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CITY OF GEM LAKE, MINNESOTA. <br />STATEMENT OF CASH FLOWS <br />PROPRIETARY FUND <br />YEAR ENDE❑ DECEMBER 31, 2012 <br />Sewer <br />utility <br />CASH FLOWS FROM ❑AERATING ACTIVITIES <br />Cash Received from utility Customers <br />$ 53,004 <br />Cash Payments. to :Suppliers. for Goods and Services <br />(25,258) <br />Net Cash Provided by Operating Activities <br />27,746 <br />CASH. FLOWS. FRONT INVESTING ACTIVITIES <br />Interest on investments: <br />3,691 <br />NET INCREASE IN CASH AND CASH EQUIVALENTS <br />3.1;437 <br />Y- Cash and Cash Equivalents - Beginning. of Year <br />303;208 <br />CASH AND CASH EQUIVALENTS - END OF YEAR <br />$ 334,645 <br />RECONCILIATION OF OPERATING INCOME TO. NET <br />CASH PROVIDED BY OPERATING. ACTIVITIES <br />Operating. Income <br />$ 19,676 <br />Adjustments: to Reconcile ❑perating Income to Net <br />Cash Provided by Operating Activities: <br />Depreciation <br />12,45.7 <br />Changes .in Assets and Liabilities - <br />Customer -Accounts. Receivable <br />(2,657) <br />Special Assessments. Receivable. <br />(1,478) <br />w. Prepaid Expenses. <br />(238) <br />Accounts Payable <br />(14) <br />Net.Cash Provided by Operating Activities <br />$ 27,746 <br />Soo accompanying (Votes to Basic Financial Statements. <br />(14) <br />