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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, 2017
<br />601 Water 602 Sewer Totals
<br />Cash flows from operating activities:
<br /> Receipts from customers and users $1,136,110 $1,695,698 $2,831,808
<br /> Payment to suppliers (444,107) (1,301,838) (1,745,945)
<br /> Payment to employees (248,394) (252,391) (500,785)
<br />Net cash flows provided by operating activities 443,609 141,469 585,078
<br />Cash flows from noncapital financing activities:
<br />Interfund loans provided to other funds - (355,839) (355,839)
<br />Transfers in 104,969 104,969 209,938
<br />Transfers out (35,727) (35,727) (71,454)
<br />Net cash flows provided by (used in)
<br />noncapital financing activities 69,242 (286,597) (217,355)
<br />Cash flows from capital and related financing activities:
<br /> Acquisition of capital assets (23,000) - (23,000)
<br />Net cash flows provided by (used in)
<br />capital and related financing activities (23,000) 0 (23,000)
<br />Cash flows from investing activities:
<br /> Investment earnings 39,612 66,876 106,488
<br />Net increase (decrease) in cash and cash equivalents 529,463 (78,252) 451,211
<br />Cash and cash equivalents - January 1 4,947,883 8,522,604 13,470,487
<br />Cash and cash equivalents - December 31 $5,477,346 $8,444,352 $13,921,698
<br />Reconciliation of operating income to net
<br /> cash provided by operating activities:
<br /> Operating income (loss) ($94,415) ($202,858) ($297,273)
<br /> Adjustments to reconcile operating income
<br /> (loss) to net cash flows from operating activities:
<br /> Depreciation 580,804 477,094 1,057,898
<br /> Changes in assets and liabilities:
<br /> Decrease (increase) in due from other governmental units - 409 409
<br /> Decrease (increase) in accounts receivable - net (14,724) (3,674) (18,398)
<br /> Decrease (increase) in prepaid items 906 1,259 2,165
<br /> Decrease (increase) in inventory 51,459 - 51,459
<br /> Decrease (increase) in deferred outflows of resources 35,592 35,592 71,184
<br /> Increase (decrease) in payables (96,700) (146,504) (243,204)
<br /> Increase (decrease) in other accrued liabilities (46) (582) (628)
<br /> Increase (decrease) in compensated absences 83 83 166
<br /> Increase (decrease) in other post employment benefits 4,240 4,240 8,480
<br /> Increase (decrease) in net pension liability (31,955) (31,955) (63,910)
<br /> Increase (decrease) in deferred inflows of resources 8,365 8,365 16,730
<br /> Total adjustments 538,024 344,327 882,351
<br /> Net cash provided by operating activities $443,609 $141,469 $585,078
<br />Noncash investing, capital and financing activities:
<br />Contributions of capital assets $587,854 $418,385 $1,006,239
<br />Business-Type Activities - Enterprise Funds
<br />The accompanying notes are an integral part of these financial statements.
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