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<br />I <br /> <br />CITY OF ELK RIVER, MINNESOTA <br />STATEMENT OF CASH FLOWS <br />PROPRIETARY FUNDS <br />YEAR ENDED DECEMBER 31,2005 <br /> Municipal <br /> Liquor Garbage Sewer <br />Reconciliation of operating income to net cash <br />provided (used) by operating activities: <br />Operating income (loss) $ 502,929 $ 17,529 $ (202,132) <br />Adjustments to reconcile operating income (loss) to <br />net cash provided (used) by operating activities: <br />Other revenue related to operations 1,167,045 <br />Depreciation expense 139,907 767,400 <br />(Increase) decrease in assets: <br />Accounts receivable (900) (1,722) (3,593) <br />Due from other funds (6,007) (8,348) <br />Inventories (316,329) <br />Prepaid items (437) <br />Increase (decrease) in: <br />Accounts payable 58,359 190 152,297 <br />Salaries payable 3,237 (85) 1,291 <br />Deferred revenue 556 <br />Compensated absences 4,414 1,976 <br />Net cash provided by operating activities $ 391,736 $ 9,905 $ 1,875,936 <br />Noncash capital and related financing activities: <br />Amortization of bond issuance costs $ 242 $ $ 20,281 <br />Assets purchased on account <br />Disposal of capital assets 15,967 139,013 <br />Contribution of capital assets from developers 556,429 <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />The notes to the [mancial statements are an integral part of this statement. <br />31 <br /> <br />I <br /> <br />I <br />