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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, 2022
<br />Electric
<br />Water
<br />Total
<br />Reconciliation of Operating Income (Loss) to
<br />Net Cash Provided by Operating Activities
<br />Operating income (loss)
<br />$ 1,411,451
<br />$ (179,146)
<br />$ 1,232,305
<br />Adjustments to reconcile operating income (loss)
<br />to net cash provided by operating activities
<br />Other revenue related to operations
<br />906,323
<br />424,994
<br />1,331,317
<br />Bad debt expense
<br />12,993
<br />28
<br />13,021
<br />Depreciation
<br />31062,751
<br />1,117,357
<br />4,180,108
<br />(Increase) decrease in assets/deferred outflows:
<br />Accounts receivable
<br />(15,019)
<br />56,909
<br />41,890
<br />Other receivables
<br />(56,972)
<br />(202,501)
<br />(259,473)
<br />Special assessments receivable
<br />3,119
<br />6,491
<br />9,610
<br />Lease receivable
<br />-
<br />(5,188,673)
<br />(5,188,673)
<br />Due from other governments
<br />(8,263)
<br />-
<br />(8,263)
<br />Inventories
<br />(218,567)
<br />(6,784)
<br />(225,351)
<br />Prepaid expenses
<br />3,847
<br />(6,130)
<br />(2,283)
<br />Deferred pension resources
<br />243,586
<br />40,377
<br />283,963
<br />Increase (decrease) in liabilities/deferred inflows:
<br />Accounts payable
<br />(450,127)
<br />(98,335)
<br />(548,462)
<br />Salaries and benefits payable
<br />27,233
<br />5,480
<br />32,713
<br />Unearned revenue
<br />(1,067)
<br />(71,559)
<br />(72,626)
<br />Compensated absences payable
<br />57,104
<br />6,131
<br />63,235
<br />Due to other governments
<br />27,903
<br />(758)
<br />27,145
<br />Customer deposits payable
<br />39,605
<br />17,400
<br />57,005
<br />Net pension liability
<br />11810,623
<br />355,050
<br />2,165,673
<br />Deferred pension resources
<br />(1,764,174)
<br />(329,631)
<br />(2,093,805)
<br />Deferred lease resources
<br />-
<br />5,112,108
<br />5,112,108
<br />Net Cash Provided by Operating Activities
<br />Noncash Capital and
<br />Related Financing Activities
<br />Amortization of Bond Premium
<br />Gain (Loss) on Disposal of Capital Assets
<br />Book Value of Disposed Capital Assets
<br />Capital Assets Purchased on Account
<br />Contribution of Capital Assets
<br />$ 5,092,349 $ 1,058,808 $ 6,151,157
<br />$ 60,767
<br />$ 6,651
<br />$ 67,418
<br />14,600
<br />9,150
<br />23,750
<br />45,750
<br />9,150
<br />54,900
<br />1,175,839
<br />111,149
<br />1,286,988
<br />298,935
<br />940306
<br />1,239,241
<br />The notes to the financial statements are an integral part of this statement.
<br />27
<br />110
<br />
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