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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, 2024
<br />601 Water 602 Sewer 603 Storm Water Totals
<br />Cash flows from operating activities:
<br /> Receipts from customers and users $2,070,457 $2,191,108 $566,661 $4,828,226
<br /> Payment to suppliers (794,420) (1,795,573) (227,773) (2,817,766)
<br /> Payment to employees (384,940) (394,531) (195,993) (975,464)
<br />Net cash flows provided by operating activities 891,097 1,004 142,895 1,034,996
<br />Cash flows from noncapital financing activities:
<br />Intergovernmental revenue 5,289 - - 5,289
<br />Cash flows from capital and related financing activities:
<br /> Acquisition of capital assets (120,780) (99,493) - (220,273)
<br /> Note proceeds 1,216,285 - - 1,216,285
<br /> Repayment of interfund loan receivable - 223,598 - 223,598
<br /> Transfers out (2,024,951) - (55,507) (2,080,458)
<br />Net cash flows provided by capital and related financing activities (929,446) 124,105 (55,507) (860,848)
<br />Cash flows from investing activities:
<br /> Investment earnings 250,835 331,428 21,519 603,782
<br />Net increase (decrease) in cash and cash equivalents 217,775 456,537 108,907 783,219
<br />Cash and cash equivalents - January 1 5,224,858 7,177,052 306,940 12,708,850
<br />Cash and cash equivalents - December 31 $5,442,633 $7,633,589 $415,847 $13,492,069
<br />Reconciliation of operating income to net
<br /> cash provided by operating activities:
<br /> Operating income (loss)($54,973) ($802,645) $149,897 ($707,721)
<br /> Adjustments to reconcile operating income
<br /> (loss) to net cash flows from operating activities:
<br /> Depreciation 927,267 753,799 - 1,681,066
<br /> Changes in assets and liabilities:
<br /> Decrease (increase) in accounts receivable - net (1,651)4,621 7,444 10,414
<br /> Decrease (increase) in prepaid items (2,930) (3,020)3,026 (2,924)
<br /> Decrease (increase) in inventory (5,611) - - (5,611)
<br /> Decrease (increase) in deferred outflows of resources 36,497 36,497 18,930 91,924
<br /> Increase (decrease) in payables 18,649 23,689 (11,185) 31,153
<br /> Increase (decrease) in other accrued liabilities (14,214) - - (14,214)
<br /> Increase (decrease) in compensated absences 25,853 25,853 (3,393) 48,313
<br /> Increase (decrease) in other post employment benefits 5,529 5,529 645 11,703
<br /> Increase (decrease) in net pension liability (66,455) (66,455) (34,469) (167,379)
<br /> Increase (decrease) in deferred inflows of resources 23,136 23,136 12,000 58,272
<br /> Total adjustments 946,070 803,649 (7,002) 1,742,717
<br /> Net cash provided by operating activities $891,097 $1,004 $142,895 $1,034,996
<br />Noncash investing, capital and financing activities:
<br />Contributions of capital assets $6,919,339 $1,208,076 $ - $8,127,415
<br />Business-Type Activities - Enterprise Funds
<br />The accompanying notes are an integral part of these financial statements.
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