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Indian River County, Florida <br />Statement of Cash Flows <br />Proprietary Funds <br />For the Year Ended September 30, 2017 <br />Business -type Activities - <br />Solid Waste <br />Disposal Golf <br />District Course <br />RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH <br />PROVIDED BY (USED IN) OPERATING ACTIVITIES: <br />Operating income (loss) $ (755,221) $ 557,768 <br />Adjustments to reconcile operating income to net cash <br />provided by (used in) operating activities: <br />WIP reclassified as expense <br />Depreciation <br />1,097,197 175,455 <br />(Increase) Decrease in assets: <br />Accounts receivable <br />(615,509) <br />(11,791) <br />Due from other funds <br />13,862 <br />- <br />Due from other governments <br />- <br />201 <br />Inventories <br />- <br />(12,271) <br />Impact fees receivable <br />- <br />- <br />Special assessments receivable <br />- <br />- <br />Liens receivable <br />- <br />- <br />Prepaid expenses <br />- <br />(1,250) <br />Increase (Decrease) in liabilities: <br />Accounts payable <br />688,323 <br />82,782 <br />Due to other governments <br />- <br />(2,761) <br />Retainage payable <br />- <br />- <br />Customer deposits <br />38,800 <br />- <br />Closure and maintenance costs payable <br />1,000,000 <br />- <br />Net pension liability <br />33,152 <br />28,957 <br />Unearned revenues <br />- <br />1,039 <br />Claims payable <br />- <br />- <br />Accrued compensated absences <br />(1,948) <br />104 <br />Total adjustments <br />2,253,877 <br />260,465 <br />Net cash provided by (used in) operating activities <br />$ 1,498,656 $ <br />818,233 <br />NONCASH CAPITAL AND RELATED <br />FINANCING ACTIVITIES <br />Change in fair value of investments $ 6,081 $ - <br />Contributed property, infrastructure, and equipment $ - $ - <br />Capital assets purchased through accounts payable $ 29,586 $ 5,000 <br />The accompanying notes are an integral part of the financial statements. <br />42 <br />