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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, 2021
<br />601 Water 602 Sewer Totals
<br />Cash flows from operating activities:
<br /> Receipts from customers and users $1,646,059 $1,865,395 $3,511,454
<br /> Payment to suppliers (700,183) (1,288,495) (1,988,678)
<br /> Payment to employees (305,165) (310,330) (615,495)
<br />Net cash flows provided by operating activities 640,711 266,570 907,281
<br />Cash flows from noncapital financing activities:
<br />Intergovernmental revenue 29,991 - 29,991
<br />Transfers out (322,933) - (322,933)
<br />Net cash flows provided by noncapital financing activities (292,942) - (292,942)
<br />Cash flows from capital and related financing activities:
<br /> Acquisition of capital assets (92,652) (99,189) (191,841)
<br /> Proceeds from sale of capital assets 15,291 15,291 30,582
<br />Net cash flows provided by capital and related financing activities (77,361) (83,898) (161,259)
<br />Cash flows from investing activities:
<br /> Investment earnings (34,068) (52,696) (86,764)
<br />Net increase in cash and cash equivalents 236,340 129,976 366,316
<br />Cash and cash equivalents - January 1 5,895,566 9,609,587 15,505,153
<br />Cash and cash equivalents - December 31 $6,131,906 $9,739,563 $15,871,469
<br />Reconciliation of operating income to net
<br /> cash provided by operating activities:
<br /> Operating income (loss) $61,804 ($294,952) ($233,148)
<br /> Adjustments to reconcile operating income
<br /> (loss) to net cash flows from operating activities:
<br /> Depreciation 625,544 550,018 1,175,562
<br /> Changes in assets and liabilities:
<br /> Decrease (increase) in due from other governmental units - 258 258
<br /> Decrease (increase) in accounts receivable - net (37,231) (26,903) (64,134)
<br /> Decrease (increase) in prepaid items (1,319) (8,798) (10,117)
<br /> Decrease (increase) in inventory 2,786 - 2,786
<br /> Decrease (increase) in deferred outflows of resources (73,070) (73,070) (146,140)
<br /> Increase (decrease) in payables 15,173 43,136 58,309
<br /> Increase (decrease) in other accrued liabilities (29,857) - (29,857)
<br /> Increase (decrease) in compensated absences 4,279 4,279 8,558
<br /> Increase (decrease) in other post employment benefits 19,619 19,619 39,238
<br /> Increase (decrease) in net pension liability (52,085) (52,085) (104,170)
<br /> Increase (decrease) in deferred inflows of resources 105,068 105,068 210,136
<br /> Total adjustments 578,907 561,522 1,140,429
<br /> Net cash provided by operating activities $640,711 $266,570 $907,281
<br />Noncash investing, capital and financing activities:
<br />Contributions of capital assets $880,302 $304,808 $1,185,110
<br />Business-Type Activities - Enterprise Funds
<br />The accompanying notes are an integral part of these financial statements.
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