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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA 1
<br /> STATEMENT OF CASH FLOWS-CONTINUED 1
<br /> FOR THE YEAR ENDED DECEMBER 31,2015
<br /> Electric Water Total
<br /> RECONCILIATION OF OPERATING INCOME(LOSS)TO
<br /> NET CASH PROVIDED BY OPERATING ACTIVITIES
<br /> Operating income(loss) $ 2,655,568 $ (211,758) $ 2,443,810
<br /> Adjustments to reconcile operating income(loss)
<br /> to net cash provided by operating activities
<br /> Other revenue related to operations 279,487 177,298 456,785
<br /> Bad debt expense 42,846 - 42,846
<br /> Depreciation 1,922,359 1,131,110 3,053,469
<br /> (Increase)decrease in assets/deferred outflows:
<br /> Accounts receivable (127,006) (10,734) (137,740)
<br /> Other receivables 21,561 62,064 83,625
<br /> Special assessments receivable (1,079) (25,697) (26,776)
<br /> Due from other governments 25,832 - 25,832
<br /> Inventories (12,434) 2,466 (9,968)
<br /> Prepaid expenses (3,092) (670) (3,762)
<br /> Deferred pension resources (272,949) (28,490) (301,439)
<br /> Increase(decrease)in liabilities/deferred inflows:
<br /> Accounts payable 244,041 58,761 302,802
<br /> Salaries and benefits payable (72,884) (8,607) (81,491)
<br /> Net other postemployment benefits liability 8,109 - 8,109
<br /> Unearned revenue - 12,660 12,660
<br /> Compensated absences payable 71,274 (61,021) 10,253
<br /> Due to other governments 10,716 276 10,992
<br /> Customer deposits payable 37,314 52,742 90,056
<br /> Net pension liability (188,330) (35,582) (223,912)
<br /> Deferred pension resources 459,746 47,987 507,733
<br /> NET CASH PROVIDED BY OPERATING ACTIVITIES $ 5,101,079 $ 1,162,805 $ 6,263,884
<br /> NONCASH CAPITAL AND
<br /> RELATED FINANCING ACTIVITIES
<br /> Amortization of bond premium $ 17,181 $ 818 $ 17,999
<br /> Amortization of deferred charges on refunding $ 6,472 $ 1,648 $ 8,120
<br /> Contribution of capital assets $ - $ 189,669 $ 189,669
<br /> The notes to the financial statements are an integral part of this statement.
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