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CITY OF ARDEN HILLS
<br />Statement of Cash Flows
<br />Proprietary Funds
<br />Year Ended December 31, 2023
<br />Business -Type
<br />Activities - Enterprise Funds
<br />Surface
<br />Internal
<br />Water
<br />Nonmajor
<br />Service
<br />Water
<br />Sewer
<br />Management
<br />Recycling
<br />Totals
<br />Funds
<br />Cash flows from operating activities
<br />Receipts from customers and users
<br />$ 2,952,232
<br />$ 2,326,483
<br />$ 945,818
<br />$ 150,816
<br />$ 6,375,349
<br />$ 563,846
<br />Payments to suppliers
<br />(1,734,768)
<br />(1,106,706)
<br />(113,666)
<br />(115,588)
<br />(3,070,728)
<br />(568,902)
<br />Payments to employees
<br />(395,696)
<br />(469,714)
<br />(316,613)
<br />(33,301)
<br />(1,215,324)
<br />-
<br />Payments for interfund services used
<br />(74,923)
<br />(77,443)
<br />(54,201)
<br />(6,900)
<br />(213,467)
<br />Net cash flows from operating activities
<br />746,845
<br />672,620
<br />461,338
<br />(4,973)
<br />1,875,830
<br />(5,056)
<br />Cash flows from noncapital financing activities
<br />Cash received from other funds
<br />-
<br />-
<br />-
<br />-
<br />-
<br />150
<br />Cash paid to other funds
<br />-
<br />-
<br />-
<br />-
<br />-
<br />(150)
<br />Grants received
<br />2,533
<br />29
<br />21
<br />26,670
<br />29,253
<br />-
<br />Transfers out
<br />(100,000)
<br />(126,000)
<br />(74,000)
<br />-
<br />(300,000)
<br />-
<br />Net cash flows from noncapital
<br />financing activities
<br />(97,467)
<br />(125,971)
<br />(73,979)
<br />26,670
<br />(270,747)
<br />-
<br />Cash flows from capital and related
<br />financing activities
<br />Acquisition and construction of capital assets
<br />(14,257)
<br />(375,298)
<br />(57,970)
<br />-
<br />(447,525)
<br />-
<br />Capital contributions - connection fees received
<br />36,085
<br />26,003
<br />-
<br />-
<br />62,088
<br />-
<br />Capital contributions - capital grants received
<br />-
<br />67,861
<br />-
<br />-
<br />67,861
<br />-
<br />Principal payments on bonds
<br />(195,000)
<br />(30,000)
<br />-
<br />-
<br />(225,000)
<br />-
<br />Interest paid
<br />(53,049)
<br />(8,250)
<br />-
<br />-
<br />(61,299)
<br />-
<br />Net cash flows from capital and related
<br />financing activities
<br />(226,221)
<br />(319,684)
<br />(57,970)
<br />-
<br />(603,875)
<br />-
<br />Cash flows from investing activities
<br />Earnings on investments
<br />151,348
<br />65,116
<br />37,652
<br />10,120
<br />264,236
<br />6,705
<br />Net change in cash and cash equivalents
<br />574,505
<br />292,081
<br />367,041
<br />31,817
<br />1,265,444
<br />1,649
<br />Cash and cash equivalents - beginning
<br />2,623,227
<br />931,302
<br />339,121
<br />212,687
<br />4,106,337
<br />196,889
<br />Cash and cash equivalents - ending
<br />$ 3,197,732
<br />$ 1,223,383
<br />$ 706,162
<br />$ 244,504
<br />$ 5,371,781 $
<br />198,538
<br />Reconciliation of operating income (loss) to net
<br />cash flows from operating activities
<br />Operating income (loss)
<br />$ 413,769
<br />$
<br />535,341 $
<br />285,251
<br />$ (3,179)
<br />$ 1,231,182
<br />$ 167
<br />Adjustments to reconcile operating income (loss)
<br />to net cash flows from operating activities
<br />Depreciation
<br />376,642
<br />221,567
<br />163,437
<br />-
<br />761,646
<br />-
<br />Decrease (increase)in accounts receivables
<br />(98,442)
<br />(68,015)
<br />(12,989)
<br />(524)
<br />(179,970)
<br />-
<br />Decrease (increase) in prepaid items
<br />(367)
<br />(367)
<br />(367)
<br />-
<br />(1,101)
<br />(330)
<br />Decrease (increase) in inventory
<br />8,842
<br />-
<br />-
<br />-
<br />8,842
<br />-
<br />Decrease (increase) in deferred outflows
<br />17,957
<br />22,042
<br />6,295
<br />-
<br />46,294
<br />-
<br />Increase (decrease)in accounts payable
<br />33,101
<br />(1,161)
<br />179
<br />292
<br />32,411
<br />(536)
<br />Increase (decrease)in deposits payable
<br />(4,000)
<br />-
<br />-
<br />-
<br />(4,000)
<br />-
<br />Increase (decrease) in due to other governments
<br />12,521
<br />(17,221)
<br />-
<br />-
<br />(4,700)
<br />(4,357)
<br />Increase (decrease) in compensated absences
<br />payable
<br />(4,527)
<br />(4,769)
<br />(2,403)
<br />(1,562)
<br />(13,261)
<br />-
<br />Increase (decrease) in net pension liability
<br />(71,632)
<br />(86,872)
<br />(31,419)
<br />-
<br />(189,923)
<br />-
<br />Increase (decrease) in deferred inflows
<br />62,981
<br />72,075
<br />53,354
<br />-
<br />188,410
<br />-
<br />Total adjustments
<br />333,076
<br />137,279
<br />176,087
<br />(1,794)
<br />644,648
<br />(5,223)
<br />Net cash flows from operating activities
<br />$ 746,845
<br />$
<br />672,620 $
<br />461,338
<br />$ (4,973)
<br />$ 1,875,830
<br />$ (5,056)
<br />Noncash investing, capital, and financing activities
<br />Due from other governmental units
<br />Amortization of bond premium/discount
<br />$ 13,457
<br />$
<br />2,099 $
<br />-
<br />$ -
<br />$ 15,556
<br />$ -
<br />See notes to basic financial statements
<br />-22-
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