2021 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

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

Business-Type Activities - Enterprise Funds

Governmental Activities - Internal Service Funds

Sewer

Storm Drainage

Refuse

Total

OPERATING REVENUES Charges for Services

4,370,561 $

$

1,276,009

$

131,240

$

5,777,810

$

-

Rental Charges Other Charges

2,520 4,268

-

- - -

2,520 20,768 3,690

4,553,886

16,500 3,690

7,564

Special Assessments

-

-

Total Operating Revenues

4,377,349

1,296,199

131,240

5,804,788

4,561,450

OPERATING EXPENSES Salaries and Benefits Professional Services Sewer Disposal Charges Repairs and Maintenance Materials and Supplies Depreciation

348,908 955,710 180,398

607,456 938,142 149,659 57,021 86,355 23,100 9,700 16,390 -

-

956,364 2,010,963 330,057 2,633,011 186,831 179,366

-

117,111

2,069,986

- - - - - - -

18,949

2,633,011 129,810

-

95,016 402,442

93,011 31,300 47,800 22,278

Rent

54,400 57,500 38,668

-

Insurance Utilities

748,249

-

Total Operating Expenses

4,442,226

1,887,823

117,111

6,447,160

3,334,642

Operating Income (Loss)

(64,877)

(591,624)

14,129

(642,372)

1,226,808

NONOPERATING REVENUES (EXPENSES) Investment Income (Loss)

(58,220)

(33,335)

398

(91,157)

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

Insurance Dividends Interest Expense

- -

- -

-

-

(4,268)

(4,268) (67,282)

Gain (Loss) on Sale of Asset

(3,832)

(63,450)

-

51,932

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

(62,052)

(96,785)

(3,870)

(162,707)

30,614

(126,929)

(688,409)

10,259

(805,079)

1,257,422

Capital Grants and Contribution

-

- -

- - - - - -

-

100,000

Capital Contributions from Special Assessments Capital Contributions from Outside Developers Captial Contributions from Governmental Funds

32,627

32,627

- - - -

3,331,923

4,635,199 117,903

7,967,122 117,903

-

184,988

Transfers In Transfers Out

7,100

10,800

17,900

(125,000)

(125,000)

(250,000)

Change in Net Position

3,119,721

3,950,493

10,259

7,080,473

1,542,410

NET POSITION Beginning of Year

48,547,646

63,486,141

35,855

112,069,642

44,389,991

End of Year

51,667,367 $

67,436,634 $

$

46,114

119,150,115 $

45,932,401 $

Adjustment to Reflect the Consolidation of Internal Service Fund Activity Related to Enterprise Funds (See Note 2d) Governmental Activites Contribution Revenue Reported Above Transfers In of Captial Assets from Governmental Activities

84,114

(117,903) 117,903

Change in Net Position - Business-Type Activities

$

7,164,587

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

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