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Cabarrus County, North Carolina
<br />Statement of Cash Flows
<br />Proprietary Funds
<br />For the Year Ended June 30, 2011
<br />Exhibit 8
<br />Cash flows from investing activities:
<br />Interest received on investments 9,192
<br />Net cash provided by investing activities 9,192
<br />Net increase (decrease) in cash and cash equivalents (383,184) (1,822,136)
<br />Cash and cash equivalents, July 1
<br />Business -type
<br />Governmental
<br />Cash and cash equivalents, June 30
<br />Activities-
<br />Activities -
<br />Reconciliation of operating income (loss) to net cash
<br />Landfill
<br />Internal
<br />provided by (used for) operating activities:
<br />Enterprise
<br />Service
<br />Operating income (loss)
<br />Fund
<br />Funds
<br />Cash flows from operating activities:
<br />Cash received from customers
<br />$ 933,785
<br />$
<br />Cash received from departments
<br />-
<br />7,694,508
<br />Cash paid to employees
<br />(473,726)
<br />-
<br />Cash paid to suppliers for goods and services
<br />(909,517)
<br />(10,538,920)
<br />Net cash used for operating activities
<br />(449,458)
<br />(2,844,412)
<br />Cash flows from non - capital and related financing activities:
<br />Other operating revenues
<br />362,969
<br />87,149
<br />Transfers from other funds
<br />-
<br />920,000
<br />Net cash provided by non - capital financing activities
<br />362,969
<br />1,007,149
<br />Cash flows from capital and related financing activities:
<br />(71,411)
<br />Acquisition of capital assets
<br />(306,962)
<br />15,127
<br />Proceeds from sale of capital assets
<br />1,075
<br />-
<br />Net cash used forcapital and related financing activities
<br />(305,887)
<br />15,127
<br />Cash flows from investing activities:
<br />Interest received on investments 9,192
<br />Net cash provided by investing activities 9,192
<br />Net increase (decrease) in cash and cash equivalents (383,184) (1,822,136)
<br />Cash and cash equivalents, July 1
<br />3,732,256
<br />6,265,908
<br />Cash and cash equivalents, June 30
<br />$ 3,349,072
<br />$ 4,443,772
<br />Reconciliation of operating income (loss) to net cash
<br />provided by (used for) operating activities:
<br />Operating income (loss)
<br />$ (454,377)
<br />$ (2,153,774)
<br />Adjustments not affecting cash:
<br />Depreciation expense
<br />401,072
<br />-
<br />Changes in assets and liabilities:
<br />(Increase) decrease in accounts receivable
<br />40,079
<br />235
<br />(Increase) decrease in customers receivable
<br />35,575
<br />-
<br />(Increase) decrease in prepaid rent
<br />-
<br />(29,059)
<br />Increase (decrease) in accounts payable and
<br />accrued liabilities
<br />2,333
<br />(661,814)
<br />Increase (decrease) in landfill closure and post closure care cost
<br />(418,994)
<br />Increase (decrease) in OPEB payable
<br />19,756
<br />Increase (decrease) in retainage payable
<br />(71,411)
<br />Increase (decrease) in compensated absences payable
<br />(3,491)
<br />Total adjustments
<br />4,919
<br />(690,638)
<br />Net cash provided by (used for) operating activities
<br />$ (449,458)
<br />$ (2,844,412)
<br />The notes to the financial statements are an integral part of this statement.
<br />Non -cash capital and related financing activities:
<br />Capital assets in the Business -type activities were increased by $23,740 for contributed assets
<br />34 Attachment number 1
<br />1 -3 Page 155
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