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Water Sewer Total <br />Cash flows from operating activities <br />Receipts from customers and users 25,901$ 75,868$ 101,769$ <br />Payments to vendors (50,021) (46,434) (96,455) <br />Net cash flows from operating activities (24,120) 29,434 5,314 <br />Cash flows from noncapital and related <br /> financing activities <br />Cash received from (paid to) other funds 28,612 (28,612) – <br />Cash flows from investing activities <br />Interest received (charged)2,394 (18,125) (15,731) <br />Net change in cash and <br /> cash equivalents 6,886 (17,303) (10,417) <br />Cash and cash equivalents – beginning – 406,715 406,715 <br />Cash and cash equivalents – ending 6,886$ 389,412$ 396,298$ <br />Reconciliation of operating income (loss) to net cash <br /> flows from operating activities <br />Operating income (loss)(37,625)$ (2,530)$ (40,155)$ <br />Adjustments to reconcile operating income (loss) <br /> to net cash flows from operating activities <br />Depreciation 13,469 16,066 29,535 <br />Decrease (increase) in <br />Accounts receivable (429) 13,922 13,493 <br />Due from other governmental units – 4 4 <br />Prepaid items – 1,917 1,917 <br />Increase (decrease) in <br />Accounts payable – 55 55 <br />Due to other governments 465 – 465 <br />Net cash flows from operating activities (24,120)$ 29,434$ 5,314$ <br />Business-Type Activities – Enterprise Funds <br />CITY OF GEM LAKE <br />Statement of Cash Flows <br />Proprietary Funds <br />Year Ended December 31, 2022 <br />See notes to basic financial statements -17-