Comprehensive Annual Financial Report - South Suburban Parks ...

SOUTH SUBURBAN PARK AND RECREATION DISTRICT
STATEMENT OF CASH FLOWS
ENTERPRISE FUND
For the Year Ended December 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers and users $ 20,795,378
Payments to suppliers (11,729,170)
Payments to employees (10,025,868)
Net cash required by operating activities (959,660)
CASH FLOWS FROM NONCAPITAL AND
RELATED FINANCING ACTIVITIES
Transfer in 2,630,000
Donations received 237,167
Net cash provided by noncapital and
related financing activities 2,867,167
CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES
Interest paid (535,872)
Principal paid (1,077,660)
Acquisition of capital assets (282,718)
Proceeds from issuance of debt 4,785,000
Payment to refunded bond escrow agent (5,385,854)
Net cash required by capital and
related financing activities (2,497,104)
CASH FLOWS FROM INVESTING ACTIVITIES
Net investment income received 13,981
Net cash provided by investing activities 13,981
NET INCREASE IN CASH AND
CASH EQUIVALENTS (575,616)
CASH AND CASH EQUIVALENTS - BEGINNING
OF YEAR 3,206,057
CASH AND CASH EQUIVALENTS - END OF YEAR $ 2,630,441
Reconciliation of operating income to net cash provided by operating activities:
Operating income (loss) $ (4,333,661)
Adjustments to reconcile operating income (loss) to net
cash provided by operating activities
Depreciation 3,238,764
Effects of changes in operating assets and liabilities
Receivables 39,790
Inventory (84,496)
Loss on sale of asset -
Accounts payable 85,389
Accrued payroll liabilities 39,119
Deferred revenue 37,668
Compensated absences 17,767
Total adjustments 3,374,001
Net cash required by operating activities $ (959,660)
Non Cash Activity: Capital assets in the amount of $58,871 were contributed during 2010
from governmental activities.
These financial statements should be read only in connection with
the accompanying notes to financial statements.
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