Page 26 - 2018-2019 MVUAnnual Report

CITY OF MORENO VALLEY, CA
Statement of Cash Flows
Proprietary Funds

FOR THE YEAR ENDED JUNE 30, 2019

Enterprise Fund-
ELECTRIC
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from customers $ 31,977,166
Payments to suppliers ($21,148,875)
Payments to employees ($1,149,065)
Cash paid for claims -
Net cash provided (used) by operating activities $9,679,226

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Cash transfers in -
Cash transfers out ($5,354)
Total Deferred Outflows of Resources ($5,354)
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
Proceeds from capital debt $23,610,803
Debt issuance costs ($562,372)
Acquisition and construction of capital assets ($11,292,852)
Proceeds from the sale or disposition of capital assets $2,948
Engineering plan check fees $306,462
Principal paid on capital debt ($1,187,000)
Interest paid on capital debt ($1,470,369)
Net cash provided (used) by capital and related financing activities $9,407,620

CASH FLOWS FROM INVESTING ACTIVITIES
Interest received $504,300
Net cash provided (used) by investing activities $504,300
Net increase (decrease) in cash and cash equivalents $19,585,792
Balances - beginning of year $13,270,991
Balances - end of the year $32,856,783

Reconciliation of operating income to net cash provided (used) by operating activities:
Operating Income $4,962,350
Adjustments to reconcile operating income (loss) to net cash provided (used)
by operating activities:
Depreciation $1,845,742
Amortization $177,477
Changes in assets and liabilities:
(Increase) decrease in customer receivables ($82,221)
(Increase) decrease in prepaid costs $901,139
(Increase) decrease in deferred outflows related to pension $165,783
(Increase) decrease in deferred outflows related to OPEB ($27,890)
(Increase) decrease in deferred outflows -utility network $1,052,331
(Increase) decrease in inventories ($15,820)
Increase (decrease) in accounts payable $642,359
Increase (decrease) in unearned revenue $7,698
Increase (decrease) in deposits payable $135,983
Increase (decrease) in self-insurance payable -
Increase (decrease) in net pension liability ($142,680)
Increase (decrease) in OPEB Liability ($20,962)
Increase (decrease) in deferred inflows related to pension $51,397
Increase (decrease) in deferred inflows related to OPEB $11,030
Increase (decrease) in compensated absences $15,510
Net cash provided (used) by operating activities $9,679,226

Noncash capital and related financing activities:
Contributed capital - donated infrastructure $2,496,022