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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 2,750,884$ 2,037,732$ 894,774$ 174,087$ 5,857,477$ 613,821$
<br />Payments to suppliers (1,279,154) (1,089,589) (185,449) (127,719) (2,681,911) (851,183)
<br />Payments to employees (348,669) (409,923) (234,831) (31,257) (1,024,680) (5,410)
<br />Payments for interfund services used (54,788) (56,529) (35,390) (3,580) (150,287) –
<br />Net cash flows from operating activities 1,068,273 481,691 439,104 11,531 2,000,599 (242,772)
<br />Cash flows from noncapital financing activities
<br />Grants received 376 432 274 26,131 27,213 –
<br />Transfers out (100,000) (126,000) (74,000) – (300,000) –
<br />Net cash flows from noncapital
<br /> financing activities (99,624) (125,568) (73,726) 26,131 (272,787) –
<br />Cash flows from capital and related
<br /> financing activities
<br />Acquisition and construction of capital assets (527,810) (434,455) (641,440) – (1,603,705) –
<br />Capital contributions – connection fees received 304,274 197,359 – – 501,633 –
<br />Capital contributions – capital grants received 522,781 – – – 522,781 –
<br />Principal payments on bonds (180,000) (30,000) – – (210,000) –
<br />Interest paid (68,150) (10,650) – – (78,800) –
<br />Net cash flows from capital and related
<br /> financing activities 51,095 (277,746) (641,440) – (868,091) –
<br />Cash flows from investing activities
<br />Earnings on investments (charges)(5,818) (2,991) (1,231) (414) (10,454) (783)
<br />Net change in cash and cash equivalents 1,013,926 75,386 (277,293) 37,248 849,267 (243,555)
<br />Cash and cash equivalents – beginning 1,352,952 667,739 321,802 147,954 2,490,447 452,888
<br />Cash and cash equivalents – ending 2,366,878$ 743,125$ 44,509$ 185,202$ 3,339,714$ 209,333$
<br />Reconciliation of operating income (loss) to net
<br /> cash flows from operating activities
<br />Operating income (loss)674,802$ 364,064$ 302,960$ 22,446$ 1,364,272$ (52,664)$
<br />Adjustments to reconcile operating income (loss)
<br /> to net cash flows from operating activities
<br />Depreciation 365,453 194,428 145,008 – 704,889 –
<br />Decrease (increase) in accounts receivables (52,111) (73,034) (7,270) (2,970) (135,385) 8,278
<br />Decrease (increase) in due from other governments 5,523 – – – 5,523 –
<br />Decrease (increase) in prepaid items (898) 386 (628) – (1,140) (269)
<br />Decrease (increase) in inventory (10,628) – – – (10,628) –
<br />Decrease (increase) in deferred outflows (85,923) (98,905) (62,253) – (247,081) –
<br />Increase (decrease) in accounts payable 12,833 (6,320) (1,715) (8,201) (3,403) (201,946)
<br />Increase (decrease) in deposits payable 8,000 – – – 8,000 –
<br />Increase (decrease) in due to other governments 65,602 – 3,825 – 69,427 3,733
<br />Increase (decrease) in net pension liability (44,266) (49,293) (34,876) – (128,435) –
<br />Increase (decrease) in compensated absences
<br /> payable (42) 1,062 (513) 256 763 96
<br />Increase (decrease) in deferred inflows 129,928 149,303 94,566 – 373,797 –
<br />Total adjustments 393,471 117,627 136,144 (10,915) 636,327 (190,108)
<br />Net cash flows from operating activities 1,068,273$ 481,691$ 439,104$ 11,531$ 2,000,599$ (242,772)$
<br />Noncash investing, capital, and financing activities
<br />Due from other governmental units
<br />Payments of capital assets on account –$ –$ (3,506)$ –$ (3,506)$ –$
<br />Amortization of bond premium (discount)13,458 2,099 – – 15,557 –
<br />Business-Type Activities – Enterprise Funds
<br />CITY OF ARDEN HILLS
<br />Statement of Cash Flows
<br />Proprietary Funds
<br />Year Ended December 31, 2021
<br />See notes to basic financial statements -21-
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