2019 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2019

NOTE 6 – CAPITAL ASSETS (CONTINUED) Depreciation expense was charged to functions/programs of the City as follows: Business-Type Activities: Sanitary Sewer 874,611 $ Storm Drainage

885,285 117,111

Refuse

1,877,007

Total Depreciation Expense- Governmental Activities

Component unit capital asset activity for the year ended December 31, 2019 was as follows:

Beginning Balance

Ending Balance

Increases

Decreases

Construction in Progress Total Capital Assets not being Depreciated Component Unit Capital Assets not being Depreciated: Land and Land Rights

5,097,532 $

$

5,788,515 469,421

$

-

5,566,953 $

1,392,864

5,247,765

1,933,614

6,490,396

6,257,936

5,247,765

7,500,567

Capital Assets being Depreciated: Distribution

116,816,154 15,731,506

8,471,575 571,110

162,043 300,774

125,125,686 16,001,842

General

Total Capital Assets being Depreciated

132,547,660

9,042,685

462,817

141,127,528

Less Accumulated Depreciation

46,019,480

3,910,363

412,022

49,517,821

Total Capital Assets being Depreciated, Net

86,528,180

5,132,322

50,795

91,609,707

Governmental Activities Capital Assets, Net

93,018,576 $

11,390,258 $

5,298,560 $

99,110,274 $

Depreciation expense was charged to functions/programs of the City as follows: Component Units: Electric 2,326,070 $

Water

1,584,293

3,910,363

Total Depreciation Expense- Governmental Activities

68