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ELK RIVER MUNICIPAL UTILITIES
<br />. ELK RIVER, MINNESOTA
<br />STATEMENTS OF CASH FLOWS - CDNTINUED
<br />YEARS ENDED DECEMBER 31, 2009 AND 2008
<br /> Electric
<br /> 2009 2008
<br />RECONCILIATION OF OPERATING INCOME FLOSS} TO
<br />NET CASH PROVIDED BY OPERATING ACTIVITIES
<br />Operating income (loss} $ 1,300,984 $ 1,336,993
<br />Adjustments to reconcile operating income floss}
<br />tv net cash provided by operating activities:
<br />Other revenue related to operations 108,585 427,738
<br />Bad debt expense 1$2,931 87,978
<br />Depreciation 2,126,794 2,057,851
<br />(Increase) decrease in assets;
<br />Accounts receivable (237,458} (245,855}
<br />other receivables 16,092 40,212
<br />Special assessments -
<br />Due from other governments X33,963} 35,274
<br />Inventories 294,63D 54,312
<br />Prepaid expenses X13,660} 51,853
<br />Increase decrease} ll~ liabilities;
<br />Accounts payable 200,933 429,G97
<br />Salaries and benefits payable 21,086 16,942
<br />Net other posteinployment benefits liability 10,03D 10,213
<br />Compensated absences X31,789} X17,768}
<br />Due to other governments 10,248 21,954
<br />Customer deposits payable 45,63D 86,9G3
<br />NET CASH PROVIDED
<br />BY OPERA.TTNG ACTIVITIES , $ 4,001,073 , ~ $ 4394,357
<br />NONCASH CAPITAL AND
<br />RELATED FINANCING ACTIVITIES
<br />Amortization of deferred charges $ 11,169 , , $ 11,169
<br />Deferred charges on bonds issued $ - $ -
<br />Prior period adjustment to accumulated depreciation $ - $ 10$,417
<br />Loss on disposal of capital assets $ X32,173}, $ X8,369}
<br />Capital assets purchased on account $ - $ -
<br />Interest payment an revenue bonds from escrow cash $ - $ -
<br />The notes to the financial statements are an integral part of this statement.
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