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