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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF CASH FLOWS
<br />YEARS ENDED DECEMBER 31, 2007 AND 2006
<br />2007
<br />CASH FLOWS FROM OPERATING ACTIVITIES
<br />Receipts from customers and users
<br />Other operating cash receipts
<br />Payments to suppliers
<br />Payments to employees
<br />L'1,.,.a..:,. ~57..~.... T,.~..1
<br />$ 20,046,628 $ 2,676,417 $ 22,723,045
<br />306,829 (33,323) 273,506
<br />(15,096,042) (816,799) (15,912,841)
<br />(1,173,531) (338,769) (1,512,300)
<br />NET CASH PROVIDED
<br />BY OPERATING ACTIVITIES
<br />CASH FLOWS FROM
<br />NONCAPITAL FINANCING ACTIVITIES
<br />Transfer to city
<br />Increase (decrease) in due to other city funds
<br />NET CASH PROVIDED (USED) BY
<br />NONCAPITAL FINANCING ACTIVITIES
<br />CASH FLOWS FROM CAPITAL
<br />AND RELATED FINANCING ACTIVITIES
<br />Acquisition of capital assets
<br />Principal payments on revenue bonds
<br />Proceeds of revenue bonds
<br />Interest paid on revenue bonds
<br />Principal payments on promissory note
<br />Proceeds of promissory note
<br />NET CASH USED BY CAPITAL
<br />AND RELATED FINANCING ACTIVITIES
<br />CASH FLOWS FROM INVESTING ACTIVITIES
<br />Interest on investments
<br />NET INCREASE (DECREASE)
<br />IN CASH AND CASH EQUIVALENTS
<br />CASH AND CASH EQUIVALENTS, JANUARY 1
<br />CASH AND CASH EQUIVALENTS, DECEMBER 31
<br />4,083,884 1,487,526 5,571,410
<br />(483,000) (20,000) (503,000)
<br />(2,851) (239,864) (242,715)
<br />(485,851) (259,864) (745,715)
<br />(4,194,135) (735,703) (4,929,838)
<br />(430,000) (425,000) (855,000)
<br />2,828,349 - 2,828,349
<br />(254,697) (231,731) (486,428)
<br />(187,766) - (187,766)
<br />(2,238,249) (1,392,434) (3,630,683)
<br />138,587 39,935 178,522
<br />1,498,371 (124,837) 1,373,534
<br />2,041,306 2,519,224 4,560,530
<br />$ 3,539,677 $ 2,394,387 $ 5,934,064
<br />The notes to the fmancial statements are an integral part of this statement.
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