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KIMLEY‐HORN AND ASSOCIATES, INC.  <br />STATEMENTS OF CASH FLOWS (CONTINUED)  <br />  <br />  <br />YEARS ENDED DECEMBER 31, 2016 AND 2015  <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 />2016 2015 <br />Cash flows from financing activities: <br />Net cash used in financing activities -$ -$ <br />Net change in cash and cash equivalents (19,367,199) 4,897,179 <br />Cash and cash equivalents, beginning of year 56,140,125 51,242,946 <br />Cash and cash equivalents, end of year 36,772,926$ 56,140,125$ <br />Supplemental disclosures of noncash investing and financing activities: <br />Change in amount recognized for post-retirement health benefits 57,309$ 201,475$ <br />Supplemental cash flow information: <br />Cash paid during the year for interest 29,247$ 8,003$ <br />Cash paid during the year for income taxes, net of refunds <br />received of $55,820 and $0, respectively 12,896,828$ 7,054,032$