2016.07.05 CC Packet - Laserfiche WebLink

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CITY OF HUGO, MINNESOTA PROPRIETARY FUND Statement of Cash Flows For the Year Ended December 31, 2015 Cash Flows From Operating Activities Cash received from customers $ 2,487,751 Cash paid to suppliers (1,688,529) Cash paid to employees (349,540) Other income 225,393 Net Cash Provided By Operating Activities 675,075 Cash Flows From Noncapital Financing Activities Transfers to other funds (107,839) Cash Flows From Capital and Related Financing Activities Acquisition of capital assets (26,739) Special assessments and property taxes 41,773 Net Cash Provided By Capital and Related Financing Activities 15,034 Cash Flows From Investing Activities Investment earnings received 89,240 Net increase (decrease) in the fair value of investments 17,670 Net Cash Provided By Investing Activities 106,910 Net Increase in Cash and Cash Equivalents 689,180 Cash and Cash Equivalents, Beginning of Year 17,459,000 Cash and Cash Equivalents, End of Year $ 18,148,180 RECONCILIATION OF OPERATING INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES Operating (loss) $ (259,925) Adjustments to reconcile operating (loss) to net cash provided by operating activities Depreciation 587,412 Change in net pension liability 3,324 Future infrastructure charges, included in nonoperating revenues 539,576 Other income 225,393 (Increase) Decrease In: Accounts receivable (49,089) Due from other governmental units (388,388) Increase (Decrease) In: Accounts payable 16,693 Due to other governmental units 1,695 Salaries payable 841 Estimated liability for compensated absences (2,457) Net Cash Provided By Operating Activities $ 675,075 Noncash Investing, Capital and Financing Activities Receipt of contributed property $ 1,033,897 See Notes to Financial Statements M