2023 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

STATEMENT OF NET POSITION December 31, 2023

Component Unit Shakopee Public Utility

Primary Government

Governmental Activities

Business-Type Activities

Total

ASSETS AND DEFERRED OUTFLOWS OF RESOURCES Assets Cash and Investments (Including Cash Equivalents)

$ 78,190,134

$ 19,364,598

$ 97,554,732

$

59,001,074 21,689,289

Restricted Cash and Investments

1,513,983 144,458 1,153,365 470,016 333,927 1,888,710 2,255,657

- -

1,513,983 144,458 1,155,479 590,474 840,145 2,096,369 2,255,657

Property Tax Receivable

-

Accounts Receivable (Net of Allowance for Uncollectible Accounts)

2,114

9,651,207 276,985 315,829 2,356,913 2,423,718 139,825

Interest Receivable

120,458 506,218 207,659

Due From Other Governments Special Assessments Receivable

-

Lease Receivable

-

Inventories

33,696 564,646 200,000 106,627

2,871

36,567 564,646 200,000 106,627

Prepaid Expenses Notes Receivable Land Held for Resale

- - -

- - - -

Advances from Other Funds (Internal Balances)

(3,056,864) 1,261,742

3,056,864

-

Net Pension Asset

-

1,261,742

Capital Assets, Net of Accumulated Depreciation and Amortization (Where Applicable): Land and Land Improvements

25,128,216 1,209,773 10,886,747

3,796,803 507,746 6,589,718 618,807 94,258,784

28,925,019 1,717,519 17,476,465

9,148,582

Right of Way

-

Construction in Progress

9,270,832

Line Rights Infrastructure Plant in Service

-

618,807

- - - -

89,438,962

183,697,746

-

- - - -

-

110,743,567

Buildings

52,424,125 15,351,967

52,424,125 17,218,229

Machinery and Equipment

1,866,262

Subscription-Based Information Technology Asset (SBITA) Leased Equipment (Intangible Right to Use Asset)

165,364 591,514

165,364 591,514

593,325

-

280,256,765

130,898,902

411,155,667

225,611,146

Total Assets

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

16,277,199

156,815 18,296

16,434,014

1,302,028

423,406

441,702

-

16,700,605

175,111

16,875,716

1,302,028

Total Deferred Outflows of Resources

$ 296,957,370

$ 131,074,013

$ 428,031,383

$

226,913,174

Total Assets and Deferred Outflows of Resources

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

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