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Elk River Municipal Utilities
<br /> Elk River, Minnesota
<br /> Statement of Cash Flows
<br /> For the Year Ended December 31, 2017
<br /> Electric Water Total
<br /> Cash Flows from Operating Activities
<br /> Receipts from customers and users $ 35,680,481 $ 2,325,049 $ 38,005,530
<br /> Other operating cash receipts 332,851 219,519 552,370
<br /> Payments to suppliers (28,749,027) (884,758) (29,633,785)
<br /> Payments to employees (2,473,566) (547,498) (3,021,064)
<br /> Net Cash Provided
<br /> by Operating Activities 4,790,739 1,112,312 5,903,051
<br /> Cash Flows from
<br /> Noncapital Financing Activities
<br /> Transfers to City (1,113,264) - (1,113,264)
<br /> (Increase) decrease in due from other City funds (459) 299,940 299,481
<br /> Increase in due to other City funds 34,919 3,568 38,487
<br /> Net Cash Provided (Used) by Noncapital
<br /> Financing Activities (1,078,804) 303,508 (775,296)
<br /> Cash Flows from Capital
<br /> and Related Financing Activities
<br /> Acquisition of capital assets (3,423,737) (877,420) (4,301,157)
<br /> Proceeds from sale of capital assets 15,152 7,448 22,600
<br /> Proceeds from connection fees - 799,223 799,223
<br /> Principal payments on revenue bonds (706,000) (244,000) (950,000)
<br /> Interest paid on revenue bonds (356,558) (52,750) (409,308)
<br /> Principal payments on promissory note (195,216) - (195,216)
<br /> Net Cash Used by Capital
<br /> and Related Financing Activities (4,666,359) (367,499) (5,033,858)
<br /> Cash Flows from Investing Activities
<br /> Interest on investments 77,425 30,785 108,210
<br /> Net Increase (Decrease)
<br /> in Cash and Cash Equivalents (876,999) 1,079,106 202,107
<br /> Cash and Cash Equivalents, January 1 14,680,691 4,255,964 18,936,655
<br /> Cash and Cash Equivalents, December31 $ 13,803,692 $ 5,335,070 $ 19,138,762
<br /> Reconciliation of Cash and Cash
<br /> Equivalents to the Statement of Net Position
<br /> Cash and temporary investments $ 12,806,032 $ 5,335,070 $ 18,141,102
<br /> Restricted cash 997,660 - 997,660
<br /> Total Cash and Cash Equivalents $ 13,803,692 $ 5,335,070 $ 19,138,762
<br /> The notes to the financial statements are an integral part of this statement.
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