2020 Comprehensive Annual Financial Report

CITY OF SHAKOPEE

STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS For the Year Ended December 31, 2020

Business-Type Activities - Enterprise Funds

Governmental Activities - Internal Service Funds

Storm Drainage

Sewer

Refuse

Total

CASH FLOWS - OPERATING ACTIVITIES Receipts from Customers and Users

4,054,511 $

1,303,986 $

$

141,376

5,499,873 $

4,402,420 $

Receipts from Interfund Services

-

-

- - -

-

434,293

Payments to Suppliers Payments to Employees

(3,459,801) (386,632)

(372,659) (543,033)

(3,832,460) (929,665)

(1,584,983)

-

Net Cash Flows - Operating Activities

208,078

388,294

141,376

737,748

3,251,730

CASH FLOWS - NONCAPITAL FINANCING ACTIVITIES

Payment Received (Paid) on Interfund Loan

106,703 28,105

(1,998,954)

(106,703)

(1,998,954)

881,394

Receipts from Interfund Services Payments for Interfund Services

- - - -

-

28,105

- -

- - -

(28,105) (5,335)

(28,105) (5,335)

Interest Expense on Interfund Loan Repayment

(17,875)

Insurance Dividends Transfer to Other Funds

- -

-

54,741

(125,000)

(125,000)

(250,000)

(300,000)

Net Cash Flows - Noncapital Financing Activities

9,808

(2,123,954)

(140,143)

(2,254,289)

618,260

CASH FLOWS - CAPITAL AND RELATED FINANCING ACTIVITIES Trunk Charges

104,814 33,421

305,183

- - - - - -

409,997 33,421 184,946

- -

Capital Related Special Assessments

-

Capital Grant

5,237

179,709

110,847 50,000 235,129

Donations

- -

-

-

Proceeds from Disposal of Capital Assets

63,289

63,289

Acquisition of Capital Assets

(1,075,877)

(1,663,977)

(2,739,854)

(1,594,274)

Net Cash Flows - Capital and Related Financing Activities

(932,405)

(1,115,796)

-

(2,048,201)

(1,198,298)

CASH FLOWS - INVESTING ACTIVITIES Interest Received

238,304

432,815

(1,233)

669,886

529,188

Net Cash Flows - Investing Activities

238,304

432,815

(1,233)

669,886

529,188

(476,215)

(2,418,641)

-

(2,894,856)

3,200,880

Net Change in Cash and Cash Equivalents

CASH AND CASH EQUIVALENTS Beginning of Year

8,149,310

14,305,215

-

22,454,525

14,631,307

7,673,095 $

11,886,574 $

$

-

19,559,669 $

17,832,187 $

End of Year

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

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