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CITY OF ELK RIVER
<br /> STATEMENT OF CASH FLOWS
<br /> PROPRIETARY FUNDS
<br /> YEAR ENDED DECEMBER 31, 2016
<br /> Municipal
<br /> Liquor Sewer Garbage Storm Water
<br /> CASH FLOWS FROM OPERATING ACTIVITIES
<br /> Cash Receipts from Customers $ 7,009,388 $ 1,996,517 $ 1,346,101 $ 474,994
<br /> Cash Paid to Suppliers (5,061,531) (619,623) (1,459,207) (103,673)
<br /> Cash Paid to Employees (655,626) (527,311) (22,643) (79,804)
<br /> Other Receipts - - -
<br /> Net Cash Provided(Used)by Operating Activities 1,292,231 849,583 (135,749) 291,517
<br /> CASH FLOWS FROM CAPITAL AND RELATED
<br /> FINANCING ACTIVITIES
<br /> Connection Fees Received - 587,300 -
<br /> Grants Received 560,363
<br /> Proceeds from Issuance of Bonds -
<br /> Principal Payments on Bonds (400,000)
<br /> Interest Payments on Bonds (3,334)
<br /> Principal Payments on Promissory Note
<br /> Acquisition of Capital Assets (4,735,877)
<br /> Proceeds from Sale of Capital Assets 36,501
<br /> Net Cash Provided(Used)by Capital and
<br /> Related Financing Activities (3,955,047) -
<br /> CASH FLOWS FROM INVESTING ACTIVITIES
<br /> Interest Received on Investments (5,987) 52,009 3,782 (1,486)
<br /> CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
<br /> Other Revenue 102,993 -
<br /> Transfers In - 27,716
<br /> Transfers Out (704,567) (119,255) (45,000) (61,744)
<br /> Repayment of Advances from Other Funds
<br /> Repayment of Advances to Other Funds
<br /> Sale of Business Line
<br /> Net Cash Provided(Used)by Noncapital
<br /> Financing Activities (704,567) (16,262) (17,284) (61,744)
<br /> NET INCREASE(DECREASE)IN CASH AND CASH EQUIVALENTS 581,677 (3,069,717) (149,251) 228,287
<br /> Cash and Cash Equivalents-Beginning of the Year 2,820,640 7,171,788 551,393 186,530
<br /> CASH AND CASH EQUIVALENTS-END OF THE YEAR $ 3,402,317 $ 4,102,071 $ 402,142 $ 414,817
<br /> See accompanying Notes to Basic Financial Statements.
<br /> (32)
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