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Statement 25
<br />Cabarrus County, North Carolina
<br />Internal Service Funds
<br />Combining Statement of Cash Flows
<br />For the Year Ended June 30, 2012
<br />Worker'sSelf-Insured
<br />CompensationHospitalization
<br />FundFundTotal
<br />Cash flows from operating activities:
<br />Cash received from departments-$ 8,172,748$ 8,172,748$
<br />Cash paid to suppliers for goods and services(350,000) (10,250,976) (10,600,976)
<br /> Net cash provided (used) by operating activities(350,000) (2,078,228) (2,428,228)
<br />Cash flows from non-capital related financing activities:
<br /> Other nooperating revenues- 96,067 96,067
<br />Transfers from other funds- 2,000,000 2,000,000
<br /> Net cash provided (used) by non-capital financing activities- 2,096,067 2,096,067
<br />Cash flows from investing activities:
<br />Interest received on investments- 5,365 5,365
<br /> Net cash provided (used) by investing activities- 5,365 5,365
<br />Net increase (decrease) in cash and cash equivalents(350,000) 23,204 (326,796)
<br />Cash and cash equivalents - July 1350,000 4,093,772 4,443,772
<br />Cash and cash equivalents - June 30-$ 4,116,976$ 4,116,976$
<br />Reconciliation of operating income to net cash
<br /> provided by operating activities:
<br />Operating income (loss)(350,000)$ (2,569,446)$ (2,919,446)$
<br />Adjustments to reconcile operating income to
<br /> net cash provided by operating activities:
<br />Changes in assets and liabilities:
<br />(Increase) in accounts receivable and prepaid expenses- (84,556) (84,556)
<br />Increase in accounts payable and accrued liabilities- 575,774 575,774
<br /> Total adjustments- 491,218 491,218
<br />Net cash provided (used) by operating activities(350,000)$ (2,078,228)$ (2,428,228)$
<br />107
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