2022 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION - PROPRIETARY FUNDS For the Year Ended December 31, 2022

Business-Type Activities - Enterprise Funds

Governmental Activities - Internal Service Funds

Sewer

Storm Drainage

Refuse

Total

OPERATING REVENUES Charges for Services

$ 4,775,337

$

1,318,434

$

92,626

$

6,186,397

$

-

Rental Charges Other Charges

2,520 3,381

-

-

2,520 91,413 2,781

5,029,770

82,308 2,781

5,724

- -

Special Assessments

-

-

Total Operating Revenues

4,781,238

1,403,523

98,350

6,283,111

5,029,770

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

437,590 933,171 168,607 61,857 71,365 32,100 47,800 33,645 2,612,739 4,398,874

618,159 1,001,853 146,119

-

1,055,749 2,052,135 314,726 2,612,739 162,244 124,492

-

117,111

2,161,806

- - - - - - -

44,132

-

-

100,387 53,127 23,800

77,457 600,839

Rent

55,900 57,500 38,866

-

Insurance Utilities

9,700 5,221

753,282

-

Total Operating Expenses

1,958,366

117,111

6,474,351

3,637,516

Operating Income (Loss)

382,364

(554,843)

(18,761)

(191,240)

1,392,254

NONOPERATING REVENUES (EXPENSES) Investment Income (Loss)

(139,635)

(508,810)

(146)

(648,591)

(901,632)

Grants and Contributions Insurance Dividends

672

1,052

- -

1,724

-

- -

- -

-

92,325 (15,125) (9,665)

Interest Expense

(3,201)

(3,201) (75,095)

Gain (Loss) on Sale of Asset

8,000

151,446

(234,541)

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

(130,963)

(356,312)

(237,888)

(725,163)

(834,097)

251,401

(911,155)

(256,649)

(916,403)

558,157

Capital Grants and Contribution

-

61,000

- - - - -

61,000 41,790

309,642

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

41,790

-

-

1,772,827 290,566

2,219,293 965,093

3,992,120 1,255,659

261,262

7,735

Transfers Out

(200,000)

(200,000)

(400,000)

-

Change in Net Position

2,156,584

2,134,231

(256,649)

4,034,166

1,136,796

NET POSITION Beginning of Year

51,667,367

67,436,634

46,114

119,150,115

45,932,401

End of Year

$ 53,823,951

$ 69,570,865

$ (210,535)

$ 123,184,281

$ 47,069,197

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

81,064

(1,255,659) 1,255,659

Change in Net Position - Business-Type Activities

$

4,115,230

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

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