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CITY OF LITTLE CANADA, MINNESOTA
<br />STATEMENT OF CASH FLOWS
<br />PROPRIETARY FUNDS
<br />YEAR ENDED DECEMBER 31, 2015
<br />WITH COMPARATIVE TOTALS FOR YEAR ENDED DECEMBER 31, 2014
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<br />See accompanying Notes to Basic Financial Statements.
<br />(35)
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<br />2014
<br />Water Sewer Total Total
<br />CASH FLOWS FROM OPERATING ACTIVITIES
<br />Cash Receipts from Customers 1,459,744$ 1,264,499$ 2,724,243$ 2,828,373$
<br />Cash Paid to Suppliers (906,347) (1,006,965) (1,913,312) (1,502,462)
<br />Cash Paid to Employees (288,043) (298,308) (586,351) (582,170)
<br />Net Cash Provided (Used) by Operating Activities 265,354 (40,774) 224,580 743,741
<br />CASH FLOWS FROM NONCAPITAL AND RELATED
<br /> FINANCING ACTIVITIES
<br />Transfers to/from Other Funds (200,000) (100,000) (300,000) (300,000)
<br />Miscellaneous Nonoperating Receipts 2,666 3,521 6,187 4,852
<br />Net Cash Used by Noncapital and
<br /> Related Financing Activities (197,334) (96,479) (293,813) (295,148)
<br />CASH FLOWS FROM CAPITAL AND RELATED
<br /> FINANCING ACTIVITIES
<br />Acquisition of Capital Assets - - - (940)
<br />Rent Proceeds 63,720 - 63,720 57,808
<br />Net Cash Provided by Capital and
<br /> Related Financing Activities 63,720 - 63,720 56,868
<br />CASH FLOWS FROM INVESTING ACTIVITIES
<br />Interest Received on Investments 8,794 16,620 25,414 40,058
<br />NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 140,534 (120,633) 19,901 545,519
<br />Cash and Cash Equivalents - Beginning of the Year 341,375 943,915 1,285,290 739,771
<br />CASH AND CASH EQUIVALENTS - END OF THE YEAR 481,909$ 823,282$ 1,305,191$ 1,285,290$
<br />RECONCILIATION OF OPERATING INCOME (LOSS) TO NET
<br /> CASH PROVIDED (USED) BY OPERATING ACTIVITIES
<br />Operating Income (Loss) 20,393$ 9,644$ 30,037$ (130,552)$
<br />Adjustments to Operating Income (Loss) to Net Cash
<br /> Provided (Used) by Operating Activities:
<br />Depreciation 249,611 146,664 396,275 394,941
<br />Change in Assets, Deferred Outflows of Resources,
<br /> Liabilities, and Deferred Inflows of Resources:
<br />(Increase) Decrease in:
<br />Accounts Receivable (3,994) (11,505) (15,499) 123,981
<br />Prepaid Items (305) (5,000) (5,305) (11,243)
<br />Due from Other Governmental Units 5,156 5,444 10,600 10,847
<br />Deferred Outflows of Resources - Pensions (26,898) (27,606) (54,504) -
<br />Increase (Decrease) in:
<br />Accounts Payable 6,029 - 6,029 (8,456)
<br />Accrued Salaries Payable 461 473 934 (4,341)
<br />Due to Other Governmental Units (22,886) (194,045) (216,931) 355,860
<br />Unearned Revenue 3,540 - 3,540 -
<br />Compensated Absences Payable 2,868 2,952 5,820 12,704
<br />Net Pension Laibility 7,633 7,834 15,467 -
<br />Deferred Inflows of Resources - Pensions 23,746 24,371 48,117 -
<br />Net Cash Provided (Used) by Operating Activities 265,354$ (40,774)$ 224,580$ 743,741$
<br />NONCASH TRANSACTIONS
<br />Capital Contribution from Governmental Activities 34,825$ 66,604$ 101,429$ 324,720$
<br />Business-Type Activities - Enterprise Funds
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