Comprehensive Annual Financial Report - St. Tammany Parish ...

SCHEDULE H
(continued)
ST. TAMMANY PARISH, LOUISIANA
Statement of Cash Flows
Proprietary Funds
For the Year Ended December 31, 2010
GOVERNMENTAL
BUSINESS-TYPE ACTIVITIES-ENTERPRISE FUNDS
ACTIVITIES
526 622, 623 TOTAL INTERNAL
St. Tammany Parish Utility ENTERPRISE SERVICE
State Complex (Non-major) Operations (Major) FUNDS FUNDS
Current Year Prior Year Current Year Prior Year Current Year Current Year
Reconciliation of Operating Income to Net Cash Provided by Operating Activities
Operating income $ 109,567 $ 299,449 $ 1,011,165 $ 409,554 $ 1,120,732 $ 2,825,483
Depreciation expense 146,858 144,844 2,316,788 241,847 2,463,646 693,046
(Increase) decrease in accounts receivable - 2 (569,453) 22,771 (569,453) (133,368)
(Increase) decrease in prepaid items 162 (55) - - 162 40,810
Increase (decrease) in accounts payable 21,315 (49,413) 395,173 109,249 416,488 (209,584)
Increase (decrease) in salaries/benefits payable
- - 69,418 1,738 69,418 (74,449)
Increase in other liabilities - - 783,155 33,786 783,155 593,958
Increase (decrease) in unearned revenue 416 23,827 - - 416 (1,531)
Total Adjustments 168,751 119,205 2,995,081 409,391 3,163,832 908,882
Net Cash Provided by Operating Activities $ 278,318 $ 418,654 $ 4,006,246 $ 818,945 $ 4,284,564 $ 3,734,365
Non-cash and Financing Activities
St. Tammany Parish State Complex (526)
2010
A capital project to improve the building was completed in 2010 and this project was funded and accounted for in a capital project fund. Once
complete, the asset was transferred to this fund where the operations for the building are reported.
Utility Operations (622,623)
2010
A sewerage storage tank was purchased using a disaster grant. The revenues and expenditures for this grant are accounted for in the
Disaster Relief fund (319). The asset was then transferred to the Utility Operations enterprise fund where it is used.
A water system well pump was replaced using an environmental services grant and accounted for in a special revenue fund. Once
complete, the asset was transferred to the Utility Operations enterprise fund where is is used.
2009
Sewerage District No. 6 was dissolved after selling their operational assets and the residual assets became part of the St. Tammany Parish
Utility Operations enterprise fund.
Capital assets that were funded through grants, but are now used by the Utility Operations enterprise fund were transferred to the Utility
Operations enterprise fund.
Internal Service Funds
2010
Two projects were completed that were funded by a capital project fund that were improvements to the Pubic Works Building. These
assets were then transferred to the internal service funds that accounts for the buildings operations.
The Public Works Administration fund was used in prior years to account for expenses that needed to be allocated out to two separate
special revenue funds. One of the taxes was re-dedicated and beginning in 2011, all of these expenditures will be accounted for in
one special revenue fund. Public Works Administration fund was closed as of December 31, 2010 and all assets were transferred accordingly.
The accompanying notes are an integral part of this statement.
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