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CITY OF ELK RIVER, MINNESOTA
<br />Elk River Municipal Utilities - Electric System
<br />Statement of Cash Flows
<br />For Fiscal Years Ended December 31
<br />20152016201720182019
<br />CASH FLOWS FROM OPERATING ACTIVITIES
<br />Receipts From Customers and Users$ 32,460,951$ 34,621,945$ 35,680,481$ 40,429,994$ 37,495,498
<br />Other Operating Cash Receipts326,880288,497332,851387,970515,237
<br />Payments to Suppliers(25,682,803)(27,213,605)(28,749,027)(30,616,974)(29,007,568)
<br />Payments to Employees(2,003,949)(2,243,498)(2,473,566)(2,326,410)(2,618,202)
<br />Net Cash Provided by Operating Activities$ 5,101,079$ 5,453,339$ 4,790,739$ 7,874,580$ 6,384,965
<br />CASH FLOWS FROM NONCAPITAL
<br /> FINANCING ACTIVITIES
<br />Transfers to Other Funds$ (824,743)$ (1,089,287)$ (1,113,264)$ (1,187,714)$ (1,157,445)
<br />Decrease (Increase) in Due From Other Funds-(396)(459)(2,517)5,900
<br />Increase (Decrease) in Due to Other Funds45,62396,10634,9193,75568,173
<br />Sale of Business Line-330,923---
<br />Net Cash Provided (Used) by Noncapital
<br /> Financing Activities$ (779,120)$ (662,654)$ (1,078,804)$ (1,186,476)$ (1,083,372)
<br />CASH FLOWS FROM CAPITAL AND RELATED
<br /> FINANCING ACTIVITIES
<br />Acquisition of Capital Assets$ (2,345,925)$ (12,422,917)$ (3,423,737)$ (14,657,362)$ (2,824,703)
<br />Proceeds From Sale of Capital Assets8,89944,21815,15216,00015,000
<br />Principal Paid on Capital Debt(672,000)(2,227,000)(706,000)(720,000)(940,000)
<br />Proceeds of Bonds Issued, Net of Issuance Costs
<br /> and Premium on Bonds-11,545,329-10,338,289-
<br />Interest Paid on Capital Debt(136,360)(119,657)(356,558)(326,785)(640,370)
<br />Principal Paid on Promissory Note(191,508)(194,292)(195,216)(198,252)(200,916)
<br />Net Cash Provided (Used) by Capital and Related
<br /> Financing Activities$ (3,336,894)$ (3,374,319)$ (4,666,359)$ (5,548,110)$ (4,590,989)
<br />CASH FLOWS FROM INVESTING ACTIVITIES
<br />Interest Received93,45188,69977,425335,761153,140
<br />Net Increase (Decrease) in Cash and Cash Equivalents$ 1,078,516$ 1,505,065$ (876,999)$ 1,475,755$ 863,744
<br />Cash and Cash Equivalents (January 1)$ 12,097,110$ 13,175,626$ 14,680,691$ 13,803,692$ 15,279,447
<br />Cash and Cash Equivalents (December 31)$ 13,175,626$ 14,680,691$ 13,803,692$ 15,279,447$ 16,143,191
<br />Reconciliation of Cash and Cash Equivalents
<br /> to the Statement of Net Position
<br />Cash and Investments$ 12,685,126$ 13,683,031$ 12,806,032$ 14,018,088$ 14,881,922
<br />Restricted Cash and Investments490,500997,660997,6601,261,3591,261,359
<br />Total Cash and Cash Equivalents$ 13,175,626$ 14,680,691$ 13,803,692$ 15,279,447$ 16,143,281
<br />Reconciliation of Operating Income (Loss) to Net Cash
<br /> Provided by Operating Activities
<br />Operating Income (Loss)$ 2,651,068$ 2,637,797$ 2,726,353$ 3,578,499$ 3,539,547
<br />Adjustments to Reconcile Operating Income (Loss)
<br /> to Net Cash Provided by Operating Activities:
<br />Other Revenue Related to Operations283,987283,665344,558371,303568,635
<br />Bad Debt Expense----11,828
<br />Depreciation Expense1,922,3592,005,0932,046,9352,297,3492,856,258
<br />(Increase) Decrease in Assets:
<br /> Accounts Receivable(63,678)(71,825)(598,086)1,526,245(541,177)
<br /> Due From Other Governments25,832---(53,398)
<br />Special assessments receivable----1,203
<br /> Inventories(12,434)198,183(156,314)144,759(177,027)
<br /> Prepaid Items(3,092)(18,660)5,35617,79819,453
<br /> Deferred pension resources(272,949)(1,212,074)603,156358,253279,368
<br />Increase (Decrease) In:
<br /> Accounts Payable281,355(95,736)401,348(123,403)(66,123)
<br /> Salaries Payable(72,884)22,61492715,17921,898
<br /> Net other postemployment benefits liability----92,537
<br /> Unearned Revenue-875(875)77,0593,000
<br /> Due to Other Governments10,716(26,936)49,951(13,222)9,479
<br /> Deposits Payable-235,294--
<br /> Customer deposits payable----(62,161)
<br /> OPEB Liability8,1097,5046,5985,270-
<br /> Compensated Absences Payable71,27425,477(16,326)49,52515,955
<br /> Net pension liability459,746(44,240)235,980(460,242)26,450
<br /> Deferred Inflows - Pensions(188,330)1,506,308(858,822)30,208(160,760)
<br />Net Cash Provided by Operating Activities$ 5,101,079$ 5,453,339$ 4,790,739$ 7,874,580$ 6,384,965
<br />Noncash Capital and Related Financing Activities
<br />Amortization of Bond Premium$ 17,181$ -$ 50,796$ 48,645$ 51,471
<br />Amortization of Deferred Charges on Refunding6,472-6,6846,6846,684
<br />Book Value of Disposed Capital Assets----337,641
<br />Capital Assets Purchased on Account--570,725757,087867,324
<br />Contribution of Capital Assets--209,051352,104125,764
<br />Contribution of Grants----10,000
<br />Disposal of Capital Assets---757,087-
<br />Loss on disposal of capital assets---(20,961)(17,050)
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<br />285
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