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ELK RIVER MUNICIPAL UTILITIES <br />ELK RIVER, MINNESOTA <br />STATEMENTS OF CASH FLOWS -CONTINUED <br />YEARS ENDED DECEMBER 31, 2010 AND 2009 <br /> Electric <br /> 2010 2009 <br />RECONCILIATION OF OPERATING INCOME (LOSS) TO <br />NET CASH PROVIDED BY OPERATING ACTIVITIES <br />Operating income (loss) $ 1,565,610 $ 1,30Q,984 <br />Adjustments to reconcile operating income (loss) <br />to net cash provided by operating activities: <br />182 <br />113 <br />108,585 <br />Other revenue related to operations , <br />100,945 182,931 <br />Bad debt expense 2,062,942 2,126,794 <br />Depreciation <br />(Increase) decrease in assets: <br />(466,245) <br />(237,458) <br />Accounts receivable (28,808) 16,092 <br />Other receivables <br />Special assessments <br />35,497 <br />(33,963) <br />Due from other governments 16,737 294,630 <br />Inventories (64,828) (13,660) <br />Prepaid expenses <br />Increase (decrease) in liabilities: <br />281 <br />91 <br />200,933 <br />Accounts payable <br />, <br />846 <br />10 <br />21,086 <br />Salaries and benefits payable , <br />9 <br />853 10,030 <br />Net other postemploymeut benefits liability , <br />Unearned revenue <br />599 <br />47 <br />(31,789) <br />Compensated absences , <br />14'281 10'248 <br />Due to other governments 937 <br />87 45,630 <br />Customer deposits payable , <br />NET CASH PROVIDED <br />$ <br />829 <br />596 <br />3 <br />$ <br />4,001,073 <br />BY OPERATING ACTIVITIES , <br />, <br />NONCASH CAPITAL AND <br />RELATED FINANCING ACTIVITIES $ 8 819 $ 1],169 <br />Amortization of deferred charges and bond premium <br />di <br />f $ 6,993 $ - <br />un <br />ng <br />Amortization of deferred charges on re <br />t <br />i <br />l $ (11,609) $ (32,1731 <br />asse <br />s <br />ta <br />Loss on disposal of cap <br />rs <br />l <br />d <br />f $ - $ <br />eve <br />ope <br />rom <br />Contribution of capital assets <br />Interest payment on revenue bonds from escrow cash $ $ <br />The notes to the financial statements are an integral part of this statement. <br />_Zg_ <br />