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City of Muskegon
Internal Service Funds
COMBINING STATEMENT OF CASH FLOWS
Year Ended December 31, 2002
Engineering General Public Service Combined
Services Equipment Insurance Building Totals
Cash flows from operating activities
Receipts from customers 26,004
$ $ 86,181
$ 151,517
$ - $ 263,702
Receipts for internal services provided 488,232
2,231,064
2,236,965
612,766
5,569,027
Payments to suppliers (136,081)
(819,269)
(3,534,962)
(313,815)
(4,804,127)
Payments to employees (339,090)
(351,279)
(33,973)
(154,312)
(878,654)
Payments to internal service funds (85,032)
(228,301)
(11,148)
(144,639)
(469,120)
Net cash provided by (used for) operating activities (45,967)
918,396
(1,191,601)
- (319,172)
Cash flows from noncapital financing activities
Operating transfers in - -
1,206,722
- 1,206,722
Net cash provided by (used for) noncapital financing
activities - -
1,206,722
- 1,206,722
Cash flows from capital and related financing activities
Acquistion and construction of capital assets - (732,328)
- - (732,328)
Proceeds from sale of capital assets - 93,170
- - 93,170
Net cash provided by (used for) capital and related
financing activities - (639,158)
- - (639,158)
Cash flows from investing activities
Interest and dividends on investments 3,000
10,123
14,466
- 27,589
Net cash provided by investing activities 3,000
10,123
14,466
- 27,589
Net increase (decrease) in cash and cash
equivalents (42,967)
289,361
29,587
- 275,981
Cash and cash equivalents at beginning of year 144,167
367,851
855,366
- 1,367,384
Cash and cash equivalents at end of year 101,200
$ $ 657,212
$ 884,953
$ - 1,643,365
$
Reconciliation of operating income (loss) to net cash
provided by (used for) operating activities
Operating income (loss) $ (26,368)
$ 193,286
(1,343,733)
$ 35,174
$ (1,141,641)
$
Adjustments to reconcile operating income (loss) to
net cash provided by (used for) operating activities
Depreciation and amortization 2,205
682,278
- 68,494
752,977
(Increase) decrease in
Accounts receivable (1,210)
(12,141)
- - (13,351)
Inventories - 13,448
- - 13,448
Prepaid items (283)
(1,104)
- (315)
(1,702)
Increase (decrease) in
Accounts payable (3,154)
42,716
151,776
7,394
198,732
Accrued payroll (1,469)
(2,399)
147
52
(3,669)
Due to other funds - -
- (109,739)
(109,739)
Compensated absences payable (15,688)
2,312
209
(1,060)
(14,227)
Net cash provided by (used for) operating activities $ (45,967)
$ 918,396
(1,191,601)
$ $ - $ (319,172)