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<br /> CITY OF RAMSEY
<br /> Stat=ent of Cash Flows
<br /> Proprietary Funds
<br />Year Ended December 31, 2007
<br /> Business-Type Activities - Enterprise Funds
<br /> Water Utility Sewer Utility Street Light
<br />Cash flows from operating activities
<br />Receipts from customers and users $ 1,389,314 $ 1,072,576 $ 170,532
<br />Receipts from interfund services provided
<br />Paid to suppliers/service providers (492,544) (590,725) (88,162)
<br />Paid to employees (188,809) (47,686)
<br />Net cash provided (used) by operating activities 707,961 434,165 82,370
<br />Cash flows from capital and related fmancing activities
<br />Capital contributions 417,039 460,380 65,420
<br />Acquisition of capital assets (845,680) (256,864) (71,910)
<br />Net cash provided (used) by capital and related financing activities (428,641) 203,516 (6,490)
<br />Cash flows from investing activities
<br />Interest received on investments 640,223 330,824 54,628
<br />Cash flows from non capital fmancing activities
<br />Transfers (in)
<br />Transfers (out) (22,000) (17,000) (10,000)
<br />Net cash provided (used) from noncapital fmancing activities (22,000) (17,000) (10,000)
<br />Net increase (decrease) in cash and temporary
<br />investments/cash equivalents 897,543 951,505 120,508
<br />Cash and temporary investments/cash equivalents
<br />Beginning of year 11,311,072 5,277,635 890,447
<br />End of year $ 12,208,615 $ 6,229,140 $ 1,010,955
<br />Reconciliation of operating income (loss) to net cash
<br />provided (used) by operating activities
<br />Operating income (loss) $ 528,564 $ 262,496 $ 62,704
<br />Adjustments to reconcile operating income (loss)
<br />to net cash provided (used) by operating activities
<br />Depreciation 421,205 347,841 27,503
<br />Change in assets and liabilities
<br />Receivables
<br />Deferred special assessments 6,389 2,871
<br />Accounts (57,733) (31,243) (3,009)
<br />Due from other governmental units
<br />Inventory (1,180)
<br />Prep aids (4,475)
<br />Accounts payable (185,983) (138,195) 6,442
<br />Unearned revenue (11,270)
<br />Due to other governmental units (3,301) (5,130)
<br />Net cash provided (used) by operating activities $ 707,961 $ 434,165 $ 82,370
<br />Noncash capital and related fmancing activities
<br />Property and equipment contributed by developers $ 638,106 $ 525,731 $
<br />See notes to basic fmancial statements
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