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CITY OF ELK RIVER,MINNESOTA
<br /> Elk River Municipal Utilities-Electric System
<br /> Statement of Cash Flows
<br /> For Fiscal Years Ended December 31
<br /> 2010 2011 2012 2013 2014
<br /> CASH FLOWS FORM OPERATING ACTIVITIES
<br /> Receipts From Customers and Users $ 26,414,254 $ 28,519,094 $ 30,481,587 $ 30,744,006 $ 31,288,755
<br /> Other Operating Cash Receipts 55,110 121,385 125,965 134,209 192,433
<br /> Payments to Suppliers (21,426,298) (22,728,996) (23,771,526) (24,329,126) (25,686,149)
<br /> Payments to Employees (1,446,237) (1,515,439) (1,460,301) (1,518,107) (1,748,714)
<br /> Net Cash Provided by Operating Activities $ 3,596,829 $ 4,396,044 $ 5,375,725 $ 5,030,982 $ 4,046,325
<br /> CASH FLOWS FROM NONCAPITAL
<br /> FINANCING ACTIVITIES
<br /> Transfers From Other Funds $ 53,741 $ - $ - $ - $
<br /> -
<br /> Transfers to Other Funds (657,086) (711,415) (816,864) (781,162) (797,835)
<br /> Decrease(Increase)in Due From Other Funds (5,683) (20,287) - - -
<br /> Increase(Decrease)in Due to Other Funds 74,689 20,184 84,127 93,535 53,574
<br /> Net Cash Provided(Used)by Noncapital
<br /> Financing Activities $ (534,339) $ (711,518) $ (732,737) $ (687,627) $ (744,261)
<br /> CASH FLOWS FROM CAPITAL AND RELATED
<br /> FINANCING ACTIVITIES
<br /> Acquisition of Capital Assets $ (998,645) $ (1,010,116) $ (1,517,549) $ (2,540,610) $ (2,219,085)
<br /> Proceeds From Sale of Capital Assets 5,952 - 14,458 27,000 33,000
<br /> Principal Paid on Capital Debt (512,500) (548,000) (559,000) (813,000) (2,853,000)
<br /> Proceeds of Bonds Issued,Net of Issuance Costs
<br /> and Premium on Bonds - - - - 2,046,586
<br /> Interest Paid on Capital Debt (278,928) (260,945) (241,275) (220,878) (191,704)
<br /> Payments on Short Term Account to Acquire
<br /> Capital Assets - - - - -
<br /> Proceeds of Refundng Bonds Issued 1,105,905 - - - -
<br /> Payment to Escrow Agent for Refunded Bond (1,099,671) - - - -
<br /> Principal Paid on Promissory Note (179,328) (182,436) (187,070) (186,588) (189,348)
<br /> Net Cash Used by Capital and Related
<br /> Financing Activities $ (1,957,215) $ (2,001,497) $ (2,490,436) $ (3,734,076) $ (3,373,551)
<br /> CASH FLOWS FROM INVESTING ACTIVITIES
<br /> Interest Received 114,922 110,350 113,216 77,350 111,304
<br /> Net Increase(Decrease)in Cash and Cash Equivalents $ 1,220,197 $ 1,793,379 $ 2,265,768 $ 686,629 $ 39,817
<br /> Cash and Cash Equivalents(January 1) $ 6,091,320 $ 7,311,517 $ 9,104,896 $ 11,370,664 $ 12,057,293
<br /> Cash and Cash Equivalents(December 31) $ 7,311,517 $ 9,104,896 $ 11,370,664 $ 12,057,293 $ 12,097,110
<br /> Reconciliation of Cash and Cash Equivalents
<br /> to the Statement of Net Position
<br /> Cash and Investments S 6,587,017 $ 8,380,396 $ 10,646,164 $ 11,410,293 $ 11,606,610
<br /> Restricted Cash and Investments 724,500 724,500 724,500 647,000 490,500
<br /> Total Cash and Cash Equivalents $ 7,311,517 $ 9,104,896 $ 11,370,664 $ 12,057,293 $ 12,097,110
<br /> Reconciliation of Operating Income(Loss)to Net Cash
<br /> Provided by Operating Activities
<br /> Operating Income(Loss) $ 1,565,610 $ 2,150,936 $ 2,908,378 $ 2,718,487 $ 1,974,562
<br /> Adjustments to Reconcile Operating Income(Loss)
<br /> to Net Cash Provided by Operating Activities:
<br /> Other Revenue Related to Operations 113,182 73,712 144,779 182,920 229,532
<br /> Depreciation Expense 2,062,942 2,041,717 2,099,594 2,029,496 1,914,062
<br /> (Increase)Decrease in Assets:
<br /> Accounts Receivable (394,108) (47,878) 184,681 (169,644) (111,092)
<br /> Due From Other Governments 35,497 - 1,627 (12,209) (13,623)
<br /> Inventories 16,737 20,967 68,325 (34,808) (15,521)
<br /> Prepaid Items (64,828) 18,050 (65,773) 9,811 2,341
<br /> Increase(Decrease)In:
<br /> Accounts Payable 179,218 58,492 50,178 386,632 (58,393)
<br /> Salaries Payable 10,846 2,844 7,233 52,662 16,520
<br /> Due to Other Governments 14,281 71,130 (38,183) (155,225) 129,298
<br /> Unearned Revenue - - 8,262 (8,262) -
<br /> OPEB Liability 9,853 5,663 4,601 4,682 9,890
<br /> Compensated Absences Payable 47,599 411 2,023 26,440 (31,251)
<br /> Net Cash Provided by Operating Activities $ 3,596,829 $ 4,396,044 $ 5,375,725 $ 5,030,982 $ 4,046,325
<br /> Noncash Capital and Related Financing Activities
<br /> Amortization of Bond Premium $ - $ - $ 3,271 S 3,271 $ 14,863
<br /> Amortization of Deferred Charges 8,819 8,634 - - -
<br /> Amortization of Deferred Charges on Refunding 6,993 6,600 6,592 6,592 6,592
<br /> Prior Period Adjustment to Accumulated Depreciation - - - - -
<br /> Assets Purchased on Account - 180,000 - 600,000 -
<br /> Disposal of Capital Assets 74,947 84,778 12,198 110,438 3,475
<br /> -20-
<br /> 138
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