2021 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

For the Year Ended December 31, 2021 STATEMENT OF ACTIVITIES

Program Revenues

Capital Grants and Contributions

Operating Grants and Contributions

Charges for Services

Expenses

Functions/Programs

Governmental Activities General Government

$

5,476,971 12,373,811 13,880,078 5,173,536 3,051,908 1,169,247 41,198,299 72,748

2,890,048 $

$

96,836

$

- -

Public Safety Public Works

5,271,207 1,850,883 2,330,335

4,628,859 1,315,314 1,181,156

8,719,900 3,604,435

Culture and Recreation

Conservation and Natural Resources

- - -

-

-

Economic Development Interest on Long-Term Debt

332,732

690,803

-

-

Total Governmental Activities

12,342,473

7,554,897

13,015,138

Business-Type Activities Sewer

4,394,259 1,918,958 121,379 6,434,596

4,377,349 1,296,199 131,240 5,804,788

- - - -

3,364,550 4,635,199

Storm Drainage

Refuse

-

Total Business-Type Activities

7,999,749

Total Primary Government

47,632,895 $

18,147,261 $

7,554,897 $

21,014,887 $

Component Unit - SPUC Electric

48,984,094 $

53,114,827 $

$

- - -

$

98,931

Water

5,717,633

6,775,190

6,685,954

Total Component Unit

54,701,727 $

59,890,017 $

$

6,784,885 $

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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