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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, 2022
<br />601 Water 602 Sewer 603 Storm Water Totals
<br />Cash flows from operating activities:
<br /> Receipts from customers and users $1,775,422 $1,925,418 $424,374 $4,125,214
<br /> Payment to suppliers (1,889,649) (1,443,384) (81,236) (3,414,269)
<br /> Payment to employees (314,530) (322,868) (132,784) (770,182)
<br />Net cash flows provided by operating activities (428,757) 159,166 210,354 (59,237)
<br />Cash flows from noncapital financing activities:
<br />Transfers in - - 76,620 76,620
<br />Transfers out (573,283) - - (573,283)
<br />Net cash flows provided by noncapital financing activities (573,283) - 76,620 (496,663)
<br />Cash flows from capital and related financing activities:
<br /> Acquisition of capital assets (24,174) (681,420) - (705,594)
<br />Cash flows from investing activities:
<br /> Investment earnings (246,188) (398,835) (895) (645,918)
<br />Net increase (decrease) in cash and cash equivalents (1,272,402) (921,089) 286,079 (1,907,412)
<br />Cash and cash equivalents - January 1 6,131,906 9,739,563 - 15,871,469
<br />Cash and cash equivalents - December 31 $4,859,504 $8,818,474 $286,079 $13,964,057
<br />Reconciliation of operating income to net
<br /> cash provided by operating activities:
<br /> Operating income (loss) ($1,174,038) ($395,240) $234,591 ($1,334,687)
<br /> Adjustments to reconcile operating income
<br /> (loss) to net cash flows from operating activities:
<br /> Depreciation 789,107 597,713 - 1,386,820
<br /> Changes in assets and liabilities:
<br /> Decrease (increase) in due from other governments - (155) - (155)
<br /> Decrease (increase) in accounts receivable - net (69,890) (26,726) (61,695) (158,311)
<br /> Decrease (increase) in prepaid items (16,339) (17,883) (7,768) (41,990)
<br /> Decrease (increase) in inventory (4,203) - - (4,203)
<br /> Decrease (increase) in deferred outflows of resources 173 173 (31,095) (30,749)
<br /> Increase (decrease) in payables 20,766 (10,252) 13,023 23,537
<br /> Increase (decrease) in other accrued liabilities 13,451 (680) - 12,771
<br /> Increase (decrease) in compensated absences (2,653) (2,653) 23,082 17,776
<br /> Increase (decrease) in other post employment benefits (148) (148) 2,458 2,162
<br /> Increase (decrease) in net pension liability 107,993 107,993 37,056 253,042
<br /> Increase (decrease) in deferred inflows of resources (92,976) (92,976) 702 (185,250)
<br /> Total adjustments 745,281 554,406 (24,237) 1,275,450
<br /> Net cash provided by operating activities ($428,757) $159,166 $210,354 ($59,237)
<br />Noncash investing, capital and financing activities:
<br />Contributions of capital assets $3,192,766 $3,715,007 $0 $6,907,773
<br />Business-Type Activities - Enterprise Funds
<br />The accompanying notes are an integral part of these financial statements.
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