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<br />CITY OF REDWOOD CITY, CALIFORNIA
<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, 2005
<br />
<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 customers 2,513,342 3,512,102 6,629,412 805,008 13,459,864
<br />Cash payments to suppliers for goods and services (833,505) (3,477,013) (2,026,865) (822,054) (7,159,437)
<br />Cash payments to employees for services (787,431) (270,729) (4,840,992) (5,899,152)
<br />Net cash provided by operating activities 892,406 (235,640) (238,445) (17,046) 401,275
<br />Cash flows from noncapital financing activities
<br />Repayment of advances by capital outlay fund 1,000,000 1,000,000 2,000,000
<br />Insurance recovery 170,171 170,171
<br />Transfers out (24,809) (24,809)
<br />Net cash used in non-capital financing activities 1,170,171 975,191 2,145,362
<br />Cash flows from capital and related financing activities:
<br />Acquisition and construction of capital assets (1,443,547) (1,443,547)
<br />Contributions 96,228 96,228
<br />Proceeds from sale of equipment 123,309 123,309
<br />Net cash used for capital and related financing activities (1,320,238) 96,228 (1,224,010)
<br />Cash flows from investing activities:
<br />Interest and dividends on investment 171,205 186,261 24,809 14,690 396,965
<br />Net increase (decrease) in fair value of investments (6,355) (6,570) (578) (544) (14,047)
<br />Net cash used in investing activities 164,850 179,691 24,231 14,146 382,918
<br />Net increase (decrease) in cash and cash equivalents (262,982) 1,114,222 857,205 (2,900) 1,705,545
<br />Cash and cash equivalents at beginning of year 6,319,904 6,193,391 12,549 510,737 13,036,581
<br />Cash and cash equivalents at end of year 6,056,922 7,307,613 869,754 507,837 14,742,126
<br /> Reconciliation of Net Cash Flow from Operating Activities
<br />Operating income (loss) (58,119) (2,063,631) (333,999) (34,446) (2,490,195)
<br />Adjustments to reconcile operating income(1oss) to
<br />net cash provided by operating activities:
<br />Depreciation 766,290 47,478 813,768
<br />Change in assets and liabilities:
<br />Increase in insurance claims payable 1,825,406 1,825,406
<br />Decrease (increase) in accounts receivable (5,332) 87,928 82,596
<br />Decrease (increase) in due from other governmental agencies (25,153) 246 (58,778) (83,685)
<br />Decrease (increase) in inventory/prepaid expense/deposits 15,308 4,684 19,992
<br />Increase (decrease) in vacation & sick leave payable 13,109 (8,764) 4,345
<br />Increase (decrease) in accounts payable 186,303 2,339 27,690 12,716 229,û48
<br />Total adjustments 950,525 1,827,991 95,554 17,400 2,891,470
<br />Net cash provided by operating activities 892,406 (235,640) (238,445) (17,046) 401,275
<br />Non-cash financing activity: During the fiscal year the equipment services fund received $49,590 and the internal services fund
<br />received $42,287 in contributed fixed assets which consisted of new equipment purchased by governmental funds and enterprise funds.
<br /> 90
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