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City of <strong>Moreno</strong> <strong>Valley</strong><br />
Statement of Cash Flows<br />
Proprietary Funds<br />
Year Ended June 30, 2011<br />
Enterprise<br />
Governmental<br />
Activities-Internal<br />
Fund - Electric Service Funds<br />
Cash Flows from Operating Activities:<br />
Cash received from customers $ 14,731,908 $ 10,928,487<br />
Cash paid to suppliers for goods and services (9,467,185)<br />
(4,499,739)<br />
Cash paid for claims -<br />
(1,175,296)<br />
Cash paid to employees for services (2,786,558)<br />
(2,587,239)<br />
Proceeds for litigation settlement 42,710<br />
-<br />
Other operating revenues (expenses) 209,459<br />
22,194<br />
Net Cash Provided (Used) by Operating Activities 2,730,334<br />
Cash Flows from Non-Capital<br />
Financing Activities:<br />
Cash transfers out -<br />
Cash transfers in 107,841<br />
Repayment made to other funds 294,102<br />
Advances received from operator 344,110<br />
Net Cash Provided (Used) by<br />
Non-Capital Financing Activities 746,053<br />
Cash Flows from Capital<br />
and Related Financing Activities:<br />
Acquisition and construction of capital assets (2,896,253)<br />
Engineering plan check fees 136,441<br />
Principal paid on capital debt (527,977)<br />
Interest paid on capital debt (1,663,235)<br />
Advance from other funds (31,500)<br />
Net Cash Provided (Used) by<br />
Capital and Related Financing Activities (4,982,524)<br />
Cash Flows from Investing Activities:<br />
Interest received 29,540<br />
Net Cash Provided (Used) by<br />
Investing Activities 29,540<br />
Net Increase (Decrease) in Cash<br />
and Cash Equivalents (1,476,597)<br />
2,688,407<br />
(1,264,325)<br />
1,174,505<br />
-<br />
-<br />
(89,820)<br />
(219,138)<br />
-<br />
-<br />
-<br />
-<br />
(219,138)<br />
-<br />
-<br />
2,379,449<br />
Cash and Cash Equivalents at Beginning of Year 9,183,217<br />
33,818,618<br />
Cash and Cash Equivalents at End of Year $ 7,706,620 $ 36,198,067<br />
Reconciliation of Operating Income to Net Cash<br />
Provided (Used) by Operating Activities:<br />
Operating income (loss)<br />
Adjustments to reconcile operating income (loss)<br />
net cash provided (used) by operating activities:<br />
$ 2,523,987 $ 2,253,081<br />
Depreciation 690,851<br />
764,645<br />
Proceeds for litigation settlement 42,710<br />
-<br />
(Increase) decrease in accounts receivable (711,570)<br />
(63)<br />
(Increase) decrease in prepaid expense 3,313<br />
(13,195)<br />
(Increase) decrease in inventories -<br />
(8,575)<br />
Increase (decrease) in accounts payable 231,976<br />
13,660<br />
Increase (decrease) in accrued liabilities (12,685)<br />
(107,624)<br />
Increase (decrease) in unearned revenue (13,794)<br />
-<br />
Increase (decrease) in deposits payable (5,949)<br />
-<br />
Increase (decrease) in self-insurance payable -<br />
(193,000)<br />
Increase (decrease) in compensated absences (18,505)<br />
(20,522)<br />
Total Adjustments<br />
Net Cash Provided (Used) by<br />
206,347<br />
435,326<br />
Operating Activities<br />
Non-Cash Investing, Capital, and Financing Activities:<br />
$ 2,730,334 $ 2,688,407<br />
There were no significant noncash investing, capital and noncapital financing activities for the year ended June 30, 2011.<br />
See Notes to <strong>Financial</strong> Statements 34
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