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6.1. B. - Page 53 CITY OF REDWOOD CITY, CALIFORNIA
<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, 2011
<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: $ $ 5 $ 5 5
<br /> Cash received from customers 26,029,851 21,542,863 1,098,339 5,493,358 54,164,411
<br /> Cash received from interfund services provided 21,055,681
<br /> Cash payments to suppliers for goods and services (13,165,113) (14,805,758) (788,929) (1,040,791) (29,800,591) (11,842,671)
<br /> Cash payments to employees for services (4,402,858) (2,136,694) (1,003,830) (1,084,038) (8,627,4Z0) (7,905,867)
<br /> Right of way compensation (2,262,500) (1,865,119) (42,000) (4,169,619)
<br /> Net cash provided by operating activities 6,199,380 2,735,292 (736,420) 3,368,529 11,566,781 1,307,143
<br /> Cash flows from noncapital financing activities:
<br /> Nonoperating grant revenue 287,278 287,278
<br /> Insurance recovery 16,537 787 17,324 24,987
<br /> Property taxes 28,080 28,080
<br /> Transfers in 783,407 783,407
<br /> Transfers out (20,770)
<br /> Advancesfrom otherfunds (416,667) (416,667)
<br /> Advances to other funds 416,667 416,667 1,000,000
<br /> Net cash provided by noncapital financing activities 433,204 (416,667) 812,274 287,278 1,116,089 1,004,217
<br /> Cash flows from capital and related financing activities:
<br /> Acquisition and construction of capital assets (4,337,476) (2,922,145) (3,356,396) (10,616,017) (1,162,979)
<br /> Principal retirements (1,730,000) (288,969) (2,018,969)
<br /> Interest paid (2,930,764) (583) (7,672) (485,388) (3,424,407)
<br /> Contributions 3,406,848 3,406,848 47,196
<br /> Proceeds from sale of equipment 79,512
<br /> Net cash used for capital and related financing activities (5,591,392) (2,922,728) (7,672) (4,130,753) (12,652,545) (1,036,271)
<br /> Cash flows from investing activities:
<br /> Interest on investments 255,724 35,622 75,996 367,342 259,377
<br /> Change in fair va�ue of investments (35,488) (5,311) (40,799) (37,577)
<br /> Net cash provided by investing activities 220,236 30,311 75,996 326,543 221,800
<br /> Netincrease(decrease)in cash and cash equivalents 1,261,428 (573,792) 68,182 (398,950) 356,868 1,496,889
<br /> Cash and cash equivalents at beginning of year 22,920,039 5,910,760 396,675 18,415,662 47,643,136 22,032,912
<br /> Cash and cash equivalents at end of year 24,181,467 5,336,968 464,857 18,016,712 48,000,004 23,529,801
<br /> Reconciliation of Net Cash Flow from Operating Activities
<br /> Operating income (loss) 4,243,629 1,979,180 (1,312,740) 1,974,079 6,884,148 135,453
<br /> Adjustments to reconcile operating income to net cash
<br /> provided by operating activities:
<br /> Depreciation 2,32Q583 487,922 580,047 796,655 4,185,207 1,130,076
<br /> Change in assets and liabilities:
<br /> Decrease(increase)in accountsreceivable (263,876) (115,652) (1,965) (228,138) (609,631) (463)
<br /> Decrease (increase) in due from other governmental agencies 288,849 (221,129) 67,720 (38,218)
<br /> Decrease(increase)ininventory/prepaid expenses/deposits 131,094 (30,870) 5,037 105,261 41,057
<br /> Increase(decrease)in vacation & sickleave payable (5,903) (1,025) 3,438 (14,974) (18,464) 8,819
<br /> Increase(decrease)in accountspayable (620,738) 604,443 22,821 795,313 801,839 128,151
<br /> Increase (decrease) in customer deposits 101,609 2,140 (31,713) 72,036
<br /> Increase(decrease)in unearnedrevenue (12,346) (12,346)
<br /> Increase (decrease) in net OPEB obligation 4,133 1,553 709 84,616 91,011 6,634
<br /> Increase (decrease) in insurance daims payable (104,366)
<br /> Total adjustments 1,955,751 756,112 576,320 1,394,450 4,682,633 1,171,690
<br /> Net cash provided by operating activities 6,199,380 2,735,292 (736,420) 3,368,529 11,566,781 1,307,143
<br /> Noncash investing, capital and financing activities:
<br /> Noncash capital contributions 380,091 38Q091 237,590
<br /> Gain (loss) on disposal of equipment 29,835
<br /> Increase (decrease) in investment in sewer authority 1,842,650 1,842,650
<br /> See accompanying notes to financial statements
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