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CITY OF LAKE ELMO, MINNESOTA
<br />STATEMENT OF CASH FLOWS (Continued)
<br />PROPRIETARY FUNDS
<br />FOR THE YEAR ENDED DECEMBER 31, 2024
<br />
<br />
<br />See accompanying notes. 37
<br /> Water Fund Sewer Fund
<br /> Storm Sewer
<br />Fund Totals
<br />RECONCILIATION OF NET OPERATING
<br />INCOME (LOSS) TO NET CASH
<br />PROVIDED (USED) BY OPERATING
<br />ACTIVITIES
<br />Net Operating Income (Loss)(2,090,808)$ (1,797,653)$ (492,113)$ (4,380,574)$
<br />Adjustments to Reconcile Net Operating
<br />Income (Loss) to Net Cash Provided
<br />(Used) by Operating Activities:
<br />Depreciation and Amortization Expense 2,595,622 1,422,605 911,665 4,929,892
<br />Changes in Assets, Liabilities,
<br />and Deferrals:
<br />Accounts Receivable (48,513) (29,768) (29,483) (107,764)
<br />Special Assessments (25,782) (18,056) (21,361) (65,199)
<br />Accounts Payable 116,124 (9,013) (2,195) 104,916
<br />Due to Other Governments - (267) - (267)
<br />Salaries Payable (15,661) (6,691) 6,004 (16,348)
<br />Compensated Absences 5,932 4,055 3,386 13,373
<br />Net OPEB Liability (6,258) (1,439) (838) (8,535)
<br />Net Pension Liability (90,280) (36,471) (17,120) (143,871)
<br />Deferred Outflows of
<br />Resources - Pensions 27,634 10,648 4,740 43,022
<br />Deferred Inflows of
<br />Resources - Pensions 8,407 2,938 1,739 13,084
<br />NET CASH PROVIDED (USED) BY
<br />OPERATING ACTIVITIES 476,417$ (459,112)$ 364,424$ 381,729$
<br />SCHEDULE OF NONCASH CAPITAL
<br />AND RELATED FINANCING
<br />ACTIVITIES
<br />Contribution of Capital Assets from
<br />Private Sources 3,608,962$ 3,230,468$ 3,998,524$ 10,837,954$
<br />Change in Capital Assets Due To
<br />Changes in Related Payables (272,612)$ (85,155)$ -$ (357,767)$
<br />Right-Of-Use Capital Assets Acquired
<br />via IT Subscription Arrangement 92,653$ -$ -$ 92,653$
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