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CITY OF LITTLE CANADA, MINNESOTA
<br />STATEMENT OF CASH FLOWS
<br />PROPRIETARY FUNDS
<br />For the Year Ended December 31, 2021
<br />With Comparative Data for the Year Ended December 31, 2020
<br />Governmental
<br />Activities-
<br />Insurance
<br />Water Sewer Internal Service
<br />(601)(602)2021 2020 Fund (700)
<br />Cash flows from operating activities:
<br /> Receipts from customers and users 1,797,097$ 1,586,873$ 3,383,970$ 3,068,510$ -$
<br /> Receipts from interfund services provided - - - - 280,150
<br /> Payment to suppliers (1,204,573) (1,119,482) (2,324,055) (2,022,052) (253,117)
<br /> Payment to employees (339,294) (342,599) (681,893) (688,275) -
<br /> Miscellaneous revenue 1,570 2,439 4,009 6,951 -
<br /> Net cash flows from operating activities 254,800 127,231 382,031 365,134 27,033
<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 (2,252) - (2,252) (3,350) -
<br /> Rent proceeds 85,181 - 85,181 81,905 -
<br /> Net cash flows from capital
<br /> and related financing activities 82,929 - 82,929 78,555 -
<br />Cash flows from investing activities:
<br /> Investment earnings (1,950) (2,470) (4,420) 50,258 (52)
<br /> Net increase (decrease) in cash and cash equivalents 135,779 24,761 160,540 193,947 26,981
<br /> Cash and cash equivalents - January 1 811,411 1,112,809 1,924,220 1,730,273 16,731
<br /> Cash and cash equivalents - December 31 947,190$ 1,137,570$ 2,084,760$ 1,924,220$ 43,712$
<br />Reconciliation of operating income (loss) to net cash
<br /> from operating activities:
<br /> Operating income (loss) 26,018$ 75,350$ 101,368$ (88,868)$ 26,286$
<br /> Adjustments to reconcile operating income (loss)
<br /> to net cash flows from operating activities:
<br /> Depreciation 258,093 154,435 412,528 413,735 -
<br /> Miscellaneous revenue 1,570 2,439 4,009 6,951 -
<br /> Change in assets, deferred outflows of resources,
<br /> liabilities, and deferred inflows of resources:
<br /> (Increase) decrease in:
<br /> Accounts receivable (2,080) (9,273) (11,353) (16,257) -
<br /> Prepaid items - 826 826 (1,521) 755
<br /> Deferred outflows related to pension (90,462) (91,178) (181,640) (22,165) -
<br /> Increase (decrease) in:
<br /> Payables (5,352) (72,436) (77,788) 80,536 (8)
<br /> Net pension liability (57,798) (58,778) (116,576) 54,826 -
<br /> Deferred inflows related to pension 124,811 125,846 250,657 (62,103) -
<br /> Total adjustments 228,782 51,881 280,663 454,002 747
<br /> Net cash flows from operating activities 254,800$ 127,231$ 382,031$ 365,134$ 27,033$
<br />Noncash investing, capital and financing activities:
<br /> Capital asset contributions from governmental activities -$ 55,562$ 55,562$ 196,530$ -$
<br /> Loss on disposal of capital asset - - - 4,893 -
<br />Business-Type Activities -Enterprise Funds
<br />Total
<br />46
<br />The accompanying notes are an integral part of these basic financial statements.
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