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CITY OF LITTLE CANADA, MINNESOTA
<br />STATEMENT OF CASH FLOWS
<br />PROPRIETARY FUNDS
<br />December 31, 2019
<br />With Comparative Data as of December 31, 2018
<br />Water Sewer
<br />(601)(602)2019 2018
<br />Cash flows from operating activities:
<br /> Receipts from customers and users 1,518,894$ 1,429,032$ 2,947,926$ 3,047,545$
<br /> Payment to suppliers (1,017,487) (904,350) (1,921,837) (1,978,788)
<br /> Payment to employees (301,310) (308,053) (609,363) (627,973)
<br /> Miscellaneous revenue 1,759 688 2,447 -
<br /> Net cash flows from operating activities 201,856 217,317 419,173 440,784
<br />Cash flows from noncapital financing activities:
<br /> Transfers out (200,000) (100,000) (300,000) (300,000)
<br />Cash flows from capital and related
<br /> financing activities:
<br /> Acquisition of capital assets (5,290) - (5,290) (10,961)
<br /> Rent proceeds 78,755 - 78,755 75,726
<br /> Net cash flows from capital
<br /> and related financing activities 73,465 - 73,465 64,765
<br />Cash flows from investing activities:
<br /> Investment earnings 23,801 31,238 55,039 21,740
<br /> Net increase (decrease) in cash and cash equivalents 99,122 148,555 247,677 227,289
<br /> Cash and cash equivalents - January 1 636,653 845,943 1,482,596 1,255,307
<br /> Cash and cash equivalents - December 31 735,775$ 994,498$ 1,730,273$ 1,482,596$
<br />Reconciliation of operating income/(loss) to net cash
<br /> from operating activities:
<br /> Operating income (loss) (19,128)$ 142,125$ 122,997$ (59,886)$
<br /> Adjustments to reconcile operating income (loss)
<br /> to net cash flows from operating activities:
<br /> Depreciation 252,268 133,368 385,636 426,034
<br /> Miscellaneous revenue 1,759 688 2,447 9,056
<br /> Change in assets, deferred outflows of resources,
<br /> liabilities, and deferred inflows of resources:
<br /> (Increase) decrease in:
<br /> Accounts receivable (28,184) (32,485) (60,669) 38,393
<br /> Prepaid items 850 (8,481) (7,631) 11,363
<br /> Deferred outflows related to pension 22,704 23,280 45,984 31,134
<br /> Increase (decrease) in:
<br /> Payables 17,337 6,098 23,435 (15,555)
<br /> Net pension liability (33,521) (34,663) (68,184) (12,852)
<br /> Deferred inflows related to pension (12,229) (12,613) (24,842) 13,097
<br /> Total adjustments 220,984 75,192 296,176 500,670
<br /> Net cash flows from operating activities 201,856$ 217,317$ 419,173$ 440,784$
<br />Noncash investing, capital and financing activities:
<br /> Capital asset contributions from governmental activities 32,037$ 456,650$ 488,687$ 40,740$
<br />TotalsBusiness-Type Activities
<br />The accompanying notes are an integral part of these financial statements.
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