2021 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

December 31, 2021 BALANCE SHEET - GOVERNMENTAL FUNDS

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

18,366,688 $

$

1,714,519

$

-

$

702

12,613,963 $

32,695,872 $

Restricted Cash and Investments Delinquent Taxes Receivable Special Assessments Receivable:

-

- -

1,605,531

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

113,850

1,719,381 114,979

114,979

-

- - - -

Delinquent Deferred

2,556 28,197 414,642 38,543

22,857

- - - - - - - -

25,413

2,185,242 226,829 3,092,399 2,922,471 1,014,839 10,596

2,213,439 679,276 3,101,088 6,134,074 2,620,022 30,157 192,238 3,861,463 69,191

Accounts Receivable Interest Receivable Due from Other Funds

37,805 20,052

8,689

-

Due From Other Governments Advance to Other Funds

2,721,763 1,605,183 30,157 167,407

91,367

398,473

- -

Inventories Prepaid Items

- - -

24,831 756,627

Land Held for Resale

-

3,104,836

Total Assets

23,498,804 $

11,189,752 $

4,801,734 $

$

702

13,965,601 $

53,456,593 $

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

$

370,149

$

707,864

$

560,164 3,092,399

$

700

1,033,063 $

2,671,940 $

Due to Other Funds Deposits Payable

-

- - - - -

- - - -

8,689

3,101,088 4,131,034 592,803 758,831 4,992,719 157,241 16,405,656

4,131,034 163,920 758,831 157,241 5,581,175 -

-

-

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

17,693

131,927

279,263

-

-

258,712

2,560,308

2,173,699

Unearned Revenue

-

-

-

Total Liabilities

725,557

4,043,202

2,561,008

3,494,714

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

114,979 30,753

-

- - - -

- - - - - - - -

- - - -

114,979 2,238,852 2,564,682 4,918,513

2,208,099 2,564,682 4,772,781

Unavailable Revenue - Other

-

Total Deferred Inflows of Resources

145,732

Fund Balances

Nonspendable

197,564

- - -

-

24,831

222,395 8,576,569 1,430,000 10,229,194 11,674,266 32,132,424

Restricted Committed Assigned Unassigned

-

758,532

7,818,037

1,430,000

- - -

-

-

5,691,414

4,537,780 (1,909,761) 10,470,887

16,144,333 17,771,897

-

(2,560,306) (2,560,306)

Total Fund Balances

5,691,414

758,532

Total Liabilities, Deferred Inflows of Resources and Fund Balances

23,498,804 $

11,189,752 $

4,801,734 $

$

702

13,965,601 $

53,456,593 $

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

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