AOP- Statement of Net Position Proprietary Funds 12-31-22, LPAFFIDAVIT OF PUBLICATION
STATE OF MINNESOTA ) ss
COUNTY OF CARVER
Rhonda Herberg being duly sworn on an
oath, states or affirms that he /she is the
Publisher's Designated Agent of the newspa-
per(s) known as:
Laker Pioneer
with the known office of issue being located
in the county of:
CARVER
with additional circulation in the counties of:
HENNEPIN
and has full knowledge of the facts stated
below:
(A) The newspaper has complied with all of
the requirements constituting qualifica-
tion as a qualified newspaper as provided
by Minn. Stat. §331A.02.
(B) This Public Notice was printed and pub-
lished in said newspaper(s) once each
week, for 1 successive week(s); the first
insertion being on 07/01/2023 and the last
insertion being on 07/01/2023.
MORTGAGE FORECLOSURE NOTICES
Pursuant to Minnesota Stat. §580.033
relating to the publication of mortgage
foreclosure notices: The newspaper complies
with the conditions described in §580.033,
subd. 1, clause (1) or (2). If the newspaper's
known office of issue is located in a county
adjoining the county where the mortgaged
premises or some part of the mortgaged
premises described in the notice are located,
a substantial portion of the newspaper's
circulation is in the latter county.
By:
Designated Agent
Subscribed and sworn to or affirmed before
me on 07/01/2023 by Rhonda Herberg.
Um &4:!�
Notary Public
uv.�s+rer�
DARLENE MARIE MACPHERSON
NOTARY PUBLIC - MINNESOTA
rt pry Commission Expires Jan 31, 2024
Rate Information:
(1) Lowest classified rate paid by commercial users
for comparable space:
$999.99 per column inch
Ad ID 1324410
CITY OF SHOREWOOD, MINNESOTA
statemerd of Cesh Flows
STATEMENT OF NET POSITION
Proprietary Funds
PROPRIETARY FUNDS
F.
4
the Year Ended Oeartoar 31,
- 2022
DECEMBER 31, 2022
ausift -type Adules- Enterprise
sormwt er
Foos
1.1— riamert
Memel¢,
Du- -tipe.
Activities- Enterprise Funds
i
?Veto,
sewer
Utnty
Recy:lnp
Totals
S(omrovate,
$Cash (Uwe own DPuwa 4ctiae,
Management
Nominal.
Retests from customers and users
5 765.818 5
1,243,633 5
341,585
5 138,560
5 2590,096
Water Se",
Utilty
Recycling
Teals
Oil,, receipts related to uperatnna
9,489
2,934
234
61
11.818
Assert
i Paymants tosuppters,=traders and other go emmcnts
(379.37)
(1,172,954?
(1,52.080)
f145.0e6)
1841537)
Current Assets
Payments to e"eye"
f2e4o22)
1.45810)
(71,236). (29862)
f631,s50)
Cash and temporary irlYaatmant5
3 1,239,027 § 2038,113
5 3,772,616
$ 331.491
5 7389447
tits Cash Provided (used)
by Offending ActNaks
19(,848
(172,697)
166203
22,673
120,427
Recenables
Kash fit- fmm
Accrued aterast
187 2380
3,261
482
6290
Noncnp431 Fnanong ActNHe.
Accounts
49tl.d50 373.895
220953
16312
831,620
Transfers era
( 12,5091
(12500)
-
(26,009)
Special assessments
7577 34,229
12,33Q
4,856
58992
333 Rancho. fats.
-
-
322,102
-
32`AU
Prepaid items
2.549 2549
2,549
2549
1-0,196
I Not, recehabre recea'td
j Increase n eue to oiler funds
161133
(307,988)
-
-
1661133
(307.0881
Total Asses
1138.970 2,451.166
4,011719
388.690
8240.515
Decease n data homother funds
36.175
307.086
-
(43,266
ldoncurmntAssefs
sets
tie( Cash Pmydep (Usad)
SpedalasbessmEaeretelaNe
28032 -
-
285,432
by Noncaptai Fnancng ACujaias
MUM
294;586
3�, 102
494,413
Advances to other funds
978866
978,866
?Cash Flows nom Centel
Capital assets
i and Rested Financing Acfi bes
Lana
- -
1,322.984
-
1,322.989
connection foes r,ca;ved
75,900
2,409
47,401
Gonsiruc0on in progress
3.541 994,468
1 ?58094
-
2,761,153
Bpeclalauesamenls recei,,d
I i
47.400
47, 40
Machinsry, and eguiprrlent
383540 484,151
-
667,691
Acquisition of cayatassets
Bond proceeds, net of issuance costs
83,626)
890-,520
(921,766)
(605,42q
-
r1611.6i5)
IrdrasimUUre
14,178,612 9359,535
5,440,369
29,378616
Principal pad on rcvesue bonds
(291,563)
1.195,824
(4,6141
1393,736
152423)
-
3,586,939
1350.094`
Less accumulated depratiatron
17165.9321 (8.251250)
{801:880)
116,221,0621
merest pad on -..a tones
fi6.000t
(4,912)
(46.180)
(69.0821
Net Capital Assets
7,399811 2969.904
7.719672
18,109.287
tier easn Prorlad by capital
and ""e"' Fnanpmg ACWtias
725,125
265,51
1,o6s712
2,05D3773
Total Noncurrent Assets
8,664609 2.984,903
7;719.572
-
19.376.085
(i7a� Fw`'rs (tent nsestng gctiaie.
Taal Assets
90,1035'9 5.41.070
1,1,331294
308.840
21,664,630
Interact"el'od n.11 on nvestleme,
^40 n"ein.(Oecreas;)n
44,297
(1.315)
{1,8017
12e5)
405m
Deferred Oubows of Resources
l Cesn end {ash Equxasns
748907
385.3118
1578,816
22,468
2,736,439
Deferred pension resources
70.870 59,007
16,627
4305
150609
rash and Cash EV rut vita. January i
485.328
i 651805
2,193.800
312.083
4,647,098
Lia6ddies
Cash and Cash E9utrstenls, December 3l
5 1236.227 S 2036,1 i3 5
3.772.616
S 334,491
S 7363.447
Current Liabtgres
; liecoo flu ou at Opereuns ncame (Lose)
Accounts and contracts payable
18.718 44,705
753,362
11,039
827 624
to Not Cash Provided (Used) by Operating Actrrsles
Accrued saltines payable
6,554 3.618
1346
-
13,120
operating cownre (bas)
$ (253,1,60) S
(254293) S
16self
8 27.2-67
5 (=ua,371 �
Due to plhergmemmxnts
12.173 4.995
-
-
17,166
Aeyrs trai'm to recencte eparatmg necme (loss)
Accrued indeed! payable
10,656 6:380
25,633
42,671
to net cash prcvided(uaed) by aperatrq actr+dies
Other n—renal to operators
5.4%
2034
234
61
11.318
Bonds payable - current
47,037 12,767
120.196
180 -000
Depreciation
357 579
MIN
fe'ss9
-
555,410
Taal Current Liabilities
95.140 74.665
900.539
11,039
1,081.383
(n--e decrees. in assesMaferced outF.— i,—u-
NoncurrentLiabilities
Accounts mcelabs
t5o 548}
(37,533)
(93,368)
(635)
(182,26$)
Bonds payable
2,287.6213 1,595442
5,432,032
9.296,000
Special eateumus, —,able
(19.4147
(5,089)
f2,21M
€454)
115.147)
Net pension WAY
229.384 190,805
54.023
13.975
488.188
Prep ad toms
131
131
131
131
524
Taal Noncurrent Liabilities
2 -095.910 1.786247
5.!86055
13976
9,783.188
Warred Pensnn resources
'
23,:35
22181
9,929
2686
58.331
Taal babties
2;592:050 1860 412
6386,594
25,015
10.864.571
naetse decrease; n hatlidife1efarred of-s of rescurces
1 Accounts and wrtracte payabls
14,679
(6.956)
(12.566)
(3244)
f7.5s9)
Daarced rufous of Resources
Duamathargoremments
3,?57
(5.M )
-
_
(2.0861
Maned pension resources
4 .352 3.576
1,085
276
9289
Nat pensan6abdty
111723
3 §,676
2u,635
5.205
227.444
Net Potation
Accrued sateres payable
11,25
(1,23 ?)
(766)
{ass)
(3719)
Net imnestmem in capital assets
6.157.685 1.771770
3. 5777c
11,787,231
Deferred person rescurces
(103 -isa)
(68869)
(29164)
(7669)
(229,675)
Unrestricted
1,420.362 1:863,819
1302.363
367.704
5.154.348
NU tech Provided (Usao'r
Taal Not Position
8 7518047 5 3635,589
S 5.360339
_S 367.704
$ 169 #1,579
eyOWeling A(2,ous
Nencesh Capital end
5 101,648 5 11728971 4
168693
S 22.673
S 129,427
Statement OfRevertues, Expenses and
r Rested Financing ArhAft
Changes in Net position
Cuountuocnotereatshomalherfrod.
Capttlassets purchased on acco4m
s 4,52& S
3 1315 5
5
?4,G05 5
38{729
733.759
a
S
3 36425
S 719 U11
Propdetary Funds
For the Year Ended December 31, 2022
Supplementary Information
Summary Financial Report
Business -type Activities - Enterprise Funds
Revenues and Expenditures For General Operations
Stombeater
Gioom mental Funds
Management N9mtslor
For the Years Ended December 31, H22 and 2021
Water SBwer
LRilty RetyCing
Totals
Percent
;Operating Revenues
Total
Increase
Chaigesforserdces
5 821.953 S 1,286,435 $
487.463 S
174.126 5
2769,977
Revenues
2022
2021
(Decrease)
Intergovernmental
4,827
15.727
20,554
Taxes
S 6,399,986
S
6.223,993
2.83 %
Total Operating Revenues
826,780 12X435
487463
169853
2.790,531
Franchise fees
-
319,409
(10000)
:Operating Expenses
Licenses and permits
361,873
556,916
(35.02)
Personal services
324,866 267 -761
71.870
20,633
685,130
Intergo emmental
Charges for services
241.105
121.668
434,679
195,427
(44.53)
(37:73}
Supplies
20577 1457
2730
1.540
28,304
Fines andfodertures
68,409
36978
20.06
Repairs and maintenance
11,905 5.260
71,248
-
88,413
Special assessments
6,675
6.432
3,79
Depreciation
357570 111381
86,559
-
555,410
Interest on-estmants
60,415
(1,749)
N.rA
Professional services
20.000 26,792
59.127
105.919
MiscaOaneous
Total Revenues
1,240 121
5 8.500 272
5
1,178,386
8.970;177
5.24
(5,241%
Contracted services
106,707 30,259
1,670
126.270
264,906
Per capita
T-1 Qa6
S
1.146
J5 241 %
Water purchases
48.799 -
-
48,799
Expenditures
Unties
94;105 143$3
108,488
current
Disposal charges
- 1,070,850
-
-
1070850
General itmonmem
S 1,704,766
If
1.641.103
3.88 %
Other
95411 1685
4448
14,143
124687
Public safety
Public works
2..046942
1.202,259
1950567
1.072.369
494
12.11
Total Operating Expenses
1.079.940 1,540728
297,652
162.586
3060,906
Culture andmcreation
422,336
382,186
1050
Opleating income (Least
(253,160) (254293)
189.61
27,267
(290,3751
Capnat wife;
:NOnOperatlrig Revenues (Expenses)
Generalgouemment
4,630
-
10000
Public safety
469705
474,660
(1.021
Special assessments
6-667
-
-
6.687
Public works
$049523
4,634,027
(55:77)
rnefest loss) oninvestments
43.689 (,23,42)
39521
J3561
36639
Culture and .Creation
233 -956
362,646
{35.393
Franchise fees
-
372.102
-
322102
Economic development
210,209
246,166
(14.61)
Mlscellanerrus
2,802 2034
234
61
5
Deal vCe
interest expense
(19,491) (9,231)
(52440)
-
,131
(81,162)
Princci pal
Interest and seplce charges
1696 coo
165,$32
955.000
148,034
?7.49
12.02
Bond issuance costs
(122301 (14 6761
(22;0141
-
(48,920)
Total Expenditures
S 10,2 ^05.158
5 11.866,660
jM.00) %
TOt61N0n9pea(ing
Per Capita
5 304
5
1,516
(14.001%
Revenues( Expenses)
21,457 (24;61(}
243930
2951
240,477
Total Long -term Indebtedness
$ 10 ,425MO
S
8,585,000
2143 %
.Income (Loss) Before Contriiutions
Per Capita
S 1332
3
1,097
2143
General Fund Balance - December 31
S 5.637560
5
5648.836
(1.97) %
I and Transfers
(231703) (278,908)
433,741
26,912
(49,698
PerCa to
M
5 707
S
722
(1.97)
Capital Contflb6 ns
75,000 2.400
-
77,400
The purpose of Ovs report is to provide a summary of financial information —ruing the City of Shomiucod
to interested citizens The
Captal C9atr oution5 From Other Funds
4,528
364,728
369,256
complete financial statements nay be examined st City
Nall 5755 Country Club Road Shorewood.
Minnesota 55331 Questions about
!Transfers Out
(12,500) (12,500)
(25.0001
this report should be directed to iha City of Shorewood at 952460 -7900.
Change m Net Position
(164,675) (289 0081
798469
26,972
371,758
!Net Position. Januar;1
7.742722 3.924 597
4 561,770
340 732
16569 821
7s/ Sandie Thone, City Clerk
Published in the Laker Pioneer
Net Position, December3l
S 7 518,047 S 3,635 569 S
5 360239 €
367.704 S 16,411.575
July 1, 2023
1324410