Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Statement of Cash Flows, Continued
Proprietary Funds
For the fiscal year ended June 30, 2009
32
Total
Nonmajor Total internal
Big Blue enterprise enterprise service
Wastewater Bus funds funds funds
Reconciliation of operating income (loss) to net
cash provided by (used in) operating activities:
Operating income (loss) $ (4,685,081) (54,519,936) (2,731,782) (61,936,799) (1,539,882)
Adjustments to reconcile operating income
(loss) to net cash provided by (used in)
operating activities:
Add depreciation 6,130,488 17,351,484 2,911,260 26,393,232 2,812,617
Change in assets and liabilities:
(Increase) decrease in accounts receivable 13,207 — 62,710 75,917 50,293
(Increase) decrease in prepaids 3,184 (23,588) (7,292) (27,696) 26,296
(Increase) decrease in inventory — (74,888) 270,839 195,951 15,252
Increase (decrease) in accounts payable (2,028,386) (355,355) (453,018) (2,836,759) 90,389
Increase (decrease) in deferred revenue 17,004 262,245 279,249 —
Increase (decrease) in accrued liabilities (79,141) 75,467 63,384 59,710 (16,464)
Increase (decrease) in deposits 410,000 (30) (169,330) 240,640 —
Increase (decrease) in contracts payable — — 272,196 272,196 —
Increase (decrease) in claims payable — — — — 1,796,653
Increase (decrease) in accrued
noncurrent liabilities 789 (78,232) 34,728 (42,715) —
Other nonoperating revenue received 339,144 2,408,943 1,367,784 4,115,871 73,607
Total adjustments 4,806,289 19,303,801 4,615,506 28,725,596 4,848,643
Net cash provided by (used in)
operating activities $ 121,208 (35,216,135) 1,883,724 (33,211,203) 3,308,761
There were no significant noncash capital financing or investing activities for the year ended June 30, 2009.
See accompanying notes to basic financial statements.