2024 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS (Continued)

For the Year Ended December 31, 2024

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:

$

738,661

$ (788,669)

$

90,000

$

39,992

$ 1,299,956

Depreciation/Amortization Expense

1,009,506

1,180,118

- -

2,189,624

2,418,261

Pension Expense

(65,413)

3,162

(62,251)

-

Changes in:

Accounts Receivable

(3,299) 24,473

35

- - - - - - - - - -

(3,264) 49,325

(37,794)

Due from Other Governments

24,852

- -

Special Assessments

(850,412)

4,722 2,906

(845,690)

Due to Other Governments

79,034

81,940

258

Accounts and Contracts Payable

(302,153)

63,589

(238,564)

(1,084,764)

Inventory

106

(176)

(70)

-

Prepaid Expenses

-

-

-

50,395 662,730

Compensated Absences Payable

6,249

121

6,370

Net OPEB Obligation

(2,813)

(2,813)

(5,626)

-

Total Adjustments

(104,722)

1,276,516

1,171,794

2,009,086

Net Cash Flows - Operating Activities

$

633,939

$

487,847

$

90,000

$ 1,211,786

$ 3,309,042

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

$ 1,968,366

$ 2,976,684

$

- - - - - - -

$ 4,945,050

$

-

Transfer of Capital Assets Transfer of Lease Assets Transfer of SBITA Assets

(8,751)

(144,213)

(152,964)

260,280 (7,022) (10,000) 805,724 365,720 (365,720)

- -

- -

- -

Acquisition of Capital Assets on Account Issuance of SBITA Right-to-use Assets

156,457

373,562

530,019

- -

- -

- -

Issuance of SBITA Liability

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

45