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The notes to the financial statements are an integral part of this statement.
<br />31
<br />Municipal Storm
<br /> Liquor Garbage Sewer Water
<br />CASH FLOWS FROM OPERATING ACTIVITIES
<br /> Receipts from customers and users 6,948,714$ 1,355,278$ 2,098,031$ 511,049$
<br /> Other operating cash receipts 4,220 944 85,844 -
<br /> Payments to suppliers (5,218,377) (1,498,966) (1,637,670) (249,396)
<br /> Payments to employees (712,556) (21,021) (562,308) (78,396)
<br /> Net cash provided (used) by operating activities 1,022,001 (163,765) (16,103) 183,257
<br />CASH FLOWS FROM NONCAPITAL
<br /> FINANCING ACTIVITIES
<br /> Transfers from other funds - 44,030 - -
<br /> Transfers to other funds (710,866) (46,150) (130,000) (15,000)
<br /> Decrease (increase) in due from other funds - - - -
<br /> Increase in due to other funds - - - -
<br /> Net cash provided (used) by
<br /> noncapital financing activities (710,866) (2,120) (130,000) (15,000)
<br />CASH FLOWS FROM CAPITAL AND
<br /> RELATED FINANCING ACTIVITIES
<br /> Connection fees received - - 954,087 -
<br /> Grants received - - 182,724 -
<br /> Acquisition of capital assets - - (711,995) (152,712)
<br /> Proceeds from sale of capital assets - - - -
<br /> Principal paid on capital debt - - (405,000) -
<br /> Interest paid on capital debt - - (264,805) -
<br /> Principal paid on promissory note - - - -
<br /> Net cash provided (used) by capital
<br /> and related financing activities - - (244,989) (152,712)
<br />CASH FLOWS FROM INVESTING ACTIVITIES
<br /> Interest received 40,607 8,819 67,749 (279)
<br />Net increase (decrease) in cash and cash equivalents 351,742 (157,066) (323,343) 15,266
<br />Cash and cash equivalents, January 1 3,402,317 402,142 4,102,071 414,817
<br />Cash and cash equivalents, December 31 3,754,059$ 245,076$ 3,778,728$ 430,083$
<br />Reconciliation of cash and cash equivalents
<br /> to the statement of net position:
<br /> Cash and investments 3,754,059$ 245,076$ 3,778,728$ 430,083$
<br /> Restricted cash and investments - - - -
<br /> Total cash and cash equivalents 3,754,059$ 245,076$ 3,778,728$ 430,083$
<br />CITY OF ELK RIVER, MINNESOTA
<br />STATEMENT OF CASH FLOWS - CONTINUED
<br />PROPRIETARY FUNDS
<br />FOR THE YEAR ENDED DECEMBER 31, 2017
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