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CITY OF LITTLE CANADA, MINNESOTA
<br />STATEMENT OF CASH FLOWS
<br />PROPRIETARY FUNDS
<br />YEAR ENDED DECEMBER 31, 2018
<br />WITH COMPARATIVE TOTALS FOR YEAR ENDED DECEMBER 31, 2017
<br />
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<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(35)
<br />
<br />2017
<br />Water Sewer Total Total
<br />CASH FLOWS FROM OPERATING ACTIVITIES
<br />Cash Receipts from Customers 1,600,759$ 1,446,786$ 3,047,545$ 2,862,070$
<br />Cash Paid to Suppliers (1,013,973) (964,815) (1,978,788) (1,983,815)
<br />Cash Paid to Employees (310,442) (317,531) (627,973) (602,579)
<br />Net Cash Provided by Operating Activities 276,344 164,440 440,784 275,676
<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 (10,961) - (10,961) (12,074)
<br />Rent Proceeds 75,726 - 75,726 72,814
<br />Net Cash Provided by Capital and
<br /> Related Financing Activities 64,765 - 64,765 60,740
<br />CASH FLOWS FROM INVESTING ACTIVITIES
<br />Interest Received on Investments 8,611 13,129 21,740 27,547
<br />NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 149,720 77,569 227,289 63,963
<br />Cash and Cash Equivalents - Beginning of the Year 486,933 768,374 1,255,307 1,191,344
<br />CASH AND CASH EQUIVALENTS - END OF THE YEAR 636,653$ 845,943$ 1,482,596$ 1,255,307$
<br />RECONCILIATION OF OPERATING LOSS TO NET CASH
<br /> PROVIDED BY OPERATING ACTIVITIES
<br />Operating Loss (8,296)$ (51,590)$ (59,886)$ (126,169)$
<br />Adjustments to Operating Loss to Net Cash
<br /> Provided by Operating Activities:
<br />Depreciation 250,636 175,398 426,034 412,851
<br />Miscellaneous Revenue 4,720 4,336 9,056 6,863
<br />Change in Assets, Deferred Outflows of Resources,
<br /> Liabilities, and Deferred Inflows of Resources:
<br />(Increase) Decrease in:
<br />Accounts Receivable 29,343 9,050 38,393 (88,627)
<br />Prepaid Items (90) 6,177 6,087 (2,324)
<br />Due from Other Governmental Units 699 4,577 5,276 3,699
<br />Deferred Outflows of Resources - Pensions 15,354 15,780 31,134 90,061
<br />Increase (Decrease) in:
<br />Accounts Payable (5,709) - (5,709) (10,121)
<br />Due to Other Governmental Units (594) 11,002 10,408 (13,543)
<br />Compensated Absences Payable (9,981) (10,273) (20,254) 1,088
<br />Net Pension Liability (6,237) (6,615) (12,852) (37,302)
<br />Deferred Inflows of Resources - Pensions 6,499 6,598 13,097 39,200
<br />Net Cash Provided by Operating Activities 276,344$ 164,440$ 440,784$ 275,676$
<br />NONCASH TRANSACTIONS
<br />Capital Contribution from Governmental Activities 24,430$ 16,310$ 40,740$ 38,700$
<br />Business-Type Activities - Enterprise Funds
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