2018 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE

STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS (Continued) For the Year Ended December 31, 2018

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

$

(319,593)

$

(480,630)

$

(12,472)

$

(812,695)

$

336,397

843,514 (23,565)

851,443

117,110

1,812,067

1,993,950

Pension Expense

7,231

-

(16,334)

-

Changes in:

Accounts Receivable

1,731

11,216 25,824

1,452

14,399 20,352 32,266 27,963 38,830

1,459

Due from Other Governments

(5,472) 32,174 21,956 83,047

- - - - - - - -

- - -

Special Assessments

92

Due to Other Governments Accounts and Contracts Payable

6,007

(44,217)

(66,741)

Inventory

-

301

301

-

Prepaid Expenses

(673)

(673)

(1,346)

(45,175) 132,381

Compensated Absences Payable

1,368 5,904

1,520 5,904

2,888

Net OPEB Obligation

11,808

-

Total Adjustments

959,984

864,648

118,562

1,943,194

2,015,874

Net Cash Flows - Operating Activities

$

640,391

$

384,018

$

106,090

1,130,499 $

2,352,271 $

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

1,416,506 $

2,156,950 $

$

-

3,573,456 $

$

-

41

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