2020 Comprehensive Annual Financial Report

CITY OF SHAKOPEE

COMBINING STATEMENT OF NET POSITION - INTERNAL SERVICE FUNDS December 31, 2020

Information and Technology Self Insurance

Employee Benefits

Equipment

Buildings

Park Asset

Total

ASSETS Current Assets Cash and Investments, Including Cash Equivalents

5,713,125 $

6,164,352 $

1,648,837 $

1,532,986 $

$

924,572 1,067 2,055 63,478 991,172

1,848,315 $

17,832,187 $

Accounts Receivable Interest Receivable Prepaid Expenses

-

-

-

-

-

1,067 39,638 266,578

12,699

13,702

3,665

3,408

4,109

-

-

-

-

203,100 2,055,524

Total Current Assets

5,725,824

6,178,054

1,652,502

1,536,394

18,139,470

Noncurrent Assets Advances to Other Funds, Noncurrent

-

200,000

-

-

-

-

200,000

Capital Assets: Land

-

- -

221,876 202,460 3,620,118 3,362,983 4,670,426 12,077,863 (5,888,038) 6,189,825 6,189,825

- - - - - - - - -

- - - -

- - - - - - - - -

221,876 465,916 3,841,044 32,954,222 18,205,608 55,688,666 (25,331,580) 30,357,086 30,557,086

Construction in Progress

263,456

Infrastructure

- -

220,926

Buildings

29,591,239

Machinery and Equipment

12,715,785 12,979,241 (6,323,851) 6,655,390 6,655,390

314,161

505,236 505,236 (241,360) 263,876 263,876

Total Cost

30,126,326 (12,878,331) 17,247,995 17,447,995

Less Accumulated Depreciation

Net Capital Assets

Total Noncurrent Assets

Total Assets

12,381,214 $

23,626,049 $

7,842,327 $

1,536,394 $

1,255,048 $

2,055,524 $

48,696,556 $

LIABILITIES AND NET POSITION Current Liabilities Accounts Payable Current Compensated Absences

$

54,292

$

- - -

$

35

$

-

$

14,827

$

- - -

$

69,154

-

-

1,312,835 1,312,835

-

1,312,835 1,381,989

Total Current Liabilities

54,292

35

14,827

Noncurrent Liabilities Advance from Other Funds Compensated Absences

- - -

1,320,000

- - -

-

- - -

- - - -

1,320,000 1,604,576 2,924,576 4,306,565

-

1,604,576 1,604,576 2,917,411

Total Noncurrent Liabilities

1,320,000 1,320,000

Total Liabilities

54,292

35

14,827

Net Position Investment in Capital Assets

263,876 976,345 1,240,221

-

30,357,086 14,032,905 44,389,991

6,655,390 5,671,532 12,326,922

17,247,995 5,058,054 22,306,049

6,189,825 1,652,467 7,842,292

-

Unrestricted

(1,381,017) (1,381,017)

2,055,524 2,055,524

Total Net Position

Total Liabilities and Net Position

12,381,214 $

23,626,049 $

7,842,327 $

1,536,394 $

1,255,048 $

2,055,524 $

48,696,556 $

134