2021 Annual Comprehensive Financial Report

December 31, 2021 STATEMENT OF NET POSITION - PROPRIETARY FUNDS CITY OF SHAKOPEE

Business-Type Activities - Enterprise Funds

Governmental Activities - Internal Service Funds

Sewer

Storm Drainage

Refuse

Total

ASSETS Current Assets Cash and Investments, Including Cash Equivalents

$

8,622,327

$

11,051,141

$

-

$

19,673,468

$

18,921,641

Accounts Receivable Interest Receivable

45,000 22,186

-

32,943

77,943 50,514

5,463 48,585

28,375

(47)

Special Assessment Receivable: Delinquent

-

126

- - - - - -

126

- - - - -

Deferred

116,171 18,324 425,140

2,480

118,651 18,324 565,123

Due from Other Funds

-

Due from Other Governments

139,983

Inventories

149

2,589

2,738

Prepaid Expenses

-

-

-

274,617

Total Current Assets

9,249,297

11,224,694

32,896

20,506,887

19,250,306

Noncurrent Assets

Advances to Other Funds, Noncurrent

320,110

3,432,697

-

3,752,807

150,000

Capital Assets: Land

4,500

3,792,303 507,746 4,104,666

- - - - - -

3,796,803 507,746 4,870,157 1,368,569

221,876

Right of Way

-

-

Construction in Progress

765,491 1,368,569 56,473,159 2,197,918 60,809,637 (18,092,762) 42,716,875 43,036,985 -

58,119

Line Rights Infrastructure

-

-

60,804,456

117,277,615

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

Buildings

-

-

Machinery and Equipment

1,388,496 70,597,667 (17,396,936) 53,200,731 56,633,428

1,172,068 1,172,068 (820,416)

4,758,482 132,579,372 (36,310,114) 96,269,258 100,022,065

Total Cost

Less Accumulated Depreciation

Net Capital Assets

351,652 351,652

Total Noncurrent Assets

Total Assets

52,286,282

67,858,122

384,548

120,528,952

50,319,405

Deferred Outflows of Resources Deferred Outflows of Resources Related to Pensions Deferred Outflows of Resources Related to OPEB

111,327 12,192

173,837 12,192

- -

285,164 24,384

- -

123,519

186,029

-

309,548

-

Total Deferred Outflows of Resources

Total Assets and Deferred Outflows of Resources

$

52,409,801

$

68,044,151

$

384,548

120,838,500 $

$

50,319,405

LIABILITIES AND NET POSITION Current Liabilities Accounts Payable

$

148,566

$

29,534

$

-

$

178,100 18,324 235,115 27,006 458,545 320,110 33,007 134,854 385,460 873,431

$

128,873

Due to Other Funds

-

-

18,324

- -

Due to Other Governments Current Compensated Absences Total Current Liabilities

209,204 12,305 370,075

25,911 14,701 70,146

- -

1,371,659 1,500,532

18,324

Noncurrent Liabilities

Advance from Other Funds Compensated Absences Total OPEB Liability Net Pension Liability

-

-

320,110

1,210,000 1,676,472

15,040 67,427 150,482 232,949 603,024

17,967 67,427 234,978 320,372 390,518

- - -

- -

Total Noncurrent Liabilities

320,110 338,434

2,886,472 4,387,004

1,331,976

Total Liabilities

Deferred Inflows of Resources Deferred Inflows of Resources Related to Pensions Deferred Inflows of Resources Related to OPEB

138,182

215,771

- -

353,953

- -

1,228

1,228

2,456

139,410

216,999

-

356,409

-

Total Deferred Inflows of Resources

Net Position

Investment in Capital Assets

42,716,875 8,950,492 51,667,367

53,200,731 14,235,903 67,436,634

351,652 (305,538)

96,269,258 22,880,857 119,150,115

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

Unrestricted

46,114

Total Net Position

Total Liabilities, Deferred Inflows of Resources and Net Position

$

52,409,801

$

68,044,151

$

384,548

$

50,319,405

Adjustment to Reflect the Consolidation of Internal Service Fund Activity Related to Enterprise Funds (See Note 2c)

618,979

Total Business-Type Activities Net Position

119,769,094 $

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

38