2023 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS

For the Year Ended December 31, 2023

Business-Type Activities - Enterprise Funds

Governmental Activities - Internal Service Funds

Storm Drainage

Sewer

Refuse

Total

CASH FLOWS - OPERATING ACTIVITIES Receipts from Customers and Users

$ 5,069,563

$ 1,457,505

$

90,000

$ 6,617,068

$ 5,172,749

Payments to Suppliers Receipts from Suppliers Payments to Employees

(3,091,306)

(352,864)

- - -

(3,444,170)

(1,516,586) 1,033,825

-

-

-

(505,967)

(620,337)

(1,126,304)

(35,682)

Net Cash Flows - Operating Activities

1,472,290

484,304

90,000

2,046,594

4,654,306

CASH FLOWS - NONCAPITAL FINANCING ACTIVITIES Grants for Operating Purposes Receipts from Interfund Services Payments for Interfund Services Interest Paid on Interfund Loan

Payment Received (Paid) on Interfund Loan

106,704

234,119 81,409

(106,704)

234,119 81,409 15,653 (15,653)

(60,000)

- -

-

- - -

- - - - -

15,653

(15,653)

-

- - -

(2,134)

(2,134)

(13,750)

Insurance Dividends

- - -

- -

27,053

Transfer from Other Funds Transfer to Other Funds

2,940,128 (280,000)

(200,000)

(200,000)

(400,000)

Net Cash Flows - Noncapital Financing Activities

(108,949)

115,528

(93,185)

(86,606)

2,613,431

CASH FLOWS - CAPITAL AND RELATED FINANCING ACTIVITIES Trunk Charges

- -

211,540 21,965

497,509

- - - - -

709,049 21,965

- -

Capital Related Special Assessments

-

-

(78,637) 901,783

Acquisition of SBITAs

2,394,075 (3,899,943)

67,000

2,461,075 (4,260,746)

Proceeds from Disposal of Capital Assets

Acquisition of Capital Assets

(360,803)

(4,138,686)

Net Cash Flows - Capital and Related Financing Activities

(1,272,363)

203,706

-

(1,068,657)

(3,315,540)

CASH FLOWS - INVESTING ACTIVITIES Interest Received (Loss)

191,039

636,057

325

827,421

1,048,913

Net Cash Flows - Investing Activities

191,039

636,057

325

827,421

1,048,913

Net Change in Cash and Cash Equivalents

282,017

1,439,595

(2,860)

1,718,752

5,001,110

CASH AND CASH EQUIVALENTS Beginning of Year

6,187,114

10,683,309

2,860

16,873,283

20,559,352

End of Year

$ 6,469,131

$ 12,122,904

$

-

$ 18,592,035

$ 25,560,462

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

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