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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> STATEMENT OF CASH FLOWS
<br /> FOR THE YEAR ENDED DECEMBER 31,2015
<br /> Electric Water Total
<br /> CASH FLOWS FROM OPERATING ACTIVITIES
<br /> Receipts from customers and users $ 32,460,951 $ 2,218,848 $ 34,679,799
<br /> Other operating cash receipts 326,880 252,022 578,902
<br /> Payments to suppliers (25,682,803) (777,734) (26,460,537)
<br /> Payments to employees (2,003,949) (530,331) (2,534,280)
<br /> NET CASH PROVIDED
<br /> BY OPERATING ACTIVITIES 5,101,079 1,162,805 6,263,884
<br /> CASH FLOWS FROM
<br /> NONCAPITAL FINANCING ACTIVITIES
<br /> Transfers from City - 94,703 94,703
<br /> Transfers to City (824,743) (30,000) (854,743)
<br /> (Increase)decrease in due from other City funds (1,730) 234,787 233,057
<br /> Increase(decrease)in due to other City funds 47,353 5,083 52,436
<br /> NET CASH PROVIDED(USED)BY NONCAPITAL
<br /> FINANCING ACTIVITIES (779,120) 304,573 (474,547)
<br /> CASH FLOWS FROM CAPITAL
<br /> AND RELATED FINANCING ACTIVITIES
<br /> Acquisition of capital assets (2,345,925) (764,695) (3,110,620)
<br /> Proceeds from sale of capital assets 8,899 - 8,899
<br /> Proceeds from connection fees - 253,934 253,934
<br /> Principal payments on revenue bonds (672,000) (228,000) (900,000)
<br /> Interest paid on revenue bonds (136,360) (67,079) (203,439)
<br /> Principal payments on promissory note (191,508) - (191,508)
<br /> NET CASH USED BY CAPITAL
<br /> AND RELATED FINANCING ACTIVITIES (3,336,894) (805,840) (4,142,734)
<br /> CASH FLOWS FROM INVESTING ACTIVITIES
<br /> Interest on investments 93,451 24,146 117,597
<br /> NET INCREASE
<br /> IN CASH AND CASH EQUIVALENTS 1,078,516 685,684 1,764,200
<br /> CASH AND CASH EQUIVALENTS,JANUARY 1 12,097,110 3,681,481 15,778,591
<br /> CASH AND CASH EQUIVALENTS,DECEMBER 31 $ 13,175,626 $ 4,367,165 $ 17,542,791
<br /> RECONCILIATION OF CASH AND CASH
<br /> EQUIVALENTS TO THE STATEMENT OF NET POSITION
<br /> Cash and temporary investments $ 12,685,126 $ 4,367,165 $ 17,052,291
<br /> Restricted cash 490,500 - 490,500
<br /> TOTAL CASH AND CASH EQUIVALENTS $ 13,175,626 $ 4,367,165 $ 17,542,791
<br /> The notes to the financial statements are an integral part of this statement.
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