| TOWN OF CARY, NORTH CAROLINA |
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| INTERNAL
SERVICE FUNDS |
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| COMBINING
STATEMENT OF CASH FLOWS |
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| For
the Year Ended June 30, 2007 |
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| Schedule 16 |
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Garage |
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Health |
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Service |
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Insurance |
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Total |
| OPERATING ACTIVITIES |
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| Cash received from customers |
$965,581 |
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9,048,845 |
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10,014,426
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| Cash paid for goods and services |
(281,920) |
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--- |
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(281,920) |
| Cash paid to or on behalf of employees for
services |
(616,357) |
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446,567 |
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(169,790) |
| Cash paid for health and dental claims |
--- |
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(7,780,846) |
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(7,780,846) |
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| NET CASH PROVIDED BY
OPERATING ACTIVITIES |
67,304 |
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1,714,566
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1,781,870
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| NONCAPITAL FINANCING ACTIVITIES |
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| Transfers In
(Out) |
--- |
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--- |
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--- |
| Receipt of Gas
Tax Refunds |
--- |
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--- |
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--- |
| NET CASH PROVIDED BY NONCAPITAL FINANCING |
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| ACTIVITIES |
--- |
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--- |
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--- |
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| CAPITAL AND RELATED
FINANCING ACTIVITIES |
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| Acquisition and
Construction of Capital Assets |
--- |
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--- |
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--- |
| Proceeds from Sale of Assets |
6,788 |
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--- |
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6,788 |
| NET CASH USED IN CAPITAL AND
RELATED |
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| FINANCING ACTIVITIES |
6,788 |
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--- |
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6,788 |
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| INVESTING ACTIVITIES |
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| Investment Earnings, net of market
adjustment |
50,250 |
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--- |
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50,250 |
| NET CASH PROVIDED BY
INVESTING ACTIVITIES |
50,250 |
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--- |
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50,250 |
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| NET INCREASE IN CASH AND
CASH EQUIVALENTS |
124,342
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1,714,566
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1,838,908
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| CASH AND CASH EQUIVALENTS
AT BEGINNING OF YEAR |
1,010,888 |
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4,827,370 |
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5,838,258
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| CASH AND CASH EQUIVALENTS
AT END OF YEAR |
1,135,230
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6,541,936
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7,677,166
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| RECONCILIATION OF
OPERATING LOSS TO NET CASH |
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| USED IN OPERATING
ACTIVITIES |
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| Operating Income |
$30,731 |
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1,509,402 |
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1,540,133
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| Adjustments to Reconcile Operating Income to Net Cash |
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| Provided By Operating Activities |
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| Depreciation |
50,876 |
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--- |
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50,876 |
| Changes in Assets and Liabilities
- |
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| Decrease (Increase) in Accounts
Receivable |
(19,575) |
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3,266 |
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(16,309) |
| Increase in
Miscellaneous Receivable |
--- |
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--- |
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| Decrease in Inventory |
12,100 |
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--- |
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12,100 |
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Decrease in Prepaid Assets |
--- |
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--- |
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| Decrease in Accounts Payable and
Accrued Liabilities |
(9,602) |
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--- |
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(9,602) |
| Increase in Compensated Absences
Liability |
2,774 |
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--- |
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2,774 |
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Increase in Deposits |
--- |
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--- |
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--- |
| Decrease in Miscellaneous
Liability |
--- |
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(244,669) |
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(244,669) |
| Increase in
Deferred Revenue |
--- |
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--- |
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--- |
| Miscellaneous Revenue |
--- |
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446,567 |
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446,567 |
| TOTAL ADJUSTMENTS |
36,573 |
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205,164 |
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241,737 |
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| NET CASH PROVIDED BY
OPERATING ACTIVITIES |
$67,304 |
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1,714,566 |
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1,781,870 |
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| NONCASH TRANSACTIONS |
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| Contributed
Capital Assets |
--- |
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--- |
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| Capitalized
Interest and Other Interest Adjustments |
--- |
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--- |
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| Loss from Assets
Retired |
--- |
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--- |
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| Effect of prior
period adjustment |
--- |
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| Net Change in Net Assets from Non-cash
Transactions |
--- |
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--- |
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$ --- |
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