2021 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION - INTERNAL SERVICE FUNDS For the Year Ended December 31, 2021

Information and Technology

Employee Benefits

Self Insurance

Equipment

Buildings

Park Asset

Total

OPERATING REVENUES Rental Charges

1,152,400 $

1,086,500 $

593,000 $

$

- - -

612,000 $

1,109,986 $

4,553,886 $

Other Charges

3,793

-

-

3,209

562

7,564

Total Operating Revenues

1,156,193

1,086,500

593,000

615,209

1,110,548

4,561,450

OPERATING EXPENSES Depreciation Professional Services Repairs and Maintenance Materials and Supplies

914,132

693,948 7,645 46,666 31,182

432,861

- - - - - -

29,045

-

2,069,986

- -

- - - -

17

11,287 3,034

18,949 95,016 402,442 748,249

45,316 318,199

53,061

-

Insurance

-

-

-

748,249 762,570

Total Operating Expenses

967,193

779,441

432,861

392,577

3,334,642

Operating Income (Loss)

189,000

307,059

160,139

-

222,632

347,978

1,226,808

NONOPERATING REVENUES (EXPENSES) Investment Income (Loss)

(15,820) 142,519

(147,337) 142,519 (16,500)

(48,355)

(48,509)

(14,959)

(12,885)

(6,809)

Insurance Dividends Interest Expense

- -

-

- - -

- - -

- - -

(16,500)

- -

Gain (Loss) on Sale of Asset

51,932

-

51,932

Total Nonoperating Revenues (Expenses) Income (Loss) before Capital Contributions and Transfers

3,577

(65,009)

(14,959)

(12,885)

(6,809)

126,699

30,614

192,577

242,050

145,180

(12,885)

215,823

474,677

1,257,422

Capital Grants and Contribution

- -

- -

100,000 184,988

- -

- -

- -

100,000 184,988

Captial Contributions from Governmental Funds

Change in Net Position

192,577

242,050

430,168

(12,885)

215,823

474,677

1,542,410

NET POSITION Beginning of Year

12,326,922

22,306,049

7,842,292

(1,381,017)

1,240,221

2,055,524

44,389,991

End of Year

12,519,499 $

22,548,099 $

8,272,460 $

(1,393,902) $

1,456,044 $

2,530,201 $

45,932,401 $

135