2025 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS (Continued)

For the Year Ended December 31, 2025

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:

$ (142,684)

$ (1,065,628)

$

90,000

$ (1,118,312)

$ 1,344,016

Depreciation/Amortization Expense

1,100,571

1,236,227

- -

2,336,798

2,531,662

Pension Expense

(12,961)

(60,258)

(73,219)

-

Changes in:

Accounts Receivable

(21,253) (42,083)

(211,454) (153,507)

- - - - - - - - - -

(232,707) (195,590)

38,502

Due from Other Governments

(49,313)

Special Assessments

91,971

(256) (104)

91,715

-

Due to Other Governments

(119,514) (20,240)

(119,618)

3,711

Accounts and Contracts Payable

28,270

8,030

(81,775)

Inventory

(24)

215

191

-

Prepaid Expenses

-

-

-

2,892

Compensated Absences Payable

28,851

9,127 1,815

37,978

355,349

Net OPEB Obligation

1,815

3,630

-

Total Adjustments

1,007,133

850,075

1,857,208

2,801,028

Net Cash Flows - Operating Activities

$

864,449

$ (215,553)

$

90,000

$

738,896

$ 4,145,044

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

$ 3,531,838

$ 4,933,289

$

- - - - -

$ 8,465,127

$

-

Transfer of Capital Assets

557,920 (147,266)

372,808

930,728 (503,944)

147,608 (782,092) 228,631 (228,631)

Acquisition of Capital Assets on Account Issuance of SBITA Right-to-use Assets

(356,678)

- -

31,821

31,821

Issuance of SBITA Liability

(31,821)

(31,821)

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

43