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CITY OF RAMSEY
<br />Statement of Cash Flows
<br />Proprietary Funds
<br />Year Ended December 31, 2023
<br />Business -Type Activities — Enterprise Funds
<br />Street Light
<br />Water Utility Sewer Utility Utility
<br />Cash flows from operating activities
<br />Receipts from customers and users $ 3,399,369 $ 1,898,041 $ 232,956
<br />Receipts from interfund services provided
<br />Paid to suppliers/service providers (648,448) (1,265,289) (142,493)
<br />Paid to employees (466,503) (260,667) Net cash flows from operating activities 2,284,418 372,085 90,463
<br />Cash flows from capital and related financing activities
<br />Capital contributions - connection fees
<br />Acquisition of capital assets
<br />Net cash flows from capital and related financing activities
<br />1,060,692
<br />(5,314,052)
<br />137,777
<br />(1,615,968)
<br />(4,253,360) (1,478,191)
<br />Cash flows from investing activities
<br />Interest and changes in fair value on investments 2,072,701 850,112 64,707
<br />Cash flows from noncapital financing activities
<br />Transfers in 76,550 12,026
<br />Transfers (out) (51,000) (45,000) (27,000)
<br />Intergovernmental revenue 30 39,613
<br />Repayment of advances to other funds 39,338 Net cash flows from noncapital financing activities 64,918 6,639 (27,000)
<br />Net increase (decrease) in cash and temporary
<br />investments/cash equivalents 168,677 (249,355) 128,170
<br />Cash and temporary investments/cash equivalents
<br />Beginning of year 26,118,932 11,556,423 1,309,990
<br />End of year $ 26,287,609 $ 11,307,068 $ 1,438,160
<br />Reconciliation of operating income (loss) to net cash
<br />flows from operating activities
<br />Operating income (loss) $ 1,512,647 $ (215,337) $ 60,683
<br />Adjustments to reconcile operating income (loss)
<br />to net cash flows from operating activities
<br />Depreciation 849,765 678,004 31,625
<br />Change in assets, deferred inflows, liabilities and deferred outflows
<br />Receivables
<br />Delinquent and deferred special assessments (17,533) (15,607)
<br />Accounts (158,059) (80,817) (3,121)
<br />Due from other governmental units
<br />Prepaids — (10,112)
<br />Deferred outflows - pension plan deferments 34,832 19,903
<br />Accounts payable and contracts payable 66,741 (1,258) (195)
<br />Unearned revenue — — 1,470
<br />Due to other governmental units 13,652 7,381 1
<br />Net pension liability (91,617) (52,352) —
<br />Deferred inflows - pension plan deferments 73,990 42,280
<br />Net cash flow from operating activities $ 2,284,418 $ 372,085 $ 90,463
<br />Noncash, investing, capital, and financing activities
<br />Contributions of capital assets from developers
<br />Change in capital assets purchased on account
<br />See notes to basic financial statements
<br />$ 869,797 $ 1,035,124 $
<br />$ 1,348,678 $ 73,829 $
<br />56
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