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CITY OF GEM LAKE, MINNESOTA <br />STATEMENT OF CASH FLOWS <br />PROPRIETARY FUND <br />YEAR ENDED DECEMBER 31, 2015 <br />Sewer <br />Utility <br />GASH FLOWS FROM.OPERATING ACTIVITIES <br />Cash Received from uway ciustorners <br />$ 63,4.41 <br />Cash Payments:to Suppliers for Goods and Services <br />35,675 <br />Net Cash Provided by Operating Activities <br />27,766 <br />CASH FLOWS FROM INVESTING. ACTIVITIES <br />Interest on Investments <br />4;503 <br />NET INCREASE IN CASH AND CASH. EQUIVALENTS <br />32,2H <br />Cash and Cash Equivalents - Beginriing of Year <br />38a,464 <br />CASH AND CASH EQUIVALENTS - END OF YEAR <br />$ 412,733. <br />RECONCILIATION OF OPERATING INCOME TO. NET <br />CASH PROVIDEDBY ACTIVITIES <br />operating Income <br />$ 1.5,081 <br />Adjustments. to Reconcile Operating Income to Net <br />Cash Provided by Operating.Activ!ties, <br />Depreciation <br />12,457 <br />Changes in Assets. and Liabilities: <br />Accounts Receivable <br />(1,664) <br />Special Assessments Receivable <br />(181 } <br />Prepaid Items <br />(372) <br />Accounts Payable <br />15 <br />Due to Other Governments <br />2,430 . <br />Net Cash Provided by Operating Activities <br />$ 27,766 <br />5ee.accompanying Notes to. Basic Financial Statements. <br />(12) <br />