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CITY OF REDWOOD CITY, CALIFORNIA 7.1.A. - Page 59
<br /> PROPRIETARY 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 /> Governmental
<br /> Water Sewer Non -Major Activities -
<br /> Utility Utility Parking Port of Docktown Internal Service
<br /> Fund Fund Fund Redwood City Marina Totals Funds
<br /> Cash flows from operating activities: $ $ $ $ $ $ $
<br /> Cash received from customers 35,487,846 29,288,716 1,470,780 7,303,230 702,398 74,252,970
<br /> Cash received from interfund services provided 24,049,864
<br /> Cash payments to suppliers for goods and services (18,719,940) (14,085,149) (1,100,744) (2,538,240) (544,275) (36,988,348) (13,656,951)
<br /> Cash payments to employees for services (5,611,907) (2,505,183) (750,652) (1,376,515) (142,807) (10,387,064) (8,301,413)
<br /> Right of way compensation (2,262,500) (1,865,119) (42,000) (4,169,619)
<br /> Net cash provided by (used in) operating activities 8,893,499 10,833,265 (422,616) 3,388,475 15,316 22,707,939 2,091,500
<br /> Cash flows from noncapital financing activities:
<br /> Nonoperating grant revenue 58,535 78,520 137,055
<br /> Insurance recovery 3,450 682 4,132 23,711
<br /> Property taxes 104,814 104,814
<br /> Transfers in 426,461 426,461 6,000,000
<br /> Transfers out (2,717,764) (2,717,764) (15,976)
<br /> Advances to other funds 300,000
<br /> Advances from other funds (300,000) (1,300,000) (1,600,000)
<br /> Contributions 50,000 50,000 10,752
<br /> Net cash provided by (used in) noncapital financing activities (238,015) 682 (3,436,489) 78,520 (3,595,302) 6,318,487
<br /> Cash flows from capital and related financing activities:
<br /> Acquisition and construction of capital assets (1,831,787) (4,088,131) (6,497,762) (12,417,680) (816,870)
<br /> Contributions 360,362 360,362 44,473
<br /> Principal retirements (1,845,000) (714,984) (2,559,984)
<br /> Interest paid (2,269,566) (2,907) (823,485) (3,095,958)
<br /> Proceeds from sale of capital assets 13,967,690 13,967,690 1,382
<br /> Net cash used in capital and related financing activities (5,585,991) (4,088,131) 13,964,783 (8,036,231) (3,745,570) (771,015)
<br /> Cash flows from investing activities:
<br /> Interest on investments 253,245 126,519 74,191 46,316 190 500,461 248,234
<br /> Net cash provided by investing activities 253,245 126,519 74,191 46,316 190 500,461 248,234
<br /> Net increase (decrease) in cash and cash equivalents 3,322,738 6,872,335 10,179,869 (4,522,920) 15,506 15,867,528 7,887,206
<br /> Cash and cash equivalents at beginning of year 24,953,356 14,771,134 631,362 23,035,234 31,036 63,422,122 21,640,621
<br /> Cash and cash equivalents at end of year 28,276,094 21,643,469 10,811,231 18,512,314 46,542 79,289,650 29,527,827
<br /> Reconciliation of Net Cash Flow from Operating Activities
<br /> Operating income (loss) 7,699,652 9,105,657 (1,014,796) 2,543,601 (39,569) 18,294,545 (4,001,029)
<br /> Adjustments to reconcile operating income to net cash
<br /> provided by operating activities:
<br /> Depreciation 2,923,325 523,563 579,103 1,085,224 32,258 5,143,473 1,203,181
<br /> Change in assets and liabilities:
<br /> Decrease (increase) in accounts receivable 49,831 (139,395) 17,261 502,052 36,579 466,328 (61,464)
<br /> Decrease (increase) in due from other governmental agencies (415,612) 332,696 (82,916) (65,673)
<br /> Decrease (increase) in inventory/prepaid expenses /deposits (10,440) 703,023 (320,483) (90,417) (7,500) 274,183 (37,806)
<br /> Increase (decrease) in vacation & sick leave payable (201) (41,313) 19,833 (144,299) (165,980) (34,732)
<br /> Increase (decrease) in accounts payable (1,621,297) 349,034 (29,817) (551,809) (35,856) (1,889,745) 32,125
<br /> Increase (decrease) in customer deposits 70,173 326,283 36,537 29,404 462,397
<br /> Increase (decrease) in unearned revenue 198,068 (23,296) 174,772 2,527
<br /> Increase (decrease) in net OPEB obligation 30,882 30,882
<br /> Increase (decrease) in insurance claims payable 5,054,371
<br /> Total adjustments 1,193,847 1,727,608 592,180 844,874 54,885 4,413,394 6,092,529
<br /> Net cash provided by (used in) operating activities 8,893,499 10,833,265 (422,616) 3,388,475 15,316 22,707,939 2,091,500
<br /> Noncash investing, capital and financing activities:
<br /> Noncash capital contributions 196,650 935,882 1,132,532 1,475,438
<br /> Gain (loss) on disposal of equipment (58,998)
<br /> Increase (decrease) in investment in sewer authority (4,362,086) (4,362,086)
<br /> See accompanying notes to financial statements
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