2021 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS For the Year Ended December 31, 2021

Business-Type Activities - Enterprise Funds

Governmental Activities - Internal Service Funds

Storm Drainage

Sewer

Refuse

Total

CASH FLOWS - OPERATING ACTIVITIES Receipts from Customers and Users

4,416,748 $

1,520,165 $

$

133,211

6,070,124 $

4,557,054 $

Receipts from Interfund Services

-

-

- - -

-

130,720

Payments to Suppliers Payments to Employees

(3,051,244) (370,324)

(344,206) (597,648)

(3,395,450) (967,972)

(1,273,863)

-

Net Cash Flows - Operating Activities

995,180

578,311

133,211

1,706,702

3,413,911

CASH FLOWS - NONCAPITAL FINANCING ACTIVITIES

Payment Received (Paid) on Interfund Loan

106,704 22,593

(3,743)

(106,704)

(3,743) 22,593 (22,593) (4,268)

(60,000)

Receipts from Interfund Services Payments for Interfund Services

- - - -

-

- -

- - -

(22,593) (4,268)

Interest Expense on Interfund Loan Repayment

(16,500) 142,519

Insurance Dividends

- - -

-

Transfer from Other Funds Transfer to Other Funds

7,100

10,800

17,900

- -

(125,000)

(125,000)

(250,000)

Net Cash Flows - Noncapital Financing Activities

11,397

(117,943)

(133,565)

(240,111)

66,019

CASH FLOWS - CAPITAL AND RELATED FINANCING ACTIVITIES Trunk Charges

434,924 32,627

670,241

- - - - -

1,105,165

- -

- -

Capital Related Special Assessments

32,627

Donations

- -

-

100,000 79,777

3,225

3,225

Proceeds from Disposal of Capital Assets

Acquisition of Capital Assets

(461,637)

(1,934,057)

(2,395,694)

(2,413,969)

Net Cash Flows - Capital and Related Financing Activities

5,914

(1,260,591)

-

(1,254,677)

(2,234,192)

CASH FLOWS - INVESTING ACTIVITIES Interest Received (Loss)

(63,259)

(35,210)

354

(98,115)

(156,284)

Net Cash Flows - Investing Activities

(63,259)

(35,210)

354

(98,115)

(156,284)

Net Change in Cash and Cash Equivalents

949,232

(835,433)

-

113,799

1,089,454

CASH AND CASH EQUIVALENTS Beginning of Year

7,673,095

11,886,574

-

19,559,669

17,832,187

End of Year

8,622,327 $

11,051,141 $

$

-

19,673,468 $

18,921,641 $

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

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