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Governmental
<br />Activities -
<br />Internal
<br />Water Sewer Storm Nonmajor Business-type Total Service Funds
<br />Cash Flows from Operating Activities
<br />Receipts from customers and users 1,630,529$ 2,264,458$ 742,450$ 757,953$ 5,395,390$ 1,292,637$
<br />Other operating receipts 20,395 2,329 9 13,532 36,265 -
<br />Payments to suppliers (783,869) (1,327,558) (210,669) (547,877) (2,869,973) (958,247)
<br />Payments to employees (341,147) (349,994) (166,635) (160,853) (1,018,629) (365,638)
<br />Net Cash Provided (Used) by
<br />Operating Activities 525,908 589,235 365,155 62,755 1,543,053 (31,248)
<br />Cash Flows from Noncapital
<br />Financing Activities
<br />Intergovernmental - 451,305 - 8,519 459,824
<br />Transfers to other funds (1,010,499) (1,046,750) (1,003,600) - (3,060,849) -
<br />Net Cash Provided (Used) by .
<br />Noncapital Financing Activities (1,010,499) (595,445) (1,003,600) 8,519 (2,601,025) -
<br />Cash Flows from Capital and
<br />Related Financing Activities
<br />Connection fees received - 21,530 5,251 - 26,781 -
<br />Special assessments received 27,601 56,226 - - 83,827 -
<br />Acquisition of capital assets (859,360) (1,073,996) (289) (29,233) (1,962,878) -
<br />Intergovernmental - 57,606 - - 57,606 -
<br />Interest paid on debt (15,429) - - - (15,429) -
<br />Principal paid on bonds (85,000) - - - (85,000) -
<br />Net Cash Provided (Used) by Capital
<br />and Related Financing Activities (932,188) (938,634) 4,962 (29,233) (1,895,093) -
<br />Cash Flows from Investing Activities
<br />Investment receipts 70,250 134,358 115,941 4,181 324,730 51,523
<br />Net Increase (Decrease) in
<br />Cash and Cash Equivalents (1,346,529) (810,486) (517,542) 46,222 (2,628,335) 20,275
<br />Cash and Cash Equivalents, January 1 1,613,713 3,137,554 2,079,965 71,239 6,902,471 502,758
<br />Cash and Cash Equivalents, December 31 267,184$ 2,327,068$ 1,562,423$ 117,461$ 4,274,136$ 523,033$
<br />Reconciliation of Operating Income (Loss)
<br />to Net Cash Provided (Used) by Operating Activities
<br />Operating income (loss) 376,856$ 198,426$ 279,453$ (37,124)$ 817,611$ (55,645)$
<br />Adjustments to reconcile operating income (loss)
<br />to net cash provided (used) by operating activities
<br />Depreciation 169,003 380,677 66,135 20,322 636,137 -
<br />Other income related to operations 20,395 2,329 9 13,532 36,265 -
<br />(Increase) decrease in assets/deferred
<br />outflows of resources
<br />Accounts receivable (29,947) (3,123) (23,172) (7,636) (63,878) 2
<br />Due from other governments - (9,076) - - (9,076) -
<br />Inventories - - - - - -
<br />Prepaid items - (308) - (42) (350) (23,459)
<br />Deferred pension resources 32,212 30,983 (752) (15,116) 47,327 -
<br />Increase (decrease) in liabilities/deferred
<br />inflows of resources
<br />Accounts and contracts payable (14,909) 19,240 (3,975) (17,108) (16,752) 45,171
<br />Accrued salaries payable 1,489 2,422 1,854 1,927 7,692 2,197
<br />Due to other governments 1,640 (6,431) - 34 (4,757) 486
<br />Compensated absences payable 4,967 5,013 25,425 - 35,405 -
<br />Net pension liability (72,036) (67,452) 11,539 53,643 (74,306) -
<br />Other postemployment benefits payable (12,379) (12,313) (10,088) 31,141 (3,639) -
<br />Deferred pension resources 48,617 48,848 18,727 19,182 135,374 -
<br />Net Cash Provided (Used) by
<br />Operating Activities 525,908$ 589,235$ 365,155$ 62,755$ 1,543,053$ (31,248)$
<br />Schedule of Noncash Capital and
<br />Related Financing Activities
<br />Capital assets acquired on account -$ 36,242$ -$ -$ 36,242$ -$
<br />Amortization of bond premium 1,485 - - - 1,485 -
<br />Capital assets contributed from governmental activities - - - 70,525 70,525 -
<br />City of Orono, Minnesota
<br />Statement of Cash Flows
<br />Proprietary Funds
<br />For the Year Ended December 31, 2023
<br />Business-type Activities - Enterprise Funds
<br />The notes to the financial statements are an integral part of this statement.
<br />50
<br />Net Cash Provided (Used) by CapitalNet Cash Provided (Used) by Capital
<br />and Related Financing Activitiesand Related Financing Activities (932,188)(932,188) (938,634)(938,634) 4,9624,962 (29,233)(29,233) (1,895,093)(1,895,093)
<br />Cash Flows from Investing ActivitiesCash Flows from Investing Activities
<br />Investment receipts Investment receipts 70,25070,250 134,358134,358 115,941115,941 4,181 324,730324,730
<br />Net Increase (Decrease) in Net Increase (Decrease) in
<br />Cash and Cash EquivalentsCash and Cash Equivalents (1,346,529)(1,346,529) (810,486)(810,486) (517,542)(517,542) 46,222 (2,628,335)(2,628,335)
<br />Cash and Cash Equivalents, January 1Cash and Cash Equivalents, January 1 1,613,7131,613,713 3,137,554 2,079,9652,079,965 71,239 6,902,4716,902,471
<br />Cash and Cash Equivalents, December 31Cash and Cash Equivalents, December 31 267,184267,184$ $ 2,327,068$ 1,562,4231,562,423$ $ 117,461$ 4,274,1364,274,136$ $
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