|
Elk River Municipal Utilities
<br /> Elk River, Minnesota
<br /> Statement of Cash Flows (Continued)
<br /> For the Year Ended December 31, 2017
<br /> Electric Water Total
<br /> Reconciliation of Operating Income (Loss) to
<br /> Net Cash Provided by Operating Activities
<br /> Operating income (loss) $ 2,726,353 $ (479,744) $ 2,246,609
<br /> Adjustments to reconcile operating income (loss)
<br /> to net cash provided by operating activities
<br /> Other revenue related to operations 344,558 227,406 571,964
<br /> Bad debt expense (2,280) 366 (1,914)
<br /> Depreciation 2,046,935 1,191,894 3,238,829
<br /> (Increase) decrease in assets/deferred outflows:
<br /> Accounts receivable (582,741) (16,656) (599,397)
<br /> Other receivables (11,707) (7,887) (19,594)
<br /> Special assessments receivable (1,358) 12,881 11,523
<br /> Inventories (156,314) (3,272) (159,586)
<br /> Prepaid expenses 5,356 (4,594) 762
<br /> Deferred pension resources 603,156 (21,207) 581,949
<br /> Increase (decrease) in liabilities/deferred inflows:
<br /> Accounts payable 256,717 (60,303) 196,414
<br /> Salaries and benefits payable 927 (920) 7
<br /> Net other postemployment benefits liability 6,598 1,394 7,992
<br /> Unearned revenue (875) 3,590 2,715
<br /> Compensated absences payable (16,326) 5,174 (11,152)
<br /> Due to other governments 49,951 (123) 49,828
<br /> Customer deposits payable 144,631 (1,011) 143,620
<br /> Net pension liability (858,822) 181,438 (677,384)
<br /> Deferred pension resources 235,980 83,886 319,866
<br /> Net Cash Provided by Operating Activities $ 4,790,739 $ 1,112,312 $ 5,903,051
<br /> Noncash Capital and
<br /> Related Financing Activities
<br /> Amortization of Bond Premium $ 50,796 $ 829 $ 51,625
<br /> Amortization of Deferred Charges on Refunding $ 6,684 $ 1,671 $ 8,355
<br /> Disposal of Capital Assets $ 45,880 $ 30,452 $ 76,332
<br /> Capital Assets Purchased on Account $ 570,725 $ - $ 570,725
<br /> Contribution of Capital Assets $ 209,051 $ - $ 209,051
<br /> The notes to the financial statements are an integral part of this statement.
<br /> 27
<br /> 91
<br />
|