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CITY OF RAMSEY
<br />Statement of Cash Flows
<br />Proprietary Funds
<br />Year Ended December 31, 2022
<br />Business -Type Activities — Enterprise Funds
<br />Street Light
<br />Water Utility
<br />Sewer Utility
<br />Utility
<br />Cash flows from operating activities
<br />Receipts from customers and users
<br />$ 21927,644
<br />$ 11825,144
<br />$ 2271365
<br />Receipts from interfund services provided
<br />—
<br />—
<br />—
<br />Paid to suppliers/service providers
<br />(692,129)
<br />(11150,304)
<br />(139,813)
<br />Paid to employees
<br />(419,877)
<br />(194,142)
<br />—
<br />Net cash flows from operating activities
<br />1,815,638
<br />4801698
<br />871552
<br />Cash flows from capital and related financing activities
<br />Capital assets purchased and contributed to governmental activities
<br />—
<br />—
<br />—
<br />Capital contributions - connection fees
<br />841,673
<br />30400
<br />—
<br />Acquisition of capital assets
<br />(1,666,424)
<br />(11182,355)
<br />—
<br />Net cash flows from capital and related financing activities
<br />(824,751)
<br />(877,475)
<br />—
<br />Cash flows from investing activities
<br />Interest and changes in fair value on investments
<br />(3,561,789)
<br />(1,331,238)
<br />(11,160)
<br />Cash flows from noncapital financing activities
<br />Transfers in
<br />61,853
<br />—
<br />—
<br />Transfers (out)
<br />(49,000)
<br />(43,000)
<br />(25,000)
<br />Intergovernmental revenue
<br />11465
<br />837
<br />—
<br />Repayment of advances to other funds
<br />38,566
<br />—
<br />Net cash flows from noncapital financing activities
<br />5204
<br />(42,163)
<br />(25,000)
<br />Net increase (decrease) in cash and temporary
<br />investments/cash equivalents
<br />(2,518,018)
<br />(1,770,178)
<br />51,392
<br />Cash and temporary investments/cash equivalents
<br />Beginning of year
<br />289636,950
<br />1313269601
<br />112589598
<br />End of year
<br />$ 26,118,932
<br />$ 1115569423
<br />$ 113095990
<br />Reconciliation of operating income (loss) to net cash
<br />flows from operating activities
<br />Operating income (loss)
<br />$ 1,0661)787
<br />$ (70,399)
<br />$ 571627
<br />Adjustments to reconcile operating income (loss)
<br />to net cash flows from operating activities
<br />Depreciation
<br />824,966
<br />630,059
<br />3206
<br />Change in assets, deferred inflows, liabilities and deferred outflows
<br />Receivables
<br />Delinquent and deferred special assessments
<br />(31,228)
<br />(29,302)
<br />—
<br />Accounts
<br />(13,291)
<br />(22,511)
<br />(3,027)
<br />Due from other governmental units
<br />91600
<br />—
<br />Prepaids
<br />—
<br />(12,450)
<br />—
<br />Deferred outflows - pension plan deferments
<br />399972
<br />22,841
<br />—
<br />Accounts payable
<br />(67,735)
<br />31769
<br />67
<br />Unearned revenue
<br />—
<br />—
<br />Due to other governmental units
<br />(1,419)
<br />(34,442)
<br />(1)
<br />Net pension liability
<br />14905
<br />859636
<br />—
<br />Deferred inflows - pension plan deferments
<br />(161,879)
<br />(92,503)
<br />—
<br />Net cash flow from operating activities
<br />$ 1,815,638
<br />$ 480,698
<br />$ 871552
<br />Noncash, investing, capital, and financing activities
<br />Contributions of capital assets from developers $ 1,216,906 $ 19223,241 $ —
<br />See notes to basic financial statements
<br />56
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