HomeMy WebLinkAboutNC Comprehensive Report (Finance) (25)CITY OF NATIONAL CITY
Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30, 2012
(with comparative information for the prior year)
Enterprise Funds Governmental Activities
Kimball Morgan Totals Internal Service Funds
Towers Towers 2012 2011 2012 2011
Cash flows from operating activities:
Cash received from customers/other funds $ 1,080,465 1,237,702 2,318,167 2,203,756 9,643,731 8,999,747
Cash payments to suppliers (916,550) (628,780) (1,545,330) (1,652,617) (6,738,616) (6,737,079)
Cash payments for general and administrative - (164,736) (164,736) (246,238) (1,918,747) (2,020,201)
Cash received from (payments to) other 7,288 9,156 16,444 14,680 62,009 115,008
Net cash provided (used by) operating activities 171,203 453,342 624,545 319,581 1,048,377 357,475
Cash flows from noncapital financing activities:
Cash received from other funds 181,915 4,211
Cash paid to other funds - (460,804) (678,415)
Net cash provided (used by) noncapital fmancing
activities (278,889) (674,204)
Cash flows from capital and related financing activities:
Acquisition of capital assets - (123,305) (1,245,445)
Payment on lease payable (110,940) (21,381)
Principal payments of note payable (218,492) (218,492) (204,777) - -
Interest paid - (152,714) (152,714) (166,434) (104,566) (86,880)
Net cash provided (used by) capital and related
financing activities (371,206) (371,206) (371,211) (338,811) (1,353,706)
Cash flows from investing activities:
Interest income 2,802 390 3,192 3,404 13 220
Net cash provided (used by) investing activities 2,802 390 3,192 3,404 13 220
Net increase (decrease) in cash and cash equivalents 174,005 82,526 256,531 (48,226) 430,690 (1,670,215)
Cash and equivalents, beginning of year 1,137,813 616,488 1,754,301 1,802,527 13,734,47I 15,404,686
Cash and equivalents, end of year $ 1,311,818 699,014 2,010,832 1,754,301 14,165,161 13,734,471
Reconciliation of operating income to net cash provided
by operating activities:
Operating income (loss) $ 40,715 275,728 316,443 62,167 430,416 (151,878)
Adjustments to reconcile operating income (loss)
to net cash provided (used) by operating activities:
Depreciation 187,353 226,219 413,572 413,569 390,471 279,082
Changes in current assets and liabilities:
Accounts receivable (341) (728) (1,069) 1,190 60,079 2,051
Inventories - - 1,783 3,521
Prepaid items and deposits (29,296) (386) (29,682) 24,621 43,101 (43,101)
Accounts payable and accrued liabilities (27,228) (47,491) (74,719) (181,966) (51,295) 79,810
Salaries payable 490 1,087
Compensated absences 4,332 (43,097)
Self-insurance claims payable 169,000 230,000
Total adjustments 130,488 177,614 308,102 257,414 617,961 509,353
Net cash provided (used) by operating activities $ 171,203 453,342 624,545 319,581 1,048.377 357,475
There were no noncash financing or investing activities for the year ended June 30, 2012
See accompanying notes to the basic financial statements.
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