2023 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION - INTERNAL SERVICE FUNDS For the Year Ended December 31, 2023

Information and Technology

Employee Benefits

Self Insurance

Equipment

Buildings

Park Asset

Total

OPERATING REVENUES Rental Charges

$ 1,364,700

$ 1,231,200

$ 635,900

$

- - -

$ 612,000

$ 1,323,368

$ 5,167,168

Other Charges

-

-

-

-

5,431

5,431

Total Operating Revenues

1,364,700

1,231,200

635,900

612,000

1,328,799

5,172,599

OPERATING EXPENSES Depreciation Professional Services Repairs and Maintenance Materials and Supplies

961,207

685,478 14,901 20,210

430,052 20,382 1,583 42,215

- - - - - -

66,393 1,046 64,608 419,271

-

2,143,130

- - - -

58,806 41,725

95,135 128,126 461,486 857,718

- -

-

Insurance

-

-

857,718 958,249

Total Operating Expenses

961,207

720,589

494,232

551,318

3,685,595

Operating Income

403,493

510,611

141,668

-

60,682

370,550

1,487,004

NONOPERATING REVENUES (EXPENSES) Investment Income

350,781

365,274

102,184

87,880

66,970

153,592 27,053

1,126,681

Insurance Dividends Interest Expense

-

-

- -

- - -

- - -

27,053 (15,401) 58,177

(1,651)

(13,750) (463,093)

- -

Gain (Loss) on Sale of Asset

583,503

(62,233)

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

932,633

(111,569)

39,951

87,880

66,970

180,645

1,196,510

1,336,126

399,042

181,619

87,880

127,652

551,195

2,683,514

Capital Contributions from Outside Developers Capital Contributions (to)/from Governmental Funds

86,167

-

7,300

-

-

-

93,467

87,525

8,670

(9,690)

- - -

- - -

(47,525)

38,980

Transfers In Transfers Out

- -

2,940,128

-

- -

2,940,128 (280,000)

-

(280,000)

Change in Net Position

1,509,818

3,347,840

(100,771)

87,880

127,652

503,670

5,476,089

NET POSITION Beginning of Year

12,551,683

22,690,274

8,888,859

(1,458,396)

1,423,028

2,973,749

47,069,197

End of Year

$ 14,061,501

$ 26,038,114

$ 8,788,088

$ (1,370,516)

$ 1,550,680

$ 3,477,419

$ 52,545,286

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