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CITY OF SUNNY ISLES BEACH, FLORIDA <br />STATEMENT OF CASH FLOWS - <br />PROPRIETARY FUND <br />FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023 <br />Stormwater <br />Fund <br />Cash Flows from Operating Activities: <br />Cash received from customers and users $ 1,494,540 <br />Cash paid to suppliers for goods and services (196,896) <br />Cash paid to employees for services (293,615) <br />Net Cash Provided by (Used in) Operating Activities <br />1,004,029 <br />Cash Flows from Noncapital Financing Activities: <br />1,410,817 <br />Intergovernmental <br />87,569 <br />Net Cash Provided by (Used in) Noncapital Financing Activities <br />87,569 <br />Cash Flows from Capital and Related Financing Activities: <br />$ 264,609 <br />Interest paid on capital debt <br />(5,092) <br />Principal paid on capital debt <br />(241,224) <br />Acquisition and construction of capital assets <br />(198,323) <br />Net Cash Provided by (Used in) Capital and Related Financing Activities <br />(444,639) <br />Cash Flows from Investing Activities: <br />Unrealized loss on investments <br />61,199 <br />Purchase of investments <br />(643,588) <br />Net Cash Provided by (Used in) Investing Activities <br />(582,389) <br />Net Increase in Cash and Cash Equivalents <br />64,570 <br />Cash and Cash Equivalents - Beginning <br />1,410,817 <br />Cash and Cash Equivalents - Ending <br />$ 1,475,387 <br />Cash Flows from Operating Activities <br />Operating income <br />$ 264,609 <br />Adjustments to Reconcile Operating Income to Net Cash <br />Provided by (used in) Operating Activities: <br />Depreciation <br />461,964 <br />Changes in operating assets and liabilities and deferred inflows/outflows: <br />(Increase) decrease in: <br />Accounts receivable <br />190,960 <br />Interest receivable <br />(4,422) <br />Deferred outflows related to pension <br />(18,623) <br />Deferred outflows related to OPEB <br />(1,882) <br />Increase (decrease)in: <br />Accounts payable <br />10,712 <br />Accrued liabilities <br />4,466 <br />Compensated absences <br />7,091 <br />Net pension liability <br />74,429 <br />Deferred inflows related to pension <br />(2,675) <br />Deferred inflows related to OPEB <br />18,028 <br />Total OPEB liability <br />(628) <br />Net Cash Provided by (Used in) Operating Activities <br />$ 1,004,029 <br />The accompanying notes to basic financial statements are an integral part of these statements. <br />25 <br />