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CITY OF LAKE ELMO, MINNESOTA
<br />STATEMENT OF CASH FLOWS
<br />PROPRIETARY FUNDS
<br />FOR THE YEAR ENDED DECEMBER 31, 2024
<br />
<br />
<br />See accompanying notes. 36
<br /> Water Fund Sewer Fund
<br /> Storm Sewer
<br />Fund Totals
<br />CASH FLOWS FROM OPERATING
<br />ACTIVITIES
<br />Cash Received from Customers 1,442,722$ 821,327$ 606,186$ 2,870,235$
<br />Cash Paid to Suppliers (518,791) (1,032,154) (113,549) (1,664,494)
<br />Cash Paid to Employees (447,514) (248,285) (128,213) (824,012)
<br />NET CASH PROVIDED (USED) BY
<br />OPERATING ACTIVITIES 476,417 (459,112) 364,424 381,729
<br />CASH FLOWS FROM NONCAPITAL
<br />FINANCING ACTIVITIES
<br />Taxes and Intergovernmental 6,600 2,596 1,274 10,470
<br />Other Receipts from Customers 5,979 107,098 16,508 129,585
<br />NET CASH PROVIDED (USED) BY
<br />NONCAPITAL FINANCING
<br />ACTIVITIES 12,579 109,694 17,782 140,055
<br />CASH FLOWS FROM CAPITAL AND
<br />RELATED FINANCING ACTIVITIES
<br />Connection Fees 1,529,800 1,444,100 - 2,973,900
<br />Special Assessments 212,886 669,148 40,836 922,870
<br />Intergovernmental and Other 1,348,274 - - 1,348,274
<br />Purchases of Capital Assets (4,332,455) (523,301) (202,361) (5,058,117)
<br />Payments on Bond Principal (1,150,000) (950,000) (215,000) (2,315,000)
<br />Payments on Subscription Liabilities (4,235) - - (4,235)
<br />Proceeds from Debt Issuance 499,270 - - 499,270
<br />Cash Paid for Interest and Other Charges (384,994) (397,494) (43,737) (826,225)
<br />NET CASH PROVIDED (USED) BY
<br />CAPITAL AND RELATED FINANCING
<br />ACTIVITIES (2,281,454) 242,453 (420,262) (2,459,263)
<br />CASH FLOWS FROM INVESTING
<br />ACTIVITIES
<br />Investment Income 185,759 444,008 53,533 683,300
<br />Net Change in Cash and Cash Equivalents (1,606,699) 337,043 15,477 (1,254,179)
<br />Cash and Cash Equivalents - Beginning of Year 5,792,477 11,621,118 1,417,272 18,830,867
<br />Cash and Cash Equivalents - End of Year 4,185,778$ 11,958,161$ 1,432,749$ 17,576,688$
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