| 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, 2005 |
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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 |
$675,130 |
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8,295,898 |
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8,971,028 |
| Cash paid for goods and services |
(194,178) |
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--- |
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(194,178) |
| Cash paid to or on behalf of employees for
services |
(598,499) |
|
99,360 |
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(499,139) |
| Cash paid for health and dental claims |
--- |
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(7,289,016) |
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(7,289,016) |
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| NET CASH PROVIDED BY
(USED IN) OPERATING ACTIVITIES |
(117,547) |
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1,106,242 |
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988,695 |
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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 |
(19,309) |
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--- |
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(19,309) |
| Proceeds from Sale of Assets |
5,834 |
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--- |
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5,834 |
| NET CASH USED IN CAPITAL AND
RELATED |
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| FINANCING ACTIVITIES |
(13,475) |
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--- |
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(13,475) |
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| INVESTING ACTIVITIES |
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| Investment Earnings, net of market
adjustment |
19,564 |
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--- |
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19,564 |
| NET CASH PROVIDED BY INVESTING ACTIVITIES |
19,564 |
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--- |
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19,564 |
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| NET INCREASE (DECREASE)
IN CASH AND CASH EQUIVALENTS |
(111,458) |
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1,106,242 |
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994,784 |
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| CASH AND CASH
EQUIVALENTS AT BEGINNING OF YEAR |
1,099,176 |
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1,800,408 |
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2,899,584 |
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| CASH AND CASH
EQUIVALENTS AT END OF YEAR |
$987,718 |
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2,906,650 |
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3,894,368 |
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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 (Loss) |
($150,190) |
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1,302,260 |
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1,152,070 |
| Adjustments to Reconcile Operating Income (Loss) to Net Cash |
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| Provided By (Used In) Operating
Activities |
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| Depreciation |
63,001 |
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--- |
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63,001 |
| Changes in Assets and Liabilities
- |
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| Increase in Accounts Receivable |
--- |
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(49,818) |
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(49,818) |
| Increase in
Miscellaneous Receivable |
--- |
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--- |
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| Increase in Inventory |
(50,386) |
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--- |
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(50,386) |
| Decrease in Prepaid Assets |
--- |
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58,990 |
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58,990 |
| Increase (Decrease) in Accounts
Payable |
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| and Accrued Liabilities |
16,331 |
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(36) |
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16,295 |
| Increase in Compensated Absences
Liability |
3,697 |
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--- |
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3,697 |
| Decrease in Miscellaneous
Liability |
--- |
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(304,514) |
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(304,514) |
| Increase in
Deferred Revenue |
--- |
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--- |
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--- |
| Miscellaneous Revenue |
--- |
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99,360 |
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99,360 |
| TOTAL ADJUSTMENTS |
32,643 |
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(196,018) |
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(163,375) |
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| NET CASH PROVIDED BY
(USED IN) OPERATING ACTIVITIES |
($117,547) |
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1,106,242 |
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988,695 |
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| NONCASH TRANSACTIONS |
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| Contributed Capital Assets |
($1,647) |
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--- |
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(1,647) |
| Capitalized
Interest and Other Interest Adjustments |
--- |
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--- |
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| Loss from Assets
Retired |
--- |
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--- |
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| Effect of prior
period adjustment |
--- |
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--- |
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| Net Change in Net Assets from Non-cash
Transactions |
1,647 |
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--- |
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1,647 |
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$
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