2019 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE

STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS For the Year Ended December 31, 2019

Business-Type Activities - Enterprise Funds

Governmental Activities - Internal Service Funds

Storm Drainage

Sewer

Refuse

Total

CASH FLOWS - OPERATING ACTIVITIES Receipts from Customers and Users

4,217,777 $

1,311,120 $

$

127,406

5,656,303 $

3,777,954 $

Payments to Suppliers Payments to Employees

(2,815,973) (338,598)

(275,107) (586,450)

- -

(3,091,080) (925,048)

(1,447,038) (121,579)

Net Cash Flows - Operating Activities

1,063,206

449,563

127,406

1,640,175

2,209,337

CASH FLOWS - NONCAPITAL FINANCING ACTIVITIES

Payment Received (Paid) on Interfund Loan

106,703 11,250

110,000

(106,703)

110,000 11,250 (11,250)

(60,000)

Receipts from Interfund Services Payments for Interfund Services

- - - - -

-

55,000

- - - -

(11,250) (6,402)

-

Interest Expense on Interfund Loan Repayment

(6,402)

(19,250)

Insurance Dividends

- - -

- -

24,282

Transfer from Other Funds Transfer to Other Funds

2,084,504 (2,434,504)

(125,000)

(125,000)

(250,000)

Net Cash Flows - Noncapital Financing Activities

(7,047)

(15,000)

(124,355)

(146,402)

(349,968)

CASH FLOWS - CAPITAL AND RELATED FINANCING ACTIVITIES Trunk Charges

201,810 53,622

799,313

- - - - - -

1,001,123 53,622 168,203

- - -

-

Capital Related Special Assessments

Capital Grant

- -

168,203

Donations

-

-

5,000

18,000

137,560

155,560

285,867

Proceeds from Disposal of Capital Assets

Acquisition of Capital Assets

(1,638,555)

(777,928)

(2,416,483)

(666,816)

Net Cash Flows - Capital and Related Financing Activities

(1,365,123)

327,148

-

(1,037,975)

(375,949)

CASH FLOWS - INVESTING ACTIVITIES Interest Received

319,115

514,100

(3,051)

830,164

516,604

Net Cash Flows - Investing Activities

319,115

514,100

(3,051)

830,164

516,604

Net Change in Cash and Cash Equivalents

10,151

1,275,811

-

1,285,962

2,000,024

CASH AND CASH EQUIVALENTS Beginning of Year

8,139,159

13,029,404

-

21,168,563

12,631,283

End of Year

8,149,310 $

14,305,215 $

$

-

22,454,525 $

14,631,307 $

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

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