2021 Annual Comprehensive Financial Report

CITY OF SHAKOPEE NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2021

NOTE 4 – DEPOSITS AND INVESTMENTS (CONTINUED) B. Investments (Continued)

The following is a summary of total deposits and investments as of December 31, 2021:

Deposits (Note 3.A.)

17,349,681 $

Component Unit Petty Cash City Investments Restricted Cash and Investments Component Unit Investments City Petty Cash Total Deposits and Investments

64,801,793 1,719,381 64,571,807

1,700 4,422

148,448,784 $

Deposits and investments are presented in the December 31, 2021 basic financial statements as follows:

Primary

Fiduciary

Component

Government

Funds

Unit

Total

Statement of Net Position: Cash and Investments

71,290,981 $

$

421,654

55,539,293 $

127,251,928 $ 21,196,856

Restricted Cash and Investments

1,719,381

-

19,477,475

Total

73,010,362 $

$

421,654

75,016,768 $

148,448,784 $

NOTE 5 – RECEIVABLES/UNAVAILABLE REVENUE A. Taxes and Assessments

Governmental funds report unavailable revenue in connection with receivables for revenues that are not considered to be available to liquidate liabilities of the current period. Governmental funds also defer revenue recognition in connection with resources that have been received, but not yet earned. At the end of the current year, the various components of unavailable revenue reported in the governmental funds were as follows:

Delinquent

Delinquent

Deferred Special

Property

Special

Intergovernmental

Taxes

Assessments Assessments

Revenue

Total

General Fund

114,979 $

$

2,556 22,857

$

28,197

$

-

145,732 $ 4,772,781

Capital Improvement

-

2,185,242

2,564,682

Total

114,979 $

$

25,413

2,213,439 $

$

2,564,682

4,918,513 $

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