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Elk River Municipal Utilities
<br /> Elk River, Minnesota
<br /> Statement of Cash Flows (Continued)
<br /> For the Year Ended December 31, 2018
<br /> Electric Water Total
<br /> Reconciliation of Operating Income(Loss)to
<br /> Net Cash Provided by Operating Activities
<br /> Operating income(loss) $ 3,578,499 $ (108,463) $ 3,470,036
<br /> Adjustments to reconcile operating income(loss)
<br /> to net cash provided by operating activities
<br /> Other revenue related to operations 372,253 241,416 613,669
<br /> Bad debt expense (63,452) (25,942) (89,394)
<br /> Depreciation 2,297,349 1,193,745 3,491,094
<br /> (Increase)decrease in assets/deferred outflows:
<br /> Accounts receivable 1,574,880 8,792 1,583,672
<br /> Other receivables 16,667 11,206 27,873
<br /> Special assessments receivable (1,850) 20,771 18,921
<br /> Inventories 144,759 1,161 145,920
<br /> Prepaid expenses 17,798 7,943 25,741
<br /> Deferred pension resources 358,253 71,948 430,201
<br /> Increase(decrease) in liabilities/deferred inflows:
<br /> Accounts payable (123,403) 21,283 (102,120)
<br /> Salaries and benefits payable 15,179 6,720 21,899
<br /> Net other postemployment benefits liability 5,270 16,765 22,035
<br /> Unearned revenue - 3,733 3,733
<br /> Compensated absences payable 49,525 4,379 53,904
<br /> Due to other governments (13,222) 861 (12,361)
<br /> Customer deposits payable 77,059 1,600 78,659
<br /> Pension liability (460,242) (102,335) (562,577)
<br /> Deferred pension resources 30,208 1,977 32,185
<br /> Net Cash Provided by Operating Activities $ 7,875,530 $ 1,377,560 $ 9,253,090
<br /> Noncash Capital and
<br /> Related Financing Activities
<br /> Amortization of Bond Premium $ 48,645 $ 829 $ 49,474
<br /> Amortization of Deferred Charges on Refunding $ 6,684 $ 1,671 $ 8,355
<br /> Loss on Disposal of Capital Assets $ (20,961) $ - $ (20,961)
<br /> Capital Assets Purchased on Account $ 757,087 $ 7,652 $ 764,739
<br /> Contribution of Capital Assets $ 352,104 $ - $ 352,104
<br /> The notes to the financial statements are an integral part of this statement.
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