|
ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF CASH FLOWS -CONTINUED
<br />YEARS ENDED DECEMBER 31, 2007 AND 2006
<br />RECONCILIATION OF OPERATING INCOME (LOSS) TO
<br />NET CASH PROVIDED BY OPERATING ACTIVITIES
<br />Operating income (loss)
<br />Adjustments to reconcile operating income (loss)
<br />to net cash provided by operating activities:
<br />Other revenue related to operations
<br />Depreciation
<br />(Increase) decrease in assets:
<br />Accounts receivable
<br />Other receivables
<br />Due from other governments
<br />Inventories
<br />Prepaid expenses
<br />Increase (decrease) in liabilities:
<br />Accounts payable
<br />Salaries and benefits payable
<br />Due to other governments
<br />Customer deposits payable
<br />NET CASH PROVIDED
<br />BY OPERATING ACTIVITIES
<br />NONCASH CAPITAL AND
<br />RELATED FINANCING ACTIVITIES
<br />Amortization of bond discount
<br />Discount on bonds issued
<br />Prior period adjustment to accumulated depreciation
<br />Gain (loss) on disposal of capital assets
<br />Capital assets purchased on account
<br />Contribution of capital assets from developers
<br /> 2007
<br /> Electric Water Total
<br />
<br />$ 1,403,738 $ 370 $ 1,404,108
<br /> 883,503 659,230 1,542,733
<br /> 1,920,798 921,450 2,842,248
<br /> (269,884) (98,717) (368,601)
<br /> 33,870 (35,585) (1,715)
<br /> (14,912) - (14,912)
<br /> (36,352) 16,108 (20,244)
<br /> (60,963) (1,802) (62,765)
<br /> 146,609 11,359 157,968
<br /> 37,124 10,113 47,237
<br /> (12,654) - (12,654)
<br /> 53,007 5,000 58,007
<br />
<br />$ 4,083,884 $ 1,487,526 $ 5,571,410
<br />
<br />$ 11,180 $ 7,708 $ 18,888
<br />$ 46,651 $ - $ 46,651
<br />$ 108,899 $ 77,492 $ 186,391
<br />$ (2,815) $ - $ (2,815)
<br />
<br />$ 89,019 $ 49,287 $ 138,306
<br />$ - $ 292,965 $ 292,965
<br />The notes to the fmancial statements are an integral part of this statement.
<br />-11-
<br />
|