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6. 1. D. - Page 58
<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />579,103
<br />1,289,310
<br />32,258
<br />5,521,360
<br />1,250,774
<br />PROPRIETARY
<br />FUNDS
<br />(42,199)
<br />(10,080)
<br />(4,631)
<br />(633,104)
<br />280,954
<br />796,678
<br />COMBINING STATEMENT
<br />OF CASH FLOWS
<br />1,546,502
<br />24,731
<br />(4,611)
<br />INCREASE (DECREASE)
<br />IN CASH AND CASH EQUIVALENTS
<br />38,379
<br />7,500
<br />(44,265)
<br />99,503
<br />2,670
<br />FOR THE FISCALYEAR
<br />ENDED JUNE 30, 2016
<br />36,782
<br />(30,221)
<br />562,608
<br />476,151
<br />417,865
<br />8,430
<br />38,258
<br />1,503,312
<br />(391,951)
<br />Governmental
<br />Water
<br />Sewer
<br />12
<br />7,632
<br />Non -Major
<br />(909,789)
<br />Activities -
<br />81,886
<br />Utility
<br />Utility
<br />Parking
<br />Port of
<br />Docktown
<br />(462,217)
<br />Internal Service
<br />(6,920)
<br />Fund
<br />Fund
<br />Fund
<br />Redwood City
<br />Marina
<br />Totals
<br />Funds
<br />Cash flows from operating activities:
<br />$
<br />$
<br />$
<br />$
<br />$
<br />$
<br />$
<br />Cash received from customers
<br />34,716,844
<br />35,333,751
<br />2,412,250
<br />6,769,783
<br />659,039
<br />79,891,667
<br />Cash received from interfund services provided
<br />2,762,594
<br />1,432,308
<br />1,014,226
<br />1,257,696
<br />56,961
<br />6,523,785
<br />27,369,714
<br />Cash payments to suppliers for goods and services
<br />(20,350,543)
<br />(28,900,029)
<br />(875,944)
<br />(1,872,247)
<br />(446,501)
<br />(52,445,264)
<br />(14,628,979)
<br />Cash payments to employees for services
<br />(5,380,923)
<br />(2,730,382)
<br />(1,084,812)
<br />(1,380,018)
<br />(318,120)
<br />(10,894,255)
<br />(12,829,869)
<br />Right of way compensation
<br />(2,262,500)
<br />(1,865,119)
<br />(42,000)
<br />(54,542)
<br />(4,169,619)
<br />Net cash provided by (used in) operating activities
<br />6,722,878
<br />1,838,221
<br />409,494
<br />3,517,518
<br />(105,582)
<br />12,382,529
<br />(89,134)
<br />Cash flows from noncapital financing activities:
<br />Nonoperating grant revenue
<br />16,316
<br />927
<br />51,736
<br />68,979
<br />Insurance recovery
<br />755
<br />755
<br />7,479
<br />Property taxes
<br />157,417
<br />157,417
<br />Transfers in
<br />689,046
<br />276,000
<br />3,004,253
<br />3,969,299
<br />4,000,000
<br />Transfers out
<br />(516,286)
<br />(516,286)
<br />(11,470)
<br />Advances to other funds
<br />(300,000)
<br />(300,000)
<br />300,000
<br />Other
<br />256
<br />256
<br />Net cash provided by (used in) noncapital financing activities 406,117
<br />(240,286)
<br />158,344
<br />51,992
<br />3,004,253
<br />3,380,420
<br />4,296,009
<br />Cash flows from capital and related financing activities:
<br />Acquisition and construction of capital assets
<br />(3,283,736)
<br />(4,026,740)
<br />(871,561)
<br />(2,081,112)
<br />(10,263,149)
<br />(1,066,244)
<br />Contributions
<br />3,009,151
<br />23,046
<br />3,032,197
<br />60,970
<br />Principal retirements
<br />(2,200,153)
<br />(736,029)
<br />(2,936,182)
<br />Interest paid
<br />(2,027,984)
<br />(610,471)
<br />(2,638,455)
<br />Proceeds from sale of capital assets
<br />(54,542)
<br />Net cash used in capital and related financing activities
<br />(4,502,722)
<br />(4,003,694)
<br />(871,561)
<br />(3,427,612)
<br />(12,805,589)
<br />(1,059,816)
<br />Cash flows from investing activities:
<br />Interest on investments
<br />304,438
<br />250,884
<br />108,437
<br />61,861
<br />15,220
<br />740,840
<br />399,400
<br />Net cash provided by investing activities
<br />304,438
<br />250,884
<br />108,437
<br />61,861
<br />15,220
<br />740,840
<br />399,400
<br />Net increase(decrease)in cash and cash equivalents
<br />2,930,711
<br />(2,154,875)
<br />(195,286)
<br />203,759
<br />2,913,891
<br />3,698,200
<br />3,546,459
<br />Cash and cash equivalents at beginning of year
<br />33,766,671
<br />27,497,483
<br />10,655,768
<br />15,817,186
<br />33,355
<br />87,770,463
<br />32,808,120
<br />Cash and cash equivalents at end of year
<br />36,697,382
<br />25,342,608
<br />10,460,482
<br />16,020,945
<br />2,947,246
<br />91,468,663
<br />36,354,579
<br />Financial statement presentation:
<br />Cash and investments available for operations
<br />31,306,204
<br />25,342,608
<br />10,022,281
<br />14,964,469
<br />2,947,246
<br />84,582,808
<br />36,354,579
<br />Cash and investments, restricted
<br />5,391,178
<br />-
<br />438,201
<br />1,056,476
<br />-
<br />6,885,855
<br />-
<br />Cash and cash equivalents at end of year
<br />36,697,382
<br />25,342,608
<br />10,460,482
<br />16,020,945
<br />2,947,246
<br />91,468,663
<br />36,354,579
<br />Reconciliation of Net Cash Flow from Operating Activities
<br />Operating income (loss) 3,960,284 405,913 (604,732)
<br />Adjustments to reconcile operating income to net cash
<br />provided by operating activities:
<br />Depreciation
<br />Change in assets and liabilities:
<br />Decrease (increase) in accounts receivable
<br />Decrease(increase)in due from other governmental agencies
<br />Decrease (increase) in inventory/prepaid expenses/deposits
<br />Increase (decrease) in vacation & sick leave payable
<br />Increase (decrease) in accounts payable
<br />Increase (decrease) in customer deposits
<br />Increase(decrease)in unearned revenue
<br />Increase (decrease) in deferred employer contributions
<br />Increase (decrease) in other pension deferred inflows
<br />Increase (decrease) in net pension liability
<br />Increase (decrease) in insurance claims payable
<br />Total adjustments
<br />Net cash provided by (used in) operating activities
<br />Noncash investing, capital and financing activities:
<br />Noncash capital contributions
<br />Gain (loss) on disposal of equipment
<br />Increase (decrease) in investment in sewer authority
<br />2,259,822 (162,543) 5,858,744 (3,016,679)
<br />2,993,516
<br />627,173
<br />579,103
<br />1,289,310
<br />32,258
<br />5,521,360
<br />1,250,774
<br />(408,643)
<br />(167,551)
<br />(42,199)
<br />(10,080)
<br />(4,631)
<br />(633,104)
<br />280,954
<br />796,678
<br />749,824
<br />1,546,502
<br />24,731
<br />(4,611)
<br />(85,533)
<br />38,379
<br />7,500
<br />(44,265)
<br />99,503
<br />2,670
<br />(18,360)
<br />52,472
<br />36,782
<br />(30,221)
<br />562,608
<br />476,151
<br />417,865
<br />8,430
<br />38,258
<br />1,503,312
<br />(391,951)
<br />36,308
<br />(28,434)
<br />(254)
<br />12
<br />7,632
<br />(909,789)
<br />81,886
<br />75
<br />(827,828)
<br />(929,366)
<br />(462,217)
<br />(205,778)
<br />(6,920)
<br />(61,780)
<br />(1,666,061)
<br />(1,493,486)
<br />(11,929)
<br />(5,815)
<br />5,100
<br />(203,026)
<br />(644)
<br />(216,314)
<br />(20,241)
<br />635,152
<br />318,636
<br />154,211
<br />141,782
<br />45,988
<br />1,295,769
<br />994,198
<br />2,213,284
<br />2,762,594
<br />1,432,308
<br />1,014,226
<br />1,257,696
<br />56,961
<br />6,523,785
<br />2,927,545
<br />6,722,878
<br />1,838,221
<br />409,494
<br />3,517,518
<br />(105,582)
<br />12,382,529
<br />(89,134)
<br />207,190
<br />23,046
<br />230,236
<br />(54,542)
<br />10,758,845
<br />10,758,845
<br />See accompanying notes to financial statements
<br />31
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