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Elk River Municipal Utilities
<br />Elk River, Minnesota
<br />Statement of Cash Flows (Continued on the Following Page)
<br />For the Year Ended December 31, 2023
<br />Cash Flows from Operating Activities
<br />Receipts from customers and users
<br />Other operating cash receipts
<br />Payments to suppliers
<br />Payments to employees
<br />Net Cash Provided
<br />by Operating Activities
<br />Cash Flows from
<br />Noncapital Financing Activities
<br />Transfers to City
<br />(Increase) decrease in due from other City funds
<br />(Decrease) increase in due to other City funds
<br />Net Cash Provided (Used) by Noncapital
<br />Financing Activities
<br />Cash Flows from Capital
<br />and Related Financing Activities
<br />Acquisition of capital assets
<br />Proceeds from connection fees
<br />Proceeds on sale of capital assets
<br />Principal payments on bonds
<br />Interest paid on bonds
<br />Net Cash Provided (Used) by Capital
<br />and Related Financing Activities
<br />Cash Flows from Investing Activities
<br />Interest on investments
<br />Net Increase (Decrease)
<br />in Cash and Cash Equivalents
<br />Cash and Cash Equivalents, January 1
<br />Cash and Cash Equivalents, December 31
<br />Reconciliation of Cash and Cash
<br />Equivalents to the Statement of Net Position
<br />Cash and temporary investments
<br />Restricted cash
<br />Total Cash and Cash Equivalents
<br />Electric Water Total
<br />$ 45,858,458 $ 3,365,455 $ 49,223,913
<br />980,012 549,528 1,529,540
<br />(35,929,492) (1,397,690) (37,327,182)
<br />(3,108,487) (750,613) (3,859,100)
<br />7,800,491 1,766,680 9,567,171
<br />(1,620,378) - (1,620,378)
<br />2,089 (88,373) (86,284)
<br />(92,461) (20,075) (112,536)
<br />(1,710,750) (108,448) (1,819,198)
<br />(4,517,495)
<br />(1,057,219)
<br />(5,574,714)
<br />-
<br />253,341
<br />253,341
<br />72,630
<br />2,940
<br />75,570
<br />(915,000)
<br />(60,000)
<br />(975,000)
<br />(886,134)
<br />(44,095)
<br />(930,229)
<br />(6,245,999) (905,033) (7,151,032)
<br />156,646 58,718 215,364
<br />388 811,917 812,305
<br />16,674,863 10,067,584 26,742,447
<br />$ 16,675,251 $ 10,879,501 $ 27,554,752
<br />$ 14,896,235 $ 10,879,501 $ 25,775,736
<br />1,779,016 - 1,779,016
<br />$ 16,675,251 $ 10,879,501 $ 27,554,752
<br />The notes to the financial statements are an integral part of this statement.
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