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CITY OF LITTLE CANADA, MINNESOTA
<br />STATEMENT OF CASH FLOWS
<br />PROPRIETARY FUNDS
<br />December 31, 2020
<br />With Comparative Data as of December 31, 2019
<br />Governmental
<br />Activities-
<br />Insurance
<br />Water Sewer Internal Service
<br />(601)(602)2020 2019 Fund (700)
<br />Cash flows from operating activities:
<br /> Receipts from customers and users 1,597,408$ 1,471,102$ 3,068,510$ 2,947,926$ -$
<br /> Receipts from interfund services provided - - - - 257,261
<br /> Payment to suppliers (1,083,196) (938,856) (2,022,052) (1,921,837) (240,839)
<br /> Payment to employees (341,904) (346,371) (688,275) (609,363)
<br /> Miscellaneous revenue 3,095 3,856 6,951 2,447
<br /> Net cash flows from operating activities 175,403 189,731 365,134 419,173 16,422
<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 (3,350) - (3,350) (5,290) -
<br /> Rent proceeds 81,905 - 81,905 78,755 -
<br /> Net cash flows from capital
<br /> and related financing activities 78,555 - 78,555 73,465 -
<br />Cash flows from investing activities:
<br /> Investment earnings 21,678 28,580 50,258 55,039 309
<br /> Net increase (decrease) in cash and cash equivalents 75,636 118,311 193,947 247,677 16,731
<br /> Cash and cash equivalents - January 1 735,775 994,498 1,730,273 1,482,596 -
<br /> Cash and cash equivalents - December 31 811,411$ 1,112,809$ 1,924,220$ 1,730,273$ 16,731$
<br />Reconciliation of operating income(loss) to net cash
<br /> from operating activities:
<br /> Operating income (loss) (47,409)$ (41,459)$ (88,868)$ 122,997$ 23,103$
<br /> Adjustments to reconcile operating income (loss)
<br /> to net cash flows from operating activities:
<br /> Depreciation 253,933 159,802 413,735 385,636 -
<br /> Miscellaneous revenue 3,095 3,856 6,951 2,447 -
<br /> Change in assets, deferred outflows of resources,
<br /> liabilities, and deferred inflows of resources:
<br /> (Increase) decrease in:
<br /> Accounts receivable (25,626) 9,369 (16,257) (60,669) -
<br /> Prepaid items 1,211 (2,732) (1,521) (7,631) (6,689)
<br /> Deferred outflows related to pension (11,110) (11,055) (22,165) 45,984 -
<br /> Increase (decrease) in:
<br /> Payables 3,654 76,882 80,536 23,435 8
<br /> Net pension liability 28,269 26,557 54,826 (68,184) -
<br /> Deferred inflows related to pension (30,614) (31,489) (62,103) (24,842) -
<br /> Total adjustments 222,812 231,190 454,002 296,176 (6,681)
<br /> Net cash flows from operating activities 175,403$ 189,731$ 365,134$ 419,173$ 16,422$
<br />Noncash investing, capital and financing activities:
<br /> Capital asset contributions from governmental activities 48,768$ 147,762$ 196,530$ 488,687$ -$
<br /> Loss on disposal of capital asset 4,892 - 4,893 - -
<br />Business-Type Activities -Enterprise Funds
<br />Total
<br />46
<br />The accompanying notes are an integral part of these financial statements.
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