2022 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

STATEMENT OF NET POSITION (Continued) December 31, 2022

Primary Government

Component Unit Shakopee Public Utility

Governmental Activities

Business-Type Activities

Total

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND NET POSITION Liabilities Accounts and Contracts Payable

$ 1,464,319

$ 1,942,425

$ 3,406,744

$

5,006,376 923,934 563,284

Other Current Liabilities Due to Other Governments Salaries and Benefits Payable

-

-

-

249,107 845,979 5,122,463 650,749 186,099

155,243

404,350 845,979 5,122,463 650,749 186,099

- - - - - - - - -

-

Deposits Payable Interest Payable Unearned Revenue Customer Advances

1,731,390

- -

-

-

1,293,387

Bond Principal Payable, Net: Payable Within One Year Payable After One Year

1,960,000 46,247,279

1,960,000 46,247,279

- - - - - -

Lease Liability

Payable Within One Year Payable After One Year

41,036 72,767

41,036 72,767

Compensated Absences Payable: Payable Within One Year

1,341,917 1,640,120

31,085 37,994

1,373,002 1,678,114

Payable After One Year

OPEB Liability:

Payable After One Year

-

2,087,473

92,482

2,179,955

Net Pension Liability:

Payable After One Year

30,473,123

724,452

31,197,575

5,290,582

Total Liabilities

92,382,431

2,983,681

95,366,112

14,808,953

Deferred Inflows of Resources Regulatory Collections to Cover Future Costs Deferred Inflows of Resources Related to Leases Deferred Inflows of Resources Related to Pensions Deferred Inflows of Resources Related to OPEB

-

- -

-

189,722 1,747,681 211,842

2,111,256 1,871,705 1,097,824

2,111,256 1,894,713 1,146,462

23,008 48,638

-

5,080,785

71,646

5,152,431

2,149,245

Total Deferred Inflows of Resources

97,463,216

3,055,327

100,518,543

16,958,198

Total Liabilities and Deferred Inflows of Resources

Net Position

Net Investment in Capital Assets

137,816,027

105,103,994

242,920,021

115,314,396

Restricted for:

- - - - - - - -

Economic Development

1,305,866

1,305,866

- - - - -

SCDP Grant

18,368 125,048 121,807

18,368 125,048 121,807

Opiods Settlement

Forfeiture

Debt Service

2,231,462

2,231,462

Componet Units Water and Electric

-

-

18,729,524

Capital Improvements

6,571,530 56,463,929

6,571,530 37,683,599

-

Unrestricted

18,780,330

58,079,879

Total Net Position

185,873,707

123,884,324

309,758,031

192,123,799

Total Liabilities, Deferred Inflows of Resources and Net Position

$ 283,336,923

$ 126,939,651

$ 410,276,574

$ 209,081,997

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

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