2021 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

MANAGEMENT’S DISCUSSION AND ANALYSIS December 31, 2021

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, 2021, amounts to $278,562,530 (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

2021

2020

2021

2020

2021

2020

Land ROW

$

24,743 1,089 6,402 80,710 54,687 14,662 -

$

23,259

$

3,797

$

3,796

$

28,540 1,597 11,272 165,695 54,687 16,103 668

$

27,055 1,398 13,279 151,321 56,086 15,112 693

890

508

508

8,448

4,870

4,831

Construction in Progress

-

668

693

Line Rights Infrastructure

73,694 56,086 13,592

84,985

77,627

-

-

Buildings

1,441

1,520

Machinery and Equipment

Total

182,293 $

175,969 $

$

96,269

$

88,975

278,562 $

264,944 $

Major capital assets events during the current year included the following:

Developer contributed assets of streets, sanitary sewer and storm sewer at Windermere South, Canterbury Crossing, Valley Crest, Summerland, Whispering Waters, and Hentges Industrial Park. Construction of the Quarry Lake mountain bike trail.

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Vehicle replacements in police, streets, park, sewer and storm. Memorial park bridge and various other parks around the city Ridge Creek Park boardwalk and storm improvements.

Additional information on the City’s capital assets can be found in Note 6 on pages 66 to 68 of this report.

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