Annual Report 2012 - Kansas City International Airport

City of Kansas City, Missouri Department of AviationStatements of Cash FlowsYears Ended April 30, 2012 and 20112012 2011Operating ActivitiesCash received from customers $ 110,016,279 $ 101,133,077Cash paid to employees, including benefits (27,789,096) (27,868,107)Cash paid to suppliers (47,952,358) (50,405,630)Net cash provided by operating activities 34,274,825 22,859,340Noncapital Financing ActivitiesOperating grants 154,660 264,630Payments received on loan to general fund 1,890,042 -Loan to general fund - (10,200,000)Transfer from Special Facility Fund - 12,161,337Net cash provided by noncapital financing activities 2,044,702 2,225,967Capital and Related Financing ActivitiesCapital grants 17,281,424 14,561,083Proceeds from sale of capital assets 89,187 112,385Purchase of capital assets (1,440,130) (4,820,710)Construction of capital assets (43,299,239) (26,172,159)Principal paid on capital debt (19,555,000) (18,645,000)Payments on matured coupons (10,246) -Interest paid on capital debt (15,007,143) (15,961,764)Fiscal agent fees (3,020) (3,323)Passenger facility charges 20,887,024 20,454,358Customer facility charges 6,036,072 5,674,925Net cash used in capital and related financing activities (35,021,071) (24,800,205)Investing ActivitiesInvestment purchases (110,418,540) (135,113,041)Investment maturities and sales 106,839,942 130,745,094Interest received on investments 3,693,886 3,159,895Net cash provided by (used in) investing activities 115,288 (1,208,052)Increase (Decrease) in Cash and Cash Equivalents 1,413,744 (922,950)Cash and Cash Equivalents, Beginning of Year 8,205,250 9,128,200Cash and Cash Equivalents, End of Year $ 9,618,994 $ 8,205,250(Continued)See Notes to Financial Statements A-20