2017.07.17 CC Packet - Laserfiche WebLink

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CITY OF HUGO, MINNESOTA PROPRIETARY FUND Statement of Cash Flows For the Year Ended December 31, 2016 Cash Flows From Operating Activities $ (532,479) Cash received from customers $ 2,670,439 Cash paid to suppliers (1,512,597) Cash paid to employees (360,592) Other income received 579,978 Net Cash Provided By Operating Activities 1,377,228 Cash Flows From Noncapital Financing Activities 579,978 Transfers to other funds (109,068) Cash Flows From Capital and Related (82,438) Financing Activities 388,388 Acquisition of capital assets (92,110) Special assessments and property taxes received 43,018 Net Cash (Used In) Capital and Related Financing Activities (49,092) Cash Flows From Investing Activities 795 Investment earnings received 53,666 Net (decrease) in the fair value of investments (22,568) Net Cash Provided By Investing Activities 31,098 Net Increase in Cash and Cash Equivalents 1,250,166 Cash and Cash Equivalents, Beginning of Year 18,148,180 Cash and Cash Equivalents, End of Year $ 19,398,346 RECONCILIATION OF OPERATING INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES Operating (loss) $ (532,479) Adjustments to reconcile operating (loss) to net cash provided by operating activities Depreciation 606,578 Change in net pension liability 23,369 Future infrastructure charges, included in nonoperating revenues 371,765 Other income 579,978 (Increase) Decrease In: Accounts receivable (82,438) Due from other governmental units 388,388 Increase (Decrease) In: Accounts payable 17,261 Due to other governmental units 1,413 Salaries payable 795 Estimated liability for compensated absences 2,598 Net Cash Provided By Operating Activities $ 1,377,228 Noncash Investing, Capital and Financing Activities Receipt of contributed property $ 569,628 See Notes to Financial Statements