Page 15 - MVU Annual Report 2019/20

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
Acquisition and construction of capital assets ($6,458, 706)
Proceeds from the sale or disposition of capital assets -
Engineering plan check fees $423,917
Principal paid on capital debt ($1,230,135)
Interest paid on capital debt ($2,920,470)
Net cash provided (used) by capital and related financing activities ($10,185,394)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received $810,852
Net cash provided (used) by investing activities $810,852
Net increase (decrease) in cash and cash equivalents ($1,553,714)
Balances - beginning of year $32,856,783
Balances - end of the year $31,303 ,069
Reconciliation of operating income to net cash provided (used) by operating activities:
Operating Income 7,999,528
Adjustments to reconcile operating income (loss) to net cash provided (used)
by operating activities:
Depreciation 2,115,577
Amortization 177,477
Changes in assets and liabilities:
(Increase) decrease in customer receivables (760,142)
(Increase) decrease in prepaid costs (13,670)
(Increase) decrease in deferred outflows related to pension (22,626)
(Increase) decrease in deferred outflows related to OPEB (53,599)
(Increase) decrease in deferred outflows -utility network -
(Increase) decrease in inventories (7,390)
Increase (decrease) in accounts payable (1,792,025)
Increase (decrease) in unearned revenue (7,305)
Increase (decrease) in deposits payable 69,987
Increase (decrease) in self-insurance payable -
Increase (decrease) in net pension liability 165,812
Increase (decrease) in OPEB Liability 56,578
Increase (decrease) in deferred inflows related to pension (23,678)
Increase (decrease) in deferred inflows related to OPEB (1,006)
Increase (decrease) in compensated absences 49,990
Net cash provided (used) by operating activities $7,968 ,288

Noncash capital and related financing activities:
Contributed capital - donated infrastructure $1,704,623
NOTE 5
Capital Assets

THE FOLLOWING IS A SCHEDULE OF CHANGES IN BUSINESS¨TYPE ACTIVITIES CAPITAL ASSETS FOR THE YEAR ENDED JUNE 30, 2020:
BALANCE BALANCE
July 1, 2019 Additions Deletions June 30, 2020
Non-Depreciable Assets:
Land $1,729,408 - - $1,729,408
Construction in progress $10,934,906 6,354,606 ($13,083 ,019) $4,206,493
Total Non-Depreciable Assets $12 ,664 ,314 $6,354,606 ($13,083 ,019) $5,935,901

Depreciable Assets:
Furniture and Equipment $1,105,204 - - $1,105,204
Infrastructure $66,731,592 $14,891,741 - $81,623,333
Total Depreciable Assets $67,836,796 $14,891,741 - $82,728,537
Less Accumulated Depreciation:
Furniture and Equipment ($488,115) ($61,880) - ($549,995)
Infrastructure ($11,383,698) ($2,053,697) - ($13,437,395)
Total Accumulated Depreciation (11,871,813) ($2,115,577) - ($13,987,390)
Total Depreciable Assets, Net $55,964,983 $12,776,164 - $68,741,147
Total Net Capital Assets $68 ,629 ,297 $19,130,770 ($13,083.019) $74,677,048
Depreciation expense for business-type activities was charged as follows:
Electric Utility $2,115,577