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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) –
<br />Net cash flows from operating activities 2,284,418 372,085 90,463
<br />Cash flows from capital and related financing activitiesCapital assets purchased and contributed to governmental activities – – –
<br />Capital contributions - connection fees 1,060,692 137,777 –
<br />Acquisition of capital assets (5,314,052) (1,615,968) –
<br />Net cash flows from capital and related financing activities (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 – –
<br />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 869,797$ 1,035,124$ –$
<br />Change in capital assets purchased on account 1,348,678$ 73,829$ –$
<br />See notes to basic financial statements
<br />Business-Type Activities – Enterprise Funds
<br /> CITY OF RAMSEY
<br /> Statement of Cash Flows
<br /> Proprietary Funds
<br /> Year Ended December 31, 2023
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