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CITY OF ELK RIVER, MINNESOTA
<br />STATEMENT OF CASH FLOWS
<br />PROPRIETARY FUNDS
<br />YEAR ENDED DECEMBER 31, 2006
<br />Municipal LiquorGarbage
<br />Current YearPrior YearCurrent YearPrior Year
<br />CASH FLOWS FROM OPERATING ACTIVITIES
<br /> Receipts from customers and users$ 5,899,490$ 4,801,197$ 1,099,675$ 1,048,024
<br /> Other operating cash receipts 8,818 4,520 9,795 9,255
<br /> Payments to suppliers (4,550,441) (4,073,944) (1,057,255) (1,041,013)
<br /> Payments to employees (522,764) (340,037) (5,127) (6,361)
<br /> Net cash provided by operating activities 835,103 391,736 47,088 9,905
<br />CASH FLOWS FROM NONCAPITAL
<br /> FINANCING ACTIVITIES
<br /> Transfers from other funds - - 47,667 3,480
<br /> Transfers to other funds (233,300) (233,300) - -
<br /> Decrease in due from other funds - - - -
<br /> Increase (decrease) in due to other funds - - - -
<br /> Increase in due to other governments - - - -
<br /> Net cash provided (used) by
<br /> noncapital financing activities (233,300) (233,300) 47,667 3,480
<br />CASH FLOWS FROM CAPITAL AND
<br /> RELATED FINANCING ACTIVITIES
<br /> Acquisition of capital assets (26,266) (1,654,871) - -
<br /> Principal paid on capital debt - (480,000) - -
<br /> Proceeds of revenue bonds - 1,196,000 - -
<br /> Interest paid on capital debt (58,501) (22,741) - -
<br /> Principal paid on promissory note - - - -
<br /> Proceeds of promissory note - - - -
<br /> Proceeds from sale of capital assets - - - -
<br /> Net cash provided (used) by
<br /> capital and related financing activities (84,767) (961,612) - -
<br />CASH FLOWS FROM INVESTING ACTIVITIES
<br /> Interest received 79,495 47,034 5,016 2,012
<br />Net increase (decrease) in cash and cash equivalents 596,531 (756,142) 99,771 15,397
<br />Cash and cash equivalents, January 1 1,681,215 2,437,357 92,631 77,234
<br />Cash and cash equivalents, December 31$ 2,277,746$ 1,681,215$ 192,402$ 92,631
<br />Reconciliation of cash and cash equivalents
<br />to the balance sheet:
<br /> Cash and investments$ 2,277,746$ 1,681,215$ 192,402$ 92,631
<br /> Restricted cash and investments - - - -
<br /> Cash with fiscal agent - - - -
<br /> Total cash and cash equivalents$ 2,277,746$ 1,681,215$ 192,402$ 92,631
<br />The notes to the financial statements are an integral part of this statement.
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