|
ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER, MINNESOTA
<br /> STATEMENTS OF CASH FLOWS-CONTINUED
<br /> FOR THE YEARS ENDED DECEMBER 31,2013 AND 2012
<br /> Electric
<br /> 2013 2012
<br /> RECONCILIATION OF OPERATING INCOME TO
<br /> NET CASH PROVIDED(USED)BY OPERATING ACTIVITIES
<br /> Operating income $ 2,718,487 $ 2,908,378
<br /> Adjustments to reconcile operating income
<br /> to net cash provided(used)by operating activities:
<br /> Other revenue related to operations 182,920 144,779
<br /> Bad debt expense 14,103 42,395
<br /> Depreciation 2,029,496 2,099,594
<br /> (Increase)decrease in assets:
<br /> Accounts receivable (143,444) 162,727
<br /> Other receivables (36,502) (20,441)
<br /> Special assessments (3,801) -
<br /> Due from other governments (12,209) 1,627
<br /> Inventories (34,808) 68,325
<br /> Prepaid expenses 9,811 (65,773)
<br /> Increase(decrease)in liabilities:
<br /> Accounts payable 333,498 (1,730)
<br /> Salaries and benefits payable 52,662 7,233
<br /> Net other postemployment benefits liability 4,682 4,601
<br /> Unearned revenue (8,262) 8,262
<br /> Compensated absences 26,440 2,023
<br /> Due to other governments (155,225) (38,183)
<br /> Customer deposits payable 53,134 51,908
<br /> NET CASH PROVIDED(USED)
<br /> BY OPERATING ACTIVITIES $ 5,030,982 $ 5,375,725
<br /> NONCASH CAPITAL AND
<br /> RELATED FINANCING ACTIVITIES
<br /> Amortization of bond premium $ 3,271 $ 3,271
<br /> Amortization of deferred charges on refunding $ 6,592 $ 6,592
<br /> Loss on disposal of capital assets $ 110,438 $ 9,211
<br /> Capital assets purchased on account $ 600,000 $ -
<br /> Contribution of capital assets $ - $ -
<br /> The notes to the financial statements are an integral part of this statement.
<br /> 81
<br />
|