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CITY OF RAMSEY
<br />Statement of Cash Flows
<br />Proprietary Funds
<br />Year Ended December 31, 2024
<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 $ 2,691,414 $ 2,323,868 $ 246,132
<br />Receipts from interfund services provided — — —
<br />Paid to suppliers/service providers (734,284) (1,406,431) (146,601)
<br />Paid to employees (548,046) (297,770) Net cash flows from operating activities 1,409,084 619,667 99,531
<br />Cash flows from capital and related financing activities
<br />Capital contributions - connection fees
<br />Capital contributions -capital grants
<br />Acquisition of capital assets
<br />Net cash flows from capital and related financing activities
<br />Cash flows from investing activities
<br />Interest and changes in fair value on investments
<br />1,571,669 618,770
<br />3,697,697 —
<br />(22,507,790) (298,754)
<br />(17,238,424) 320,016
<br />1,093,620 629,005
<br />69,561
<br />Cash flows from noncapital financing activities
<br />Transfers in 7,424,550 33,026 48,892
<br />Transfers (out) (55,000) (7,049,000) (29,000)
<br />Intergovernmental revenue 8,078 4,616
<br />Advances made to other funds (307,876) (21,000) (48,892)
<br />Net cash flows from noncapital financing activities 7,069,752 (7,032,358) (29,000)
<br />Net increase (decrease) in cash and temporary
<br />investments/cash equivalents
<br />Cash and temporary investments/cash equivalents
<br />Beginning of year
<br />(7,665,968) (5,463,670) 140,092
<br />26,287,609 11,307,068 1,438,160
<br />End of year $ 18,621,641 $ 5,843,398 $ 1,578,252
<br />Reconciliation of operating income (loss) to net cash
<br />flows from operating activities
<br />Operating income (loss) $ 924,666 $ 14,697 $ 75,827
<br />Adjustments to reconcile operating income (loss)
<br />to net cash flows from operating activities
<br />Depreciation 1,045,627 698,160 30,735
<br />Change in assets, deferred inflows, liabilities and deferred outflows
<br />Receivables
<br />Delinquent and deferred special assessments (30,044) (28,164)
<br />Accounts 50,753 (133,514) (1,530)
<br />Due from other governmental units (497,697) —
<br />Prepaids (5,725) (1,451)
<br />Deferred outflows - pension plan deferments 21,751 12,429
<br />Accounts payable and contracts payable (58,812) (69,687) (10,220)
<br />Unearned revenue — 59,640 4,712
<br />Due to other governmental units (4,669) 88,565 7
<br />Net pension liability (69,712) (39,835)
<br />Deferred inflows - pension plan deferments 32,946 18,827
<br />Net cash flow from operating activities
<br />$ 1,409,084 $ 619,667 $ 99,531
<br />Noncash, investing, capital, and financing activities
<br />Contributions of capital assets from developers $ 563,256 $ 272,930 $
<br />Change in capital assets purchased on account $ 709,844 $ — $
<br />See notes to basic financial statements
<br />56
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