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City of Roseville, Minnesota Statement 8
<br />STATEMENT OF CASH FLOWS (Page 1 of 2)
<br />PROPRIETARY FUNDS
<br />For the Fiscal Year Ended December 31, 2016
<br />
<br />Sanitary Sewer Water Golf Course
<br />CASH FLOWS FROM OPERATING ACTIVITIES
<br /> Cash received from customers and users, including deposits 4,601,059 6,514,689 302,395
<br /> Cash payments to suppliers for goods and services (2,723,626) (5,054,272) (78,667)
<br /> Cash payments to employees (436,468) (583,384) (234,744)
<br /> Other operating revenues - 12,410 30,827
<br />NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES 1,440,965 889,443 19,811
<br />CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
<br /> Transfers Out to Other Funds (285,000) (385,000) (20,000)
<br /> Subsidy from governmental grants - - -
<br />NET CASH PROVIDED (USED) BY NONCAPITAL FINANCING ACTIVITIES (285,000) (385,000) (20,000)
<br />CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
<br /> Purchase of capital assets (1,336,988) (916,948) -
<br /> Subsidy from governmental grants 277,055 - -
<br /> Proceeds from sale of capital assets - 1,625 -
<br />NET CASH PROVIDED (USED) IN CAPITAL AND RELATED
<br /> FINANCING ACTIVITIES (1,059,933) (915,323) -
<br />CASH FLOWS FROM INVESTING ACTIVITIES
<br />Interest received on investments 10,834 15,616 4,546
<br />Increase (Decrease) in Fair Value of Investments (12,759) (19,213) (4,777)
<br />NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES (1,925) (3,597) (231)
<br />NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 94,107 (414,477) (420)
<br />CASH AND CASH EQUIVALENTS, JANUARY 1 639,578 1,395,922 267,372
<br />CASH AND CASH EQUIVALENTS, DECEMBER 31 733,685 981,445 266,952
<br />RECONCILIATION OF OPERATING INCOME (LOSS) TO
<br />NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES
<br />Operating Income (Loss)992,446 710,422 (7,455)
<br />Adjustments to Reconcile Operating Income to
<br /> Net Cash Provided (Used) by Operating Activities
<br /> Depreciation 369,058 328,121 15,944
<br /> Pension related activity 23,420 16,961 4,104
<br /> Changes in elements affecting cash:
<br /> (Increase) Decrease in Accounts receivable (154,334) (174,002) -
<br /> (Increase) Decrease in Special assessments (52,910) - -
<br /> (Increase) Decrease in Due from other governmental untis - 13,167 -
<br /> (Increase) Decrease in Prepaid items (234,685) - (700)
<br /> Increase (Decrease) in Accounts payable 101,028 (71,634) (757)
<br /> Increase (Decrease) in Accrued payroll 2,721 4,176 1,385
<br /> Increase (Decrease) in Compensated absences (611) 2,864 5,699
<br /> Increase (Decrease) in Contracts payable (76,717) 20,702 -
<br /> Increase (Decrease) in Customer deposits - 61,289 -
<br /> Increase (Decrease) in Due to other governmental units 469,511 (24,661) 1,082
<br /> Increase (Decrease) in Net other postemployment benefits obligation 2,038 2,038 509
<br /> Increase (Decrease) in Insurance claim payable - - -
<br /> Total Adjustments 448,519 179,021 27,266
<br />NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES 1,440,965 889,443 19,811
<br />NONCASH INVESTING, CAPITAL AND FINANCING ACTIVITIES
<br /> Increase/(Decrease) in fair market value of investments (12,759) (19,213) (4,777)
<br />The notes to the financial statements are an integral part of this statement.
<br /> Business-type Activities - Enterprise Funds
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<br />Item 8: Attachment D
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