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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 <br />