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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 30,2007
<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 3,209,358 3,528,646 7,647,725 932,854 15,318,583
<br /> Cash payments to suppliers for goods and services (1,008,338) (2,971,163) (1,685,243) (821,650) (6,486,394)
<br /> Cash payments to employees for services (907,928) (301,747) (5,486,940) (6,696,615)
<br /> Net cash provided by operating activities 1,293,092 255,736 475,542 111,204 2,135,574
<br /> Cash flows from noncapital financing activities
<br /> Transfers in 1,100,000 1,100,000
<br /> Transfers out (33,209) (33,209)
<br /> Net cash used in non-capital financing activities 1,100,000 (33,209) 1,066,791
<br /> Cash flows from capital and related financing activities:
<br /> Acquisition and construction of capital assets (868,865) (21,917) (890,782)
<br /> Proceeds from sale of equipment 76,169 76,169
<br /> Net cash used for capital and related financing activities (792,696) (21,917) (814,613)
<br /> Cash flows from investing activities:
<br /> Interest and dividends on investment 291,763 411,503 55,169 37,090 795,525
<br /> Net increase(decrease)in cash and cash equivalents 792,159 1,767,239 475,585 148,294 3,183,277
<br /> Cash and cash equivalents at beginning of year 5,380,463 7,661,728 747,491 648,873 14,438,555
<br /> Cash and cash equivalents at end of year 6,172,622 9,428,967 1,223,076 797,167 17,621,832
<br /> Reconciliation of Net Cash Flow from Operating Activities
<br /> Operating income(loss) 405,335 (250,898) 371,336 134,781 660,554
<br /> Adjustments to reconcile operating income(loss)to
<br /> net cash provided by operating activities:
<br /> Depreciation 788,936 60,499 849,435
<br /> Change in assets and liabilities:
<br /> Increase(decrease)in insurance claims payable 756,618 756,618
<br /> Decrease(increase)in accounts receivable 3,222 5,623 8,845
<br /> Decrease(increase)in due from other governmental agencie� (24,236) 11,896 (12,340)
<br /> Decrease(increase)in inventory/prepaid expense/deposits 5,105 (478,762) (24,016) (497,673)
<br /> Increase(decrease)in vacation&sick leave payable (41,851) (68,480) (110,331)
<br /> Increase(decrease)in accounts payable 156,581 282,604 94,668 439 534,292
<br /> Increase(decrease)in unearned revenue (53,826) (53,826)
<br /> Total adjustments 887,757 506,634 104,206 (23,577) 1,475,020
<br /> Net cash provided by operating activities 1,293,092 255,736 475,542 111,204 2,135,574
<br /> Non-cash financing activity: During the fiscal year the equipment services fund received$24,967 and the internal services fund
<br /> received$138,644 in contributed fixed assets which consisted of new equipment purchased by governmental funds and enterprise funds.
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