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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, 2019
<br />ElectricWaterTotal
<br />Reconciliation of Operating Income (Loss) to
<br />Net Cash Provided by Operating Activities
<br />Operating income (loss)$3,539,547$(366,781)$3,172,766
<br />Adjustments to reconcile operating income (loss)
<br />to net cash provided by operating activities
<br />Other revenue related to operations568,635248,960817,595
<br />Bad debt expense11,828-11,828
<br />Depreciation2,856,2581,147,1494,003,407
<br />(Increase) decrease in assets/deferred outflows:
<br />Accounts receivable(541,177)12,645(528,532)
<br />Other receivables(53,398)(2,059)(55,457)
<br />Special assessments receivable1,20318,37819,581
<br />Inventories(177,027)5,471(171,556)
<br />Prepaid expenses19,4532,22121,674
<br />Deferred pension resources279,36856,948336,316
<br />Increase (decrease) in liabilities/deferred inflows:
<br />Accounts payable(66,123)42,461(23,662)
<br />Salaries and benefits payable21,89845022,348
<br />Net other postemployment benefits liability92,53724,663117,200
<br />Unearned revenue3,0003,8836,883
<br />Compensated absences payable15,955(15,178)777
<br />Due to other governments9,479(505)8,974
<br />Customer deposits payable(62,161)40,950(21,211)
<br />Pension liability26,450(36,233)(9,783)
<br />Deferred pension resources(160,760)(39,410)(200,170)
<br />Net Cash Provided by Operating Activities$6,384,965$1,144,013$7,528,978
<br />Noncash Capital and
<br />Related Financing Activities
<br />Amortization of Bond Premium$51,471$829$52,300
<br />Amortization of Deferred Charges on Refunding$6,684$1,671$8,355
<br />Loss on Disposal of Capital Assets$(17,050)$-$(17,050)
<br />Book Value of Disposed Capital Assets$337,641$-$337,641
<br />Capital Assets Purchased on Account$867,324$18,288$885,612
<br />Contribution of Capital Assets$125,764$-$125,764
<br />Contribution of Grants$10,000$-$10,000
<br />The notes to the financial statements are an integral part of this statement.
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