|
CITY OF ELK RIVER,MINNESOTA
<br /> Elk River Municipal Utilities-Electric System
<br /> Statement of Cash Flows
<br /> For Fiscal Years Ended December 31
<br /> 2008 2009 2010 2011 2012
<br /> CASH FLOWS FORM OPERATING ACTIVITIES
<br /> Receipts From Customers and Users $ 23,171,758 $24,114,123 $26,414,254 $28,519,094 $30,481,587
<br /> Other Operating Cash Receipts 202,455 12,506 55,110 121,385 126965
<br /> Payments to Suppliers (17,617,200) (18,793,418) (21,426,298) (22,728.996) (23,771,526)
<br /> Payments to Employees (1,362,656) (1,332.138) (1,446,237) (1,515,439) (1,460,301)
<br /> Net Cash Provided by Operating Activities $ 4,394,357 $ 4,001,073 $ 3,596,829 $ 4,396,044 $ 5,375,725
<br /> CASH FLOWS FROM NONCAPITAL
<br /> FINANCING ACTIVITIES
<br /> Transfers From Other Funds $ - $ - $ 53,741 $ - $ -
<br /> Transfers to Other Funds (540,636) (585,141) (657,086) (711,415) (816,864)
<br /> Decrease(Increase)in Due From Other Funds (3,202) 1,621 (5,683) (20,287)
<br /> Increase(Decrease)in Due to Other Funds 30,302 (21,385) 74,689 20,184 84,127
<br /> Net Cash Provided(Used)by Noncapital
<br /> Financing Activities $ (513,536) $ (604,905) $ (534.339) $ (711,518) $ (732,737)
<br /> CASH FLOWS FROM CAPITAL AND RELATED
<br /> FINANCING ACTIVITIES
<br /> Acquisition of Capital Assets $ (2,030,658) $ (1,214,469) $ (998.645) $ (1,010,116) $ (1,517,549)
<br /> Proceeds From Sale of Capital Assets - - 5.952 - 14,458
<br /> Principal Paid on Capital Debt (320,000) (328,750) (512,500) (548,000) (559,000)
<br /> Interest Paid on Capital Debt (316,535) (306,657) (278,928) (260,945) (241,275)
<br /> Payments on Shod Term Account to Acquire
<br /> Capital Assets (89,019) - - - -
<br /> Proceeds of Refundng Bonds Issued - - 1,105,905 - -
<br /> Payment to Escrow Agent for Refunded Bond - - (1,099,671) - -
<br /> Principal Paid on Promissory Note (177,060) (177,348) (179,328) (182,436) (187,070)
<br /> Net Cash Used by Capital and Related
<br /> Financing Activities $ (2,933,272) $ (2,027,224) $ (1,957.215) $ (2,001,497) $ (2,490,436)
<br /> CASH FLOWS FROM INVESTING ACTIVITIES
<br /> Interest Received 145,826 89,324 114,922 110,350 113,216
<br /> Net Increase(Decrease)in Cash and Cash Equivalents $ 1,093,375 $ 1,458,268 $ 1,220,197 $ 1,793,379 $ 2,265,768
<br /> Cash and Cash Equivalents(January 1) $ 3,539,677 $ 4,633,052 $ 6,091,320 $ 7,311,517 $ 9,104,896
<br /> Cash and Cash Equivalents(December31) $ 4,633.052 $ 6,091,320 $ 7,311,517 $ 9,104,896 $11,370,664
<br /> Reconciliation of Cash and Cash Equivalents
<br /> to the Statement of Net Position
<br /> Cash and Investments $ 3,908.552 $ 5,366,820 $ 6,587,017 $ 8,380,396 $10,646,164
<br /> Restricted Cash and Investments 724,500 724,500 724,500 724,500 724,500
<br /> Total Cash and Cash Equivalents $ 4,633,052 $ 6,091,320 $ 7,311,517 $ 9,104,896 $11,370,664
<br /> Reconciliation of Operating Income(Loss)to Net Cash
<br /> Provided by Operating Activities
<br /> Operating Income(Loss) $ 1336,993 $ 1,300,984 $ 1,565,610 $ 2,150,936 $ 2,908,378
<br /> Adjustments to Reconcile Operating Income(Loss)
<br /> to Net Cash Provided by Operating Activities:
<br /> Other Revenue Related to Operations 427,738 108,585 113,182 73,712 144,779
<br /> Depreciation Expense 2,057,851 2,126,794 2,062,942 2,041,717 2,099,594
<br /> (Increase)Decrease in Assets.
<br /> Accounts Receivable (117,665) (38,435) (394,108) (47,878) 184,681
<br /> Due From Other Governments 35,274 (33,963) 35,497 - 1,627
<br /> Inventories 54,312 294,630 16,737 20,967 68,325
<br /> Prepaid Items 51,853 (13,660) (64.828) 18,050 (65,773)
<br /> Increase(Decrease)In:
<br /> Accounts Payable 516,660 246,563 179,218 58,492 50,178
<br /> Salaries Payable 16,942 21,086 10,846 2,844 7.233
<br /> Due to Other Governments 21.954 10,248 14,281 71,130 (38,183)
<br /> Unearned Revenue - - - - 8,262
<br /> OPEB Liability 10,213 10,030 9,853 5,663 4,601
<br /> Compensated Absences Payable (17,768) (31,789) 47,599 411 2,023
<br /> Net Cash Provided by Operating Activities $ 4,394,357 $ 4,001,073 $ 3,596,829 $ 4,396,044 $ 5,375,725
<br /> Noncash Capital and Related Financing Activities
<br /> Amortization of Bond Premium $ - $ - $ - $ - $ 3,271
<br /> Amortization of Deferred Charges 11,169 11,169 8,819 8,634 -
<br /> Amortization of Deferred Charges on Refunding - - 6,993 6,600 6,592
<br /> Prior Period Adjustment to Accumulated Depreciation 108,417 - - - -
<br /> Assets Purchased on Account - - - 180,000
<br /> -
<br /> Disposal of Capital Assets 8,369 266,697 74,947 84,778 12,198
<br /> - 19 -
<br /> 100
<br />
|