2020 Comprehensive Annual Financial Report

CITY OF SHAKOPEE

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

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

$

(476,843)

$

(438,138)

$

22,395

$

(892,586)

$

850,036

926,868

954,700 (43,147)

117,431

1,998,999

2,001,569

9,347

-

(33,800)

-

Pension Expense

Changes in:

Accounts Receivable

3,000

(3,088) (30,227)

1,550

1,462

(1,067)

Due from Other Governments

(30,095)

- - - - - - - -

(60,322) 24,499 (8,675) (301,989)

- - -

Special Assessments

24,892

(393)

Due to Other Governments

(12,861) (234,086)

4,186

Accounts and Contracts Payable

(67,903)

(30,923)

Inventory

(89)

921 679

832

-

Prepaid Expenses

679

1,358 4,820 3,150

(2,178)

Compensated Absences Payable

(4,309)

9,129 1,575

434,293

Net OPEB Obligation

1,575

-

Total Adjustments

684,921

826,432

118,981

1,630,334

2,401,694

Net Cash Flows - Operating Activities

$

208,078

$

388,294

$

141,376

$

737,748

3,251,730 $

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

$

537,337

$

336,899

$

- -

$

874,236

$

- -

Transfer of Capital Assets

-

3,863,290

3,863,290

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

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