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<br />See notes to basic financial statements. 52
<br />Municipal
<br />Liquor Sewer Garbage Storm Water
<br />Cash Flows - Operating Activities
<br />Receipts from customers and users 7,979,017$ 2,773,990$ 1,920,516$ 905,891$
<br />Payments to suppliers (6,214,428) (1,383,934) (1,655,507) (477,121)
<br />Payments to employees (1,109,417) (795,430) (43,621) -
<br />Other operating receipts - - - -
<br />Net cash flows - operating activities 655,172 594,626 221,388 428,770
<br />Cash Flows - Noncapital
<br /> Financing Activities
<br />Borrowing (payments) on
<br /> interfund balances - (19,205) (2,483) (3,249)
<br />Transfer to other funds (1,250,000) (170,000) (56,500) (135,000)
<br />Net cash flows - noncapital financing activities (1,250,000) (189,205) (58,983) (138,249)
<br />Cash Flows - Capital and Related
<br /> Financing Activities
<br />Special assessments received - 81,467 (79) 176
<br />Connection charges collected - 840,480 - -
<br />Principal paid on bonds - (520,000) - -
<br />Interest paid on debt (465) (88,539) - -
<br />Principal paid on leases (4,007) (5,209) - -
<br />Proceeds from sale of capital assets - - -
<br />Acquisition of capital assets (182,250) (443,690) - -
<br />Net cash flows - capital and related
<br /> financing activities (186,722) (135,491) (79) 176
<br />Cash Flows - Investing Activities
<br />Interest and dividends received 330,267 505,125 29,508 82,601
<br />Net change in cash and cash equivalents (451,283) 775,055 191,834 373,298
<br />Cash and Cash Equivalents
<br />3,978,266 8,078,281 610,952 1,548,347
<br />3,526,983$ 8,853,336$ 802,786$ 1,921,645$
<br />City of Elk River
<br />Statement of Cash Flows - Proprietary Funds
<br />Year Ended December 31, 2023
<br />December 31
<br />January 1
<br />Business-Type Activities - Enterprise Funds
<br />Page 173 of 464
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