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City of Roseville, Minnesota Statement 8
<br />STATEMENT OF CASH FLOWS (Page 2 of 2)
<br />PROPRIETARY FUNDS
<br />For the Fiscal Year Ended December 31, 2016
<br />Governmental
<br />Activities -
<br />Storm Solid Waste Internal
<br />Drainage Recycling Total Service Funds
<br />CASH FLOWS FROM OPERATING ACTIVITIES
<br /> Cash received from customers and users, including deposits 1,764,426 337,124 13,519,693 313,020
<br /> Cash payments to suppliers for goods and services (573,873) (444,954) (8,875,392) (405,317)
<br /> Cash payments to employees (359,567) (29,449) (1,643,612) 114,426
<br /> Other operating revenues 2,481 15,674 61,392 -
<br />NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES 833,467 (121,605) 3,062,081 22,129
<br />CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
<br /> Transfers Out to Other Funds (100,000) (15,000) (805,000) -
<br /> Subsidy from governmental grants (154,650) 84,315 (70,335) -
<br />NET CASH PROVIDED (USED) BY NONCAPITAL FINANCING ACTIVITIES (254,650) 69,315 (875,335) -
<br />CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
<br /> Purchase of capital assets (1,237,824) (3,491,760) -
<br /> Subsidy from governmental grants - - 277,055 -
<br /> Proceeds from sale of capital assets 6,010 - 7,635 -
<br />NET CASH PROVIDED (USED) IN CAPITAL AND RELATED
<br /> FINANCING ACTIVITIES (1,231,814) - (3,207,070) -
<br />CASH FLOWS FROM INVESTING ACTIVITIES
<br />Interest received on investments 5,817 844 37,657 43,902
<br />Increase (Decrease) in Fair Value of Investments (8,456) (902) (46,107) (51,558)
<br />NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES (2,639) (58) (8,450) (7,656)
<br />NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (655,636) (52,348) (1,028,774) 14,473
<br />CASH AND CASH EQUIVALENTS, JANUARY 1 981,225 91,017 3,375,114 2,871,384
<br />CASH AND CASH EQUIVALENTS, DECEMBER 31 325,589 38,669 2,346,340 2,885,857
<br />RECONCILIATION OF OPERATING INCOME (LOSS) TO
<br />NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES
<br />Operating Income (Loss)470,871 (109,047) 2,057,237 117,701
<br />Adjustments to Reconcile Operating Income to
<br /> Net Cash Provided (Used) by Operating Activities
<br /> Depreciation 440,914 - 1,154,037 -
<br /> Pension related activity 36,619 6,105 87,209 -
<br /> Changes in elements affecting cash:
<br /> (Increase) Decrease in Accounts receivable (31,820) (20,307) (380,463) -
<br /> (Increase) Decrease in Special assessments - - (52,910) -
<br /> (Increase) Decrease in Due from other governmental untis - 1,234 14,401 -
<br /> (Increase) Decrease in Prepaid items - - (235,385) -
<br /> Increase (Decrease) in Accounts payable 4,938 75 33,650 3,476
<br /> Increase (Decrease) in Accrued payroll 2,266 228 10,776 -
<br /> Increase (Decrease) in Compensated absences (604) - 7,348 -
<br /> Increase (Decrease) in Contracts payable (98,776) - (154,791) -
<br /> Increase (Decrease) in Customer deposits - - 61,289 -
<br /> Increase (Decrease) in Due to other governmental units 7,531 107 453,570 (6,740)
<br /> Increase (Decrease) in Net other postemployment benefits obligation 1,528 - 6,113 -
<br /> Increase (Decrease) in Insurance claim payable - - - (92,308)
<br /> Total Adjustments 362,596 (12,558) 1,004,844 (95,572)
<br />
<br />NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES 833,467 (121,605) 3,062,081 22,129
<br />NONCASH INVESTING, CAPITAL AND FINANCING ACTIVITIES
<br /> Increase/(Decrease) in fair market value of investments (8,456) (902) (46,107) (51,558)
<br />The notes to the financial statements are an integral part of this statement.
<br /> Business-type Activities - Enterprise Funds
<br />
<br />39
<br />Item 8: Attachment D
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