|
CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF CASH FLOWS Statement 9
<br />PROPRIETARY FUNDS
<br />For The Year Ended December 31, 2023
<br />601 Water 602 Sewer 603 Storm Water Totals
<br />Cash flows from operating activities:
<br /> Receipts from customers and users $2,249,769 $2,021,638 $537,365 $4,808,772
<br /> Payment to suppliers (864,095) (1,557,299) (401,585) (2,822,979)
<br /> Payment to employees (321,575) (331,076) (132,518) (785,169)
<br />Net cash flows provided by operating activities 1,064,099 133,263 3,262 1,200,624
<br />Cash flows from noncapital financing activities:
<br />Intergovernmental revenue 6,734 51,578 - 58,312
<br />Cash flows from capital and related financing activities:
<br /> Acquisition of capital assets (31,251) (88,812) - (120,063)
<br /> Interfund loan disbursement - (2,032,706) - (2,032,706)
<br />Transfers out (954,910) (134,474) - (1,089,384)
<br />Net cash flows provided by capital and related financing activities (986,161) (2,255,992) - (3,242,153)
<br />Cash flows from investing activities:
<br /> Investment earnings 280,682 429,729 17,599 728,010
<br />Net increase (decrease) in cash and cash equivalents 365,354 (1,641,422) 20,861 (1,255,207)
<br />Cash and cash equivalents - January 1 4,859,504 8,818,474 286,079 13,964,057
<br />Cash and cash equivalents - December 31 $5,224,858 $7,177,052 $306,940 $12,708,850
<br />Reconciliation of operating income to net
<br /> cash provided by operating activities:
<br /> Operating income (loss)$296,661 ($455,482) ($25,283) ($184,104)
<br /> Adjustments to reconcile operating income
<br /> (loss) to net cash flows from operating activities:
<br /> Depreciation 796,587 611,106 - 1,407,693
<br /> Changes in assets and liabilities:
<br /> Decrease (increase) in accounts receivable - net (73,994) (58,123) (14,756) (146,873)
<br /> Decrease (increase) in prepaid items 3,419 (12,944) (1,381) (10,906)
<br /> Decrease (increase) in inventory (57,487) - - (57,487)
<br /> Decrease (increase) in deferred outflows of resources (2,327) (2,327)(912) (5,566)
<br /> Increase (decrease) in payables 67,903 15,946 15,564 99,413
<br /> Increase (decrease) in other accrued liabilities (1,750) - - (1,750)
<br /> Increase (decrease) in compensated absences 4,769 4,769 1,339 10,877
<br /> Increase (decrease) in other post employment benefits 11,213 11,213 21,203 43,629
<br /> Increase (decrease) in net pension liability (33,289) (33,289) (13,047) (79,625)
<br /> Increase (decrease) in deferred inflows of resources 52,394 52,394 20,535 125,323
<br /> Total adjustments 767,438 588,745 28,545 1,384,728
<br /> Net cash provided by operating activities $1,064,099 $133,263 $3,262 $1,200,624
<br />Noncash investing, capital and financing activities:
<br />Contributions of capital assets $1,426,947 $187,292 $ - $1,614,239
<br />Business-Type Activities - Enterprise Funds
<br />The accompanying notes are an integral part of these financial statements.
<br />45
<br />52
|