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125

City of Raleigh

Financial Section

COMBINING STATEMENT OF CASH FLOWS

INTERNAL SERVICE FUNDS

For the Fiscal Year Ended June 30, 2016

Solid Waste

Employees'

Governmental

Services

Risk

Health

Equipment

Equipment

Management

Benefits

Replacement

Replacement

Fund

Fund

Fund

Fund

CASH FLOWS FROM OPERATING ACTIVITIES

Receipts from customers

9,533,682

$

38,005,656

$

6,168,052

$

4,837,520

$

Payments to employees

(399,208)

-

-

Payments to suppliers and service providers

(811,062)

(3,461,779)

(3,660)

40,119

Claims paid

(4,373,295)

(38,395,411)

-

-

Premiums paid

(1,611,462)

-

Other receipts

106,705

129,082

135,378

-

Other payments

-

(189,711)

(14,847)

Net cash provided by (used in) operating activities

2,445,360

(3,722,452)

6,110,059

4,862,792

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES

Operating subsidies and transfers from other funds

-

-

14,200

-

Operating subsidies and transfers to other funds

(523,200)

-

-

Internal activity - payments from (to) other funds

-

(2,188)

Net cash provided by (used in) noncapital financing activities

(523,200)

-

12,012

-

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES

Purchase and construction of capital assets

-

-

(6,961,387)

(1,987,590)

Reclass proceeds from prior capital debt

-

-

84,330

(1,202,976)

Principal paid on capital debt

-

-

(7,246,697)

(5,103,075)

Interest paid on capital debt

-

-

(247,877)

(134,613)

Proceeds from sale of capital assets

-

-

391,057

304,380

Net cash provided by (used in) capital and related financing activities

-

(13,980,574)

(8,123,874)

CASH FLOWS FROM INVESTING ACTIVITIES

Gain (loss) on investments held

250,929

8,109

25,967

5,875

Net cash provided by (used in) investing activities

250,929

8,109

25,967

5,875

Net increase (decrease) in cash and cash

equivalents/investments

2,173,089

(3,714,343)

(7,832,536)

(3,255,207)

Cash and cash equivalents/investments

Beginning of year

38,292,657

10,278,734

14,625,622

5,349,103

End of year

40,465,746

$

6,564,391

$

6,793,086

$

2,093,896

$

Reconciliation of operating income (loss) to net cash

provided by (used in) operating activities:

Operating income (loss)

(1,277,810)

$

(4,029,600)

$

(408,732)

$

1,499,626

$

Adjustments to reconcile operating income (loss) to net

cash provided by (used in) operating activities:

Depreciation expense

-

-

6,340,432

3,322,547

Miscellaneous nonoperating income

106,705

128,733

-

-

Change in assets and liabilities:

Sales tax receivable

79

-

212,735

40,619

Inventories

-

-

-

-

Accounts payable and other accrued liabilities

3,618,461

178,415

(34,376)

-

Decrease in pension asset

32,399

-

-

-

(Increase) decrease in deferred outflows of resources - pensions

4,990

-

-

-

Increase (decrease) in deferred inflows of resources - pensions

(63,937)

-

-

-

Increase in pension liability

23,397

-

-

-

Earned vacation pay and other payroll liabilities

1,076

-

-

-

Total adjustments

3,723,170

307,148

6,518,791

3,363,166

Net cash provided by (used in) operating activities

2,445,360

$

(3,722,452)

$

6,110,059

$

4,862,792

$

Noncash investing, capital, and financing activities

-

$

-

$

-

$

-

$

125