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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, 2019
<br />601 Water 602 Sewer Totals
<br />Cash flows from operating activities:
<br /> Receipts from customers and users $1,201,873 $1,782,897 $2,984,770
<br /> Payment to suppliers (393,323) (1,223,487) (1,616,810)
<br /> Payment to employees (292,094) (300,384) (592,478)
<br />Net cash flows provided by operating activities 516,456 259,026 775,482
<br />Cash flows from noncapital financing activities:
<br />Transfers out (226,722) - (226,722)
<br />Cash flows from capital and related financing activities:
<br /> Acquisition of capital assets (350,042) - (350,042)
<br />Cash flows from investing activities:
<br /> Investment earnings 210,056 313,498 523,554
<br />Net increase in cash and cash equivalents 149,748 572,524 722,272
<br />Cash and cash equivalents - January 1 6,022,044 8,977,444 14,999,488
<br />Cash and cash equivalents - December 31 $6,171,792 $9,549,968 $15,721,760
<br />Reconciliation of operating income to net
<br /> cash provided by operating activities:
<br /> Operating income (loss) ($148,196) ($231,568) ($379,764)
<br /> Adjustments to reconcile operating income
<br /> (loss) to net cash flows from operating activities:
<br /> Depreciation 603,559 495,816 1,099,375
<br /> Changes in assets and liabilities:
<br /> Decrease (increase) in due from other governmental units - (256)(256)
<br /> Decrease (increase) in accounts receivable - net 29,293 12,010 41,303
<br /> Decrease (increase) in prepaid items (125)216 91
<br /> Decrease (increase) in inventory 17,402 - 17,402
<br /> Decrease (increase) in deferred outflows of resources 12,456 12,456 24,912
<br /> Increase (decrease) in payables (1,200) (21,824) (23,024)
<br /> Increase (decrease) in other accrued liabilities 10,462 (629)9,833
<br /> Increase (decrease) in compensated absences 3,195 3,195 6,390
<br /> Increase (decrease) in other post employment benefits (1,113)(1,113)(2,226)
<br /> Increase (decrease) in net pension liability 5,557 5,557 11,114
<br /> Increase (decrease) in deferred inflows of resources (14,834) (14,834) (29,668)
<br /> Total adjustments 664,652 490,594 1,155,246
<br /> Net cash provided by operating activities $516,456 $259,026 $775,482
<br />Noncash investing, capital and financing activities:
<br />Contributions of capital assets $2,212,553 $2,220,556 $4,433,109
<br />Business-Type Activities - Enterprise Funds
<br />The accompanying notes are an integral part of these financial statements.
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