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CITY OF REDWOOD CITY, CALIFORNIA 7.1.A. - Page 137
<br /> INTERNAL SERVICE FUNDS
<br /> COMBINING STATEMENT OF CASH FLOWS
<br /> INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
<br /> FOR THE FISCAL YEAR ENDED JUNE 30, 2014
<br /> Equipment Self Internal Employee
<br /> Services Insurance Services Benefits
<br /> Fund Fund Fund Fund Total
<br /> $ $ $ $ $
<br /> Cash flows from operating activities:
<br /> Cash received from interfund services provided 4,307,655 5,131,289 8,680,491 5,930,429 24,049,864
<br /> Cash payments to suppliers for goods and services (1,547,356) (4,374,013) (2,043,975) (5,691,607) (13,656,951)
<br /> Cash payments to employees for services (917,795) (381,751) (7,001,867) (8,301,413)
<br /> Net cash provided by (used in) operating activities 1,842,504 375,525 (365,351) 238,822 2,091,500
<br /> Cash flows from noncapital financing activities
<br /> Insurance recovery 23,711 23,711
<br /> Transfers in 6,000,000 6,000,000
<br /> Transfers out (15,976) (15,976)
<br /> Advances to other funds 300,000 300,000
<br /> Contributions 10,752 10,752
<br /> Net cash provided by (used in) non - capital financing activities 334,463 6,000,000 (15,976) 6,318,487
<br /> Cash flows from capital and related financing activities:
<br /> Acquisition and construction of capital assets (808,762) (8,108) (816,870)
<br /> Contributions 44,473 44,473
<br /> Proceeds from sale of capital assets 1,382 1,382
<br /> Net cash used in capital and related financing activities (762,907) (8,108) (771,015)
<br /> Cash flows from investing activities:
<br /> Interest on investments 86,733 123,994 21,203 16,304 248,234
<br /> Net cash provided by investing activities 86,733 123,994 21,203 16,304 248,234
<br /> Net increase (decrease) in cash and cash equivalents 1,500,793 6,499,519 (368,232) 255,126 7,887,206
<br /> Cash and cash equivalents at beginning of year 7,221,741 11,995,530 2,085,182 338,168 21,640,621
<br /> Cash and cash equivalents at end of year 8,722,534 18,495,049 1,716,950 593,294 29,527,827
<br /> Reconciliation of Net Cash Flow from Operating Activities
<br /> Operating income (loss) 832,098 (4,758,109) (313,559) 238,541 (4,001,029)
<br /> Adjustments to reconcile operating income(loss) to
<br /> net cash provided by operating activities:
<br /> Depreciation 1,059,436 143,745 1,203,181
<br /> Change in assets and liabilities:
<br /> Decrease (increase) in accounts receivable 36,784 (75,000) (23,248) (61,464)
<br /> Decrease (increase) in due from other governmental agencies 5,383 (71,056) (65,673)
<br /> Decrease (increase) in inventory /prepaid expense /deposits (10,913) (26,918) 25 (37,806)
<br /> Increase (decrease) in vacation & sick leave payable (45,447) 10,715 (34,732)
<br /> Increase (decrease) in accounts payable (37,364) 181,181 (111,973) 281 32,125
<br /> Increase (decrease) in unearned revenue 2,527 2,527
<br /> Increase (decrease) in net OPEB obligation
<br /> Increase (decrease) in insurance claims payable 5,054,371 5,054,371
<br /> Total adjustments 1,010,406 5,133,634 (51,792) 281 6,092,529
<br /> Net cash provided by (used in) operating activities 1,842,504 375,525 (365,351) 238,822 2,091,500
<br /> Noncash investing, capital and financing activities:
<br /> Noncash capital contributions 1,169,245 306,193 1,475,438
<br /> Gain (loss) on disposal of equipment (1,468) (57,530) (58,998)
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