|
Elk River Municipal Utilities
<br />Elk River, Minnesota
<br />Statement of Cash Flows
<br />For the Year Ended December 31, 2019
<br />ElectricWaterTotal
<br />Cash Flows from Operating Activities
<br />Receipts from customers and users$37,495,498$2,379,526$39,875,024
<br />Other operating cash receipts515,237246,901762,138
<br />Payments to suppliers(29,007,568)(853,238)(29,860,806)
<br />Payments to employees(2,618,202)(629,176)(3,247,378)
<br />Net Cash Provided
<br />by Operating Activities6,384,9651,144,0137,528,978
<br />Cash Flows from
<br />Noncapital Financing Activities
<br />Transfers to City(1,157,445)-(1,157,445)
<br />Decrease in due from other City funds5,9904396,429
<br />Increase in due to other City funds68,17312,35780,530
<br />Net Cash Provided (Used) by Noncapital
<br />Financing Activities(1,083,282)12,796(1,070,486)
<br />Cash Flows from Capital
<br />and Related Financing Activities
<br />Acquisition of capital assets(2,824,703)(352,031)(3,176,734)
<br />Proceeds from sale of capital assets15,000-15,000
<br />Proceeds from connection fees-428,662428,662
<br />Principal payments on bonds(940,000)(260,000)(1,200,000)
<br />Interest paid on bonds(640,370)(35,830)(676,200)
<br />Principal payments on promissory note(200,916)-(200,916)
<br />Net Cash Used by Capital
<br />and Related Financing Activities(4,590,989)(219,199)(4,810,188)
<br />Cash Flows from Investing Activities
<br />Interest on investments153,14036,624189,764
<br />Net Increase
<br />in Cash and Cash Equivalents863,834974,2341,838,068
<br />Cash and Cash Equivalents, January 115,279,4476,718,15121,997,598
<br />Cash and Cash Equivalents, December 31$16,143,281$7,692,385$23,835,666
<br />Reconciliation of Cash and Cash
<br />Equivalents to the Statement of Net Position
<br />Cash and temporary investments$14,881,922$7,692,385$22,574,307
<br />Restricted cash1,261,359-1,261,359
<br />Total Cash and Cash Equivalents$16,143,281$7,692,385$23,835,666
<br />The notes to the financial statements are an integral part of this statement.
<br />26
<br />116
<br />
|