2022 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS For the Year Ended December 31, 2022

Business-Type Activities - Enterprise Funds

Governmental Activities - Internal Service Funds

Storm Drainage

Sewer

Refuse

Total

CASH FLOWS - OPERATING ACTIVITIES Receipts from Customers and Users

$ 4,853,573

$ 1,420,455

$

131,293

$ 6,405,321

$ 5,034,375

Payments to Suppliers Payments to Employees

(2,818,876) (397,509)

(357,443) (589,134)

- -

(3,176,319) (986,643)

(1,506,834)

(66,094)

Net Cash Flows - Operating Activities

1,637,188

473,878

131,293

2,242,359

3,461,447

CASH FLOWS - NONCAPITAL FINANCING ACTIVITIES Grants for Operating Purposes Receipts from Interfund Services Payments for Interfund Services

Payment Received (Paid) on Interfund Loan

106,703

141,714

(106,703)

141,714

(60,000)

672

1,052

- -

1,724

- - -

18,324

- - - -

18,324

- - -

(18,324) (3,201)

(18,324) (3,201)

Interest Expense on Interfund Loan Repayment

(15,125)

Insurance Dividends Transfer to Other Funds

- -

-

92,325

(200,000)

(200,000)

(400,000)

-

Net Cash Flows - Noncapital Financing Activities

(74,301)

(57,234)

(128,228)

(259,763)

17,200

CASH FLOWS - CAPITAL AND RELATED FINANCING ACTIVITIES Trunk Charges

346,610 41,790

779,942

- - - - -

1,126,552

- -

-

Capital Related Special Assessments

41,790 61,000 222,711

309,642 24,960

Capital Grant

-

61,000 214,711

8,000

Proceeds from Disposal of Capital Assets

Acquisition of Capital Assets

(4,258,568)

(1,310,791)

(5,569,359)

(1,235,500)

Net Cash Flows - Capital and Related Financing Activities

(3,862,168)

(255,138)

-

(4,117,306)

(900,898)

CASH FLOWS - INVESTING ACTIVITIES Interest Received (Loss)

(135,932)

(529,338)

(205)

(665,475)

(940,038)

Net Cash Flows - Investing Activities

(135,932)

(529,338)

(205)

(665,475)

(940,038)

Net Change in Cash and Cash Equivalents

(2,435,213)

(367,832)

2,860

(2,800,185)

1,637,711

CASH AND CASH EQUIVALENTS Beginning of Year

8,622,327

11,051,141

-

19,673,468

18,921,641

End of Year

$ 6,187,114

$ 10,683,309

$

2,860

$ 16,873,283

$ 20,559,352

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

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