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Cabarrus County, North Carolina
<br />Statement of Cash Flows
<br />Proprietary Funds
<br />For the Year Ended June 30, 2012
<br />Exhibit 8
<br />Cash flows from non - capital and related financing activities:
<br />Transfers from other funds
<br />Business -type
<br />Governmental
<br />Activities-
<br />Activities -
<br />Landfill
<br />Internal
<br />2,000,000
<br />Enterprise
<br />Service
<br />Fund
<br />Funds
<br />Cash flows from operating activities:
<br />6,583
<br />Cash received from customers
<br />$ 1,086,454
<br />$ 96,067
<br />Cash received from departments
<br />-
<br />8,172,748
<br />Cash paid to employees
<br />(269,232)
<br />-
<br />Cash paid to suppliers for goods and services
<br />(639,489)
<br />(10,600,976)
<br />Net cash used for operating activities
<br />177,733
<br />(2,332,161)
<br />Cash flows from non - capital and related financing activities:
<br />Transfers from other funds
<br />2,000,000
<br />Net cash provided by non - capital financing activities
<br />-
<br />2,000,000
<br />Cash flows from investing activities:
<br />Interest received on investments
<br />6,583
<br />5,365
<br />Net cash provided by investing activities
<br />6,583
<br />5,365
<br />Net increase (decrease) in cash and cash equivalents
<br />184,316
<br />(326,796)
<br />Cash and cash equivalents, July 1
<br />3,349,072
<br />4,443,772
<br />Cash and cash equivalents, June 30
<br />$
<br />3,533,388
<br />$
<br />4,116,976
<br />Reconciliation of operating income (loss) to net cash
<br />provided by (used for) operating activities:
<br />Operating income (loss)
<br />$
<br />(392,321)
<br />$
<br />(2,919,446)
<br />Depreciation expense
<br />351,174
<br />-
<br />Other non - operating items
<br />366,491
<br />96,067
<br />(Increase) decrease in accounts receivable
<br />(409)
<br />(84,556)
<br />(Increase) decrease in customers receivable
<br />15,726
<br />-
<br />(Increase) decrease in prepaid rent
<br />-
<br />-
<br />Increase (decrease) in accounts payable and
<br />accrued liabilities
<br />5,051
<br />575,774
<br />Increase (decrease) in landfill closure and post closure care cost
<br />(173,914)
<br />-
<br />Increase (decrease) in OPEB payable
<br />7,487
<br />Increase (decrease) in compensated absences payable
<br />(1,552)
<br />-
<br />Total adjustments
<br />570,054
<br />587,285
<br />Net cash provided by (used for) operating activities
<br />$
<br />177,733
<br />$
<br />(2,332,161)
<br />Non -cash capital and related financing activities:
<br />Nonoperating expense - loss on disposal
<br />$
<br />(25,615)
<br />$
<br />-
<br />The notes to the financial statements are an integral part of this statement.
<br />34 Attachment number 1
<br />1 -3 Page 289
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