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KIMLEY‐HORN AND ASSOCIATES, INC.  <br />STATEMENTS OF CASH FLOWS (CONTINUED)  <br />  <br />YEARS ENDED DECEMBER 31, 2017 AND 2016  <br />(SEE INDEPENDENT ACCOUNTANT’S REVIEW REPORT)  <br />  <br />  <br />The accompanying notes to the financial statements are an integral part of these statements. 7 <br />2017 2016 <br />Cash flows from financing activities: <br />Net cash used in financing activities -$ -$ <br />Net change in cash and cash equivalents (11,613,333) (19,367,199) <br />Cash and cash equivalents, beginning of year 36,772,926 56,140,125 <br />Cash and cash equivalents, end of year 25,159,593$ 36,772,926$ <br />Supplemental disclosures of noncash investing and financing activities: <br />Change in amount recognized for post-retirement health benefits (79,252)$ 57,309$ <br />Supplemental cash flow information: <br />Cash paid during the year for interest 4,114$ 29,247$ <br />Cash paid during the year for income taxes, net of refunds <br />received of $93,166 and $55,820, respectively 7,941,160$ 12,896,828$ <br />