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CITY OF GEM LAKE, MINNESOTA <br />STATEMENT OF CASH FLOWS <br />PROPRIETARY FUND <br />YEAR ENDED DECEMBER 31, 2012 <br />Sewer <br />Utilitv <br />CASH FLOWS FROM OPERATING ACTIVITIES <br />Cash Received from Utility Customers $ 53,004 <br />Cash Payments to Suppliers for Goods and Services (25.258) <br />Net Cash Provided by Operating Activities 27,746 <br />CASH FLOWS FROM INVESTING ACTIVITIES <br />Interest on Investments 3,691 <br />NET INCREASE IN CASH AND CASH EQUIVALENTS 31,437 <br />Cash and Cash Equivalents - Beginning of Year 303,208 <br />CASH AND CASH EQUIVALENTS - END OF YEAR $ 334,645 <br />RECONCILIATION OF OPERATING INCOME TO NET <br />CASH PROVIDED BY OPERATING ACTIVITIES <br />Operating Income <br />Adjustments to Reconcile Operating Income to Net <br />Cash Provided by Operating Activities: <br />Depreciation <br />Changes in Assets and Liabilities: <br />Customer Accounts Receivable <br />Special Assessments Receivable <br />Prepaid Expenses <br />Accounts Payable <br />Net Cash Provided by Operating Activities <br />See accompanying Notes to Basic Financial Statements. <br />(14) <br />19,676 <br />12,457 <br />(2,657) <br />(1,478) <br />(238) <br />(14) <br />$ 27,746 <br />