Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Statement of Cash Flows
All Internal Service Funds
For the fiscal year ended June 30, 2008
128
Information
Total
Technology Self-Insurance Self-Insurance internal
Vehicle Replacement Compre- Self-Insurance Self-Insurance Workers’ service
Management and Services hensive Bus Auto Compensation funds
Cash flows from operating activities:
Cash received from customers $ 11,829,255 1,826,063 10,133,569 1,923,662 758,766 6,254,276 32,725,591
Cash payments for materials and services (3,196,937) (1,054,149) (10,448,748) (312,480) (79,148) (717,047) (15,808,509)
Cash payments for claims and related expenses — — (1,913,277) (421,913) (452,816) (5,315,942) (8,103,948)
Cash payments to employees for services (2,349,849) — — — — (1,371,518) (3,721,367)
Other nonoperating revenue received — — — — — 656 656
Net cash provided by (used in) operating activities 6,282,469 771,914 (2,228,456) 1,189,269 226,802 (1,149,575) 5,092,423
Cash flows from noncapital financing activities:
Transfers in 12,346 — — — — 665,406 677,752
Transfers out — — (305,000) (257,000) (96,000) — (658,000)
Net cash provided by (used in) noncapital financing activities 12,346 — (305,000) (257,000) (96,000) 665,406 19,752
Cash flows from capital and related financing activities:
Acquisition and construction of capital assets (4,609,826) — — — — — (4,609,826)
Proceeds from sale of capital assets 216,619 (198,627) — — — — 17,992
Net cash used in capital and related financing activities (4,393,207) (198,627) — — — — (4,591,834)
Cash flows from investing activities – interest on investments 781,619 157,030 97,920 67,282 61,238 946,374 2,111,463
Net increase (decrease) in cash and cash equivalents 2,683,227 730,317 (2,435,536) 999,551 192,040 462,205 2,631,804
Cash and cash equivalents at beginning of year 23,434,050 3,857,291 9,818,961 1,180,933 1,490,198 24,668,251 64,449,684
Cash and cash equivalents at end of year $ 26,117,277 4,587,608 7,383,425 2,180,484 1,682,238 25,130,456 67,081,488
Cash and investments 26,117,277 4,587,608 7,383,425 2,180,484 1,682,238 25,130,456 67,081,488
Total cash and cash equivalents 26,117,277 4,587,608 7,383,425 2,180,484 1,682,238 25,130,456 67,081,488
Reconciliation of operating income (loss) to net cash
provided by (used in) operating activities:
Operating income (loss) $ 3,028,109
489,730 5,919,167 425,314 264,268 (1,130,174) 8,996,414
Adjustments to reconcile operating income (loss) to net
cash provided by (used in) operating activities:
Add depreciation 2,173,366 254,249 — — — — 2,427,615
Change in assets and liabilities:
(Increase) in accounts receivable 955,505 (1,931) — 331,162 — (17) 1,284,719
(Increase) in prepaids — — (16,192) — — (458) (16,650)
Decrease in inventories (19,843) — — — — — (19,843)
Increase (decrease) in accounts payable 107,602 29,866 (7,300,750) 21,273 (18,263) 26,819 (7,133,453)
Increase in accrued liabilities 37,730 — — — — 19,350 57,080
(Decrease) in claims payable — — (830,681) 411,520 (19,203) (65,751) (504,115)
Other nonoperating revenue received — — — — — 656 656
Total adjustments 3,254,360 282,184 (8,147,623) 763,955 (37,466) (19,401) (3,903,991)
Net cash provided by (used in) operating activities $ 6,282,469
771,914 (2,228,456) 1,189,269 226,802 (1,149,575) 5,092,423
There were no significant noncash capital financing or investing activities for the year ended June 30, 2008.