2022 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

December 31, 2022 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

$ 23,193,629

$

6,629,317

$

-

$

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

$ 14,336,495

$ 44,159,441

Restricted Cash and Investments Delinquent Taxes Receivable Special Assessments Receivable:

-

- -

3,055,959

-

3,055,959 132,536

129,813

-

2,723

-

Delinquent Deferred

2,444 52,079 279,865 75,833 356,880

2,104

- - - - - - - - -

379

4,927

1,442,355 628,075

333,999 42,195 44,959

1,828,433 950,135 181,308 2,163,066 3,070,709 4,074,772 2,633,712 32,531 191,704 4,064,015

Accounts Receivable Interest Receivable Lease Receivable Due from Other Funds

46,403

14,113

-

1,806,186

-

3,070,709 3,077,962 738,900

-

Due from Other Governments Advance to Other Funds

892,978 1,894,812 32,531 185,827

103,832

- -

Inventories Prepaid Items

- - -

5,877

Land Held for Resale

-

3,307,388

756,627

Total Assets

$ 27,096,691

$ 15,635,825

$ 6,377,460

$

-

$ 17,433,272

$ 66,543,248

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

$

262,637

$

295,172

$

240,036 3,070,709

$

- - - - -

$

437,094

$ 1,234,939

Due to Other Funds Deposits Payable

-

- - - - -

-

3,070,709 5,122,463 249,107 845,979 4,924,695 186,099 15,633,991 132,536 1,833,360 2,111,256 3,076,724 7,153,876

5,078,397 206,537 845,979 163,356 6,556,906 -

- - -

44,066

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

41,869

701

-

289,459

2,533,625

2,101,611

Unearned Revenue

-

-

22,743

Total Liabilities

337,041

3,600,204

2,533,625

2,606,215

Deferred Inflows of Resources Unavailable Revenue - Property Taxes Unavailable Revenue - Special Assessments Deferred Inflow of Resources Related to Lease Unavailable Revenue - Intergovernmental

129,813 54,523 350,153

-

- - - - -

- - - - - - - - -

2,723

1,444,459

334,378 1,761,103

-

-

3,076,724 4,521,183

-

Total Deferred Inflows of Resources

534,489

2,098,204

Fund Balances

Nonspendable

225,085

- - -

-

5,877

230,962

Restricted Committed Assigned Unassigned

-

2,777,256

10,723,242

13,500,498 2,333,000 14,975,970 12,714,951 43,755,381

2,333,000 200,000 17,247,211 20,005,296

- - -

-

10,777,601

3,998,369 (1,998,635) 12,728,853

-

(2,533,625) (2,533,625)

Total Fund Balances

10,777,601

2,777,256

Total Liabilities, Deferred Inflows of Resources and Fund Balances

$ 27,096,691

$ 15,635,825

$ 6,377,460

$

-

$ 17,433,272

$ 66,543,248

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

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