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CITY OF GEM LAKE, MINNESOTA <br />STATEMENT OF CASH FLOWS <br />PROPRIETARY FUND <br />YEAR ENDED DECEMBER 31, 2014 <br /> <br /> <br /> <br />See accompanying Notes to Basic Financial Statements. <br />(14) <br /> <br />Sewer <br />Utility <br />CASH FLOWS FROM OPERATING ACTIVITIES <br />Cash Received from Utility Customers 50,330$ <br />Cash Payments to Suppliers for Goods and Services (46,771) <br />Net Cash Provided by Operating Activities 3,559 <br />CASH FLOWS FROM INVESTING ACTIVITIES <br />Interest on Investments 5,833 <br />NET INCREASE IN CASH AND CASH EQUIVALENTS 9,392 <br />Cash and Cash Equivalents - Beginning of Year 371,072 <br />CASH AND CASH EQUIVALENTS - END OF YEAR 380,464$ <br />RECONCILIATION OF OPERATING INCOME TO NET <br /> CASH PROVIDED BY OPERATING ACTIVITIES <br />Operating Income 1,023$ <br />Adjustments to Reconcile Operating Income to Net <br /> Cash Provided by Operating Activities: <br />Depreciation 12,456 <br />Changes in Assets and Liabilities: <br />Accounts Receivable (2,046) <br />Due from Other Governments 737 <br />Special Assessments Receivable 2,057 <br />Prepaid Items (152) <br />Accounts Payable (4) <br />Due to Other Governments (10,512) <br />Net Cash Provided by Operating Activities 3,559$ <br />