2023 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

Years 2014 Through 2023 NET POSITION BY COMPONENT

2014

2015

2016

2017

Governmental Activities:

Net Investment in Capital Assets

$ 117,980,552

$ 120,831,029

$ 128,559,527

$ 135,442,110

Restricted Unrestricted

7,103,581 35,302,035

7,547,490 23,939,064

6,637,391 16,719,760

6,342,643 15,059,730

Total Governmental Activities Net Position

$ 160,386,168

$ 152,317,583

$ 151,916,678

$ 156,844,483

Business-Type Activities:

Net Investment in Capital Assets

$

67,831,099 28,485,814

$

68,986,369 25,981,542

$

70,099,288 23,281,483

$

75,547,444 22,730,751

Unrestricted

Total Business-Type Activities Net Position

$

96,316,913

$

94,967,911

$

93,380,771

$

98,278,195

Primary Government:

Net Investment in Capital Assets

$ 185,811,651

$ 189,817,398

$ 198,658,815

$ 210,989,554

Restricted Unrestricted

7,103,581 63,787,849

7,547,490 49,920,606

6,637,391 40,001,243

6,342,643 37,790,481

Total Primary Government Net Position

$ 256,703,081

$ 247,285,494

$ 245,297,449

$ 255,122,678

The City implemented GASB Statement No. 68 and GASB Statement No. 71 in 2015. Years prior to 2015 have not been restated.

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