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City of Orono, Minnesota
<br />Internal Service Funds
<br /> Combining Statement of Cash Flows
<br />For the Year Ended December 31, 2020
<br />703 705 701 710
<br />Insurance Compensated Fleet
<br />Fund Absences Management IT Services Total
<br />Cash Flows from Operating Activities
<br />Receipts from customers and users 423,442$ 87,840$ 160,339$ 225,000$ 896,621$
<br />Payments to suppliers (245,830) - (131,838) (188,527) (566,195)
<br />Payments to employees (209,893) - - (82,392) (292,285)
<br />Net Cash Provided (Used) by Operating Activities (32,281) 87,840 28,501 (45,919) 38,141
<br />Cash Flows from Investing Activities
<br />Investment receipts 2,977 12,825 572 - 16,374
<br />Net Increase (Decrease) in
<br />Cash and Cash Equivalents (29,304) 100,665 29,073 (45,919) 54,515
<br />Cash and Cash Equivalents, January 1 239,615 627,999 23,505 (58,913) 832,206
<br />Cash and Cash Equivalents, December 31 210,311$ 728,664$ 52,578$ (104,832)$ 886,721$
<br />Reconciliation of Operating Income (Loss)
<br />to Net Cash Provided (Used) by Operating Activities
<br />Operating income (loss)(34,382)$ 87,840$ 24,654$ (39,966)$ 38,146$
<br />Adjustments to reconcile operating income (loss)
<br />to net cash provided (used) by operating activities
<br />(Increase) decrease in assets
<br />Prepaid items 2,500 - - 5,072 7,572
<br />Increase (decrease) in liabilities
<br />Accounts and contracts payable - - 3,847 (10,820) (6,973)
<br />Accrued salaries payable (399) - - (205) (604)
<br />Net Cash Provided (Used) by
<br />Operating Activities (32,281)$ 87,840$ 28,501$ (45,919)$ 38,141$
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