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Water Sewer Port of
<br />Fund Fund Redwood City
<br />RECONCILIATION OF OPERATING INCOME TO NET
<br />CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:
<br />Operating income (loss)3,509,268$ 1,052,239$ 2,464,628$
<br />Adjustments to reconcile operating income to net
<br />cash provided by (used in) operating activities:
<br />Depreciation and amortization 4,028,151 1,514,841 1,154,116
<br />Changes in operating assets and liabilities, and
<br />deferred outflows and inflows of resources:
<br />Accounts receivable, net (1,021,173) (608,359) (631,508)
<br />Intergovernmental receivable - (795,437) -
<br />Lease receivable - - 1,046,040
<br />Prepaid items, inventory, and deposits (742,590) 3,156 (116,676)
<br />Deferred outflows - OPEB related (559,329) (267,189) 5,337
<br />Deferred outflows - pension related 1,396,362 688,930 216,829
<br />Accounts payable (630,829) 202,012 687,623
<br />Retention payable 325,207 203,178 -
<br />Accrued payroll - - (3,192)
<br />Deposits payable 26,501 - 52,000
<br />Unearned revenue - - 5,237
<br />Compensated absences 379,095 (26,882) 19,659
<br />Claims payable - - -
<br />Net OPEB liability 9,261 4,423 3,718
<br />Net pension liability (653,374) (329,921) (172,900)
<br />Deferred inflows - lease related - - (1,835,163)
<br />Deferred inflows - OPEB related (149,740) (71,531) (55,992)
<br />Deferred inflows - pension related (97,141) (49,051) (25,705)
<br />Total adjustments 2,310,401 468,170 349,423
<br />Net cash provided by (used in) operating activities 5,819,669$ 1,520,409$ 2,814,051$
<br />NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES:
<br />Non-cash contributions 2,085,898$ 222,527$ -$
<br />Total noncash capital and related financing activities 2,085,898$ 222,527$ -$
<br />City of Redwood City
<br />Statement of Cash Flows (Continued)
<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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