| 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, 2006 |
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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 |
$776,462 |
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8,667,157 |
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9,443,619
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| Cash paid for goods and services |
(207,979) |
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--- |
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(207,979) |
| Cash paid to or on behalf of employees for
services |
(576,710) |
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40,924 |
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(535,786) |
| Cash paid for health and dental claims |
--- |
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(6,787,361) |
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(6,787,361) |
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| NET CASH PROVIDED BY
(USED IN) OPERATING ACTIVITIES |
(8,227) |
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1,920,720
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1,912,493
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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 |
--- |
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--- |
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--- |
| NET CASH
USED IN CAPITAL AND RELATED |
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| FINANCING
ACTIVITIES |
--- |
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--- |
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--- |
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| INVESTING ACTIVITIES |
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| Investment Earnings, net of market
adjustment |
31,397 |
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--- |
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31,397 |
| NET CASH PROVIDED BY INVESTING ACTIVITIES |
31,397 |
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--- |
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31,397 |
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| NET INCREASE IN CASH AND
CASH EQUIVALENTS |
23,170
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1,920,720
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1,943,890
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| CASH AND CASH EQUIVALENTS
AT BEGINNING OF YEAR |
987,718 |
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2,906,650 |
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3,894,368
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| CASH AND CASH EQUIVALENTS
AT END OF YEAR |
$1,010,888
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4,827,370
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5,838,258
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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) |
($18,853) |
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1,759,503 |
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1,740,650
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| Adjustments to Reconcile Operating Income (Loss) to Net Cash |
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| Provided By (Used In) Operating
Activities |
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| Depreciation |
58,928 |
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--- |
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58,928 |
| Changes in Assets and Liabilities
- |
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| Increase in Accounts Receivable |
--- |
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(104,783) |
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(104,783) |
| Increase in
Miscellaneous Receivable |
--- |
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--- |
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| Increase in Inventory |
(24,188) |
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--- |
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(24,188) |
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Decrease in Prepaid Assets |
--- |
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--- |
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| Decrease in Accounts Payable and
Accrued Liabilities |
(34,470) |
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(23) |
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(34,493) |
| Increase in Compensated Absences
Liability |
1,356 |
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--- |
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1,356 |
| Increase in Deposits |
9,000 |
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--- |
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9,000 |
| Increase in Miscellaneous
Liability |
--- |
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225,099 |
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225,099
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| Increase in
Deferred Revenue |
--- |
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--- |
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--- |
| Miscellaneous Revenue |
--- |
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40,924 |
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40,924 |
| TOTAL ADJUSTMENTS |
10,626 |
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161,217 |
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171,843 |
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| NET CASH PROVIDED BY
(USED IN) OPERATING ACTIVITIES |
($8,227) |
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1,920,720 |
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1,912,493 |
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| NONCASH TRANSACTIONS |
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| Contributed
Capital Assets |
--- |
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--- |
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| Capitalized
Interest and Other Interest Adjustments |
--- |
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--- |
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| Loss from Assets
Retired |
--- |
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--- |
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| Effect of prior
period adjustment |
--- |
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--- |
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| Net Change in Net Assets from Non-cash
Transactions |
--- |
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--- |
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--- |
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$ --- |
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