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Elk River Municipal Utilities
<br /> Elk River, Minnesota
<br /> Statement of Cash Flows
<br /> For the Year Ended December 31, 2018
<br /> Electric Water Total
<br /> Cash Flows from Operating Activities
<br /> Receipts from customers and users $ 40,429,994 $ 2,550,717 $ 42,980,711
<br /> Other operating cash receipts 388,920 252,622 641,542
<br /> Payments to suppliers (30,616,974) (886,313) (31,503,287)
<br /> Payments to employees (2,326,410) (539,466) (2,865,876)
<br /> Net Cash Provided
<br /> by Operating Activities 7,875,530 1,377,560 9,253,090
<br /> Cash Flows from
<br /> Noncapital Financing Activities
<br /> Transfers to City (1,188,664) - (1,188,664)
<br /> (Increase)decrease in due from other City funds (2,517) 60 (2,457)
<br /> Increase in due to other City funds 3,755 (3,566) 189
<br /> Net Cash Provided (Used) by Noncapital
<br /> Financing Activities (1,187,426) (3,506) (1,190,932)
<br /> Cash Flows from Capital
<br /> and Related Financing Activities
<br /> Acquisition of capital assets (14,657,362) (442,368) (15,099,730)
<br /> Proceeds from sale of capital assets 16,000 7,425 23,425
<br /> Proceeds from connection fees - 716,810 716,810
<br /> Principal payments on revenue bonds (720,000) (255,000) (975,000)
<br /> Proceeds of bonds issued, net of issuance
<br /> costs and premium on bonds 10,338,289 - 10,338,289
<br /> Interest paid on revenue bonds (326,785) (44,587) (371,372)
<br /> Principal payments on promissory note (198,252) - (198,252)
<br /> Net Cash Used by Capital
<br /> and Related Financing Activities (5,548,110) (17,720) (5,565,830)
<br /> Cash Flows from Investing Activities
<br /> Interest on investments 335,761 26,747 362,508
<br /> Net Increase
<br /> in Cash and Cash Equivalents 1,475,755 1,383,081 2,858,836
<br /> Cash and Cash Equivalents, January 1 13,803,692 5,335,070 19,138,762
<br /> Cash and Cash Equivalents, December 31 $ 15,279,447 $ 6,718,151 $ 21,997,598
<br /> Reconciliation of Cash and Cash
<br /> Equivalents to the Statement of Net Position
<br /> Cash and temporary investments $ 14,018,088 $ 6,718,151 $ 20,736,239
<br /> Restricted cash 1,261,359 - 1,261,359
<br /> Total Cash and Cash Equivalents $ 15,279,447 $ 6,718,151 $ 21,997,598
<br /> The notes to the financial statements are an integral part of this statement.
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