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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER, MINNESOTA
<br /> STATEMENTS OF CASH FLOWS
<br /> YEARS ENDED DECEMBER 31,2012 AND 2011
<br /> Electric
<br /> 2012 2011
<br /> CASH FLOWS FROM OPERATING ACTIVITIES
<br /> Receipts from customers and users $ 30,481,587 S 28,519,094
<br /> Other operating cash receipts 125,965 121,385
<br /> Payments to suppliers (23,771,526) (22,728,996)
<br /> Payments to employees (1,460,301) (1,515,439)
<br /> NET CASH PROVIDED(USED)
<br /> BY OPERATING ACTIVITIES 5,375,725 4,396,044
<br /> CASH FLOWS FROM
<br /> NONCAPITAL FINANCING ACTIVITIES
<br /> Transfers from City - -
<br /> Transfers to City (816,864) (711,415)
<br /> Increase(decrease)in due to other City funds 84,127 (103)
<br /> NET CASH PROVIDED(USED)BY NONCAPITAL
<br /> FINANCING ACTIVITIES (732,737) (711,518)
<br /> CASH FLOWS FROM CAPITAL
<br /> AND RELATED FINANCING ACTIVITIES
<br /> Acquisition of capital assets (1,334,562) (1,010,116)
<br /> Proceeds from sale of capital assets 11,471 -
<br /> Proceeds from connection fees - -
<br /> Principal payments on revenue bonds (559,000) (548,000)
<br /> Payments on short term account to acquire capital assets (180,000) -
<br /> Interest paid on revenue bonds (241,275) (257,670)
<br /> Principal payments on promissory note (187,070) (182,436)
<br /> NET CASH PROVIDED(USED)BY CAPITAL
<br /> AND RELATED FINANCING ACTIVITIES (2,490,436) (1,998,222)
<br /> CASH FLOWS FROM INVESTING ACTIVITIES
<br /> Interest on investments 113,216 110,350
<br /> NET INCREASE(DECREASE)
<br /> IN CASH AND CASH EQUIVALENTS 2,265,768 1,796,654
<br /> CASH AND CASH EQUIVALENTS,JANUARY I 9,108,171 7,311,517
<br /> CASH AND CASH EQUIVALENTS,DECEMBER 31 11,373,939 9,108,171
<br /> RECONCILIATION OF CASH AND CASH
<br /> EQUIVALENTS TO THE STATEMENT OF NET POSITION
<br /> Cash and temporary investments 10,646,164 8,380,396
<br /> Restricted cash 724,500 724,500
<br /> TOTAL CASH AND CASH EQUIVALENTS $ 11,370,664 $ 9,104,896
<br /> The notes to the financial statements are an integral part of this statement.
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