2019 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE

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

Business-Type Activities - Enterprise Funds

Governmental Activities - Internal Service Funds

Storm Drainage

Sewer

Refuse

Total

RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH FLOWS - OPERATING ACTIVITIES Operating Income (Loss) Adjustments to Reconcile Operating Income (Loss) to Net Cash Flows - Operating Activities: Depreciation Expense

$

5,764

$

(502,169)

$

20,713

$

(475,692)

$

180,120

874,611

885,285 16,778

117,111

1,877,007

2,020,442

Pension Expense

(3,115)

-

13,663

-

Changes in:

Accounts Receivable

(1,746) (45,741) 43,028 57,962

2,775 4,354

(10,418)

(9,389) (41,387) 42,281 60,619

6,704

Due from Other Governments

- - - - - - - -

- - -

Special Assessments

(747)

Due to Other Governments Accounts and Contracts Payable

2,657 54,375 1,345

131,313

185,688

(67,355)

Inventory

79

1,424

-

Prepaid Expenses

(6)

(6)

(12)

(25,513)

Compensated Absences Payable

(1,398)

(17,539)

(18,937)

94,939

Net OPEB Obligation

2,455

2,455

4,910

-

Total Adjustments

1,057,442

951,732

106,693

2,115,867

2,029,217

Net Cash Flows - Operating Activities

1,063,206 $

$

449,563

$

127,406

1,640,175 $

2,209,337 $

NONCASH INVESTING, CAPITAL AND FINANCING ACTIVITIES Contributions of Capital Assets from Developers

1,448,649 $

2,542,286 $

$ $

- -

3,990,935 $

$ $

162,455

$

467,465

-

Transfer of Capital Assets

$

3,832

463,633

$

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

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