2022 Annual Comprehensive Financial Report

CITY OF SHAKOPEE NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2022

Fund balances are classified as follows to reflect the limitations and restrictions of the respective funds. NOTE 16 – FUND BALANCE DETAIL

TIF District No. 18 Canterbury Common

Other Governmental Funds

Capital Improvement

TIF District No. 20 Enclave

General Fund

Total

Nonspendable:

Prepaid Items Inventories

$

185,827 32,531

$

-

$

-

$

-

$

5,877

$

191,704 32,531

- -

Leases

6,727

6,727

225,085

-

-

-

5,877

230,962

Total Nonspendable

Restricted:

Forfeitures

- - - - - - -

- - - - - - -

- - - - -

- - - - - - -

121,712 125,048 18,368 1,300,084 2,547,833 6,610,197 10,723,242

121,712 125,048 18,368 1,300,084 2,547,833 9,387,453 13,500,498

Opiods Settlement

SCDP Grant

Economic Development

Debt Service

2,777,256 2,777,256

Capital Improvements

Total Restricted

Committed:

2,333,000

-

-

-

-

2,333,000

Building Permits

Assigned:

SandVenture

200,000

- -

- - - -

- - - -

-

200,000 68,084

Telecommunications Capital Improvements

- -

68,084

10,777,601 10,777,601

3,930,285 3,998,369

14,707,886 14,975,970

200,000

Total Assigned

17,247,211

-

-

(2,533,625)

(1,998,635)

12,714,951

Unassigned

Total Fund Balance

$ 20,005,296

$ 10,777,601

$ 2,777,256

$ (2,533,625)

$ 12,728,853

$ 43,755,381

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