Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Statement of Cash Flows
All Internal Service Funds
For the fiscal year ended June 30, 2009
132
Information
Total
Technology Self-Insurance Self-Insurance internal
Vehicle Replacement Compre- Self-Insurance Self-Insurance Workers’ service
Management and Services hensive Bus Auto Compensation funds
Cash flows from operating activities:
Cash received from customers $ 9,064,153 1,861,426 5,808,904 1,871,600 745,193 6,772,607 26,123,883
Cash payments for materials and services (3,308,124) (1,764,651) (2,701,324) (404,267) (76,066) (759,073) (9,013,505)
Cash payments for claims and related expenses — — (1,836,332) (1,379,129) (426,965) (6,265,329) (9,907,755)
Cash payments to employees for services (2,659,769) — — — — (1,307,700) (3,967,469)
Other nonoperating revenue received 38,997 — 257 — — 34,353 73,607
Net cash provided by (used in) operating activities 3,135,257 96,775 1,271,505 88,204 242,162 (1,525,142) 3,308,761
Cash flows from noncapital financing activities:
Transfers in — — — — — 691,800 691,800
Transfers out — — (317,000) (275,000) (99,800) — (691,800)
Net cash provided by (used in) noncapital financing activities — — (317,000) (275,000) (99,800) 691,800 —
Cash flows from capital and related financing activities:
Acquisition and construction of capital assets (3,228,432) (455,140) — — — — (3,683,572)
Proceeds from sale of capital assets 108,699 — — — — — 108,699
Net cash used in capital and related financing activities (3,119,733) (455,140) — — — — (3,574,873)
Cash flows from investing activities – interest on investments 996,874 176,175 240,873 83,775 63,731 966,703 2,528,131
Net increase (decrease) in cash and cash equivalents 1,012,398 (182,190) 1,195,378 (103,021) 206,093 133,361 2,262,019
Cash and cash equivalents at beginning of year 26,117,277 4,587,608 7,383,425 2,180,484 1,682,238 25,130,456 67,081,488
Cash and cash equivalents at end of year $ 27,129,675 4,405,418 8,578,803 2,077,463 1,888,331 25,263,817 69,343,507
Cash and investments 27,129,675 4,405,418 8,578,803 2,077,463 1,888,331 25,263,817 69,343,507
Total cash and cash equivalents 27,129,675 4,405,418 8,578,803 2,077,463 1,888,331 25,263,817 69,343,507
Reconciliation of operating income (loss) to net cash
provided by (used in) operating activities:
Operating income (loss) $ 344,523 (137,230) 1,865,913 (954,401) 311,823 (2,970,510) (1,539,882)
Adjustments to reconcile operating income (loss) to net
cash provided by (used in) operating activities:
Add depreciation 2,560,513 252,104 — — — — 2,812,617
Change in assets and liabilities:
(Increase) in accounts receivable 48,345 1,931 — — — 17 50,293
(Increase) in prepaids — — 16,192 — — 10,104 26,296
Decrease in inventories 15,252 — — — — — 15,252
Increase (decrease) in accounts payable 73,474 (20,030) 652 76,820 (5,340) (35,187) 90,389
Increase in accrued liabilities 54,153 — — — — (70,617) (16,464)
(Decrease) in claims payable — — (611,509) 965,785 (64,321) 1,506,698 1,796,653
Other nonoperating revenue received 38,997 — 257 — — 34,353 73,607
Total adjustments 2,790,734 234,005 (594,408) 1,042,605 (69,661) 1,445,368 4,848,643
Net cash provided by (used in) operating activities $ 3,135,257
96,775 1,271,505 88,204 242,162 (1,525,142) 3,308,761
There were no significant noncash capital financing or investing activities for the year ended June 30, 2009.