2021 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

COMBINING STATEMENT OF NET POSITION - INTERNAL SERVICE FUNDS December 31, 2021

Information and Technology Self Insurance

Employee Benefits

Equipment

Buildings

Park Asset

Total

ASSETS Current Assets Cash and Investments, Including Cash Equivalents

5,686,625 $

6,652,732 $

1,461,480 $

1,649,992 $

1,146,280 $

2,324,532 $

18,921,641 $

Accounts Receivable Interest Receivable Prepaid Expenses

-

4,250 17,082

-

-

-

1,213 5,969

5,463 48,585 274,617

14,601

3,753

4,237

2,943 74,906

-

-

-

-

199,711 2,531,425

Total Current Assets

5,701,226

6,674,064

1,465,233

1,654,229

1,224,129

19,250,306

Noncurrent Assets Advances to Other Funds, Noncurrent

-

150,000

-

-

-

-

150,000

Capital Assets: Land

-

- -

221,876

- - - - - - - - -

- - - -

- - - - - - - - -

221,876 58,119 4,906,791 32,982,397 19,726,774 57,895,957 (26,976,858) 30,919,099 31,069,099

Construction in Progress

57,619

500

Infrastructure

- -

373,982

4,532,809 3,362,983 5,040,077 13,158,245 (6,290,131) 6,868,114 6,868,114

Buildings

29,619,414

Machinery and Equipment

13,625,489 13,683,108 (6,844,043) 6,839,065 6,839,065

555,972

505,236 505,236 (270,405) 234,831 234,831

Total Cost

30,549,368 (13,572,279) 16,977,089 17,127,089

Less Accumulated Depreciation

Net Capital Assets

Total Noncurrent Assets

Total Assets

12,540,291 $

23,801,153 $

8,333,347 $

1,654,229 $

1,458,960 $

2,531,425 $

50,319,405 $

LIABILITIES AND NET POSITION Current Liabilities Accounts Payable Current Compensated Absences

$

20,792

$

43,054

$

60,887

$

-

$

2,916

$

1,224

$

128,873 1,371,659 1,500,532

-

-

-

1,371,659 1,371,659

-

-

Total Current Liabilities

20,792

43,054

60,887

2,916

1,224

Noncurrent Liabilities Advance from Other Funds Compensated Absences

- - -

1,210,000

- - -

-

- - -

- - -

1,210,000 1,676,472 2,886,472 4,387,004

-

1,676,472 1,676,472 3,048,131

Total Noncurrent Liabilities

1,210,000 1,253,054

Total Liabilities

20,792

60,887

2,916

1,224

Net Position Investment in Capital Assets

234,831 1,221,213 1,456,044

-

30,919,099 15,013,302 45,932,401

6,839,065 5,680,434 12,519,499

16,977,089 5,571,010 22,548,099

6,868,114 1,404,346 8,272,460

-

Unrestricted

(1,393,902) (1,393,902)

2,530,201 2,530,201

Total Net Position

Total Liabilities and Net Position

12,540,291 $

23,801,153 $

8,333,347 $

1,654,229 $

1,458,960 $

2,531,425 $

50,319,405 $

134