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See notes to basic financial statements. 54 <br />Municipal <br />Liquor Sewer Garbage Storm Water <br />Reconciliation of Operating <br /> Income (Loss) to Net Cash Flows - <br /> Operating Activities <br />Operating income (loss)637,163$ (1,112,563)$ 217,705$ (75,078)$ <br />Adjustments to reconcile operating <br />income (loss) to net cash flows - <br />operating activities <br />Other revenues - - - - <br />Bad debt expense - - - - <br />Depreciation/amortization expense 62,030 1,710,941 -494,793 <br />Pension expense 30,931 24,085 2,631 - <br />Accounts receivable - (87) - - <br />Special assessments receivable - -- - <br />Lease receivable - -- - <br />Other receivables - -- - <br />Due from other governments - -- - <br />Prepaid items - -- - <br />Inventory (105,551) - - - <br />Accounts payable 59,570 (35,757) 986 9,055 <br />Contracts and deposits payable - - - - <br />Due to other governmental units (8,033) 10 - - <br />Salaries and benefits payable 1,602 2,068 66 - <br />Unearned revenue 123 - - - <br />OPEB expense (5,327) (4,663) - - <br />Compensated absences payable (17,336) 10,592 - - <br />Deferred lease resources - - - - <br />Total adjustments 18,009 1,707,189 3,683 503,848 <br />Net cash flows <br />- operating activities 655,172$ 594,626$ 221,388$ 428,770$ <br />Supplemental Schedule of <br /> Noncash Capital and Related <br /> Financing Activities <br />Contributions of capital assets -$ 1,641,841$ -$ 487,524$ <br />Gain (Loss) on disposal of capital assets (4,150) - - - <br />Book value of disposed capital assets 65,660 - - - <br />Capital assets purchased on account - - - - <br />Amortization of bond premium - - - - <br />Business-Type Activities - Enterprise Funds <br />City of Elk River <br />Statement of Cash Flows - Proprietary Funds <br />Year Ended December 31, 2023 <br />Page 175 of 464