Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Statement of Cash Flows
Proprietary Funds
For the fiscal year ended June 30, 2009
31
Total
Nonmajor Total internal
Big Blue enterprise enterprise service
Wastewater Bus funds funds funds
Cash flows from operating activities:
Cash received from customers $ 14,174,795 14,391,300 50,769,332 79,335,427 26,123,883
Cash payments for materials and services (12,344,367) (17,315,637) (31,393,395) (61,053,399) (9,013,505)
Cash paid for claims and related services — — — — (9,907,755)
Cash payments to employees for services (2,048,364) (34,700,741) (18,859,997) (55,609,102) (3,967,469)
Other revenue received 339,144 2,408,943 1,367,784 4,115,871 73,607
Net cash provided by operating activities 121,208 (35,216,135) 1,883,724 (33,211,203) 3,308,761
Cash flows from noncapital financing activities:
Sales tax proceeds — 35,902,303 — 35,902,303 —
Advances from other funds — — 1,599,262 1,599,262 —
Repayment of advances made to other funds 6,514,322 — 520,298 7,034,620 —
Repayment of advances received from other funds (6,500,000) — — (6,500,000) —
Transfers in 7,237,304 538,597 8,244,511 16,020,412 691,800
Transfers out (833,700) (387,300) (8,692,395) (9,913,395) (691,800)
Net cash provided by noncapital
financing activities 6,417,926 36,053,600 1,671,676 44,143,202 —
Cash flows from capital and related financing activities
Capital contributions received — 50,410,034 — 50,410,034 —
Acquisition and construction of capital assets (11,082,213) (39,333,970) (3,138,348) (53,554,531) (3,683,572)
Proceeds from sale of capital assets (55,077) 8,766 204,041 157,730 108,699
Reduction in long-term obligations (1,239,486) — (259,830) (1,499,316) —
Payments due to other governments 2,700,000 — (534,129) 2,165,871 —
Interest paid on long-term obligations (1,237,459) — (522,533) (1,759,992) —
Net cash used in capital
and related financing activities (10,914,235) 11,084,830 (4,250,799) (4,080,204) (3,574,873)
Cash flows from investing activities – interest received
on investments 934,394 578,904 2,023,162 3,536,460 2,528,131
Net cash provided by investing activities 934,394 578,904 2,023,162 3,536,460 2,528,131
Net increase (decrease) in cash and cash equivalents (3,440,707) 12,501,199 1,327,763 10,388,255 2,262,019
Cash and cash equivalents at beginning of year 28,078,042 16,644,522 51,574,174 96,296,738 67,081,488
Cash and cash equivalents at end of year $ 24,637,335 29,145,721 52,901,937 106,684,993 69,343,507
Cash and investments $ 22,799,350 24,472,034 41,376,283 88,647,667 69,343,507
Restricted cash and investments 1,837,985 4,673,686 11,525,654 18,037,325 —
Total cash and cash equivalents $ 24,637,335 29,145,720 52,901,937 106,684,992 69,343,507
(Continued)