Laserfiche WebLink
CITY OF GEM LAKE; MINNESOTA <br />STATEMENT OF CASH FLOWS <br />PROPRIETARY FUND <br />YEAR ENDED DECEMBER 31., 2008 <br />(WITH COMPARATIVE DATA FOR THE YEAR.ENDED DECEMBER 31, 2007) <br />2008. <br />Sewer <br />Utility <br />2007 <br />Totals <br />CASH FLOWS FROM OPERATING ACTIVITIES <br />Cash Received. from .Utility Customers $ 53,142 $ 46,702 <br />Cash Payments to Suppliers for Goods and Services (33,387) (52,992) <br />Net Cash Provided. (Used) by Operating Activities 19,755 (6,290) <br />CASH FLOWS FROM INVESTING ACTIVITIES <br />Interest on Investments <br />CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES <br />Transfers In <br />6,076 6,641 <br />25,000 5,000 <br />NET INCREASE IN CASH AND CASH EQUIVALENTS 50,831 5,351 <br />Cash and Cash Equivalents- Beginning of Year 126,370 121,019 <br />CASH AND CASH EQUIVALENTS - END OF YEAR $ 177,201 $ 126,370 <br />RECONCILIATION OF OPERATING INCOME (LOSS) TO NET <br />CASH PROVIDED. (USED) BY OPERATING ACTIVITIES <br />Operating Income (Loss) $ 11,774 $ (11,532) <br />Adjustments to Reconcile Operating Income (Loss) to Net <br />Cash Provided (Used) by Operating Activities: <br />Depreciation 11,416 11,416 <br />Changes in Assets and Liabilities: <br />Customer Accounts Receivable 1,195 (3,747) <br />Special Assessments Receivable 1,241 (1,723) <br />Prepaid Expenses (5,927) (278) <br />Accounts Payable 56 (426) <br />Net Cash Provided (Used) by Operating Activities $. 19,755 $ (6,290) <br />See .accompanying Notes to Basic Financial Statements.. <br />(13) <br />