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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF CASH FLOWS Statement 9
<br />PROPRIETARY FUNDS
<br />For The Year Ended December 31, 2016
<br />601 Water 602 Sewer Totals
<br />Cash flows from operating activities:
<br /> Receipts from customers and users $1,105,801 $1,663,724 $2,769,525
<br /> Payment to suppliers (618,143) (882,352) (1,500,495)
<br /> Payment to employees (226,242) (222,576) (448,818)
<br />Net cash flows provided by operating activities 261,416 558,796 820,212
<br />Cash flows from noncapital financing activities:
<br /> Transfers (34,627) (244,594) (279,221)
<br />Cash flows from capital and related financing activities:
<br /> Acquisition of capital assets (1,057,604) - (1,057,604)
<br /> Proceeds from sale of capital assets 100 - 100
<br />Net cash flows provided by (used in)
<br />capital and related financing activities (1,057,504) - (1,057,504)
<br />Cash flows from investing activities:
<br /> Investment income 40,314 66,805 107,119
<br />Net increase (decrease) in cash and cash equivalents (790,401) 381,007 (409,394)
<br />Cash and cash equivalents - January 1 5,738,284 8,141,597 13,879,881
<br />Cash and cash equivalents - December 31 $4,947,883 $8,522,604 $13,470,487
<br />Reconciliation of operating income to net
<br /> cash provided by operating activities:
<br /> Operating income (loss)($235,694) ($59,243) ($294,937)
<br /> Adjustments to reconcile operating income
<br /> (loss) to net cash flows from operating activities:
<br /> Depreciation 436,384 456,422 892,806
<br /> Changes in assets and liabilities:
<br /> Decrease (increase) in due from other governmental units - (429)(429)
<br /> Decrease (increase) in accounts receivable - net 10,904 4,831 15,735
<br /> Decrease (increase) in prepaid items (2,906) (1,711) (4,617)
<br /> Decrease (increase) in inventory (39,805) - (39,805)
<br /> Decrease (increase) in deferred outflows of resources (78,318) (78,324) (156,642)
<br /> Increase (decrease) in payables 82,366 141,804 224,170
<br /> Increase (decrease) in other accrued liabilities (3,805)3,150 (655)
<br /> Increase (decrease) in compensated absences 1,103 1,103 2,206
<br /> Increase (decrease) in net pension liability 69,779 69,781 139,560
<br /> Increase (decrease) in deferred inflows of resources 21,408 21,412 42,820
<br /> Total adjustments 497,110 618,039 1,115,149
<br /> Net cash provided by operating activities $261,416 $558,796 $820,212
<br />Noncash investing, capital and financing activities:
<br />Contributions of capital assets $1,973,455 $764,127 $2,737,582
<br />Business-Type Activities - Enterprise Funds
<br />The accompanying notes are an integral part of these financial statements.
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