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CITY OF GEM LAKE, MINNESOTA <br />STATEMENT OF CASH FLOWS <br />PROPRIETARY FUNDS <br />YEAR ENDED DECEMBER 31, 2019 <br /> <br /> <br /> <br />See accompanying Notes to Basic Financial Statements. <br />(12) <br /> <br />Sewer Water 2019 <br />Utility Utility Totals <br />CASH FLOWS FROM OPERATING ACTIVITIES <br />Cash Received from Utility Customers 59,105$ 36,458$ 95,563$ <br />Cash Payments to Suppliers for Goods and Services (73,749) (30,535) (104,284) <br />Net Cash Provided (Used) by Operating Activities (14,644) 5,923 (8,721) <br />CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES <br />Interfund Loans 89,297 (5,830) 83,467 <br />CASH FLOWS FROM INVESTING ACTIVITIES <br />Interest on Investments 9,318 (93) 9,225 <br />NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 83,971 - 83,971 <br />Cash and Cash Equivalents - Beginning of Year 133,015 - 133,015 <br />CASH AND CASH EQUIVALENTS - END OF YEAR 216,986$ -$ 216,986$ <br />RECONCILIATION OF OPERATING INCOME (LOSS) TO NET <br /> CASH PROVIDED (USED) BY OPERATING ACTIVITIES <br />Operating Income (Loss) 8,912$ (17,674)$ (8,762)$ <br />Adjustments to Reconcile Operating Income (Loss) to Net <br /> Cash Provided (Used) by Operating Activities: <br />Depreciation 16,065 12,524 28,589 <br />Changes in Assets and Liabilities: <br />Accounts Receivable (2,744) (1,080) (3,824) <br />Special Assessments Receivable (3,579) - (3,579) <br />Prepaid Items (528) - (528) <br />Accounts Payable (41,283) (63) (41,346) <br />Due to Other Governments 8,513 12,216 20,729 <br />Net Cash Provided (Used) by Operating Activities (14,644)$ 5,923$ (8,721)$ <br />NONCASH TRANSACTIONS <br />Capital Contribution from Governmental Activities 20,886$ 130,343$ 151,229$ <br />