village of wellington, florida

VILLAGE OF WELLINGTON, FLORIDASTATEMENT OF CASH FLOWSPROPRIETARY FUNDSYEAR ENDED SEPTEMBER 30, 2009Utility SolidSystem Waste TotalCash flows from operating activities:Receipts from customers $ 13,320,795 $ 3,619,971 $ 16,940,766Payments to suppliers for goods and services (6,909,119) (3,326,338) (10,235,457)Payments to employees for services (3,858,748) (146,610) (4,005,358)Refunds to customers - (2,263,825) (2,263,825)Other operating revenues 856,661 411,911 1,268,572Net cash provided by (used in) operating activities 3,409,589 (1,704,891) 1,704,698Cash flows from noncapital financing activity:Transfers to other funds (1,450,000) (2,193,904) (3,643,904)Net cash used in noncapital financing activity (1,450,000) (2,193,904) (3,643,904)Cash flows from capital and related financing activities:Capital contributions 774,629 - 774,629Acquisition of property, plant and equipment (7,604,670) - (7,604,670)Repayment of advances from other funds - (125,567) (125,567)Principal paid on indebtedness (2,280,000) - (2,280,000)Interest paid on indebtedness (487,424) - (487,424)Net cash used in capital and related financing activities (9,597,465) (125,567) (9,723,032)Cash flows from investing activities:Interest received 1,395,895 230,387 1,626,282Sale of investments 15,060,128 4,391,652 19,451,780Purchase of investments (9,547,273) (1,212,352) (10,759,625)Net cash provided by investing activities 6,908,750 3,409,687 10,318,437Net decrease in cash and cash equivalents (729,126) (614,675) (1,343,801)Cash and cash equivalents, beginning of year 12,015,933 1,717,252 13,733,185Cash and cash equivalents, end of year $ 11,286,807 $ 1,102,577 $ 12,389,384(Continued)26