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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> STATEMENTS OF CASH FLOWS -CONTINUED ON THE FOLLOWING PAGES
<br /> FOR THE YEARS ENDED DECEMBER 31,2013 AND 2012
<br /> Electric
<br /> 2013 2012
<br /> CASH FLOWS FROM OPERATING ACTIVITIES
<br /> Receipts from customers and users $ 30,744,006 $ 30,481,587
<br /> Other operating cash receipts 134,209 125,965
<br /> Payments to suppliers (24,329,126) (23,771,526)
<br /> Payments to employees (1,518,107) (1,460,301)
<br /> NET CASH PROVIDED(USED)
<br /> BY OPERATING ACTIVITIES 5,030,982 5,375,725
<br /> CASH FLOWS FROM
<br /> NONCAPITAL FINANCING ACTIVITIES
<br /> Transfers from City - -
<br /> Transfers to City (781,162) (816,864)
<br /> Increase in due to other City funds 93,535 84,127
<br /> NET CASH PROVIDED(USED)BY NONCAPITAL
<br /> FINANCING ACTIVITIES (687,627) (732,737)
<br /> CASH FLOWS FROM CAPITAL
<br /> AND RELATED FINANCING ACTIVITIES
<br /> Acquisition of capital assets (2,540,610) (1,334,562)
<br /> Proceeds from sale of capital assets 27,000 11,471
<br /> Proceeds from connection fees - -
<br /> Principal payments on revenue bonds (813,000) (559,000)
<br /> Payments on short term account to acquire capital assets - (180,000)
<br /> Interest paid on revenue bonds (220,878) (241,275)
<br /> Principal payments on promissory note (186,588) (187,070)
<br /> NET CASH PROVIDED(USED)BY CAPITAL
<br /> AND RELATED FINANCING ACTIVITIES (3,734,076) (2,490,436)
<br /> CASH FLOWS FROM INVESTING ACTIVITIES
<br /> Interest on investments 77,350 113,216
<br /> NET INCREASE
<br /> IN CASH AND CASH EQUIVALENTS 686,629 2,265,768
<br /> CASH AND CASH EQUIVALENTS,JANUARY 1 11,370,664 9,104,896
<br /> CASH AND CASH EQUIVALENTS,DECEMBER 31 $ 12,057,293 $ 11,370,664
<br /> RECONCILIATION OF CASH AND CASH
<br /> EQUIVALENTS TO THE STATEMENT OF NET POSITION
<br /> Cash and temporary investments $ 11,410,293 $ 10,646,164
<br /> Restricted cash 647,000 724,500
<br /> TOTAL CASH AND CASH EQUIVALENTS $ 12,057,293 $ 11,370,664
<br /> The notes to the financial statements are an integral part of this statement.
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