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CITY OF ELK RIVER,MINNESOTA
<br /> STATEMENT OF CASH FLOWS
<br /> PROPRIETARY FUNDS
<br /> FOR THE YEAR ENDED DECEMBER 31,2014
<br /> Municipal
<br /> Liquor Garbage Sewer Water Electric Total
<br /> CASH FLOWS FROM OPERATING ACTIVITIES
<br /> Receipts from customers and users $ 6,823,772 S 1,292,815 $ 1,668,977 $ 2,142,119 S 31,288,755 $ 43,216,438
<br /> Other operating cash receipts 1,623 2,877 42,410 121,231 192,433 360,574
<br /> Payments to suppliers (5,007,187) (1,274,947) (572,279) (847,666) (25,686,149) (33,388,228)
<br /> Payments toemployees (639,530) (19,329) (465,596) (403,343) (1,748,714) (3,276,512)
<br /> Net cash provided by operating activities 1,178,678 1,416 673,512 1,012,341 4,046,325 6,912,272
<br /> CASH FLOWS FROM NONCAPITAL
<br /> FINANCING ACTIVITIES
<br /> Transfers from other funds - 8,182 - 329,490 - 337,672
<br /> Transfers to other funds (685,060) (43,150) (118,650) (25,000) (797,835) (1,669,695)
<br /> Increase(decrease)in due to other funds - - - (555,225) 53,574 (501,651)
<br /> Net cash provided(used)by
<br /> noncapital financing activities (685,060) (34,968) (118,650) (250,735) (744,261) (1,833,674)
<br /> CASH FLOWS FROM CAPITAL AND
<br /> RELATED FINANCING ACTIVITIES
<br /> Acquisition of capital assets - - (1,929,636) (274,940) (2,219,085) (4,423,661)
<br /> Proceeds from sale of capital assets - - - 7,254 33,000 40,254
<br /> Connection fees received - - 560,580 375,329 - 935,909
<br /> Principal paid on capital debt - - (560,000) (527,000) (2,853,000) (3,940,000)
<br /> Proceeds of bonds issued,net of issuance costs
<br /> and premium on bonds - - 9,984,625 - 2,046,586 12,031,211
<br /> Interest paid on capital debt - - (11,659) (78,846) (191,704) (282,209)
<br /> Principal paid on promissory note - • - - (189,348) (189,348)
<br /> Net cash provided(used)by capital
<br /> and related financing activities - 8,043,910 (498,203) (3,373,551) 4,172,156
<br /> CASH FLOWS FROM INVESTING ACTIVITIES
<br /> Interest received 106,310 33,052 302,689 27,199 111,304 580,554
<br /> Net increase(decrease)in cash and cash equivalents 599,928 (500) 8,901,461 290,602 39,817 9,831,308
<br /> Cash and cash equivalents,January 1 1,992,380 606,857 5,446,672 3,390,879 12,057,293 23,494,081
<br /> Cash and cash equivalents,December 31 $ 2,592,308 $ 606,357 $ 14,348,133 $ 3,681,481 _La..) $234104
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<br /> Reconciliation of cash and cash equivalents
<br /> to the statement of net position:
<br /> Cash and investments $ 2,592,308 $ 606,357 $ 14,348,133 S 3,681,481 $ 11,606,610 $ 32,834,889
<br /> Restricted cash and investments - - - 490,500 490,500
<br /> Total cash and cash equivalents $ 2,592,308 $ 606,357 .3...242_1......48 133 $ 3,681,481 .1_1,,,10/.7,110 $ 33,325 3L89
<br /> The notes to the financial statements are an integral part of this statement.
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