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Elk River Municipal Utilities
<br />Apri19, 2009
<br />Page 7
<br />The following table gives an indication of the sources and uses of cash for the past five years:
<br /> Cash Provided (Used) By
<br />
<br />Y Beginning Operating Non-capital Capital Investing Ending Cash
<br />ear
<br />Cash Balance
<br />Activities Financing Financing
<br />Activities
<br />Balance
<br /> Activities Activities
<br />2008 $ 3,539,677 $ 4,394,357 $ (513,536) $ (2,933,272) $ 145,826 $ 4,633,052
<br />2007 2,041,306 4,083,884 (485,851) (2,238,249) 138,587 3,539,677
<br />2006 2,016,433 3,046,671 (378,560) (2,804,163) 160,925 2,041,306
<br />2005 2,361,856 3,059,049 (375,627) (3,063,265) 34,420 2,016,433
<br />2004 1,720,813 2,917,129 (221,761) (2,076,518) 22,194 2,361,856
<br />Cash Flow Summary 2004 - 2008
<br />$5,000,000
<br />$4,000,000
<br />$3,000,000
<br />$2,000,000
<br />$1,000,000
<br />$-
<br />$(1,000,000)
<br />$(2,000,000)
<br />$(3,000,000)
<br />$(4,000,000)
<br />
<br />
<br />
<br />
<br /> _ "'
<br /> ~-_ _ T
<br />
<br />
<br />
<br />-•-~OperatingActivities -t-Non-capital FinancingActivitie
<br />-i-CapitalFinancingActivities Investing Activities
<br />2004 2005 2006 2007
<br />2008
<br />The cash provided by operating activities has remained relatively strong and this was enough to keep up with the amount of
<br />capital and debt needs in 2008. The summary above highlights the significant amount of cash needed each year for the capital
<br />activities of the Utilities. The operations have been able to finance the capital activities for most of the last five years. We
<br />recommend that the Utilities continue to closely monitor future cash flow with the use of projections. This will ensure that any
<br />permanent decline in cash flow is addressed quickly.
<br />952.835.9090 Fax 952.835.3261
<br />www.aemcpas.com
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