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CITY OF LAKE ELMO, MINNESOTA
<br />STATEMENT OF CASH FLOWS
<br />PROPRIETARY FUNDS
<br />FOR THE YEAR ENDED DECEMBER 31, 2023
<br />
<br />
<br />See accompanying notes. 36
<br />
<br /> Water Fund Sewer Fund
<br /> Storm Sewer
<br />Fund Totals
<br />CASH FLOWS FROM OPERATING
<br />ACTIVITIES
<br />Cash Received from Customers 1,836,037$ 697,414$ 529,068$ 3,062,519$
<br />Cash Paid to Suppliers (859,674) (956,258) (120,221) (1,936,153)
<br />Cash Paid to Employees (448,628) (217,144) (101,632) (767,404)
<br />NET CASH PROVIDED (USED) BY
<br />OPERATING ACTIVITIES 527,735 (475,988) 307,215 358,962
<br />CASH FLOWS FROM NONCAPITAL
<br />FINANCING ACTIVITIES
<br />Taxes and Intergovernmental 29 11 6 46
<br />Other Receipts from Customers 742,671 545,026 30,323 1,318,020
<br />NET CASH PROVIDED (USED) BY
<br />NONCAPITAL FINANCING
<br />ACTIVITIES 742,700 545,037 30,329 1,318,066
<br />CASH FLOWS FROM CAPITAL AND
<br />RELATED FINANCING ACTIVITIES
<br />Special Assessments 262,583 929,033 39,549 1,231,165
<br />Intergovernmental and Other 4,413,883 - - 4,413,883
<br />Purchases of Capital Assets (5,001,498) (1,568,407) - (6,569,905)
<br />Payments on Bond Principal (1,200,000) (915,000) (210,000) (2,325,000)
<br />Proceeds from Debt Issuance 529,114 1,609,114 - 2,138,228
<br />Cash Paid for Interest and Other Charges (384,987) (373,724) (48,332) (807,043)
<br />NET CASH PROVIDED (USED) BY
<br />CAPITAL AND RELATED FINANCING
<br />ACTIVITIES (1,380,905) (318,984) (218,783) (1,918,672)
<br />CASH FLOWS FROM INVESTING
<br />ACTIVITIES
<br />Investment Income 164,363 368,602 42,210 575,175
<br />Net Change in Cash and Cash Equivalents 53,893 118,667 160,971 333,531
<br />Cash and Cash Equivalents - Beginning of Year 5,738,584 11,502,451 1,256,301 18,497,336
<br />Cash and Cash Equivalents - End of Year 5,792,477$ 11,621,118$ 1,417,272$ 18,830,867$
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