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6.A. - Page 62 of 191
<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />PROPRIETARY FUNDS
<br />COMBINING STATEMENT
<br />OF CASH FLOWS
<br />INCREASE (DECREASE)
<br />IN CASH AND CASH EQUIVALENTS
<br />FOR THE FISCAL
<br />YEAR ENDED
<br />NNE 30, 2019
<br />Governmental
<br />Water
<br />Sewer
<br />Non -Major
<br />Activities -
<br />Utility
<br />Utility
<br />Parking
<br />Port of
<br />Docktown
<br />Internal Service
<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 />44,483,315
<br />37,397,197
<br />2,553,661
<br />8,914,344
<br />54,757
<br />93,403,274
<br />Cash received from interfimd services provided
<br />35,383,772
<br />Cash payments to suppliers for goods and services
<br />(30,620,394)
<br />(29,251,166)
<br />(1,484,676)
<br />(3,248,203)
<br />(1,494,426)
<br />(66,098,865)
<br />(14,964,970)
<br />Cash payments to employees for services
<br />(4,779,960)
<br />(2,760,915)
<br />(1,007,753)
<br />(1,978,183)
<br />(231,110)
<br />(10,757,921)
<br />(18,152,389)
<br />Net cash provided by (used in) operating activities
<br />9,082,961
<br />5,385,116
<br />61,232
<br />3,687,958
<br />(1,670,779)
<br />16,546,488
<br />2,266,413
<br />Cash flows from noncapital financing activities:
<br />Nonoperating grant revenue
<br />35,824
<br />1,377
<br />31,757
<br />68,958
<br />Insurance recovery (loss)
<br />(7,530)
<br />(7,530)
<br />12,501
<br />Property taxes
<br />409,989
<br />409,989
<br />Transfers in
<br />749,637
<br />46,424
<br />4,470,519
<br />5,266,580
<br />850,000
<br />Transfers out
<br />(561,263)
<br />(561,263)
<br />(4,000)
<br />Advances from (to) other funds
<br />(300,000)
<br />850,000
<br />(3,850,000)
<br />(3,300,000)
<br />3,300,000
<br />Other
<br />(513,925)
<br />(513,925)
<br />Net cash provided by (used in) noncapital financing activities
<br />477,931
<br />(561,263)
<br />1,307,790
<br />(482,168)
<br />620,519
<br />1,362,809
<br />4,158,501
<br />Cash flows from capital and related financing activities:
<br />Acquisition and construction of capital assets
<br />(3,953,866)
<br />(6,292,432)
<br />(112,077)
<br />(995,088)
<br />(29,329)
<br />(11,382,792)
<br />(2,244,653)
<br />Acquisition ofproperty held for development
<br />(1,085,533)
<br />(1,085,533)
<br />Contributions
<br />2,592,051
<br />500,082
<br />3,092,133
<br />Principal retirements
<br />(2,231,054)
<br />(824,259)
<br />(3,055,313)
<br />Interest paid
<br />(1,765,546)
<br />(522,223)
<br />(141,873)
<br />(2,429,642)
<br />Net cash used in capital and related financing activities
<br />(5,358,415)
<br />(5,792,350)
<br />(112,077)
<br />(2,341,570)
<br />(1,256,735)
<br />(14,861,147)
<br />(2,244,653)
<br />Cash flows from investing activities:
<br />Interest on investments
<br />1,707,352
<br />1,272,930
<br />655,558
<br />347,354
<br />29,060
<br />4,012,254
<br />1,838,526
<br />Net cash provided by investing activities
<br />1,707,352
<br />1,272,930
<br />655,558
<br />347,354
<br />29,060
<br />4,012,254
<br />1,838,526
<br />Net increase (decrease) in cash and cash equivalents
<br />5,909,829
<br />304,433
<br />1,912,503
<br />1,211,574
<br />(2,277,935)
<br />7,060,404
<br />6,018,787
<br />Cash and cash equivalents at beginning of fiscal year
<br />32,965,145
<br />35,619,844
<br />14,920,374
<br />13,645,149
<br />2,687,986
<br />99,838,498
<br />39,285,438
<br />Cash and cash equivalents at end of fiscal year
<br />38,874,974
<br />35,924,277
<br />16,832,877
<br />14,856,723
<br />410,051
<br />106,898,902
<br />45,304,225
<br />Financial statement presentation:
<br />Cash and investments available for operations
<br />38,857,407
<br />35,924,277
<br />7,764,575
<br />13,764,725
<br />410,051
<br />96,721,035
<br />45,304,225
<br />Cash and investments, restricted
<br />17,567
<br />9,068,302
<br />1,091,998
<br />10,177,867
<br />Cash and cash equivalents at end of year
<br />38,874,974
<br />35,924,277
<br />16,832,877
<br />14,856,723
<br />410,051
<br />106,898,902
<br />45,304,225
<br />Reconciliation
<br />of Net Cash Flow from
<br />Operating Activities
<br />Operating income (loss)
<br />9,058,167
<br />5,320,553
<br />(720,370)
<br />2,369,202
<br />(1,808,277)
<br />14,219,275
<br />(3,180,337)
<br />Adjustments to reconcile operating income to net cash
<br />provided by operating activities:
<br />Depreciation
<br />3,217,307
<br />871,386
<br />651,817
<br />1,714,105
<br />33,725
<br />6,488,340
<br />1,500,905
<br />Change in assets and liabilities:
<br />Decrease (increase) in accounts receivable
<br />(487,313)
<br />(243,472)
<br />(81,518)
<br />(404,231)
<br />23,829
<br />(1,192,705)
<br />3,633
<br />Decrease (increase) in due from other governmental agencies
<br />(19,724)
<br />(463,737)
<br />(910)
<br />(484,371)
<br />13,129
<br />Decrease (increase) in inventory/prepaid expenses/deposits
<br />(793,971)
<br />(12,220)
<br />232
<br />(24,472)
<br />(830,431)
<br />(254,438)
<br />Decrease (increase) in pension deferred outflows
<br />776,451
<br />392,071
<br />123,847
<br />232,349
<br />35,643
<br />1,560,361
<br />1,276,850
<br />Decrease (increase) in OPEB deferred outflow
<br />(115,086)
<br />(48,571)
<br />(16,919)
<br />6,300
<br />(174,276)
<br />(181,732)
<br />Increase (decrease) in vacation & sick leave payable
<br />71,791
<br />33,471
<br />(43,641)
<br />(30,650)
<br />(2,285)
<br />28,686
<br />77,746
<br />Increase (decrease)in accounts payable
<br />(2,623,657)
<br />(461,458)
<br />101,915
<br />(49,072)
<br />52,277
<br />(2,979,995)
<br />336,140
<br />Increase (decrease) in customer deposits
<br />(10,841)
<br />680
<br />(17,019)
<br />(6,627)
<br />(33,807)
<br />Increase (decrease) in unearned revenue
<br />46
<br />46
<br />Increase (decrease) in net pension liability
<br />(167,331)
<br />(84,494)
<br />43,728
<br />(172,811)
<br />(7,682)
<br />(388,590)
<br />(275,172)
<br />Increase(decrease)in pension deferred inflows
<br />187,740
<br />94,800
<br />12,860
<br />49,681
<br />8,618
<br />353,699
<br />308,734
<br />Increase (decrease) in net OPEB liability
<br />(15,616)
<br />(15,693)
<br />(11,589)
<br />20,588
<br />(22,310)
<br />(35,702)
<br />Increase (decrease) in OPEB deferred inflows
<br />5,044
<br />2,480
<br />1,100
<br />(6,058)
<br />2,566
<br />8,392
<br />Increase (decrease) in insurance claims payable
<br />2,668,265
<br />Total adjustments
<br />24,794
<br />64,563
<br />781,602
<br />1,318,756
<br />137,498
<br />2,327,213
<br />5,446,750
<br />Net cash provided by (used in) operating activities
<br />9,082,961
<br />5,385,116
<br />61,232
<br />3,687,958
<br />(1,670,779)
<br />16,546,488
<br />2,266,413
<br />Noncash investing, capital and financing activities:
<br />Proceeds on sale of equipment
<br />135,296
<br />Increase (decrease) in investment in sewer authority
<br />4,737,591
<br />4,737,591
<br />Impairment loss on property held for development
<br />(1,054,510)
<br />(1,054,510)
<br />See accompanying notes to financial statements
<br />34
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