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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF CASH FLOWS -CONTINUED
<br />YEARS ENDED DECEMBER 31, 2008 AND 2007
<br />2008
<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 />Other expenses related to operations
<br />Depreciation
<br />(Increase) decrease in assets:
<br />Accounts receivable
<br />Other receivables
<br />Special assessments
<br />Due from other governments
<br />Inventories
<br />Prepaid expenses
<br />Increase (decrease) in liabilities:
<br />Accounts payable
<br />Salaries and benefits payable
<br />OPEB liability
<br />Compensated absences
<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 />loss on disposal of capital assets
<br />Capital assets purchased on account
<br />Contribution of capital assets from developers
<br />Interest payment on revenue bonds from escrow cash
<br />Electric Water Total
<br />$ 1,152,598 $ (51,247) $ 1,101,351
<br />615,291 266,568 881,859
<br />(3,158) - (3,158)
<br />2,057,851 974,848 3,032,699
<br />(157,877) (42,833) (200,710)
<br />40,212 (12,626) 27,586
<br />- (1,018) (1,018)
<br />35,274 - 35,274
<br />54,312 (4,724) 49,588
<br />51,853 (3,950) 47,903
<br />429,697 (38,029) 391,668
<br />16,942 1,543 18,485
<br />10,213 - 10,213
<br />(17,768) (4,095) (21,863)
<br />21,954 - 21,954
<br />86,963 2,500 89,463
<br />$ 4,394,357 $ 1,086,937 $ 5,481,294
<br />$ 11,169 $ 13,164 $ 24,333
<br />$ - $ 58,396 $ 58,396
<br />$ 108,417 $ 8,560 $ 116,977
<br />$ (8,369) $ - $ (8,369)
<br />$ - $ 18,850 $ 18,850
<br />$ - $ - $ -
<br />$ $ 37,939 $ 37,939
<br />The notes to the financial statements are an integral part of this statement.
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