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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, 2024
<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 interfund charges 725,885$ -$ 316,638$ 389,260$ 1,431,783$
<br />Payments to suppliers (386,705) - (486,522) (410,853) (1,284,080)
<br />Payments to employees (252,942) - 3,586 (157,492) (406,848)
<br />Net Cash Provided (Used) by Operating Activities 86,238 - (166,298) (179,085) (259,145)
<br />Cash Flows from Noncapital
<br />Transfers from other funds - - - 260,000 260,000
<br />Transfers to other funds - - (45,000) - (45,000)
<br />Net Cash Used by
<br />Noncapital Financing Activities - - (45,000) 260,000 215,000
<br />Cash Flows from Investing Activities
<br />Investment receipts 7,739 28,883 - - 36,622
<br />Net Increase (Decrease) in
<br />Cash and Cash Equivalents 93,977 28,883 (211,298) 80,915 (7,523)
<br />Cash and Cash Equivalents, January 1 277,455 741,180 (231,627) (263,975) 523,033
<br />Cash and Cash Equivalents, December 31 371,432$ 770,063$ (442,925)$ (183,060)$ 515,510$
<br />Reconciliation of Operating Income (Loss)
<br />to Net Cash Provided (Used) by Operating Activities
<br />Operating income (loss) 87,393$ -$ (173,988)$ (155,730)$ (242,325)$
<br />Adjustments to reconcile operating income (loss)
<br />to net cash provided (used) by operating activities
<br />(Increase) decrease in assets
<br />Interest receivable - - (537) - (537)
<br />Prepaid items - - - 33,822 33,822
<br />Increase (decrease) in liabilities
<br />Accounts and contracts payable (1,548) - 5,127 (60,487) (56,908)
<br />Accrued salaries payable 393 - 3,586 3,310 7,289
<br />Due to other governments - - (486) - (486)
<br />Net Cash Provided (Used) by
<br />Operating Activities 86,238$ -$ (166,298)$ (179,085)$ (259,145)$
<br />126 153
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