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126

City of Raleigh

Financial Section

COMBINING STATEMENT OF CASH FLOWS

INTERNAL SERVICE FUNDS

For the Fiscal Year Ended June 30, 2016

Public Utilities

Vehicle

Equipment

Fleet

Replacement

Services

Fund

Fund

Total

CASH FLOWS FROM OPERATING ACTIVITIES

Receipts from customers

3,412,269

$

12,112,415

$

74,069,594

$

Payments to employees

(4,306,186)

(4,705,394)

Payments to suppliers and service providers

(125,237)

(7,755,669)

(12,117,288)

Claims paid

-

(42,768,706)

Premiums paid

(1,611,462)

Other receipts

14,166

3,593

388,924

Other payments

(68,699)

-

(273,257)

Net cash provided by (used in) operating activities

3,232,499

54,153

12,982,411

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES

Operating subsidies and transfers from other funds

140,000

154,200

Operating subsidies and transfers to other funds

(50,753)

(573,953)

Internal activity - payments from (to) other funds

22,294

(33,835)

(13,729)

Net cash provided by (used in) noncapital financing activities

22,294

55,412

(433,482)

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES

Purchase and construction of capital assets

(5,730,695)

(10,223)

(14,689,895)

Reclass proceeds from prior capital debt

1,118,646

-

-

Principal paid on capital debt

(3,341,185)

-

(15,690,957)

Interest paid on capital debt

(152,560)

-

(535,050)

Proceeds from sale of capital assets

230,023

29,123

954,583

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

(7,875,771)

18,900

(29,961,319)

CASH FLOWS FROM INVESTING ACTIVITIES

Gain (loss) on investments held

24,789

-

315,669

Net cash provided by (used in) investing activities

24,789

-

315,669

Net increase (decrease) in cash and cash

equivalents/investments

(4,596,189)

128,465

(17,096,721)

Cash and cash equivalents/investments

Beginning of year

12,135,476

2,244,016

82,925,608

End of year

7,539,287

$

2,372,481

$

65,828,887

$

Reconciliation of operating income (loss) to net cash

provided by (used in) operating activities:

Operating income (loss)

1,240,149

$

(70,195)

$

(3,046,562)

$

Adjustments to reconcile operating income (loss) to net

cash provided by (used in) operating activities:

Depreciation expense

2,083,865

22,597

11,769,441

Miscellaneous nonoperating income

-

-

235,438

Change in assets and liabilities:

Sales tax receivable

(120,136)

(24,851)

108,446

Inventories

-

84,914

84,914

Accounts payable and other accrued liabilities

28,621

38,291

3,829,412

Decrease in pension asset

-

415,781

448,180

(Increase) decrease in deferred outflows of resources - pensions

-

64,044

69,034

Increase (decrease) in deferred inflows of resources - pensions

-

(820,533)

(884,470)

Increase in pension liability

-

300,264

323,661

Earned vacation pay and other payroll liabilities

-

43,841

44,917

Total adjustments

1,992,350

124,348

16,028,973

Net cash provided by (used in) operating activities

3,232,499

$

54,153

$

12,982,411

$

Noncash investing, capital, and financing activities

-

$

-

$

-

$

126