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CITY OF REDWOOD CITY,CALIFORNIA 6.1.F. - Page 57
<br /> PROPRIETARY FUNDS
<br /> COMBINING STATEMENT OF CASH FLOWS
<br /> INCREASE(DECREASE)IN CASH AND CASH EQUIVALENTS
<br /> FOR THE FISCAL YEAR ENDED JUNE 30,2012
<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 27,645,936 24,173,229 1,254,659 6,178,460 59,252,284
<br /> Cash received from interfund services provided 21,568,440
<br /> Cash payments to suppliers for goods and services (15,558,974) (16,287,103) (801,251) (2,280,871) (34,928,199) (11,819,323)
<br /> Cash paymentsto employeesforservices (4,421,098) (2,068,489) (909,552) (1,100,315) (8,499,454) (9,355,205)
<br /> Right of way compensation (2,262,500) (1,865,119) (42,000) (4,169,619)
<br /> Net cash provided by operating activities 5,403,364 3,952,518 (498,144) 2,797,274 11,655,012 393,912
<br /> Cash flows from noncapital financing activities:
<br /> Nonoperating grant revenue 264,987 2,806,660 3,071,647
<br /> Insurance recovery 14,373 212 14,585 9,169
<br /> Property taxes 77,425 77,425
<br /> Transfers in 607,867 607,867
<br /> Transfers out (14,417)
<br /> Advancesto otherfunds 500,000
<br /> Net cash provided by noncapital financing activities 279,360 685,504 2,806,660 3,771,524 494,752
<br /> Cash flows from capital and related financing activities:
<br /> Acquisition and construction of capital assets (3,572,857) (1,612,176) (3,082,917) (8,267,950) (1,352,487)
<br /> Principal retirements (1,795,000) (305,273) (2,100,273)
<br /> Interest paid (2,868,002) (4,765) (471,086) (3,343,853)
<br /> Contributions 89,701 89,701 12,832
<br /> Proceeds from sale of equipment 86,444
<br /> 10,000,000 10,000,000
<br /> Net cash used for capital and related financing activities (8,146,158) (1,612,176) (4,765) 6,140,724 (3,622,375) (1,253,211)
<br /> Cash flows from investing activities:
<br /> Interest on investments 219,444 27,110 56,675 303,229 213,021
<br /> Change in fair value of investments (14,736) (3,360) (18,096) (9,459)
<br /> Net cash provided by investing activities 204,708 23,750 56,675 285,133 203,562
<br /> Net increase(decrease)in cash and cash equivalents (2,258,726) 2,364,092 182,595 11,801,333 12,089,294 (160,985)
<br /> Cash and cash equivalents at beginning of year 24,181,467 5,336,968 464,857 18,016,712 48,000,004 23,529,801
<br /> Cash and cash equivalents at end of year 21,922,741 7,701,060 647,452 29,818,045 60,089,298 23,368,816
<br /> Reconciliation of Net Cash Flow from Operating Activities
<br /> Operating income(loss) 2,282,002 5,090,847 (1,147,733) 1,846,925 8,072,041 (2,087,746)
<br /> Adjustments to reconcile operating income to net cash
<br /> provided by operating activities:
<br /> Depreciation 2,639,551 544,154 580,047 1,143,174 4,906,926 1,184,383
<br /> Change in assets and liabilities:
<br /> Decrease(increase)in accounts receivable (283,411) (73,818) (12,872) (44,571) (414,672) (2,019)
<br /> Decrease(increase)in due from other governmental agencies (181,302) (861,226) (1,042,528) (87,856)
<br /> Decrease(increase)ininventory/prepaid expenses/deposits 2,115 30,870 (112,280) (79,295) 19,468
<br /> Increase(decrease)in vacation&sick leave payable 94,378 6,581 18,199 49,527 168,685 8,301
<br /> Increase(decrease)in accounts payable 738,061 (755,672) 27,720 (222,065) (211,956) 525,495
<br /> Increase(decrease)in customer deposits 107,573 4,870 (14,573) 97,870
<br /> Increase(decrease)in unearnedrevenue 120,711 120,711
<br /> Increase(decrease)in net OPEB obligation 4,397 1,652 755 30,426 37,230 7,056
<br /> Increase(decrease)in insurance claims payable 826,830
<br /> Total adjustments 3,121,362 (1,138,329) 649,589 950,349 3,582,971 2,481,658
<br /> Net cash provided by operating activities 5,403,364 3,952,518 (498,144) 2,797,274 11,655,012 393,912
<br /> Noncash investing,capital and financing activities:
<br /> Noncash capital contributions 398,044 398,044 157,502
<br /> Gain(loss)on disposal of equipment (42,702)
<br /> Increase(decrease)in investment in sewer authority 1,392,123 1,392,123
<br /> See accompanying notes to financial statements
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