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CITY OF GEM LAKE, MINNESOTA <br />STATEMENT OF CASH FLOWS <br />PROPRIETARY FUND <br />YEAR ENDED DECEMBER 31, 2017 <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 58,125$ <br />Cash Payments to Suppliers for Goods and Services (39,663) <br />Net Cash Provided by Operating Activities 18,462 <br />CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES <br />Interfund Loans 34,393 <br />CASH FLOWS FROM INVESTING ACTIVITIES <br />Interest on Investments 4,248 <br />NET DECREASE IN CASH AND CASH EQUIVALENTS 57,103 <br />Cash and Cash Equivalents - Beginning of Year 39,256 <br />CASH AND CASH EQUIVALENTS - END OF YEAR 96,359$ <br />RECONCILIATION OF OPERATING INCOME TO NET <br /> CASH PROVIDED BY OPERATING ACTIVITIES <br />Operating Income 1,213$ <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 (367) <br />Special Assessments Receivable 2,352 <br />Prepaid Items 276 <br />Accounts Payable 22 <br />Due to Other Governments 2,509 <br />Net Cash Provided by Operating Activities 18,462$ <br /> <br />