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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS
<br />Year Ended December 31, 2013
<br />Water
<br />Total
<br />Sewer 2013
<br />Cash flows from operating activities:
<br />Cash receipts from customers $ 1,222,831 $ 1,520,747 $ 2,743,578
<br />Cash paid to suppliers (304,250) (962,241) (1,266,491)
<br />Cash paid to employees (180,975) (185,675) (366,650)
<br />Net cash flows from operating activities 737,606 372,831 1,110,437
<br />Cash flows from noncapital financing activities:
<br />Net transfers (35,862) (35,862) (71,724)
<br />Cash flows from capital and related financing activities:
<br />Collection of special assessments (835) 682 (153)
<br />Acquisition of capital assets (3,000) (51,353) (54,353)
<br />Net cash flows used by capital and related
<br />financing activities (3,835) (50,671) (54,506)
<br />Cash flows from investing activities:
<br />Interest on investments (17,007) (27,766) (44,773)
<br />Net increase in cash and cash equivalents 680,902 258,532 939,434
<br />Cash and cash equivalents - January 1 4,110,341 7,028,014 11,138,355
<br />Cash and cash equivalents - December 31 $ 4,791,243 $ 7,286,546 $ 12,077,789
<br />Reconciliation of operating income to net cash
<br />from operating activities:
<br />Operating income (loss) $ 280,942 $ (67,998) $ 212,944
<br />Adjustments to reconcile operating income to
<br />net cash flows from operating activities:
<br />Depreciation 416,468 437,725 854,193
<br />Change in assets and liabilities:
<br />Increase in receivables 14,089 4,350 18,439
<br />(Increase) decrease in prepaid items 2,660 (2,957) (297)
<br />Increase in inventory 24,614 24,614
<br />Increase (decrease) in payables (1,167) 1,711 544
<br />Net cash flows from operating activities $ 737,606 $ 372,831 $ 1,110,437
<br />Noncash investing, capital, and financing activities:
<br />Capital asset contributions from government $ 291,403 $ 133,625 $ 425,028
<br />The accompanying notes are an integral part of these hasic.fnancial statentents.
<br />IV -18
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