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<br />CITY OF LINO LAKES, MINNESOTAStatement 9
<br />STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS
<br />Year Ended December 31, 2012
<br />Total
<br />Wate r Sewe r 2012
<br />Cash flows from operating activities:
<br /> Cash receipts from customers1,362,424 $ 1,504,661 $ 2,867,085 $
<br /> Cash paid to suppliers(363,535) (863,241) (1,226,776)
<br /> Cash paid to employees(168,972) (217,740) (386,712)
<br /> Net cash flows from operating activities829,917 423,680 1,253,597
<br />Cash flows from noncapital financing activities:
<br /> Net transfers(34,511) (34,511) (69,022)
<br />Cash flows from capital and related financing activities:
<br /> Principal paid on revenue bonds(405,000) - (405,000)
<br /> Collection of special assessments48,466 1,070 49,536
<br /> Interest and paying agent fees on revenue bonds(7,340) - (7,340)
<br /> Acquisition of capital assets(5,985) (4,394) (10,379)
<br /> Net cash flows used by capital and related
<br /> financing activities(369,859) (3,324) (373,183)
<br />Cash flows from investing activities:
<br /> Interest on investments35,321 66,752 102,073
<br />Net increase in cash and cash equivalents460,868 452,597 913,465
<br />Cash and cash equivalents - January 13,649,473 6,575,417 10,224,890
<br />Cash and cash equivalents - December 314,110,341 $ 7,028,014 $ 11,138,355 $
<br />Reconciliation of operating income to net cash
<br /> from operating activities:
<br /> Operating income (loss)424,332 $ (21,856)$ 402,476 $
<br /> Adjustments to reconcile operating income to
<br /> net cash flows from operating activities:
<br /> Depreciation423,887 438,180 862,067
<br /> Change in assets and liabilities:
<br /> Increase in receivables(3,978) (1,120) (5,098)
<br /> Increase in prepaid items(897) (630) (1,527)
<br /> Increase in inventory(11,865) - (11,865)
<br /> Increase (Dec rease) in payables(1,562) 9,106 7,544
<br /> Net cash flows from operating activities829,917 $ 423,680 $ 1,253,597 $
<br />The accompanying notes are an integral part of these basic financial statements.
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