2022 Annual Comprehensive Financial Report

December 31, 2022 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

$

6,187,114

$ 10,683,309

$

2,860

$ 16,873,283

$ 20,559,352

Accounts Receivable Interest Receivable

-

1,376 48,903

-

1,376 67,398

858

18,483

12

86,991

Special Assessment Receivable: Delinquent

-

95

- - - - -

95

- - - -

Deferred

80,237 433,739

3,234

83,471 554,691

Due from Other Governments

120,952

Inventories

167

2,785

2,952

Prepaid Expenses

-

-

-

272,774

Total Current Assets

6,719,740

10,860,654

2,872

17,583,266

20,919,975

Noncurrent Assets

Advances to Other Funds, Noncurrent

213,407

3,290,983

-

3,504,390

100,000

Capital Assets: Land

4,500

3,792,303 507,746 1,147,480

- - - - - - - - - - -

3,796,803 507,746 7,393,017 1,368,569

221,876

Right of Way

-

-

Construction in Progress

6,245,537 1,368,569 58,068,937 2,537,009 68,224,552 (18,971,406) 49,253,146 49,466,553 -

761,094

Line Rights Infrastructure

-

-

66,757,997

124,826,934

4,921,639 33,026,594 20,206,313 59,137,516 (28,776,877) 30,360,639 30,460,639

Buildings

-

-

Machinery and Equipment

1,595,269 73,800,795 (17,949,947) 55,850,848 59,141,831

4,132,278 142,025,347 (36,921,353) 105,103,994 108,608,384

Total Cost

Less Accumulated Depreciation

Net Capital Assets

Total Noncurrent Assets

Total Assets

56,186,293

70,002,485

2,872

126,191,650

51,380,614

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

99,140 10,646

140,933 10,646

- -

240,073 21,292

- -

109,786

151,579

-

261,365

-

Total Deferred Outflows of Resources

Total Assets and Deferred Outflows of Resources

$ 56,296,079

$ 70,154,064

$

2,872

$ 126,453,015

$ 51,380,614

LIABILITIES AND NET POSITION Current Liabilities Accounts Payable Due to Other Governments Current Compensated Absences

$

1,936,767 124,349

$

5,658 30,894 16,783 53,335

$

- - - -

$

1,942,425 155,243

$

229,380

-

14,302

31,085

1,341,917 1,571,297

Total Current Liabilities

2,075,418

2,128,753

Noncurrent Liabilities

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

-

-

213,407

213,407 37,994 92,482 724,452

1,100,000 1,640,120

17,481 46,241 299,168 362,890

20,513 46,241 425,284 492,038 545,373

- - -

- -

Total Noncurrent Liabilities

213,407 213,407

1,068,335 3,197,088

2,740,120 4,311,417

2,438,308

Total Liabilities

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

9,501 24,319

13,507 24,319

- -

23,008 48,638

- -

33,820

37,826

-

71,646

-

Total Deferred Inflows of Resources

Net Position

Investment in Capital Assets

49,253,146 4,570,805 53,823,951

55,850,848 13,720,017 69,570,865

-

105,103,994 18,080,287 123,184,281

30,360,639 16,708,558 47,069,197

Unrestricted

(210,535) (210,535)

Total Net Position

Total Liabilities, Deferred Inflows of Resources and Net Position

$ 56,296,079

$ 70,154,064

$

2,872

$ 51,380,614

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

700,043

Total Business-Type Activities Net Position

$ 123,884,324

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

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