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<br />42 <br /> <br />Indian River County, Florida <br />Statement of Cash Flows <br />Proprietary Funds <br />For the Year Ended September 30, 2019 <br /> <br /> <br /> <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) $ 1,106,430 $ 449,390 <br /> <br /> Adjustments to reconcile operating income to net cash <br /> provided by (used in) operating activities: <br /> <br /> Depreciation 1,142,536 240,790 <br /> Work in progress reclassified as expense - - <br /> (Increase) Decrease in assets: <br /> Accounts receivable 60,638 206 <br /> Due from other funds (1,570) - <br /> Due from other governments (51,219) (199) <br /> Inventories - (8,794) <br /> Impact fees receivable - - <br /> Special assessments receivable - - <br /> Liens receivable - - <br /> Prepaid expenses - (1,178) <br /> <br /> Increase (Decrease) in liabilities: <br /> Accounts payable 32,035 79,976 <br /> Due to other governments - (1,794) <br /> Retainage payable - - <br /> Customer deposits 10,500 - <br /> Closure and maintenance costs payable (5,960,496) - <br /> Net pension liability 62,214 54,706 <br /> Net OPEB liability (10,132) (2,994) <br /> Unearned revenues - 5,583 <br /> Claims payable - - <br /> Accrued compensated absences 272 1,794 <br /> <br />Total adjustments (4,715,222) 368,096 <br /> <br />Net cash provided by (used in) operating activities $ (3,608,792) $ 817,486 <br /> <br /> <br /> <br />NONCASH CAPITAL AND RELATED <br />FINANCING ACTIVITIES <br /> <br />Change in fair value of investments $ 266,220 $ 9,931 <br />Contributed property, infrastructure, and equipment $ - $ - <br />Capital assets purchased through accounts payable $ 436,295 $ 24,516 <br /> <br /> <br /> <br /> <br />The accompanying notes are an integral part of the financial statements.