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6,1 B
<br /> CITY OF REDWOOD CITY, CALIFORNIA Page 117
<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, 2010
<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 interfund services provided 4,093,987 3,569,685 8,742,952 4,664,709 21,071,333
<br /> Cash payments to suppliers for goods and services (1,613,081) (2,859,052) (1,947,708) (4,783,389) (11,203,230)
<br /> Cash payments to employees for services (1,096,428) (349,300) (6,789,446) (8,235,174)
<br /> Net cash provided by operating activities 1,384,478 361,333 5,798 (118,680) 1,632,929
<br /> Cash flows from noncapital financing activities
<br /> Insurance recovery 16,102 912 17,014
<br /> Transfers in 14,368 5,059 77,003 96,430
<br /> Transfers out (44,290) (510,425) (554,715)
<br /> Advances to other funds 1,000,000 1,000,000
<br /> Net cash used in non-capital financing activities 30, 470 1,005,971 32, (5 558,
<br /> Cash flows from capital and related financing activities:
<br /> Acquisition and construction of capital assets (814,178) (101,242) (915,420)
<br /> Proceeds from sale of equipment 42,992 42,992
<br /> Net cash used for capital and related financing activities (771,186) (101,242) (872,428)
<br /> Cash flows from investing activities:
<br /> Interest on investments 145,923 225,825 44,291 91,653 507,692
<br /> Change in fair value of investments (53,838) (77,275) (16,341) (33,815) (181,269)
<br /> Net cash provided by investing activities 92,085 14 8,550 27,950 57,838 326,423
<br /> Netincrease(decrease)in cash and cash equivalents 735,847 1,515,854 (34,781) (571,267) 1,645,653
<br /> Cash and cash equivalents at beginning of year 6,342,155 9,098,456 1,814,900 3,131,748 20,38
<br /> Cash and cash equivalents at end of year 7,078,00 10,614,310 1,780,119 2,560,481 22,032,9
<br /> Reconciliation of Net Cash Flow from Opereting Activities
<br /> Operating income (loss) 787,537 (624,093) (68, (118,680) (
<br /> Adjustments to reconcile operating income(loss) to
<br /> net cash provided by operating activities:
<br /> Depreciation 977,710 102,737 1,080,447
<br /> Change in assets and liabilities:
<br /> Increase (decrease) in insurence claims payable 695,288 695,288
<br /> Decrease(increase)in accountsreceivable 19,439 233 19,672
<br /> Decrease (increase) in due from other governmental agencies 42,206 8,177 50,383
<br /> Decrease (increase) in inventory/prepaid expense/deposits (1,301) 185,000 183,699
<br /> Increase(decrease)in vacation & sickleave payable (7,090) 7,314 224
<br /> Increase(decrease)in accounts payable (434,0 105,138 (44,480) (373,365)
<br /> Total adjustments 596,941 985,426 7 3,98 1 1,656,348
<br /> Net cash provided by operating activities 1,38 4, 4 78 361,333 5,7 98 (118,6 1,632,929
<br /> Noncash investing, capital and financing activities:
<br /> Noncash capital contributions 341,964 59,823 401,787
<br /> Noncash transfers to cover allocation of net OPEB obligation (57,043) (19,860) (297,666) 6,164,052 5,789,483
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