2023 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

December 31, 2023 BALANCE SHEET - GOVERNMENTAL FUNDS

Special Revenue

Capital Projects

TIF District No. 18 Canterbury Commons

Economic Development Authority

TIF District No. 20 Enclave

Capital Improvement

General Fund

ASSETS

Cash and Investments

$ 26,293,625

$

- -

$ 12,308,670

$

3,173

$

- - - - - - - - - - - - - - -

Restricted Cash and Investments Delinquent Taxes Receivable Special Assessments Receivable: Delinquent

-

- -

1,513,983

141,543

2,915

-

3,915 16,483 408,497 156,761 200,000 353,195

- -

2,434

- - - - - - - - - - -

Deferred

1,108,425 701,079

Accounts Receivable Interest Receivable Notes Receivable Lease Receivable Due from Other Funds

11,232 16,387

59,470

-

- -

1,902,462

-

-

748,608 62,972 578,447

Due from Other Governments Advance to Other Funds

251,439 1,951,320 33,696 261,826

9,271

7,052

3,139,905

Inventories Prepaid Items

-

- - -

4,664

106,627

Land Held for Resale

-

Total Assets

$ 30,072,300

$ 5,193,463

$ 15,570,105

$ 1,524,208

$

-

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities Accounts Payable

$

273,875

$

180,882 658,862 44,066

$

1,199,417

$

32,380

$

750

Due to Other Funds Deposits Payable

-

-

- - - -

- - - -

5,865,334 331,569 905,242 172,872 7,548,892 -

117,152

Due to Other Governments Salaries and Benefits Payable Advance from Other Funds

2,557

- - - -

-

50,000 32,735 969,102

3,718,352

2,403,785

Unearned Revenue

-

-

Total Liabilities

1,316,569

3,750,732

2,404,535

Deferred Inflows of Resources Unavailable Revenue - Property Taxes Unavailable Revenue - Special Assessments

141,543 20,398 336,989

2,915

-

- - - - - - - - -

- - - - - - - - -

-

1,110,859

Deferred Inflow of Resources Related to Leases

1,808,894

-

Resources Received in Advance

-

-

445,470 1,556,329

Total Deferred Inflows of Resources

498,930

1,811,809

Fund Balances

Nonspendable

511,728

4,664

- - -

Restricted Committed Assigned Unassigned

-

2,407,888

2,650,000 400,000 18,462,750 22,024,478

- - -

12,697,207

-

(2,226,524) (2,226,524)

(2,404,535) (2,404,535)

Total Fund Balances

2,412,552

12,697,207

Total Liabilities, Deferred Inflows of Resources and Fund Balances

$ 30,072,300

$ 5,193,463

$ 15,570,105

$ 1,524,208

$

-

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

34