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Water Sewer Port of
<br />Fund Fund Redwood City
<br />CASH FLOWS FROM OPERATING ACTIVITIES:
<br />Cash received from customers 51,093,379$ 49,074,167$ 10,291,900$
<br />Cash payments to suppliers for goods and services (35,966,149) (43,789,626) (4,397,131)
<br />Cash payments to employees for services (9,307,561) (3,764,132) (3,080,718)
<br />Net cash provided by (used in) operating activities 5,819,669 1,520,409 2,814,051
<br />
<br />CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES:
<br />Property taxes received - - -
<br />Nonoperating grant revenue 253,729 - 321,892
<br />Subvention payment to City - - (580,685)
<br />Repayment/receipt of interfund borrowing (lending)- - -
<br />Transfers in 1,444,296 - -
<br />Transfers out - (747,151) -
<br />Net cash provided by (used in) noncapital financing activities 1,698,025 (747,151) (258,793)
<br />CASH FLOWS FROM CAPITAL AND
<br />RELATED FINANCING ACTIVITIES:
<br />Proceeds from sale of capital assets - - -
<br />Acquisition of capital assets, net (6,085,913) (4,668,480) (1,770,308)
<br />Proceeds from issuance of debt 16,251,161 - -
<br />Principal payment of long-term debt (18,466,605) - (1,026,109)
<br />Interest paid on debt and fiscal charges (799,263) - (300,712)
<br />Net cash (used in) capital and related financing activities (9,100,620) (4,668,480) (3,097,129)
<br />CASH FLOWS FROM INVESTING ACTIVITIES:
<br />Interest from investments 5,576,278 2,836,447 1,374,126
<br />Net cash provided by investing activities 5,576,278 2,836,447 1,374,126
<br />Net change in cash and cash equivalents 3,993,352 (1,058,775) 832,255
<br />CASH AND CASH EQUIVALENTS:
<br />Beginning of year 60,198,998 54,591,473 27,180,662
<br />End of year 64,192,350$ 53,532,698$ 28,012,917$
<br />RECONCILIATION OF CASH AND CASH
<br /> EQUIVALENTS TO STATEMENT OF NET POSITION:
<br />Cash and cash investments 64,152,494$ 53,532,698$ 26,757,220$
<br />Restricted cash and investments 39,856 - 1,255,697
<br />Total cash and cash equivalents 64,192,350$ 53,532,698$ 28,012,917$
<br />City of Redwood City
<br />Statement of Cash Flows
<br />Proprietary Funds
<br />For the Year Ended June 30, 2025
<br />Major Funds
<br />See accompanying Notes to the Basic Financial Statements.
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