2020 Comprehensive Annual Financial Report

CITY OF SHAKOPEE

BALANCE SHEET - GOVERNMENTAL FUNDS December 31, 2020

Capital Projects

TIF District No. 18 Canterbury Common

TIF District No. 20 Enclave

Other Governmental Funds

Total Governmental Funds

Capital Improvement

General Fund

ASSETS

Cash and Investments

18,444,828 $

$

2,809,258

$

-

$

2

9,804,898 $

31,058,986 $

Restricted Cash and Investments Delinquent Taxes Receivable Special Assessments Receivable:

-

- -

4,341,650

- - - - - - - - - - - -

427,641

4,769,291 115,180

115,179

-

1

-

Delinquent Deferred

4,059 26,398 158,023 38,148

28,182

- - -

912

33,153

2,522,024 176,786

616,990 18,775 21,017

3,165,412 353,584 1,224,279 212,311 2,780,512 64,409

Accounts Receivable Interest Receivable Due from Other Funds

5,187

57

-

1,224,279

-

-

Due From Other Governments Advance to Other Funds

114,984 1,527,668 29,682 108,547

89,682

6,722

923

1,252,844

- - -

- -

Inventories Prepaid Items

- - -

29,682 108,667 529,873

120

Land Held for Resale

-

273,246

256,627

Total Assets

20,567,516 $

$

8,108,242

4,621,675 $

$

2

11,147,904 $

44,445,339 $

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities Accounts Payable

$

303,402

$

194,735

1,256,442 $

$

- - - - -

$

137,983

1,892,562 $

Due to Other Funds Deposits Payable

-

- - - - - -

1,224,279

- - - -

1,224,279 2,937,338 206,933 657,065 5,089,466 183,257 12,190,900

2,937,338 206,933 657,065 183,257 4,287,995 -

- - -

Due to Other Governments Salaries and Benefits Payable Advance from Other Funds

200,015

2,423,780

2,465,671

Unearned Revenue

-

-

-

Total Liabilities

194,735

2,680,736

2,423,780

2,603,654

Deferred Inflows of Resources Unavailable Revenue - Property Taxes Unavailable Revenue - Special Assessments

115,179 30,457 145,636

-

- - -

- - -

1

115,180 3,198,565 3,313,745

2,550,206 2,550,206

617,902 617,903

Total Deferred Inflows of Resources

Fund Balances

- - -

-

- - - -

120

138,349

Nonspendable

138,229

Restricted Committed Assigned Unassigned

-

1,940,939

9,300,802

11,241,741 1,104,000 6,230,507 10,226,097 28,940,694

1,104,000

- - -

-

-

5,363,301

867,206

14,891,656 16,133,885

-

(2,423,778) (2,423,778)

(2,241,781) 7,926,347

Total Fund Balances

5,363,301

1,940,939

Total Liabilities, Deferred Inflows of Resources and Fund Balances

20,567,516 $

$

8,108,242

4,621,675 $

$

2

11,147,904 $

44,445,339 $

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

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