2019 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION - PROPRIETARY FUNDS For the Year Ended December 31, 2019

Business-Type Activities - Enterprise Funds

Governmental Activities - Internal Service Funds

Sewer

Storm Drainage

Refuse

Total

OPERATING REVENUES Charges for Services

4,213,314 $

$

1,282,912

$

137,824

$

5,634,050

$

-

Rental Charges Other Charges

2,520 6,402

-

- - -

2,520 25,652 2,576

3,761,773

19,250 2,576

9,477

Special Assessments

-

-

Total Operating Revenues

4,222,236

1,304,738

137,824

5,664,798

3,771,250

OPERATING EXPENSES Salaries and Benefits Professional Services Sewer Disposal Charges Repairs and Maintenance Materials and Supplies Depreciation

336,540 874,611 230,571 40,666 53,653 26,600 50,600 24,480 2,578,751 4,216,472

588,144 885,285 138,630 92,027 41,211 26,600 15,400 19,610

-

924,684 1,877,007 369,201 2,578,751 132,693

216,518 2,020,442

117,111

- - - - - - -

57,478

-

-

131,492 417,968

94,864 53,200 66,000 44,090

Rent

-

Insurance Utilities

747,232

-

Total Operating Expenses

1,806,907

117,111

6,140,490

3,591,130

Operating Income (Loss)

5,764

(502,169)

20,713

(475,692)

180,120

NONOPERATING REVENUES (EXPENSES) Investment Income (Loss)

311,202

503,943

(2,941)

812,204

510,055 24,282 (19,250) 165,205

Insurance Dividends Interest Expense

- -

- -

-

-

(6,402)

(6,402) 82,498

Gain (Loss) on Sale of Asset

18,000

64,498

-

Total Nonoperating Revenues (Expenses) Income before Capital Contributions and Transfers

329,202

568,441

(9,343)

888,300

680,292

334,966

66,272

11,370

412,608

860,412

Capital Grants and Contribution

-

168,203

- - - - - -

168,203 53,622 4,992,058 467,465

5,000

Capital Contributions from Special Assessments Capital Contributions from Outside Developers Captial Contributions from Governmental Funds

53,622

-

-

1,650,459

3,341,599 463,633

162,455

3,832

-

Transfers In Transfers Out

-

-

-

2,084,504 (2,434,504)

(125,000)

(125,000)

(250,000)

Change in Net Position

1,917,879

3,914,707

11,370

5,843,956

677,867

NET POSITION Beginning of Year

46,319,239

54,860,306

8,548

101,188,093

42,390,747

End of Year

48,237,118 $

58,775,013 $

$

19,918

107,032,049 $

43,068,614 $

Adjustment to Reflect the Consolidation of Internal Service Fund Activity Related to Enterprise Funds (See Note 2d) Governmental Activites Contribution Revenue Reported Above Transfers In of Captial Assets from Governmental Activities

21,529

(467,465) 467,465

Change in Net Position - Business-Type Activities

$

5,865,485

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

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