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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, 2020
<br />601 Water 602 Sewer Totals
<br />Cash flows from operating activities:
<br /> Receipts from customers and users $1,324,219 $1,808,593 $3,132,812
<br /> Payment to suppliers (567,189) (1,441,515) (2,008,704)
<br /> Payment to employees (289,638) (295,695) (585,333)
<br />Net cash flows provided by operating activities 467,392 71,383 538,775
<br />Cash flows from noncapital financing activities:
<br />Intergovernmental revenue 12,161 - 12,161
<br />Transfers in - 83,821 83,821
<br />Transfers out (127,357) - (127,357)
<br />Net cash flows provided by noncapital financing activities (115,196)83,821 (31,375)
<br />Cash flows from capital and related financing activities:
<br /> Acquisition of capital assets (778,045) (329,925) (1,107,970)
<br />Cash flows from investing activities:
<br /> Investment earnings 149,623 234,340 383,963
<br />Net increase in cash and cash equivalents (276,226) 59,619 (216,607)
<br />Cash and cash equivalents - January 1 6,171,792 9,549,968 15,721,760
<br />Cash and cash equivalents - December 31 $5,895,566 $9,609,587 $15,505,153
<br />Reconciliation of operating income to net
<br /> cash provided by operating activities:
<br /> Operating income (loss) ($190,723) ($396,634) ($587,357)
<br /> Adjustments to reconcile operating income
<br /> (loss) to net cash flows from operating activities:
<br /> Depreciation 616,893 512,771 1,129,664
<br /> Changes in assets and liabilities:
<br /> Decrease (increase) in due from other governmental units - (256)(256)
<br /> Decrease (increase) in accounts receivable - net (17,340)5,618 (11,722)
<br /> Decrease (increase) in prepaid items 1,195 (81,538) (80,343)
<br /> Decrease (increase) in inventory 1,633 - 1,633
<br /> Decrease (increase) in deferred outflows of resources 2,741 2,528 5,269
<br /> Increase (decrease) in payables 16,376 11,684 28,060
<br /> Increase (decrease) in other accrued liabilities 21,284 (655)20,629
<br /> Increase (decrease) in compensated absences 1,285 1,285 2,570
<br /> Increase (decrease) in other post employment benefits 300 300 600
<br /> Increase (decrease) in net pension liability 33,087 35,437 68,524
<br /> Increase (decrease) in deferred inflows of resources (19,339) (19,157) (38,496)
<br /> Total adjustments 658,115 468,017 1,126,132
<br /> Net cash provided by operating activities $467,392 $71,383 $538,775
<br />Noncash investing, capital and financing activities:
<br />Contributions of capital assets $5,457,353 $1,539,718 $6,997,071
<br />Business-Type Activities - Enterprise Funds
<br />The accompanying notes are an integral part of these financial statements.
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