WRD CAFR FINAL 2017
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Water Replenishment District of Southern California<br />
Statements of Cash Flows<br />
Years ended June 30,<br />
<strong>2017</strong> 2016<br />
Cash flows from operating activities<br />
Cash receipts from water assessments and subsidies $ 62,889,929 $ 58,422,137<br />
Cash paid to vendors and suppliers for materials and services (56,128,440) (59,430,294)<br />
Cash paid to employees for salaries and wages (4,359,022) (3,470,647)<br />
Net cash provided by (used in) operating activities 2,402,467 (4,478,804)<br />
Cash flows from capital and related financing activities<br />
Acquisition and construction of capital assets (57,433,892) (28,912,374)<br />
Payment of long-term debt (1,655,000) (98,300,852)<br />
Proceeds from issuance of debt 9,778,138 171,569,874<br />
Proceeds from capital contributions - capital grants 7,555,514 457,536<br />
Deferred capital project (45,016) (97,002)<br />
Interest paid on long-term debt (6,235,275) 1,351,586<br />
Net cash provided by (used in) capital<br />
and related financing activities (48,035,531) 46,068,768<br />
Cash flows from non-capital financing activities<br />
Cash paid for election expenses (1,374,823) -<br />
Proceeds from other nonoperating revenue (expense), net 3,270,421 4,192,116<br />
Proceeds from property taxes 613,015 585,957<br />
Net cash provided by non-capital<br />
financing activities 2,508,613 4,778,073<br />
Cash flows from investing activities<br />
Principal received from (issuance of) notes receivable 110,980 694,828<br />
Interest and investment earnings 864,242 562,438<br />
Net cash provided by investing activities 975,222 1,257,266<br />
Change in cash and cash equivalents (42,149,229) 47,625,303<br />
Cash and cash equivalents - beginning of year 122,472,470 74,847,167<br />
Cash and cash equivalents - end of year $ 80,323,241 $ 122,472,470<br />
Reconciliation of cash and cash equivalents to statements of<br />
net position<br />
Cash and cash equivalents $ 47,307,938 $ 47,303,889<br />
Restricted assets - cash and cash equivalents 33,015,303 75,168,581<br />
Total cash and cash equivalents $ 80,323,241 $ 122,472,470<br />
Noncash, investing, capital and financing activities<br />
Capitalized interest $ 5,198,150 $ 4,486,520<br />
See notes to the financial statements.<br />
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