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6.C. - Page 66 of 196
<br />Operating income (loss)
<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 />Decrease (increase) in pension deferred outflows
<br />Decrease (increase) in OPEB deferred outflow
<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 net pension liability
<br />Increase (decrease) in pension deferred inflows
<br />Increase (decrease) in net OPEB liability
<br />Increase (decrease) in OPEB deferred inflows
<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 />Proceeds on sale of equipment
<br />Increase (decrease) in investment in sewer authority
<br />Impairment loss on property held for development
<br />Reconciliation of Net Cash Flow from Operating Activities
<br />9,164,177 8,820,561 (2,142,918) 2,831,274 (674,013) 17,999,081 1,358,135
<br />3,279,479
<br />CITY OF REDWOOD CITY, CALIFORNIA
<br />755,235
<br />1,730,886
<br />19,062
<br />6,820,126
<br />1,503,132
<br />PROPRIETARY FUNDS
<br />150,361
<br />396,444
<br />1,564,791
<br />(22,205)
<br />1,858,872
<br />STATEMENT
<br />OF CASH FLOWS
<br />(550,489)
<br />910
<br />(535,240)
<br />FOR THE FISCAL YEAR ENDED
<br />JUNE 30, 2020
<br />2,068
<br />4,550
<br />(4,726)
<br />21,163
<br />92,068
<br />327,189
<br />165,213
<br />95,144
<br />86,583
<br />15,019
<br />Governmental
<br />538,047
<br />Water
<br />Sewer
<br />(36,874)
<br />(47,344)
<br />Non -Major
<br />(129,213)
<br />Activities -
<br />102,909
<br />utility
<br />Utility
<br />Parking
<br />Port of
<br />Docktown
<br />142,241
<br />Internal Service
<br />(336,536)
<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 />47,008,836
<br />41,951,483
<br />2,069,597
<br />10,330,191
<br />(3,854)
<br />101,356,253
<br />19,954
<br />Cash received from interfund services provided
<br />158,376
<br />124,001
<br />(388,867)
<br />(192,231)
<br />(80,470)
<br />(62,417)
<br />37,677,896
<br />Cash payments to suppliers for goods and services
<br />(26,428,370)
<br />(29,756,876)
<br />(1,858,472)
<br />(2,119,277)
<br />(527,963)
<br />(60,690,958)
<br />(15,179,071)
<br />Cash payments to employees for services
<br />(5,250,190)
<br />(2,683,353)
<br />(1,096,447)
<br />(1,953,017)
<br />(183,022)
<br />(11,166,029)
<br />(17,655,278)
<br />Net cash provided by (used in) operating activities
<br />15,330,276
<br />9,511,254
<br />(885,322)
<br />6,257,897
<br />(714,839)
<br />29,499,266
<br />4,843,547
<br />Cash flows from noncapital financing activities:
<br />(885,322)
<br />6,257,897
<br />(714,839)
<br />29,499,266
<br />4,843,547
<br />Nonoperating grant revenue
<br />1,606
<br />37,342
<br />38,948
<br />Insurance recovery (loss)
<br />(278)
<br />(2,950)
<br />(3,228)
<br />Property taxes
<br />447,594
<br />447,594
<br />Transfers in
<br />777,404
<br />916,343
<br />4,366,141
<br />6,059,888
<br />1,401,727
<br />Transfers out
<br />(50,188)
<br />(588,822)
<br />(639,010)
<br />(13,357)
<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 />(6,411)
<br />(408,830)
<br />(415,241)
<br />Net cash provided by (used in) noncapital financing activities
<br />420,527
<br />(591,772)
<br />2,215,543
<br />(371,488)
<br />516,141
<br />2,188,951
<br />4,688,370
<br />Cash flows from capital and related financing activities:
<br />Acquisition and construction of capital assets
<br />(5,445,980)
<br />(6,535,813)
<br />(1,153)
<br />(227,467)
<br />(12,210,413)
<br />(1,468,563)
<br />Sale of property held for development
<br />130,027
<br />130,027
<br />Contributions
<br />586,422
<br />101,724
<br />50,000
<br />738,146
<br />Principal retirements
<br />(2,316,054)
<br />(852,429)
<br />(3,168,483)
<br />Interest paid
<br />(1,699,246)
<br />(492,087)
<br />(56,595)
<br />(2,247,928)
<br />Net cash used in capital and related financing activities
<br />(8,874,858)
<br />(6,434,089)
<br />48,847
<br />(1,571,983)
<br />73,432
<br />(16,758,651)
<br />(1,468,563)
<br />Cash flows from investing activities:
<br />Interest on investments
<br />1,536,478
<br />953,296
<br />485,567
<br />292,088
<br />(15,355)
<br />3,252,074
<br />1,506,974
<br />Net cash provided by investing activities
<br />1,536,478
<br />953,296
<br />485,567
<br />292,088
<br />(15,355)
<br />3,252,074
<br />1,506,974
<br />Net increase (decrease) in cash and cash equivalents
<br />8,412,423
<br />3,438,689
<br />1,864,635
<br />4,606,514
<br />(140,621)
<br />18,181,640
<br />9,570,328
<br />Cash and cash equivalents at beginning 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 />Cash and cash equivalents at end of fiscal year
<br />47,287,397
<br />39,362,966
<br />18,697,512
<br />19,463,237
<br />269,430
<br />125,080,542
<br />54,874,553
<br />Financial statement presentation:
<br />Cash and investments available for operations
<br />47,269,748
<br />39,362,966
<br />9,327,087
<br />18,360,194
<br />269,430
<br />114,589,425
<br />54,874,553
<br />Cash and investments, restricted
<br />17,649
<br />9,370,425
<br />1,103,043
<br />10,491,117
<br />Cash and cash equivalents at end of year
<br />47,287,397
<br />39,362,966
<br />18,697,512
<br />19,463,237
<br />269,430
<br />125,080,542
<br />54,874,553
<br />Operating income (loss)
<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 />Decrease (increase) in pension deferred outflows
<br />Decrease (increase) in OPEB deferred outflow
<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 net pension liability
<br />Increase (decrease) in pension deferred inflows
<br />Increase (decrease) in net OPEB liability
<br />Increase (decrease) in OPEB deferred inflows
<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 />Proceeds on sale of equipment
<br />Increase (decrease) in investment in sewer authority
<br />Impairment loss on property held for development
<br />Reconciliation of Net Cash Flow from Operating Activities
<br />9,164,177 8,820,561 (2,142,918) 2,831,274 (674,013) 17,999,081 1,358,135
<br />3,279,479
<br />1,035,464
<br />755,235
<br />1,730,886
<br />19,062
<br />6,820,126
<br />1,503,132
<br />(230,519)
<br />150,361
<br />396,444
<br />1,564,791
<br />(22,205)
<br />1,858,872
<br />(108,056)
<br />14,339
<br />(550,489)
<br />910
<br />(535,240)
<br />232,056
<br />19,271
<br />2,068
<br />4,550
<br />(4,726)
<br />21,163
<br />92,068
<br />327,189
<br />165,213
<br />95,144
<br />86,583
<br />15,019
<br />689,148
<br />538,047
<br />(34,830)
<br />(10,165)
<br />(36,874)
<br />(47,344)
<br />(129,213)
<br />(57,935)
<br />102,909
<br />32,864
<br />67,946
<br />(6,670)
<br />2,400
<br />199,449
<br />142,241
<br />2,278,330
<br />(336,536)
<br />(138,555)
<br />(71,291)
<br />(78,729)
<br />1,653,219
<br />(54,042)
<br />3,594
<br />(260)
<br />3,472
<br />(422)
<br />6,384
<br />448,476
<br />226,458
<br />96,905
<br />118,679
<br />20,587
<br />911,105
<br />737,501
<br />75,406
<br />38,076
<br />21,478
<br />19,954
<br />3,462
<br />158,376
<br />124,001
<br />(388,867)
<br />(192,231)
<br />(80,470)
<br />(62,417)
<br />(723,985)
<br />(646,914)
<br />271,322
<br />129,610
<br />75,143
<br />94,706
<br />570,781
<br />451,364
<br />531,949
<br />6,166,099
<br />690,693
<br />1,257,596
<br />3,426,623
<br />(40,826)
<br />11,500,185
<br />3,485,412
<br />15,330,276
<br />9,511,254
<br />(885,322)
<br />6,257,897
<br />(714,839)
<br />29,499,266
<br />4,843,547
<br />2,498,610 2,498,610
<br />(1,054,510) (1,054,510)
<br />See accompanying notes to financial statements
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<br />153
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