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Elk River Municipal Utilities
<br /> May 6,2013
<br /> Page 4
<br /> 11041P
<br /> The following table gives an indication of the sources and uses of cash for the past five years:
<br /> Cash Provided(Used)By
<br /> Year Beginning Operating Non-capital Capital Investing Ending Cash
<br /> 2012 $ 9,104,896 $ 5,375,725 $ (732,737) $ (2,490,436) S 113,216 $ 11,370,664
<br /> 2011 7,311,517 4,396,044 (711,518) (2,001,497) 110,350 9,104,896
<br /> 2010 6,091,320 3,596,829 (534,339) (1,957,215) 114,922 7,311,517
<br /> 2009 4,633,052 4,001,073 (604,905) (2,027,224) 89,324 6,091,320
<br /> 2008 3,539,677 _ 4,394,357 (513,536) (2,933,272) 145,826 4,633,052
<br /> Cash Now Summary 2008 -2012
<br /> $6,000,000 -
<br /> $5,000,000
<br /> $4,000,000
<br /> $3,000,000
<br /> $2,000,000 •
<br /> $1,000,000
<br /> 5- 1
<br /> $(1,000,000)
<br /> $(2,000,000) •
<br /> $(3,000,000)
<br /> $(4,000,000) -
<br /> 2008 2009 2010 2011 2012
<br /> Operating Activities —M—Non-capital Financing Activities
<br /> —rte—Capital Financing Activities ..Investing Activities
<br /> The cash provided by operating activities has remained strong and was sufficient to cover the amount of capital and debt needs in
<br /> 2012.The summary above highlights the significant amount of cash needed each year for the capital activities of the Utilities.The
<br /> operations have been able to finance the capital activities for the last five years. We recommend that the Utilities continue to closely
<br /> monitor future cash flow with the use of projections and the capital improvement plan.
<br /> 952.835.9090 • Fax 952.835.3261
<br /> www.aemcpas.com
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