HomeMy Public PortalAbout378346STATEMENTS OF CASH FLOWS
Actual
2011
Cash flows from operating activities:
Received from customers 79,460,529$
Paid to employees for services (25,516,709)
Paid to suppliers for goods and services (26,874,233)
Net cash flows from operating activities 27,069,587$
Cash flows from capital & related financing activities:
Proceeds from capital contributions 83,249$
Taxes levied and collected for debt service and construction 100,358
Clean Water Capital Improvement Surcharge refunded -
Proceeds from sale of utility plant (48,948)
Proceeds from debt financing 1,235,861
Principal payments (5,000,670)
Interest and fees paid on bonds to be used for capital improvements (2,681,503)
Interest received on bond proceeds to be used for capital improvements 596,078
Payments for capital improvements (42,530,141)
Build America bonds tax credit 871,080
Net cash used in capital and related
financing activities (47,374,636)$
Cash flows from investing activities:
Purchase of investments (72,201,471)$
Proceeds from sale and maturity of investments 83,977,842
Investment income 2,481,113
Proceeds from rents 88,095
Net cash provided by investing activities 14,345,579$
Net increase (decrease) in cash and cash equivalents (5,959,470)$
Cash and cash equivalents at beginning of year 11,766,809$
Cash and cash equivalents at end of period 5,807,339$