2023 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS (Continued)

For the Year Ended December 31, 2023

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

$

544,343

$ (683,880)

$

90,000

$

(49,537)

$ 1,487,004

976,276 64,052

1,143,079

- - - - - - - - - - - -

2,119,355

2,143,130

Pension Expense

18,715

82,767

-

Changes in:

Accounts Receivable

-

(738)

(738)

150

Due from Other Governments

43,693

4,780

48,473

- - -

Special Assessments

(120,301)

(3,792) (3,150) 20,776

(124,093) 69,848 (89,661)

Due to Other Governments Accounts and Contracts Payable

72,998

(110,437)

1,085,086

Inventory

(251)

332

81

-

Prepaid Expenses

-

-

-

(25,382) (35,682)

Compensated Absences Payable

4,058

(9,677) (2,141)

(5,619) (4,282)

Net OPEB Obligation

(2,141)

-

Total Adjustments

927,947

1,168,184

2,096,131

3,167,302

Net Cash Flows - Operating Activities

$ 1,472,290

$

484,304

$

90,000

$ 2,046,594

$ 4,654,306

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

$ 1,845,261

$

- - -

$ 4,132,260

$

93,467 (1,020) (40,000)

$ 2,286,999

Transfer of Capital Assets Transfer of Lease Assets

(499,550)

711,701

212,151

-

-

-

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

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