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6.1.B. - Page 123 CITY OF REDWOOD CITY, CALIFORNIA
<br /> INTERNALSERVICE FUNDS
<br /> COMBINING STATEMENT OF CASH FLOWS
<br /> INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
<br /> FOR THE FISCAL YEAR ENDED JUNE 30, 2011
<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 4,110,016 3,689,347 8,454,612 4,801,706 21,055,681
<br /> Cash payments to suppliers for goods and services (1,300,691) (3,856,173) (1,821,997) (4,863,810) (11,842,671)
<br /> Cash payments to employees for services (1,016,698) (328,489) (6,560,680) (7,905,867)
<br /> Net cash provided by operating activities 1,792,627 (495,315) 71,935 (62,104) 1,307,143
<br /> Cash flows from noncapital financing activities
<br /> Insurancerecovery 889 21,343 2,755 24,987
<br /> Transfers in
<br /> Transfers out (20,770) (20,770)
<br /> Advances to other funds 1,000,000 1,000,000
<br /> Net cash used in non-capital financing activities 889 1,021,343 (18,015) 1,004,217
<br /> Cash flows from capital and related financing activities:
<br /> Acquisition and construction of capital assets (1,098,984) (63,995) (1,162,979)
<br /> Contributions 47,196 47,196
<br /> Proceeds from sale of equipment 79,512 79,512
<br /> Net cash used for capital and related financing activities (1,019,472) (16,799) (1,036,271)
<br /> Cash flows from investing activities:
<br /> Interest on investments 82,762 119,057 20,770 36,788 259,377
<br /> Change in fair value of investments (12,340) (16,655) (3,097) (5,485) (37,577)
<br /> Net cash provided by investing activities 70,422 102,402 17,673 31,303 221,800
<br /> Net increase (decrease) in cash and cash equivalents 844,466 628,430 54,794 (30,801) 1,496,889
<br /> Cash and cash equivalents at beginning of year 7,078,002 10,614,310 1,780,119 2,560,481 22,032,912
<br /> Cash and cash equivalents at end of year 7,922,468 11,242,740 1,834,913 2,529,680 23,529,801
<br /> Reconciliation of Net Cash Flow from Operating Activities
<br /> Operating income (loss) 784,472 (566,734) (15,879) (66,406) 135,453
<br /> Adjustments to reconcile operating income(loss) to
<br /> net cash provided by operating activities:
<br /> Depreciation 1,004,553 125,523 1,130,076
<br /> Change in assets and liabilities:
<br /> Increase (decrease) in insurance claims payable (104,366) (104,366)
<br /> Decrease(increase)in accountsreceivable 2,464 (2,927) (463)
<br /> Decrease (increase) in due from other governmental agencies 4,455 (42,673) (38,218)
<br /> Decrease (increase) in inventory/prepaid expense/deposits 45,777 (9,022) 4,302 41,057
<br /> Increase (decrease) in vacation & sick leave payable (1,556) 10,375 8,819
<br /> Increase(decrease)in accounts payable (48,544) 175,434 1,261 128,151
<br /> Increase (decrease) in net OPEB obligation 1,006 351 5,277 6,634
<br /> Total adjustments 1,008,155 71,419 87,814 4,302 1,171,690
<br /> Net cash provided by operating activities 1,792,627 (495,315) 71,935 (62,104) 1,307,143
<br /> Noncash investing, capital and financing activities:
<br /> Noncash capital contributions 100,679 136,911 237,590
<br /> Gain (loss) on disposal of equipment 32,689 (2,854) 29,835
<br /> 97
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