Page 17 - 2017-MVU-AnnualReport

Statement of
Cash Flows
Proprietary Funds
JUNE 30, 2017

STATEMENT OF CASH FLOWS

Cash Flows from operating Activities Enterprise Fund Electric
Cash received from customers $ 28,529,270
Cash paid to suppliers for goods and services ($ 21,585,538)
Cash paid to employees for services ($ 837,615)
Cash paid for claims
Net Cash Provided (Used) by Operating Activities $ 6,106,117

Cash Flows from Non-Capital Financing Activities
Cash transfers in
Cash transfers out ($ 4,793)
Net Cash Provided (Used) by Non-Capital Financing Activities ($ 4,793)
Cash Flows from Capital and Related Financing Activities
Proceeds from capital debt $ 24,152,225
Cash paid to refund old debt ($ 21,725,607)
Debt issuance costs ($ 644,546)
Acquisition and construction of capital assets ($ 9,502,708)
Engineering plan check fees $ 275,035
Principal paid on capital debt ($ 1,160,000)
Interest paid on capital debt ($ 3,117,937)
Net Cash Provided (Used) by Capital and Related Financing Activities ($ 11,723,538)
Cash Flows from Investing Activities
Interest received $ 129,253
Net Cash Provided (Used) by Investing Activities $ 129,253
Net Increase (Decrease) in Cash and Cash Equivalents ($ 5,492 ,961)
Cash and Cash Equivalents, Beginning of year $ 24,578,614
Cash and Cash Equivalents, End of year $ 19,085,653
Reconciliation of Operating Income (Loss) to Net Cash Provided
(Used) By Operating Activities
Provided (Used) By Operating Activities
Operating Income (Loss) $ 6,762,711
Adjustments To Reconcile Operating, Income (Loss) To Net Cash
Provided (Used) By Operating Activities
Depreciation $ 1,102,548
(Increase) decrease in account s receivable ($ 492,783)
(Increase) decrease in prepaid costs ($ 923,785)
(Increase) decrease in deferred outflows of resources related to pension ($ 216,530)
(Increase) decrease in deferred outflows - Utility Network ($ 2,423,742)
(Increase) decrease in inventory ($ 63,794)
Increase (decrease) in accounts payable $ 2,134,669
Increase (decrease) in unearned revenue ($ 2,764)
Increase (decrease) in deposits payable $ 869
Increase (decrease) in self-insurance payable
Increase (decrease) in net pension liability $ 185,579
Increase (decrease) in OPEB liability ($ 38,607)
Increase (decrease) in deferred inflows related to OPEB $ 24,864
Increase (decrease) in compensated absences $ 56,882
Total adjustments ($ 656,594)

Net Cash Provided (Used) by Operating Activities $6,106,117

Non-cash Capital and Related Financing Activities
There were no non-cash investing, capital or noncapital financing activities for the year ended June 30, 2017.
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