2022 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

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

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

$

382,364

$ (554,843)

$

(18,761)

$ (191,240)

$ 1,392,254

933,171 32,192

1,001,853

117,111

2,052,135

2,161,806

Pension Expense

20,946

-

53,138

-

Changes in:

Accounts Receivable

45,000 (8,599) 35,934 (84,855)

(1,376) 19,031

32,943

76,567 10,432 35,211

4,605

Due from Other Governments

- - - - - - - -

- - -

Special Assessments

(723)

Due to Other Governments Accounts and Contracts Payable

4,983

(79,872) 270,234

294,110

(23,876)

(32,967)

Inventory

(18)

(196)

(214)

-

Prepaid Expenses

-

-

-

1,843

Compensated Absences Payable

4,438 3,451

4,628 3,451

9,066 6,902

(66,094)

Net OPEB Obligation

-

Total Adjustments

1,254,824

1,028,721

150,054

2,433,599

2,069,193

Net Cash Flows - Operating Activities

$ 1,637,188

$

473,878

$

131,293

$ 2,242,359

$ 3,461,447

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

$ 1,426,217

$ 1,439,351

$

- - -

$ 2,865,568

$

261,262

1,255,659

7,735

Transfer of Capital Assets

290,566

965,093

Book Value of Capital Asset Trade-Ins

-

9,163

9,163

215,742

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

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