|
Elk River Municipal Utilities
<br />Elk River, Minnesota
<br />Statement of Cash Flows (Continued)
<br />For the Year Ended December 31, 2021
<br />ElectricWaterTotal
<br />Reconciliation of Operating Income (Loss) to
<br />Net Cash Provided by Operating Activities
<br />Operating income (loss)$ 3,135,102$ (24,438) $ 3,110,664
<br />Adjustments to reconcile operating income (loss)
<br />to net cash provided by operating activities
<br />Other revenue related to operations 635,764 292,330 928,094
<br />Bad debt expense 6,673 - 6,673
<br />Depreciation 2,957,685 1,139,802 4,097,487
<br />(Increase) decrease in assets/deferred outflows:
<br />Accounts receivable (1,849,727) (79,462) ( 1,929,189)
<br />Other receivables 12,805 186,208 199,013
<br />Special assessments receivable (161) 2,950 2,789
<br />Inventories (49,359) (13,225) (62,584)
<br />Prepaid expenses (47,856) (15,515) (63,371)
<br />Deferred pension resources (1,154,142) (223,263) ( 1,377,405)
<br />Increase (decrease) in liabilities/deferred inflows:
<br />Accounts payable 1,773,838 282,946 2,056,784
<br />Salaries and benefits payable 22,144 7,838 29,982
<br />Net other postemployment benefits liability (208,274) (44,526) ( 252,800)
<br />Unearned revenue 1,067 (32,925) (31,858)
<br />Compensated absences payable (17,096) 2,637 (14,459)
<br />Due to other governments 17,873 622 18,495
<br />Customer deposits payable 64,480 52,625 117,105
<br />Net pension liability (812,252) (76,549) ( 888,801)
<br />Deferred pension resources 1,678,143 317,547 1,995,690
<br />Net Cash Provided by Operating Activities$ 6,166,707$ 1,775,602$ 7,942,309
<br />Noncash Capital and
<br />Related Financing Activities
<br />Amortization of Bond Premium$ 61,585$ 3,394$ 64,979
<br />Amortization of Deferred Charges on Refunding$ 14,481$ 3,620$ 18,101
<br />Loss on Disposal of Capital Assets$ (45,213) $ (662)$ ( 45,875)
<br />Book Value of Disposed Capital Assets$ 291,647$ 20,167$ 311,814
<br />Capital Assets Purchased on Account$ 931,011$ 292,226$ 1,223,237
<br />Contribution of Capital Assets$ 385,316$ 748,165$ 1,133,481
<br />The notes to the financial statements are an integral part of this statement.
<br />27
<br />99
<br />
|