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Surface Internal
<br />Water Nonmajor Service
<br />Water Sewer Management Recycling Totals Funds
<br />Cash flows from operating activities
<br />Receipts from customers and users 2,220,238$ 1,759,607$ 841,295$ 134,677$ 4,955,817$ 774,347$
<br />Payments to suppliers (1,202,533) (1,021,872) (150,577) (133,892) (2,508,874) (697,563)
<br />Payments to employees (294,054) (343,304) (209,638) (24,291) (871,287) (71,256)
<br />Payments for interfund services used (56,565) (58,235) (38,429) (4,165) (157,394) –
<br />Net cash flows from operating activities 667,086 336,196 442,651 (27,671) 1,418,262 5,528
<br />Cash flows from noncapital financing activities
<br />Grants received 1,232 1,433 945 23,819 27,429 –
<br />Cash paid to other funds (26,268) (291,870) – – (318,138) (15,992)
<br />Cash received from other funds – – 26,268 – 26,268 –
<br />Transfers out (100,000) (126,000) (74,000) – (300,000) –
<br />Net cash flows from noncapital
<br /> financing activities (125,036) (416,437) (46,787) 23,819 (564,441) (15,992)
<br />Cash flows from capital and related
<br /> financing activities
<br />Acquisition and construction of capital assets (2,387,967) (346,580) (816,153) – (3,550,700) –
<br />Capital contributions – connection fees received 120,245 114,975 – – 235,220 –
<br />Proceeds from issuance of revenue bonds 2,231,889 347,133 – – 2,579,022 –
<br />Interest paid (45,290) (7,043) – – (52,333) –
<br />Net cash flows from noncapital
<br /> financing activities (81,123) 108,485 (816,153) – (788,791) –
<br />Cash flows from investing activities
<br />Earnings on investments 26,564 4,090 7,811 2,004 40,469 4,672
<br />Net change in cash and cash equivalents 487,491 32,334 (412,478) (1,848) 105,499 (5,792)
<br />Cash and cash equivalents – beginning 823,235 – 412,478 144,672 1,380,385 421,460
<br />Cash and cash equivalents – ending 1,310,726$ 32,334$ –$ 142,824$ 1,485,884$ 415,668$
<br />Reconciliation of operating income (loss) to net
<br /> cash flows from operating activities
<br />Operating income (loss)184,070$ 126,982$ 340,450$ (33,917)$ 617,585$ 46,196$
<br />Adjustments to reconcile operating income (loss)
<br /> to net cash flows from operating activities
<br />Depreciation 260,017 175,456 108,167 – 543,640 –
<br />Decrease (increase) in customer receivables (36,621) (9,859) 1,796 449 (44,235) –
<br />Decrease (increase) in prepaid items 290 290 290 – 870 23
<br />Decrease (increase) in inventory 889 – – – 889 –
<br />Decrease (increase) in deferred outflows 27,953 32,503 21,410 – 81,866 –
<br />Increase (decrease) in accounts payable 26,751 38,599 980 3,759 70,089 (16,946)
<br />Increase (decrease) in salaries payable 2,739 2,841 1,866 249 7,695 256
<br />Increase (decrease) in due to other governments 242,634 17,793 179 989 261,595 (25,097)
<br />Increase (decrease) in net pension liability (34,515) (40,134) (26,437) – (101,086) –
<br />Increase (decrease) in compensated absences
<br /> payable 621 727 (120) 800 2,028 1,096
<br />Increase (decrease) in deferred inflows (7,742) (9,002) (5,930) – (22,674) –
<br />Total adjustments 483,016 209,214 102,201 6,246 800,677 (40,668)
<br />Net cash flows from operating activities 667,086$ 336,196$ 442,651$ (27,671)$ 1,418,262$ 5,528$
<br />Noncash investing, capital, and financing activities
<br />Capital asset purchased on account 568,808$ –$ –$ –$ 568,808$ –$
<br />Due from other governmental units –
<br />Contribution 500,000$ –$ –$ –$ 500,000$ –$
<br />Amortization of bond premium (discount)6,116$ 954$ –$ –$ 7,070$ –$
<br />Business-Type Activities – Enterprise Funds
<br />CITY OF ARDEN HILLS
<br />Statement of Cash Flows
<br />Proprietary Funds
<br />Year Ended December 31, 2018
<br />See notes to basic financial statements -24-
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