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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, 2023
<br />Reconciliation of Operating Income (Loss) to
<br />Net Cash Provided by Operating Activities
<br />Operating income
<br />Adjustments to reconcile operating income (loss)
<br />to net cash provided by operating activities
<br />Other revenue related to operations
<br />Bad debt expense
<br />Depreciation
<br />(Increase) decrease in assets/deferred outflows:
<br />Accounts receivable
<br />Other receivables
<br />Special assessments receivable
<br />Lease receivable
<br />Due from other governments
<br />Inventories
<br />Prepaid expenses
<br />Deferred pension resources
<br />Increase (decrease) in liabilities/deferred inflows:
<br />Accounts payable
<br />Salaries and benefits payable
<br />Unearned revenue
<br />Compensated absences payable
<br />Due to other governments
<br />Customer deposits payable
<br />Net pension liability
<br />Deferred pension resources
<br />Deferred lease resources
<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 />Electric
<br />$ 2,392,987
<br />928,553
<br />29,142
<br />3,177,120
<br />1,408,119
<br />(90,917)
<br />(400)
<br />8,263
<br />63,325
<br />70,788
<br />497,499
<br />(631,281)
<br />24,430
<br />142,988
<br />43,282
<br />(40,288)
<br />63,101
<br />(1,068,904)
<br />782,684
<br />Water
<br />188,022
<br />418,451
<br />(28)
<br />1,174,752
<br />1,512
<br />208,467
<br />(20,056)
<br />220,218
<br />11,286
<br />18,537
<br />100,276
<br />(92,117)
<br />2,202
<br />793
<br />2,030
<br />(101)
<br />(59,129)
<br />(224,588)
<br />143,584
<br />(327,431)
<br />$ 7,800,491 $ 1,766,680
<br />$ 59,862
<br />(13,074)
<br />44,574
<br />947,461
<br />489,452
<br />$ 6,651
<br />6,111
<br />1,348,943
<br />Total
<br />2,581,009
<br />1,347,004
<br />29,114
<br />4,351,872
<br />1,409,631
<br />117,550
<br />(20,456)
<br />220,218
<br />8,263
<br />74,611
<br />89,325
<br />597,775
<br />(723,398)
<br />26,632
<br />143,781
<br />45,312
<br />(40,389)
<br />3,972
<br />(1,293,492)
<br />926,268
<br />(327,431)
<br />$ 9,567,171
<br />$ 66,513
<br />(13,074)
<br />44,574
<br />953,572
<br />1,838,395
<br />The notes to the financial statements are an integral part of this statement.
<br />27
<br />92
<br />
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