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<br />CITY OF ELK RIVER, MINNESOTA
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<br />STA
<br />TEMENT OF CASH FLOWS '
<br /> PROPRIETARY FUNDS
<br />YEAR ENDED DECEMBER 31, 2009
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<br /> Municipal Liquor Garbage
<br /> Current Year Prior Year Current Year Prior Year
<br />CASH FLOWS FROM OPERATING ACTIVITIES
<br />Receipts from customers and users $ 6,076,662 $ 6,210,329 $ 1,140,154 $ 1,157,965
<br />Other operating cash receipts 23,143 4,335 92,957 22,975
<br />Payments to suppliers (4,588,952) (4,738,377) (1,182,124) (1,136,597)
<br />Payments to employees (593,994) (575,720) (29,579) (26,340)
<br />Net cash provided by operating activities 916,859 900,567 21,408 18,003
<br />CASH FLOWS FROM NONCAPITAL
<br />FINANCING ACTIVITIES
<br />Transfers from other funds - - 25,639 37,883
<br />Transfers to other funds (400,500) (471,548) - -
<br />Decrease (increase) in due from other funds - - - -
<br />Increase (decrease) in due to other funds - - - -
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<br />Net cash provided (used) by ,
<br />noncapital financing activities (400,500) (471,548) 25,639 37,883
<br />CASH FLOWS FROM CAPITAL AND
<br />
<br />RELATED FINANCING ACTIVITIES '
<br />Acquisition of capital assets (28,556) - - -
<br />Principalpaid on capital debt (95,000) (75,000} - -
<br />Payments on short term account to acquire capital assets - - - -
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<br />Proceeds of revenue bonds
<br />-
<br />-
<br />-
<br />- '
<br />Withdrawal from escrow fund - - - -
<br />Payment to escrow agent for refunded bond - - - -
<br />Interestpaid on capital debt (46,237) (50,062) - -
<br />Principal paid on promissory note - - - -
<br />Netcash used by capital
<br />and related fmancing activities (169,793) (125,062) - -
<br />CASH FLOWS FROM INVESTING ACTIVITIES '
<br />Interest received 79,569 118,614 7,635 10,226
<br />Net increase (decrease) in cash and cash equivalents 426,135 422,571 54,682 66,112 '
<br />Cash and cash equivalents, January 1 3,400,274 2,977,703 308,640 242,528
<br />Cash and cash equivalents, December 31 $ 3,826,409 $ 3,400,274 $ 363,322 $ 308,640 '
<br />Reconciliation of cash and cash equivalents ,
<br />to the statement of net assets:
<br />Cash and investments $ 3,826,409 $ 3,400,274 $ 363,322 $ 308,640
<br />Restricted cash and investments - - - -
<br />Total cash and cash equivalents $ 3,826,409 $ 3,400,274 $ 363,322 $ 308,640 ,
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<br />The notes to the financial statements are an integral part of this statement.
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