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CITY OF GEM LAKE, MINNESaTA <br />STATEMENT OF CASH FLOWS <br />PROPRIETARY FUND <br />YEAR ENDE❑ ❑ECEMBER 31, 2016 <br />Sewer <br />Utility <br />CASH FLOWS FROM OPERA€ING ACTIVITIES <br />Cash Received from Utility Customers $ 51,685 <br />Cash Payments to Suppliers for Goods and Services (32,922) <br />Net Cash Provided by Operating Activities 18,763 <br />CASH FLOWS. FROM NON CAPITAL FINANCING ACTIVITIES <br />Interfund Loans (397,252) <br />CASH FLOWS FROM INVESTING ACTIVITIES <br />Interest on Investments 510.12 <br />NET DECREASE IN CASH AND CASH EQUIVALENTS <br />(373,477) <br />Cash and Cash Equivalents - Beginning of Year <br />412733 <br />CASH AND CASH EQUIVALENTS - END OF YEAR <br />$ 39;256 <br />RECONCILIATION OF OPERATING INCOME TO NET <br />CASH PROVIDED BY OPERATING ACTIVITIES <br />Operating Income <br />$ 2,397 <br />Adjustments to Reconcile Operating Income to. Net <br />Cash Provided by Operating Activities: <br />Depreciation <br />12,457 <br />Changes :in Assets and Liabilities: <br />Accounts Receivable <br />6,286 <br />Special Assessments Receivable <br />312 <br />Prepaid Items <br />(184) <br />Accounts Payable <br />(15) <br />Due to Other Governments. <br />(2,460) <br />Net Cash Provided.. by Operating Activities <br />$ 1.$,763 <br />See accompanying Notes to Basic Financial Statements. <br />(12) <br />