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CITY OF RAMSEY
<br />Statement of Cash Flows
<br />Proprietary Funds
<br />Year Ended December 31, 2006
<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 $ 1,312,105 $ 1,002,579 $ 163,407
<br />Receipts from interfund services provided --- -- —
<br />Paid to suppliers/service providers (343,038) (462,692) (99,646)
<br />Paid to employees (176,395) (43,963) —
<br />Net cash provided (used) by operating activities 792,672 495,924 63,761
<br />Cash Mows from capital and related financing activities
<br />Capital contributions 3,371,356 2,911,255 69,400
<br />Acquisition of capital assets (3,525,040) (3,108,898) (64,094)
<br />Net cash provided (used) by capital and related financing activities (153,684) (197,643) 5,306
<br />Cash flows from investing activities
<br />Interest received on investments 509,504 235,734 40,676
<br />Cash flows from noncapital financing activities
<br />Transfers (out) (20,000) (15,000) (9,000)
<br />Net increase (decrease) in cash and temporary
<br />investments /cash equivalents 1,128,492 519,015 100,743
<br />Cash and temporary investments /cash equivalents
<br />Beginning of year 10,182,580 4,758,620 789,704
<br />End of year $ 11,311,072 $ 5,277,635 $ 890,447
<br />Reconciliation of operating income (loss) to net cash
<br />provided (used) by operating activities
<br />Operating income (loss) $ 410,408 $ 272,401 $ 58,909
<br />Adjustments to reconcile operating income (loss)
<br />to net cash provided (used) by operating activities
<br />Depreciation 405,711 337,334 24,380
<br />Change in assets and liabilities
<br />Receivables
<br />Deferred special assessments 6,580 2,956
<br />Accounts (11,678) (45,503) (4,141)
<br />Due from other governmental units -- 855 —
<br />Inventory (1,920) — —
<br />Prepaids — (3,431) —
<br />Accounts payable (25,361) (7,828) (5,017)
<br />Unearned revenue -- -- (10,370)
<br />Due to other governmental units 8,932 (60,860)
<br />Net cash provided (used) by operating activities $ 792,672 $ 495,924 $ 63,761
<br />Noncash capital and related financing activities
<br />Property and equipment contributed by developers $ 1,401,451 $ 1,766,974 $ —
<br />See notes to basic financial statements
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