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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, 2018
<br />601 Water 602 Sewer Totals
<br />Cash flows from operating activities:
<br /> Receipts from customers and users $1,224,192 $1,757,400 $2,981,592
<br /> Payment to suppliers (461,280) (1,171,306) (1,632,586)
<br /> Payment to employees (289,518) (294,817) (584,335)
<br />Net cash flows provided by operating activities 473,394 291,277 764,671
<br />Cash flows from noncapital financing activities:
<br />Receipts from interfund loans - 355,839 355,839
<br />Transfers out - (242,145) (242,145)
<br />Net cash flows provided by
<br />noncapital financing activities - 113,694 113,694
<br />Cash flows from capital and related financing activities:
<br /> Acquisition of capital assets (11,479)(2,530) (14,009)
<br />Cash flows from investing activities:
<br /> Investment earnings 82,783 130,651 213,434
<br />Net increase in cash and cash equivalents 544,698 533,092 1,077,790
<br />Cash and cash equivalents - January 1 5,477,346 8,444,352 13,921,698
<br />Cash and cash equivalents - December 31 $6,022,044 $8,977,444 $14,999,488
<br />Reconciliation of operating income to net
<br /> cash provided by operating activities:
<br /> Operating income (loss)($115,166) ($210,759) ($325,925)
<br /> Adjustments to reconcile operating income
<br /> (loss) to net cash flows from operating activities:
<br /> Depreciation 597,571 495,856 1,093,427
<br /> Changes in assets and liabilities:
<br /> Decrease (increase) in due from other governmental units - (368)(368)
<br /> Decrease (increase) in accounts receivable - net 6,603 4,056 10,659
<br /> Decrease (increase) in prepaid items (4,654)(5,452) (10,106)
<br /> Decrease (increase) in inventory (9,530) - (9,530)
<br /> Decrease (increase) in deferred outflows of resources 17,606 17,606 35,212
<br /> Increase (decrease) in payables 17,659 27,458 45,117
<br /> Increase (decrease) in other accrued liabilities (179)(604)(783)
<br /> Increase (decrease) in compensated absences (16,839) (16,839) (33,678)
<br /> Increase (decrease) in other post employment benefits 57 57 114
<br /> Increase (decrease) in net pension liability (33,877) (33,877) (67,754)
<br /> Increase (decrease) in deferred inflows of resources 14,143 14,143 28,286
<br /> Total adjustments 588,560 502,036 1,090,596
<br /> Net cash provided by operating activities $473,394 $291,277 $764,671
<br />Noncash investing, capital and financing activities:
<br />Contributions of capital assets $892,727 $1,063,820 $1,956,547
<br />Business-Type Activities - Enterprise Funds
<br />The accompanying notes are an integral part of these financial statements.
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