2020 Comprehensive Annual Financial Report

CITY OF SHAKOPEE

For the Year Ended December 31, 2020 STATEMENT OF ACTIVITIES

Program Revenues

Capital Grants and Contributions

Operating Grants and Contributions

Charges for Services

Expenses

Functions/Programs

Governmental Activities General Government

$

5,366,469 13,246,236 13,862,381 4,445,956 5,927,106 1,214,033 44,086,404 24,223

2,584,666 $

$

535,189

$

110,847

Public Safety Public Works

4,036,947

3,207,418

-

978,043

677,054 354,903

2,986,974

Culture and Recreation

1,712,607

108,506

Conservation and Natural Resources

-

- - -

-

Economic Development Interest on Long-Term Debt

146,145

1,291,994

-

-

Total Governmental Activities

9,458,408

4,774,564

4,498,321

Business-Type Activities Sewer

4,496,890 1,759,785

4,056,714 1,337,694

- - - -

680,809 999,072

Storm Drainage

Refuse

122,766

139,826

-

Total Business-Type Activities

6,379,441

5,534,234

1,679,881

Total Primary Government

50,465,845 $

14,992,642 $

4,774,564 $

6,178,202 $

Component Unit - SPUC Electric

43,633,478 $

47,365,449 $

$

- - -

$

527,653

Water

5,013,864

5,735,541

2,849,061

Total Component Unit

48,647,342 $

53,100,990 $

$

3,376,714 $

General Revenues Property Taxes Lodging Tax

Franchise Taxes Tax Increments Unrestricted Investment Earnings Gain on Sale of Asset

Transfers

Total General Revenues and Transfers

Change in Net Position Net Position - Beginning

Net Position - Ending

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

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