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6,1 B
<br /> CITY OF REDWOOD CITY, CALIFORNIA Page 50
<br /> PROPRIETARY 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 /> Governmental
<br /> Water Sewer Activities -
<br /> Utility Utility Parking Port of Internal Service
<br /> Fund Fund Fund Redwood City Totals Funds
<br /> Cash flows from operating activities: �- �-� � �- �
<br /> Cash received from customers 24,177,155 20,120,155 999,348 5,474,199 50,770,857
<br /> Cash received from interfund services provided 21,071,333
<br /> Cash payments to suppliers for goods and services (11,159,086) (13,461,627) (801,213) (1,740,975
<br /> ) (27,162,901) (11,203,230)
<br /> Cash payments to employees for services (4,514,805) (2,080,890) (1,006,383) (1,059,435) (8,661,513
<br /> � (8,235,174)
<br /> Right of way compensation (2,250,000) (1,600,101) (42,000) (3,892,101)
<br /> Net cash provided by operating activities 6,253,264 2,977,537 (850,248) 2,673,789 11,054,342 1,632,929
<br /> Cash flows from noncapital financing activities: ,
<br /> Nonoperatinggrantrevenue 400,326 400,326 I
<br /> Insurancerecovery 2,885 2,885 17,014 I
<br /> , Property taxes 25,904 25,904 '
<br /> Transfers in 293,461 110,271 988,790 1,392,522 96,430 I
<br /> Transfers out (554,715)
<br /> Advancesfrom otherfunds (833,333) (833,333)
<br /> Advancesto otherfunds 833,333 833,333 1,000,000
<br /> Net cash provided by noncapital financing activities 1,129,679 (723,062) 1,014,694 400,326 1,821,637 558,729
<br /> Cash flows from capital and related financing activities:
<br /> Acquisition and construction of capital assets (6,013,256) (1,410,599) (1,115,255) (8,539,110) (915,420)
<br /> Principal retirements (1,675,000) (277,721) (1,952,721)
<br /> Interest paid (2,990,528) (8,428) (14,683) (499,137) (3,512,776)
<br /> Contributions 191,945 191,945
<br /> Proceeds from sale of equipment 42,992
<br /> Net cash used for capital and related financing activities (10,486,839) (1,419,027) (14,683) (1,892,113) (13,812,662) (872,428)
<br /> Cash flows from investing activities:
<br /> Interest on investments 331,173 93,869 114,891 539,933 507,692
<br /> Change in fair value of investments (59,311) (34,633) (93,944) (181,269)
<br /> Net cash provided by investing activities � 59,236 114,891 445,98 326,423
<br /> Net increase (decrease) in cash and cash equivalents (2,832,034) 894,684 149,763 1,296,893 (490,694) 1,645,653
<br /> Cash and cash equivalents at beginning of year 25,752,073 5,016,076 246,912 17,118,769 48,133,830 20,387,259
<br /> Cash and cash equivalents at end of year 22,9 5,910,760 396,6 18,41 47,643,136 22,
<br /> Reconciliation of Net Cash Flow from Operoting Activities
<br /> Operating income (loss) 2,564,56 2,5 56,261 (1,456,980) 2,062,651 5,7 26,494 (23,41
<br /> Adjustments to reconcile opereting income to net cash
<br /> provided by operating adivities:
<br /> Depreciation 2,102,655 462,046 580,047 606,616 3,751,364 1,080,447
<br /> Change in assets and liabilities:
<br /> Decrease(increase)in accounts receivable (127,232) (141,644) (6,030) (16,997) (291,903) 19,672
<br /> Decrease(increase)in duefrom othergovernmentalagencies 1,240,406 (48,217) 50 1,192,239 50,383
<br /> Decrease(intrease)ininventory/prepaid expenses/deposits (134,133) 32,340 22,443 (79,350) 183,699
<br /> Increase�decrease)in vacation & sickleave payable (105,741) (34,002) 4,903 30,948 (103,892) 224
<br /> Increase�decrease)in accountspayable 594,492 183,093 (7,838) 27,300 797,047 (373,365)
<br /> Increase (decrease) in customer deposits 118,255 3,260 45,031 166,546
<br /> Increase(decrease)in unearned revenue (104,203) (104,203)
<br /> Increase(decrease)ininsurance claims payable 695,288
<br /> Total adjustments 3,688,702 421,276 606,732 611,138 5,327,8 1,656,3
<br /> Net cash provided by operating activities 6,253,264 2,977,537 (850,248) 2,673,789 11,054,342 1,632,929
<br /> Noncash investing, capital and financing activities:
<br /> Noncash capitalcontributions (14,818) 382,067 367,249 401,787
<br /> Noncash transfers to cover allocation of net OPEB obligation (40,104) (40,104) 5,789,483
<br /> Gain (loss) on disposal of equipment (110,631) (18,463) (129,094)
<br /> Increase (decrease) in investment in sewer authority 1,542,993 1,542,993
<br /> See accompanying notes to financial statements
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