|
ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> STATEMENT OF CASH FLOWS
<br /> FOR THE YEAR ENDED DECEMBER 31,2014
<br /> Electric Water Total
<br /> CASH FLOWS FROM OPERATING ACTIVITIES
<br /> Receipts from customers and users $ 31,288,755 $ 2,142,119 $ 33,430,874
<br /> Other operating cash receipts 192,433 121,231 313,664
<br /> Payments to suppliers (25,686,149) (847,666) (26,533,815)
<br /> Payments to employees (1,748,714) (403,343) (2,152,057)
<br /> NET CASH PROVIDED
<br /> BY OPERATING ACTIVITIES 4,046,325 1,012,341 5,058,666
<br /> CASH FLOWS FROM
<br /> NONCAPITAL FINANCING ACTIVITIES
<br /> Transfers from City - 329,490 329,490
<br /> Transfers to City (797,835) (25,000) (822,835)
<br /> (Increase)decrease in due from other City funds 5,232 (329,338) (324,106)
<br /> Increase(decrease)in due to other City funds 48,342 (225,887) (177,545)
<br /> NET CASH PROVIDED(USED)BY NONCAPITAL
<br /> FINANCING ACTIVITIES (744,261) (250,735) (994,996)
<br /> CASH FLOWS FROM CAPITAL
<br /> AND RELATED FINANCING ACTIVITIES
<br /> Acquisition of capital assets , (2,219,085) (274,940) (2,494,025)
<br /> Proceeds from sale of capital assets 33,000 7,254 40,254
<br /> Proceeds from connection fees - 375,329 375,329
<br /> Principal payments on revenue bonds (2,853,000) (527,000) (3,380,000)
<br /> Proceeds of refunding bonds issued,net of issuance
<br /> costs and premium on bonds 2,046,586 - 2,046,586
<br /> Interest paid on revenue bonds (191,704) (78,846) (270,550)
<br /> Principal payments on promissory note (189,348) - (189,348)
<br /> NET CASH USED BY CAPITAL
<br /> AND RELATED FINANCING ACTIVITIES (3,373,551) (498,203) (3,871,754)
<br /> CASH FLOWS FROM INVESTING ACTIVITIES
<br /> Interest on investments 111,304 27,199 138,503
<br /> NET INCREASE
<br /> IN CASH AND CASH EQUIVALENTS 39,817 290,602 330,419
<br /> CASH AND CASH EQUIVALENTS,JANUARY 1 12,057,293 3,390,879 15,448,172
<br /> CASH AND CASH EQUIVALENTS,DECEMBER 31 $ 12,097,110 $ 3,681,481 $ 15,778,591
<br /> RECONCILIATION OF CASH AND CASH
<br /> EQUIVALENTS TO THE STATEMENT OF NET POSITION
<br /> Cash and temporary investments $ 11,606,610 $ 3,681,481 $ 15,288,091
<br /> Restricted cash 490,500 - 490,500
<br /> TOTAL CASH AND CASH EQUIVALENTS $ 12,097,110 $ 3,681,481 $ 15,778,591
<br /> The notes to the financial statements are an integral part of this statement.
<br /> 78
<br />
|