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Water Sewer Total <br />Cash flows from operating activities <br />Receipts from customers and users 44,233$ 58,929$ 103,162$ <br />Payments to vendors (27,517) (53,692) (81,209) <br />Net cash flows from operating activities 16,716 5,237 21,953 <br />Cash flows from noncapital and related <br /> financing activities <br />Cash received from (paid to) other funds (15,206) 15,206 – <br />Cash flows from investing activities <br />Interest received (charged)(4,705) 23,605 18,900 <br />Net change in cash and <br /> cash equivalents (3,195) 44,048 40,853 <br />Cash and cash equivalents – beginning 6,886 389,412 396,298 <br />Cash and cash equivalents – ending 3,691$ 433,460$ 437,151$ <br />Reconciliation of operating income (loss) to net cash <br /> flows from operating activities <br />Operating income (loss)(5,666)$ (17,240)$ (22,906)$ <br />Adjustments to reconcile operating income (loss) <br /> to net cash flows from operating activities <br />Depreciation 21,547 17,319 38,866 <br />Decrease (increase) in <br />Accounts receivable 323 722 1,045 <br />Prepaid items – 4,458 4,458 <br />Increase (decrease) in <br />Accounts payable – (22) (22) <br />Due to other governments 512 – 512 <br />Net cash flows from operating activities 16,716$ 5,237$ 21,953$ <br />Business-Type Activities – Enterprise Funds <br />CITY OF GEM LAKE <br />Statement of Cash Flows <br />Proprietary Funds <br />Year Ended December 31, 2023 <br />See notes to basic financial statements -17-