6.3 SR 06-05-2023 - Laserfiche WebLink

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City of Elk River Statement of Cash Flows - Proprietary Funds Year Ended December 31, 2022 Business -Type Activities - Enterprise Funds Municipal Liquor Sewer Garbage Storm Water Reconciliation of Operating Income (Loss) to Net Cash Flows - Operating Activities Operating income (loss) $ 746,731 $ (1,018,061) $ 218,793 $ (54,319) Adjustments to reconcile operating income (loss) to net cash flows - operating activities Otherrevenues - - - - Bad debt expense - - - - Depreciation/amortization expense 93,815 1,641,444 - 478,502 Pension expense 29,731 56,667 7,236 - Accounts receivable - (16,848) - - Special assessments receivable Lease receivable - - - - Other receivables - - - - Due from other governments - - - - Prepaid items - - - - Inventory (97,719) - - - Accounts payable (38,793) 21,256 (3,639) 19,791 Deposits payable - - - - Due to other governmental units 3,732 - - - Salaries and benefits payable 3,562 2,016 403 - Unearned revenue 806 - - - OPEB expense 324 283 - - Compensated absences payable 16,541 11,406 - - Deferred lease resources - - - - Total adjustments 11,999 1,716,224 4,000 498,293 Net cash flows - operating activities $ 758,730 $ 698,163 $ 222,793 $ 443,974 Supplemental Schedule of Noncash Capital and Related Financing Activities Contributions of capital assets $ - $ 2,700,332 $ - $ 872,439 Loss on disposal of capital assets - - - - Book value of disposed capital assets - - - - Capital assets purchased on account - - - - Amortization of bond premium - - - - See Accompanying Notes to Basic Financial Statements. 52