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CITY OF LITTLE CANADA, MINNESOTA
<br />STATEMENT OF CASH FLOWS
<br />PROPRIETARY FUNDS
<br />YEAR ENDED DECEMBER 31, 2022
<br />
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(33)
<br />
<br />Water Sewer Total
<br />CASH FLOWS FROM OPERATING ACTIVITIES
<br />Cash Receipts from Customers 1,861,810$ 1,643,913$ 3,505,723$
<br />Cash Paid to Suppliers (1,356,173) (1,111,995) (2,468,168)
<br />Cash Paid to Employees (348,910) (353,114) (702,024)
<br />Other Receipts (Payments) 892 - 892
<br />Net Cash Provided by Operating Activities 157,619 178,804 336,423
<br />CASH FLOWS FROM NONCAPITAL AND RELATED
<br /> FINANCING ACTIVITIES
<br />Transfers to/from Other Funds (225,000) (150,000) (375,000)
<br />CASH FLOWS FROM CAPITAL AND RELATED
<br /> FINANCING ACTIVITIES
<br />Acquisition of Capital Assets - - -
<br />Lease Payments Received 37,559 - 37,559
<br />Net Cash Provided by Capital and
<br /> Related Financing Activities 37,559 - 37,559
<br />CASH FLOWS FROM INVESTING ACTIVITIES
<br />Interest Received on Investments 28,798 (27,241) 1,557
<br />NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,024) 1,563 539
<br />Cash and Cash Equivalents - Beginning of the Year 947,190 1,137,570 2,084,760
<br />CASH AND CASH EQUIVALENTS - END OF THE YEAR 946,166$ 1,139,133$ 2,085,299$
<br />RECONCILIATION OF OPERATING LOSS TO NET CASH
<br /> PROVIDED BY OPERATING ACTIVITIES
<br />Operating Income (Loss) (104,509)$ 41,262$ (63,247)$
<br />Adjustments to Operating Income (Loss) to Net Cash
<br /> Provided by Operating Activities:
<br />Depreciation 252,963 158,741 411,704
<br />Miscellaneous Revenue 892 3,152 4,044
<br />Change in Assets, Deferred Outflows of Resources,
<br /> Liabilities, and Deferred Inflows of Resources:
<br />(Increase) Decrease in:
<br />Accounts Receivable 693 (20,475) (19,782)
<br />Prepaid Items (11,773) (24,041) (35,814)
<br />Due from Other Governmental Units (2,118) 4,808 2,690
<br />Deferred Outflows of Resources - Pensions 23,351 23,234 46,585
<br />Increase (Decrease) in:
<br />Accounts Payable 5,867 - 5,867
<br />Due to Other Governmental Units 5,612 4,550 10,162
<br />Compensated Absences Payable 1,095 1,216 2,311
<br />Net Pension Liability 123,807 125,796 249,603
<br />Deferred Inflows of Resources - Pensions (138,261) (139,439) (277,700)
<br />Net Cash Provided by Operating Activities 157,619$ 178,804$ 336,423$
<br />NONCASH TRANSACTIONS
<br />Capital Contribution from Governmental Activities 56,771$ 312,431$ 369,202$
<br />Business-Type Activities - Enterprise Funds
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