

- - -

1,623,986

Inventories Prepaid Items

- - -

1,401

Land Held for Resale

-

768,807

1,085,406

-

Total Assets

20,127,708 $

$

971,561

$

8,488,436

$

16,240

1,085,500 $

9,822,990 $

40,512,435 $

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

$

441,286

$

12,068 23,194

$

62,309 70,856

$

- - - - - -

$

- - - - - -

$

245,449 232,165 28,350

$

761,112 326,215 28,350

Contracts Payable Due to Other Funds Deposits Payable

- -

- - - -

- - - - - -

2,696,508 276,449 512,085 197,286 4,123,614 -

-

2,696,508 291,903 512,085 4,620,792 197,286 9,434,251

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

15,454

-

1,191,394

1,442,985

1,514,406

472,007

Unearned Revenue

-

-

-

-

Total Liabilities

1,226,656

133,165

1,442,985

1,514,406

993,425

Deferred Inflows of Resources

Unavailable Revenue - Property Taxes Unavailable Revenue - Special Assessments Total Deferred Inflows of Resources

90,926 33,825 124,751

2

-

- - -

- - -

-

90,928

-

2,584,048 2,584,048

798,606 798,606

3,416,479 3,507,407

2

Fund Balances

Nonspendable

155,116

- - - -

- - -

- - - -

- - - -

1,401

156,517 7,240,564 1,588,000 6,601,140 11,984,556 27,570,777

Restricted Committed Assigned Unassigned

-

7,240,564

1,588,000

-

-

5,771,223

829,917 (40,923)

14,136,227 15,879,343

(255,097) (255,097)

-

(1,426,745) (1,426,745)

(428,906) (428,906)

Total Fund Balances

5,771,223

8,030,959

Total Liabilities, Deferred Inflows of Resources and Fund Balances

20,127,708 $

$

971,561

$

8,488,436

$

16,240

1,085,500 $

9,822,990 $

40,512,435 $

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

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