Page 30 - MVU Annual Report 2017/18

city of moreno valley, california
Statement of Net Position
Proprietary Funds

For the Year Ended June 30, 2018

Enterprise Fund -
ELECTRIC
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from customers $31,692,033
Payments to suppliers (28,063,163)
Payments to employees (960,752)
Cash paid for claims
Net cash provided by operating activities 2,668,118

CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
Cash tranfers in
Cash transfers out (300,000)
Net cash used by noncapital financing activities (300,000)

CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES
Acquisition and construction of capital assets (5,989,879)
Proceeds from the sale or disposition of capital assets
Engineering plan check fees 411,328
Principal paid on capital debt (1,158,000)
Interest paid on capital debt (1,493,801)
Net cash used by capital and related financing activities (8,230,352)

CASH FLOWS FROM INVESTING ACTIVITIES
Interest received 47,572
Net cash provided by investing activities 47,572
Net increase (decrease) in cash and cash equivalents (5,814,662)
Balances - beginning of year 19,085,653
Balances - end of the year $13,270,991

RECONCILIATION OF OPERATING INCOME
TO NET CASH PROVIDED (USED)
BY OPERATING ACTIVITIES:
Operating Income $6,532,800
Adjustments to reconcile operating income to net cash provided
(used) by operating activities:
Depreciation 1,236,411
(Increase) decrease in accounts receivables 367,040
(Increase) decrease in prepaid costs (2,605)
(Increase) decrease in deferred outflows related to pension 42,908
(Increase) decrease in deferred outflows related to OPEB (6,698)
(Increase) decrease in deferred outflows - utility network (3,952,907)
(Increase) decrease in inventories (11,496)
Increase (decrease) in accounts payable (2,040,636)
Increase (decrease) in unearned revenue (576)
Increase (decrease) in deposit payable 441,198
Increase (decrease) in self-insurance payable
Increase (decrease) in net pension liability 266,851
Increase (decrease) in OPEB liability 6,686
Increase (decrease) in deferred inflows related to pension (182,811)
Increase (decrease) in deferred inflows related to OPEB (5,377)
Increase (decrease) in compensated absences (22,670)
Net cash provided by operating activities $2,668,118
Noncash capital and related financing activities:
Contributed capital - donated infrastructure $3,098,784

MVU Ann ual Repor t | 30