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Statement 28
<br />Cabarrus County, North Carolina
<br />Internal Service Funds
<br />Combining Statement of Cash Flows
<br />For the Year Ended June 30, 2010
<br />103
<br />G_2 Page 593
<br />Worker's
<br />Self- Insured
<br />Compensation
<br />Hospitalization
<br />Fund
<br />Fund
<br />Total
<br />Cash flows from operating activities:
<br />$
<br />$ 7,758,708
<br />$ 7,758,708
<br />Cash received from departments
<br />Cash paid to suppliers for goods and services
<br />(396,283)
<br />(7,619,981)
<br />(8,016,264)
<br />Net cash provided by operating activities
<br />(396,283)
<br />138,727
<br />(257,556)
<br />Cash flows from non - capital financing activities:
<br />Transfers from other funds
<br />Net cash provided by non - capital financing activities
<br />1,000,000
<br />1,000,000
<br />2,000,000
<br />Cash flows from investing activities:
<br />2,591
<br />6,038
<br />8,629
<br />Interest received on investments
<br />Net cash provided by investing activities
<br />2,591
<br />6,038
<br />8,629
<br />Net increase (decrease) in cash and cash equivalents
<br />606,308
<br />1,144,765
<br />1,751,073
<br />Cash and cash equivalents - July 1
<br />1,394,330
<br />3,120,505
<br />4,514,835
<br />Cash and cash equivalents - June 30
<br />$ 2,000,638
<br />$ 4,265,270
<br />$ 6,265,908
<br />Reconciliation of operating income to net cash
<br />provided by operating activities:
<br />Operating (loss)
<br />$ (890,117)
<br />$ (57,171)
<br />$ (947,288)
<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 rent
<br />-
<br />(3,997)
<br />(3,997)
<br />Increase in accounts payable and accrued liabilities
<br />493,834
<br />199,895
<br />693,729
<br />Total adjustments
<br />493,834
<br />195,898
<br />689,732
<br />Net cash provided (used) by operating activities
<br />$ (396,283)
<br />$ 138,727
<br />$ (257,556)
<br />103
<br />G_2 Page 593
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