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CITY OF GEM LAKE, MINNESOTA <br />STATEMENT OF CASH FLOWS <br />PROPRIETARY FUND <br />YEAR ENDED DECEMBER 31, 2015 <br /> <br /> <br /> <br />See accompanying Notes to Basic Financial Statements. <br />(12) <br /> <br />Sewer <br />Utility <br />CASH FLOWS FROM OPERATING ACTIVITIES <br />Cash Received from Utility Customers 63,441$ <br />Cash Payments to Suppliers for Goods and Services (35,675) <br />Net Cash Provided by Operating Activities 27,766 <br />CASH FLOWS FROM INVESTING ACTIVITIES <br />Interest on Investments 4,503 <br />NET INCREASE IN CASH AND CASH EQUIVALENTS 32,269 <br />Cash and Cash Equivalents - Beginning of Year 380,464 <br />CASH AND CASH EQUIVALENTS - END OF YEAR 412,733$ <br />RECONCILIATION OF OPERATING INCOME TO NET <br /> CASH PROVIDED BY OPERATING ACTIVITIES <br />Operating Income 15,081$ <br />Adjustments to Reconcile Operating Income to Net <br /> Cash Provided by Operating Activities: <br />Depreciation 12,457 <br />Changes in Assets and Liabilities: <br />Accounts Receivable (1,664) <br />Special Assessments Receivable (181) <br />Prepaid Items (372) <br />Accounts Payable 15 <br />Due to Other Governments 2,430 <br />Net Cash Provided by Operating Activities 27,766$ <br />