2021 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS (Continued) For the Year Ended December 31, 202 1

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

$

(64,877)

$

(591,624)

$

14,129

$

(642,372)

1,226,808 $

955,710 (28,709) (45,000) 58,858 25,541 76,809

938,142

117,111

2,010,963

2,069,986

Pension Expense

(1,506)

-

(30,215)

-

Changes in:

Accounts Receivable

4,293

1,971

(38,736) 277,695

(4,396)

Due from Other Governments

218,837

- - - - - - - -

- - -

836

26,377 74,468 9,137

Special Assessments

Due to Other Governments Accounts and Contracts Payable

(2,341)

9,555

(418)

(1,168)

778

778

-

Inventory

- -

Prepaid Expenses

-

-

(8,039)

Compensated Absences Payable

1,016 6,277

5,037 6,277

6,053

130,720

Net OPEB Obligation

12,554

-

Total Adjustments

1,060,057

1,169,935

119,082

2,349,074

2,187,103

Net Cash Flows - Operating Activities

$

995,180

$

578,311

$

133,211

1,706,702 $

3,413,911 $

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

$

6,861,957 $

$

-

2,896,999 $

3,964,958 $

- - -

Transfer of Capital Assets

- -

117,903

117,903 63,265

184,988 109,203

63,265

Book Value of Capital Asset Trade-Ins

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

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