|
Metropolitan Wastewater Management Commission
<br />COMPARATIVE STATEMENTS OF .CASH FLOWS
<br />For the years ended Tune 30;
<br />Cash flows from operating activities:
<br />Cash received from customers $ 15,760,901 $ 10,808,462
<br />j Cash paid for employee services (708,158) (650,895)
<br />' - Cash paid to suppliers for goods and services (10,650,003) (7,922,192)
<br />Other operating receipts
<br />1 12,096 140,266
<br />-Net cash provided by operating activities 4,414,836 2,375,641
<br />~ Cash flows from ca ~tal and related fmancin activities:
<br />~ P g
<br />' Acquisition and construction of capital assets (2,378,545) (7,642,507)
<br />' ' Tap fees (Reimbursement System Development Charges) 487,177 1,734,372
<br />j Tap fees (Improvement System Development Charges)
<br />:, 1,521,610 151,235
<br />1
<br />', Net cash used in capital and related fmancing activities (369.,758) (5,756,9.00)
<br />I
<br />Cash flows from investing activities:
<br />I "'; Interest received 473,158 235,367
<br />~ Lease income ~
<br />I 38,104 38,104
<br />Net cash provided by investing activities 511,262 273,471
<br />NET INCREASE/(DECREASE) IN CASH AND INVESTMENTS 4,556,340 (3,107,788)
<br />' Cash and investments, beginning of year 22,817,857 25,925,647
<br />Cash and investments, end of year $ 27,374,198 $ 22,817,857
<br />'' Statement of Net Asset captions are as follows:
<br />Cash and investments $ 20,882,811 $_ 16,678,618
<br />Restricted assets- cash and investments 6,491,387 6,139,239
<br />:.? $ 27,374,198 $ 22,817,857
<br />I'
<br />`` Reconciliation of operating ]oss to net cash provided
<br />
<br />by operating activities
<br />~ _,
<br />j:, !, Operating loss $ (336,187) $ (3,959,023)
<br />` " " Adjustments to reconcile operating loss to net
<br />cash provided by operating activities:
<br />L j,; Depreciation 4,518,480 4,855,506
<br />j Changes in assets and liabilities:
<br />Accounts receivable 732,664 (414,644)
<br />Prepaid expenses (145) - (68,560)
<br />~~ ',' Accounts and contracts payable (507,973) 1,988,064
<br />Accrued payroll and other liabilities 2,693 (22,384)
<br />Due to other. government 6,470 (294)
<br />Deposits - (210)
<br />` .. Deferred revenue (1,166) (2,814)
<br />;:
<br />Net cash provided by operating activities
<br />~.
<br />$ 4,414,836
<br />$
<br />2,375,64.1
<br />
<br />The accompanying notes are an integral part of these statements.
<br />~~: ~~
<br />~,
<br />
<br />12
<br />i,
<br />i.
<br />
|