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CITY OF ST. ANTHONY, MINNESOTA
<br />STATEMENT OF CASH FLOWS Statement 8
<br />PROPRIETARY FUNDS
<br />For The Year Ended December 31, 2023
<br />With Comparative Totals For December 31, 2022
<br />Governmental
<br />Activities
<br />Water/Sewer/ Stormwater Internal
<br />Liquor Water Plant Utility Service Fund
<br />2023 2022
<br />Cash flows from operating activities:
<br /> Receipts from customers and users $7,067,702 $2,921,548 $229,089 $10,218,339 $9,884,366 $ -
<br /> Receipts from interfund charges for pension benefits - - - - - 738,984
<br /> Payment to suppliers (5,849,891) (1,414,151) (240,312) (7,504,354) (7,156,121) -
<br /> Payment to employees (901,448) (984,464) - (1,885,912) (1,775,834) (861,311)
<br /> Miscellaneous revenue 831 5,796 19,027 25,654 24,875 -
<br /> Net cash flows provided by (used in)
<br /> operating activities 317,194 528,729 7,804 853,727 977,286 (122,327)
<br />Cash flows from noncapital financing activities:
<br /> Transfer from General Fund - - - - 30,535 86,300
<br /> Transfer to General Fund (275,000) - - (275,000) (275,000) -
<br /> Intergovernmental revenue - - 158,891 158,891 - -
<br />Net cash flows provided by (used in)
<br />noncapital financing activities (275,000) - 158,891 (116,109) (244,465) 86,300
<br />Cash flows from capital and related
<br /> financing activities:
<br /> Acquisition of capital assets - - - - (12,139) -
<br /> Proceeds from disposal of capital assets - - - - 1,400 -
<br /> Transfer to project Fund - - - - (161,903) -
<br /> Principal paid on debt - (145,000) - (145,000) (140,000) -
<br /> Interest paid on debt - (4,788) - (4,788) (7,975) -
<br />Net cash flows provided by (used in)
<br /> capital and related financing activities - (149,788) - (149,788) (320,617) -
<br />Cash flows from investing activities:
<br /> Investment income 63,934 124,189 10,494 198,617 (85,872) 16,368
<br />Net increase (decrease) in cash and cash equivalents 106,128 503,130 177,189 786,447 326,332 (19,659)
<br />Cash and cash equivalents - January 1 1,379,926 2,411,101 223,742 4,014,769 3,688,437 319,574
<br />Cash and cash equivalents - December 31 $1,486,054 $2,914,231 $400,931 $4,801,216 $4,014,769 $299,915
<br />Reconciliation of operating income (loss) to net cash
<br /> provided (used) by operating activities:
<br /> Operating income (loss) $361,620 ($46,742) ($367,422) ($52,544) $61,799 ($572,524)
<br /> Adjustments to reconcile operating income (loss)
<br /> to net cash flows from operating activities:
<br /> Miscellaneous revenue 831 5,796 19,027 25,654 24,875 -
<br /> Depreciation 80,143 688,452 319,398 1,087,993 1,042,367 -
<br /> Changes in assets and liabilities:
<br /> Decrease (increase) in receivables 1,748 (30,146) - (28,398) (49,763) -
<br /> Decrease (increase) in prepaid items 6,146 (71,006) - (64,860) (7,263) -
<br /> Decrease (increase) in inventory (66,620) 24,227 - (42,393) (44,178) -
<br /> Decrease (increase) in deferred outflows of resources - - - - - 1,425,417
<br /> Increase (decrease) in payables (66,674) (41,852) 36,801 (71,725) (50,551) (58,181)
<br /> Increase (decrease) in OPEB liability - - - - - (82,951)
<br /> Increase (decrease) in net pension liability - - - - - (6,993,708)
<br /> Increase (decrease) in deferred inflows of resources - - - - - 6,159,620
<br />Total adjustments (44,426) 575,471 375,226 906,271 915,487 450,197
<br />Net cash provided by (used in) operating activities $317,194 $528,729 $7,804 $853,727 $977,286 ($122,327)
<br />Noncash investing, capital and financing activities:
<br />Assets in the amount of $1,044,885 and $845,081 were contributed to the Water/Sewer/Water Plant Fund in 2023 and 2022, respectively.
<br />Assets in the amount of $372,045 and $311,250 were contributed to the Stormwater Utility Fund in 2023 and 2022, respectively.
<br />Totals
<br />Business-Type Activities Enterprise Funds
<br />The accompanying notes are an integral part of these financial statements.
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