2018 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS For the Year Ended December 31, 2018

Business-Type Activities - Enterprise Funds

Governmental Activities - Internal Service Funds

Storm Drainage

Sewer

Refuse

Total

CASH FLOWS - OPERATING ACTIVITIES Receipts from Customers and Users

3,711,002 $

1,267,724 $

$

106,090

5,084,816 $

3,542,720 $

Receipts from Interfund Services

-

-

- - -

-

46,293

Payments to Suppliers Payments to Employees

(2,733,394) (337,217)

(366,377) (517,329)

(3,099,771) (854,546)

(1,236,742)

-

Net Cash Flows - Operating Activities

640,391

384,018

106,090

1,130,499

2,352,271

CASH FLOWS - NONCAPITAL FINANCING ACTIVITIES

Payment Received on Interfund Loan Receipts from Interfund Services Payments for Interfund Services

106,704

110,000

(106,704)

110,000

(60,000) 918,435

-

- - - -

9,200

9,200

(9,200)

-

(9,200) (7,469)

-

Interest Expense on Interfund Loan Repayment

- -

(7,469)

(20,625)

Insurance Dividends Transfer to Other Funds

- -

-

26,150

(311,480)

(125,000)

(436,480)

(470,000)

Net Cash Flows - Noncapital Financing Activities

(213,976)

(15,000)

(104,973)

(333,949)

393,960

CASH FLOWS - CAPITAL AND RELATED FINANCING ACTIVITIES Trunk Charges

144,219 57,287

452,545

- - - - - -

596,764 57,287

- - -

- - -

Capital Related Special Assessments

6,000

Capital Grant

6,000

Donations

-

-

5,000

27,304

74,780

102,084

195,403

Proceeds from Disposal of Capital Assets

Acquisition of Capital Assets

(1,000,565)

(433,237)

(1,433,802)

(1,486,330)

Net Cash Flows - Capital and Related Financing Activities

(765,755)

94,088

-

(671,667)

(1,285,927)

CASH FLOWS - INVESTING ACTIVITIES Interest Received

129,904

204,537

(1,117)

333,324

166,908

Net Cash Flows - Investing Activities

129,904

204,537

(1,117)

333,324

166,908

Net Change in Cash and Cash Equivalents

(209,436)

667,643

-

458,207

1,627,212

CASH AND CASH EQUIVALENTS Beginning of Year

8,348,595

12,361,761

-

20,710,356

11,004,071

End of Year

8,139,159 $

13,029,404 $

$

-

21,168,563 $

12,631,283 $

40

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