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<br /> CITY OF ELK RIVER, MINNESOTA
<br /> STATEMENT OF CASH FLOWS
<br /> PROPRIETARY FUNDS
<br /> PEAR ENDED DECEMBER 31, 2007
<br />
<br /> Municipal Liquor Gar bage
<br /> Current Year Prior Year Curren[ Year Prior Year
<br />CASH FLOWS FROM OPERATING ACTIV ITIES
<br />
<br />Receipts from customers and users
<br />$ 6,036.]94 $ 5,899,490
<br />$ (,141,988
<br />$ 1,099,675 '
<br />Other opcra[ing cash receipts 6,332 8,818 9,127 9,795
<br />Payments to suppliers (4,533,481) (4,550,0.41) (1,127,015) (1,05755)
<br />Payments to employees (558,391) (522,764) (9,745) (5,127)
<br />Net cash provided by operating activities 950,654 835,103 14,355 47,088
<br />CASH FLOWS FROM NOKCAPITAL
<br />FINANCING ACTIVITIES
<br />Transfers from other funds - - 26,860 47,667
<br />Transfers to other funds (267,700) (233,300) - -
<br />Decreasc (increase) in due from other funds - - - .
<br />Increase (decrease) in due to other funds - - -
<br />
<br />Net cash provided (used) by '
<br />noneapi[el financing activities (267,700) (233,300) 26,860 47.667
<br />CASH FLOWS FROM CAPITAL AND
<br />
<br />RELATED FINANCING ACTIVITIES '
<br />Acquisition of capital assets - (26,266) - -
<br />Principal paid on capital debt (50,000) - - -
<br />Proceeds of revenue bonds -
<br />
<br />Interest paid on capital debt
<br />(52,874) (58,501)
<br />-
<br />- ,
<br />Principal paid on promissory note - - - -
<br />Pmceeds of promissory note - -
<br />Net cash used by capita]
<br />
<br />and related financing activities
<br />(102,874) (84,767)
<br />- ,
<br />CASH FLOWS FROM [WESTING ACTIVITIES
<br />Interest revived 119,877 79,495 8,911 5016
<br />Ne[inerease (decrease) m cash and cash equivalents 699,957 596,531 50,126 99,77]
<br />Cash and cash equivalents, January 1 2,277,746 1,681,2 f 5 192,402 92,631 '
<br />Cash and cash equivalents, December 3 ] $ 2.977.703 $ 2.277,746 $ 242,528 $ 192,402
<br />Reconciliation oP cash and cash equivalents ,
<br />to the statemenf of net assets:
<br />Cash end investments $ 2,977,703 $ 2,277,746 $ 242,528 $ 192,0.02 ,
<br />Resuieted cash and invesunen[s -
<br />Total cash and cash equivalents $ 2,977,703 $ 2,277,746 $ 242,528 $ 192,0.02
<br />
<br />The note to the financial statements are an integral part of [his statement. '
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<br />34 '
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