Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Statement of Cash Flows, Continued
Proprietary Funds
For the fiscal year ended June 30, 2008
32
Total
Nonmajor Total internal
Big Blue enterprise enterprise service
Wastewater Bus funds funds funds
Reconciliation of operating income (loss) to net
cash provided by (used in) operating activities:
Operating income (loss) $ (5,924,583) (50,510,612) (1,912,856) (58,348,051) 8,996,414
Adjustments to reconcile operating income
(loss) to net cash provided by (used in)
operating activities:
Add depreciation 6,011,310 14,232,445 2,718,758 22,962,513 2,427,615
Change in assets and liabilities:
(Increase) in accounts receivable (106,124) — 127,880 21,756 1,284,719
(Increase) in prepaids (2,382) (4,244) (945) (7,571) (16,650)
Decrease in inventory — (153,797) (45,083) (198,880) (19,843)
Increase (decrease) in accounts payable 1,893,458 1,432,502 574,809 3,900,769 (7,133,453)
Increase (decrease) in accrued liabilities (64,551) 302,290 (232,626) 5,113 57,080
Increase in deposits — (2,841) 589,812 586,971 —
Increase (decrease) in contracts payable (545) (26,065) (692,517) (719,127) —
(Decrease) in claims payable — — — — (504,115)
Decrease in accrued
noncurrent liabilities (32,471) (455,124) (54,699) (542,294) —
Other nonoperating revenue received 371,116 1,747,871 1,276,974 3,395,961 656
Total adjustments 8,069,811 17,073,037 4,262,363 29,405,211 (3,903,991)
Net cash provided by (used in)
operating activities $ 2,145,228 (33,437,575) 2,349,507 (28,942,840) 5,092,423
There were no significant noncash capital financing or investing activities for the year ended June 30, 2008.
See accompanying notes to basic financial statements.