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CITY OF LITTLE CANADA, MINNESOTA
<br />STATEMENT OF CASH FLOWS
<br />PROPRIETARY FUNDS
<br />YEAR ENDED DECEMBER 31, 2017
<br />WITH COMPARATIVE TOTALS FOR YEAR ENDED DECEMBER 31, 2016
<br />
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(37)
<br />
<br />2016
<br />Water Sewer Total Total
<br />CASH FLOWS FROM OPERATING ACTIVITIES
<br />Cash Receipts from Customers 1,493,669$ 1,368,401$ 2,862,070$ 2,818,854$
<br />Cash Paid to Suppliers (1,052,402) (931,413) (1,983,815) (2,107,382)
<br />Cash Paid to Employees (296,490) (306,089) (602,579) (619,569)
<br />Net Cash Provided (Used) by Operating Activities 144,777 130,899 275,676 91,903
<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 />CASH FLOWS FROM CAPITAL AND RELATED
<br /> FINANCING ACTIVITIES
<br />Acquisition of Capital Assets (12,074) - (12,074) -
<br />Rent Proceeds 72,814 - 72,814 70,013
<br />Net Cash Provided by Capital and
<br /> Related Financing Activities 60,740 - 60,740 70,013
<br />CASH FLOWS FROM INVESTING ACTIVITIES
<br />Interest Received on Investments 10,873 16,674 27,547 24,237
<br />NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 16,390 47,573 63,963 (113,847)
<br />Cash and Cash Equivalents - Beginning of the Year 470,543 720,801 1,191,344 1,305,191
<br />CASH AND CASH EQUIVALENTS - END OF THE YEAR 486,933$ 768,374$ 1,255,307$ 1,191,344$
<br />RECONCILIATION OF OPERATING INCOME (LOSS) TO NET
<br /> CASH PROVIDED (USED) BY OPERATING ACTIVITIES
<br />Operating Income (Loss) (99,942)$ (26,227)$ (126,169)$ (96,892)$
<br />Adjustments to Operating Income (Loss) to Net Cash
<br /> Provided (Used) by Operating Activities:
<br />Depreciation 248,931 163,920 412,851 404,279
<br />Miscellaneous Revenue 1,977 4,886 6,863 7,815
<br />Change in Assets, Deferred Outflows of Resources,
<br /> Liabilities, and Deferred Inflows of Resources:
<br />(Increase) Decrease in:
<br />Accounts Receivable (37,030) (51,597) (88,627) (3,842)
<br />Prepaid Items 35 (2,359) (2,324) (4,957)
<br />Due from Other Governmental Units (3,256) 6,955 3,699 12,500
<br />Deferred Outflows of Resources - Pensions 44,403 45,658 90,061 (144,615)
<br />Increase (Decrease) in:
<br />Accounts Payable (10,121) - (10,121) (48,197)
<br />Accrued Salaries Payable - - - (8,153)
<br />Due to Other Governmental Units (1,894) (11,649) (13,543) (137,128)
<br />Unearned Revenue - - - (3,540)
<br />Compensated Absences Payable 544 544 1,088 4,448
<br />Net Pension Liability (18,251) (19,051) (37,302) 88,480
<br />Deferred Inflows of Resources - Pensions 19,381 19,819 39,200 21,705
<br />Net Cash Provided (Used) by Operating Activities 144,777$ 130,899$ 275,676$ 91,903$
<br />NONCASH TRANSACTIONS
<br />Capital Contribution from Governmental Activities 132,450$ 151,781$ 284,231$ 101,429$
<br />Business-Type Activities - Enterprise Funds
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