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Exhibit 8
<br />Cabarrus County, North Carolina
<br />Statement of Cash Flows
<br />Proprietary Funds
<br />For the Year Ended June 30, 2009
<br /> Business-type Governmental
<br /> Activities- Activities-
<br /> Landfill Internal
<br /> Enterprise Service
<br /> Fund Funds
<br />Cash flows from operating activities:
<br />Cash received from customers $ 1,621,341 $ -
<br />Cash received from departments - 7,245,118
<br />Cash paid to employees (507,626) -
<br />Cash paid to suppliers for goods and services (801,684) (6,729,295)
<br />Net cash provided by (used for) operating activities 312,031 515,823
<br />Cash flows from capital and related financing activities:
<br />Acquisition of capital assets (620,205) -
<br />Net cash provided by (used for) capital and related financing activities (620,205) -
<br />Cash flows from investing activities:
<br />Interest received on investments 78,680 56,879
<br />Net cash provided by (used for) investing activities 78,680 56,879
<br />Net increase (decrease) in cash and cash equivalents (229,494) 572,702
<br />Cash and cash equivalents, July 1 5,630,733 3,942,133
<br />Cash and cash equivalents, June 30 $ 5,401,239 $ 4,514,835
<br />Reconciliation of operating income (loss) to net cash
<br />provided by (used for) operating activities:
<br />Operating income (loss) $ (133,339) $ 521,715
<br />Adjustments not affecting cash:
<br />Depreciation expense 325,369 -
<br />Landfill closure and post closure care cost 192,241 -
<br />Changes in assets and liabilities:
<br />(Increase) decrease in accounts receivable 3,719 (795)
<br />(Increase) decrease in customers receivable 40,634 -
<br />(Increase) decrease in prepaid rent - 104
<br />(Increase) decrease in due from other governments (22,858) -
<br />Increase (decrease) in accounts payable and
<br />accrued liabilities (62,196) (5,201)
<br />Increase (decrease) in OPEB payable 17,364 -
<br />Increase (decrease) in retainage payable (42,040) -
<br />Increase (decrease) in compensated absences payable (6,864) -
<br />Total adjustments 445,369 (5,892)
<br />Net cash provided by (used for) operating activities $ 312,030 $ 515,823
<br />Noncash operating activities:
<br />Closure/postclosure costs per Exhibit #7 $ 328,595 $ -
<br />Cash paid to suppliers in operating activities (136,354) -
<br />Total noncash change in landfill closure and postclosure $ 192,241 $ -
<br />The notes to the financial statements are an integral part of this statement.
<br />34 Attachment number 3
<br />G-8 Page 307
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