2020 Comprehensive Annual Financial Report
CITY OF SHAKOPEE
MANAGEMENT’S DISCUSSION AND ANALYSIS December 31, 2020
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, 2020, amounts to $264,944,277 (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
2020
2019
2020
2019
2020
2019
Land ROW
$
23,259
$
23,257
$
3,796
$
3,797
$
27,055
$
27,054
890
495
508
508 671 717
1,398
1,003 5,051
Construction in Progress
8,448
4,380
4,831
13,279
Line Rights Infrastructure
-
-
693
693
717
73,694 56,086 13,592
75,799 57,440 13,642
77,627
76,232
151,321 56,086 15,112
152,031 57,440 15,284
Buildings
-
-
Machinery and Equipment
1,520
1,642
Total
$
175,969
$
175,013
$
88,975
$
83,567
$
264,944
$
258,580
Major capital assets events during the current year included the following:
l
Reconstruction of streets, sanitary sewer, storm sewer and watermains on Vista Ridge Lane, Westridge Drive, Chateau Ridge Avenue, Peace Avenue, Peace Circle, Dominion Lane, Promise Avenue, Leavitt Woods, Sarazin Street, Park Ridge Drive and Montecido Drive 12th Avenue street and trail construction and CSAH 83 and CSAH 42 Trail planning Unbridled Avenue street and storm water improvements Developer contributed assets of streets, sanitary sewer and storm sewer at Windermere South 3rd, Powers 2nd Addition, and Canterbury SW Development
l
l l
l l l
Vehicle replacements in police, streets, park, sewer and storm. Planning started on Ridge Creek Park and various other parks around the city Shenandoah Drainage Pond and work on the L-16 lift station
Additional information on the City’s capital assets can be found in Note 6 on pages 67 to 69 of this report.
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