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CITY OF ELK RIVER,MINNESOTA
<br /> Elk River Municipal Utilities-Electric System
<br /> Statement of Cash Flows
<br /> For Fiscal Years Ended December 31
<br /> 2013 2014 2015 2016 2017
<br /> CASH FLOWS FROM OPERATING ACTIVITIES
<br /> Receipts From Customers and Users $ 30,744,006 $ 31,288,755 $ 32,460,951 $ 34,621,945 $ 35,680,481
<br /> Other Operating Cash Receipts 134,209 192,433 326,880 288,497 332,851
<br /> Payments to Suppliers (24,329,126) (25,686,149) (25,682,803) (27,213,605) (28,749,027)
<br /> Payments to Employees (1,518,107) (1,748,714) (2,003,949) (2,243,498) (2,473,566)
<br /> Net Cash Provided by Operating Activities $ 5,030,982 $ 4,046,325 $ 5,101,079 $ 5,453,339 $ 4,790,739
<br /> CASH FLOWS FROM NONCAPITAL
<br /> F NANCING ACTIVITIES
<br /> Transfers From Other Funds $ - $ - $ - $ - $ -
<br /> Transfers to Other Funds (781,162) (797,835) (824,743) (1,089,287) (1,113,264)
<br /> Decrease(Increase)in Due From Other Funds - - - (396) (459)
<br /> Increase(Decrease)in Due to Other Funds 93,535 53,574 45,623 96,106 34,919
<br /> Sale of Business Line - - - 330,923 -
<br /> Net Cash Provided(Used)by Noncapital
<br /> Financing Activities $ (687,627) $ (744,261) $ (779,120) $ (662,654) $ (1,078,804)
<br /> CA.H FLOWS FROM CAPITAL AND RELATED
<br /> I ANCING ACTIVITIES
<br /> Acquisition of Capital Assets $ (2,540,610) $ (2,219,085) $ (2,345,925) $ (12,422,917) $ (3,423,737)
<br /> Proceeds From Sale of Capital Assets 27,000 33,000 8,899 44,218 15,152
<br /> Principal Paid on Capital Debt (813,000) (2,853,000) (672,000) (2,227,000) (706,000)
<br /> Proceeds of Bonds Issued,Net of Issuance Costs
<br /> and Premium on Bonds - 2,046,586 - 11,545,329 -
<br /> Interest Paid on Capital Debt (220,878) (191,704) (136,360) (119,657) (356,558)
<br /> Payments on Short Temi Account to Acquire
<br /> Capital Assets - - - - -
<br /> Proceeds ofRefundng Bonds Issued - - - - -
<br /> Payment to Escrow Agent for Refunded Bond - - - - -
<br /> Principal Paid on Promissory Note (186,588) (189,348) (191,508) (194,292) (195,216)
<br /> Net Cash Provided(Used)by Capital and Related
<br /> Financing Activities $ (3,734,076) $ (3,373,551) $ (3,336,894) $ (3,374,319) $ (4,666,359)
<br /> CA.H FLOWS FROM INVESTING ACTIVITIES
<br /> Interest Received 77,350 111,304 93,451 88,699 77,425
<br /> Net Increase(Decrease)in Cash and Cash Equivalents $ 686,629 $ 39,817 $ 1,078,516 $ 1,505,065 $ (876,999)
<br /> Cash and Cash Equivalents(January 1) $ 11,370,664 $ 12,057,293 $ 12,097,110 $ 13,175,626 $ 14,680,691
<br /> Cas.and Cash Equivalents(December 31) $ 12,057,293 $ 12,097,110 $ 13,175,626 $ 14,680,691 $ 13,803,692
<br /> Re.onciliation of Cash and Cash Equivalents
<br /> t.the Statement of Net Position
<br /> Cash and Investments $ 11,410,293 $ 11,606,610 $ 12,685,126 $ 13,683,031 $ 12,806,032
<br /> Restricted Cash and Investments 647,000 490,500 490,500 997,660 997,660
<br /> Total Cash and Cash Equivalents $ 12,057,293 $ 12,097,110 $ 13,175,626 $ 14,680,691 $ 13,803,692
<br /> Re.onciliation of Operating income(Loss)to Net Cash
<br /> P ovided by Operating Activities
<br /> Operating Income(Loss) $ 2,718,487 $ 1,974,562 $ 2,651,068 $ 2,637,797 $ 2,726,353
<br /> Adjustments to Reconcile Operating Income(Loss)
<br /> to Net Cash Provided by Operating Activities:
<br /> Other Revenue Related to Operations 182,920 229,532 283,987 283,665 344,558
<br /> Depreciation Expense 2,029,496 1,914,062 1,922,359 2,005,093 2,046,935
<br /> (Increase)Decrease in Assets:
<br /> Accounts Receivable (169,644) (111,092) (63,678) (71,825) (598,086)
<br /> Due From Other Governments (12,209) (13,623) 25,832 - -
<br /> Inventories (34,808) (15,521) (12,434) 198,183 (156,314)
<br /> Prepaid Items 9,811 2,341 (3,092) (18,660) 5,356
<br /> Deferred pension resources - - (272,949) (1,212,074) 603,156
<br /> Increase(Decrease)In:
<br /> Accounts Payable 386,632 (58,393) 281,355 (95,736) 401,348
<br /> Salaries Payable 52,662 16,520 (72,884) 22,614 927
<br /> Due to Other Governments (155,225) 129,298 10,716 (26,936) 49,951
<br /> Deposits Payable - - - 235,294 -
<br /> Unearned Revenue (8,262) - - 875 (875)
<br /> OPEB Liability 4,682 9,890 8,109 7,504 6,598
<br /> Compensated Absences Payable 26,440 (31,251) 71,274 25,477 (16,326)
<br /> Deferred Pension Resources - - 459,746 (44,240) 235,980
<br /> Deferred Inflows-Pensions - - (188,330) 1,506,308 (858,822)
<br /> Net Cash Provided by Operating Activities $ 5,030,982 $ 4,046,325 $ 5,101,079 $ 5,453,339 $ 4,790,739
<br /> No cash Capital and Related Financing Activities
<br /> Amortization of Bond Premium $ 3,271 $ 14,863 $ 17,181 $ - $ 50,796
<br /> Amortization of Deferred Charges - - - - -
<br /> Amortization of Deferred Charges on Refunding 6,592 6,592 6,472 - 6,684
<br /> Capital Assets Purchased on Account 600,000 - - - 570,725
<br /> Disposal of Capital Assets 110,438 3,475 - - -
<br /> ContributionofCapitalAssets 0 0 0 - 209,051
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