|
ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESGTA
<br />STATEMENTS 4F CASH FLGwS
<br />YEARS ENDED DECEMBER 31, 2009 AND 2008
<br />Electric
<br />2009 2008
<br />CASH FLC~VS FROM OPERATING ACTIVITIES
<br />Receipts h•om customers and users $ 24,114,123 $ 23,171,758
<br />tither operating cash receipts 12,506 202,455
<br />Payments to suppliers - ~ 18,793,41 S} (17,617,200)
<br />Payments to employees X1,332,138} ~1,362,656~_
<br />NET CASH PROVIDED
<br />BY aPERATING ACTIVITIES 4,001,073 4,394,357
<br />CASH FLa~VS FRGM
<br />N4NCAPITAL FINANCING ACTIVITIES
<br />Transfer to City X585,141} (540,636}
<br />Increase (decrease} in due to other City funds 19,764 27,100
<br />NET CASH USED BY NONCAPITAL
<br />FINANCING ACTIVITIES 604,905 513,536
<br />CASH FLDwS FRGM CAPITAL
<br />AND RELATED FINANCING ACTIVITIES
<br />Acquisition of capital assets X1,214,469} ~2,119,G77}
<br />Principal payments on reve~lue bonds X328,750} X320,000}
<br />Proceeds of revenue bonds -
<br />Withch•awal b•om escrow fund -
<br />Payment to escraw agent for refunded bond - -
<br />Interestpaid on revenue bonds ~30G,657} X316,535}
<br />Principal payments on promissory note X177,348} - ~177,064~
<br />NET CASH USED BY CAPITAL
<br />AND RELATED FINANCING ACTIVITIES 2,027,224 2,933,272
<br />CASH FLQw~S FROM INVESTING ACTIVITIES
<br />Interest on investments 89,324 145,826
<br />NET INCREASE DECREASE}
<br />IN CASH AND CASH EQUIVALENTS 1,458,268 1,093,375
<br />CASH AND CASH EQUIVALENTS, JANUARY 1 4,633,052 3,539,677
<br />CASH AND CASH EQUIVALENTS, DECEMBER 31 $ 6,091~32~ $ 4L633,052
<br />RECCNCILIATIQN CF CASH AND CASH
<br />EQUIVALENTS Ta THE STATEMENT 4F NET ASSETS
<br />Cash and temporary investments $ 5,366,820 $ 3,908,552
<br />Restricted cash 724,SO0 724,500
<br />TGTAL CASH AND CASH EQUIVALENTS
<br />The notes to the financial statements are an h~tegral part of this statement.
<br />$ 6 o9132a $ 4,633,052
<br />R24_
<br />
|