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City of Muskegon
Internal Service Funds
COMBINING STATEMENT OF CASH FLOWS
Year Ended December 31, 2003
Engineering General Public Service Combined
Services Equipment Insurance Building Totals
Cash flows from operating activities
Receipts from customers 9,341
$ $ 114,885
$ 127,635
$ - $ 251,861
Receipts for internal services provided 516,169
2,299,746
2,449,390
612,780
5,878,085
Payments to suppliers (143,594)
(1,056,986)
(3,716,107)
(281,372)
(5,198,059)
Payments to employees (316,022)
(381,152)
(25,106)
(161,460)
(883,740)
Payments to internal service funds (82,013)
(243,599)
(9,386)
(33,643)
(368,641)
Net cash provided by (used for) operating activities (16,119)
732,894
(1,173,574)
136,305
(320,494)
Cash flows from noncapital financing activities
Transfers in - -
1,179,938
- 1,179,938
Cash flows from capital and related financing activities
Acquistion and construction of capital assets - (489,448)
- (12,356)
(501,804)
Proceeds from sale of capital assets - 23,401
- - 23,401
Net cash used for capital and related
financing activities - (466,047)
- (12,356)
(478,403)
Cash flows from investing activities
Interest and dividends on investments 1,788
12,813
11,560
315
26,476
Net increase (decrease) in cash and cash
equivalents (14,331)
279,660
17,924
124,264
407,517
Cash and cash equivalents at beginning of year 101,200
657,212
884,953
- 1,643,365
Cash and cash equivalents at end of year 86,869
$ $ 936,872
$ 902,877
124,264
$ 2,050,882
$
Reconciliation of operating income (loss) to net cash
provided by (used for) operating activities
Operating income (loss) $ (28,401)
$ 125,326
$ (957,372)
73,240
$ $ (787,207)
Adjustments to reconcile operating income (loss) to
net cash provided by (used for) operating activities
Depreciation and amortization 2,205
632,139
- 69,920
704,264
(Increase) decrease in
Accounts receivable 3,033
19,881
(120,247)
- (97,333)
Inventories - (3,985)
- - (3,985)
Prepaid items (44)
(3,716)
- (332)
(4,092)
Increase (decrease) in
Accounts payable 6,920
(40,100)
(94,247)
(5,372)
(132,799)
Accrued payroll 460
1,515
(296)
1,588
3,267
Due to other funds - -
- (1,018)
(1,018)
Compensated absences payable (292)
1,834
(1,412)
(1,721)
(1,591)
Net cash provided by (used for) operating activities $ (16,119)
$ 732,894
(1,173,574)
$ 136,305
$ $ (320,494)