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<br />I <br /> <br /> <br />CITY OF ELK RIVER, MINNESOTA <br />STATEMENT OF CASH FLOWS <br />PROPRIETARY FUNDS <br />YEAR ENDED DECEMBER 31, 2004 <br /> Municipal <br /> Liquor Garbage Sewer <br />Reconciliation of operating income to net cash <br />provided (used) by operating activities: <br />Operating income (loss) $ 616,846 $ 28,359 $ (205,547) <br />Adjustments to reconcile operating income (loss) to <br />net cash provided (used) by operating activities: <br />Other revenue related to operations 1,222,100 <br />Depreciation expense 64,083 724,112 <br />(Increase) decrease in assets: <br />Accounts receivable (409) (1,066) (862) <br />Due from other governments 1,684 <br />Due from other funds (7,053) (9,214) <br />Inventories (47,004) <br />Prepaid items 28 <br />Increase (decrease) in: <br />Accounts payable 160,109 7,290 94,222 <br />Salaries payable (9,350) (91) (5,775) <br />Compensated absences 5,327 <br />Net cash provided by operating activities $ 791,314 $ 27,439 $ 1,819,036 <br />Noncash capital and related financing activities: <br />Amortization of bond discount $ $ $ 7,023 <br />Discount on bonds issued <br />Disposal of capital assets <br />Contribution of capital assets from developers 1,532,501 <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br />I <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />31 <br /> <br />I <br />I <br /> <br />The notes to the fmancial statements are an integral part of this statement. <br />