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Examples from GASB Statement 34 - Statement of Cash Flows

Examples from GASB Statement 34 included in this bulletin, copyright by the Governmental Accounting Standards Board, 401 Merritt 7, Norwalk, CT 06856 are reprinted by permission.

Sample City Statement of Cash Flows Proprietary Funds For the Year Ended December 31, 2002
  Business-Type Activities Enterprise Funds Governmental Activities
  Water and Sewer Parking Facilities Totals Internal Service Funds
CASH FLOWS FROM OPERATING ACTIVITIES        
     Receipts from customers $  11,400,200 $ 1,345,292 $  12,745,492 $   15,326,343
     Payments to suppliers (2,725,349) (365,137) (3,090,486) (2,812,238)
     Payments to employees (3,360,055) (750,828) (4,110,883) (4,209,688)
     Internal activity - payments to other funds (1,296,768)   (1,296,768)  
     Claims paid       (8,482,451)
     Other receipts (payments) ( 2,325,483)                   ( 2,325,483)   1,061,118
          Net cash provided by operating activities    1,692,545      229,327    1,921,872      883,084
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES:        
    Operating subsidies and transfers to other funds     (290,000)     (211,,409)     (501,409)     (175,033)
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES:        
     Proceeds from capital debt 4,041,322 8,660,778 12,702,100  
     Capital contributions 1,645,919   1,645,919  
     Purchases of capital assets (4,194,035) (144,716) (4,338,751) (400,086)
     Principal paid on capital debt (2,178,491) (8,895,000) (11,073,491) (954,137)
     Interest paid on capital debt (1,479,708) (1,166,546) (2,646,254) 41,616
Other receipts (payments)                         19,174         19,174       131,416
          Net cash (used) by capital and related financing           activities  (2,164,993)  (1,526,310)   (3,691,303)   (1,264,423)
CASH FLOWS FROM INVESTING ACTIVITIES        
     Proceeds from sales and maturities of investments       15,684
     Interest and dividends      454,793      143,747       598,540       129,550
         Net cash provided by investing activities      454,793 143,747 598,540 145,234
              Net (decrease) in cash and cash equivalents    (307,655)  (1,364,645) (1,672,300) (411,138)
Balances - beginning of the year    8,724,308    3,227,135  11,951,443   3,747,237
Balances - end of the year $ 8,416,653 $ 1,862,490 $10,279,143 $ 3,336,099
         
 
Reconciliation of operating income (loss) to net cash provided (used) by operating activities:        
Operating income (loss)

$ 4,422,127

$ (238,804)

$ 4,183,323

$   (540,532)
Adjustments to reconcile operating income to net cash provided (used) by operating activities:        
     Depreciation expense

1,163,140

542,049

1,705,189

1,707,872
Change in assets and liabilities:        
Receivables, net

653,264

1,205

654,469

31,941
     Inventories

2,829

  

2,829

39,790
     Accounts and other payables

(297,446)

(86,643)

(384,089)

475,212
     Accrued expenses

 (4,251,369)

      11,520

(4,239,849)

   (831,199)
Net cash provided by operating activities

$ 1,692,545

$   229,327

$ 1,921,872

$   883,084

Note: The required information about noncash investing, capital, and financing activities is not illustrated.