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<br />CITY OF LINO LAKES, MINNESOTA Statement 9
<br />STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS
<br />Year Ended December 31, 2015
<br />Total
<br />Water Sewer 2015
<br />Cash flows from operating activities:
<br /> Cash receipts from customers 1,006,511$ 1,609,702$ 2,616,213$
<br /> Cash paid to suppliers (382,585) (999,218) (1,381,803)
<br /> Cash paid to employees (187,977) (199,472) (387,449)
<br /> Net cash flows from operating activities 435,949 411,012 846,961
<br />Cash flows from noncapital financing activities:
<br /> Net transfers (33,417) (33,417) (66,834)
<br />Cash flows from capital and related financing activities:
<br /> Collection of special assessments (160) - (160)
<br /> Acquisition of capital assets (7,134) - (7,134)
<br /> Net cash flows used by capital and related
<br /> financing activities (7,294) - (7,294)
<br />Cash flows from investing activities:
<br /> Interest on investments 20,921 30,243 51,164
<br />Net increase in cash and cash equivalents 416,159 407,838 823,997
<br />Cash and cash equivalents - January 1 5,322,125 7,733,759 13,055,884
<br />Cash and cash equivalents - December 31 5,738,284$ 8,141,597$ 13,879,881$
<br />Reconciliation of operating income to net cash
<br /> from operating activities:
<br /> Operating loss (380,061)$ (468,209)$ (848,270)$
<br /> Adjustments to reconcile operating income to
<br /> net cash flows from operating activities:
<br /> Loss on disposal of capital assets 1,295 1,985 3,280
<br /> Depreciation 836,772 892,427 1,729,199
<br /> Change in assets and liabilities:
<br /> Increase in receivables (8,325) (11,931) (20,256)
<br /> Decrease (Increase) in prepaid items 4,899 4,296 9,195
<br /> (Increase) in inventory (15,760) - (15,760)
<br /> (Increase) in deferred outflows (5,833) (5,827) (11,660)
<br /> Increase (Decrease) in voucher payables (19,877) (17,708) (37,585)
<br /> Increase (Decrease) in salaries payables 9,815 3,001 12,816
<br /> Increase (Decrease) in net pension liability 3,623 3,581 7,204
<br /> Increase (Decrease) in compensated absences 5,697 5,697 11,394
<br /> Increase (Decrease) in deferred inflows 3,704 3,700 7,404
<br /> Net cash flows from operating activities 435,949$ 411,012$ 846,961$
<br />Noncash investing, capital, and financing activities:
<br />Capital asset contributions from governmental activities 1,971,957$ 1,325,153$ 2,892,069$
<br />The accompanying notes are an integral part of these basic financial statements.
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