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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> STATEMENT OF CASH FLOWS-CONTINUED
<br /> FOR THE YEAR ENDED DECEMBER 31,2014
<br /> Electric Water Total
<br /> RECONCILIATION OF OPERATING INCOME(LOSS)TO
<br /> NET CASH PROVIDED BY OPERATING ACTIVITIES
<br /> Operating income(loss) $ 1,974,562 $ (202,462) $ 1,772,100
<br /> Adjustments to reconcile operating income(loss)
<br /> to net cash provided(used)by operating activities
<br /> Other revenue related to operations 229,532 142,497 372,029
<br /> Bad debt expense 2,926 145 3,071
<br /> Depreciation 1,914,062 1,083,770 2,997,832
<br /> (Increase)decrease in assets:
<br /> Accounts receivable (88,900) (16,292) (105,192)
<br /> Other receivables (23,476) (51,706) (75,182)
<br /> Special assessments receivable (1,642) 11,084 9,442
<br /> Due from other governments (13,623) - (13,623)
<br /> Inventories (15,521) (1,476) (16,997)
<br /> Prepaid expenses 2,341 12,063 14,404
<br /> Increase(decrease)in liabilities:
<br /> Accounts payable (71,005) (3,587) (74,592)
<br /> Salaries and benefits payable 16,520 5,470 21,990
<br /> Net other postemployment benefits liability 9,890 - 9,890
<br /> Unearned revenue - 30,440 30,440
<br /> Compensated absences payable (31,251) 797 (30,454)
<br /> Due to other governments 129,298 2,598 131,896
<br /> Customer deposits payable 12,612 (1,000) 11,612
<br /> NET CASH PROVIDED BY OPERATING ACTIVITIES $ 4,046,325 $ 1,012,341 $ 5,058,666
<br /> NONCASH CAPITAL AND
<br /> RELATED FINANCING ACTIVITIES
<br /> Amortization of bond premium $ 14,863 $ 818 $ 15,681
<br /> Amortization of deferred charges on refunding S 6,592 $ 1,649 $ 8,241
<br /> Loss on disposal of capital assets $ 3,475 S 43,138 $ 46,613
<br /> Capital assets purchased on account $ - $ 349,698 $ 349,698
<br /> Contribution of capital assets $ - S 175,091 S 175,091
<br /> The notes to the financial statements are an integral part of this statement.
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