Question

The following information (presented in thousands) is available for the Cumberland County Utility Enterprise Fund during the current year:

The beginning balance for cash and cash equivalents was $86,810 and for restricted cash was $12,438.

The utility collected $2,500 in customer deposits throughout the year. Deposits of $1,100 were returned, and accounts of $200 were written off.

Cash paid to vendors totaled $20,269, while cash paid to employees was $35,230.

The utility repaid revenue bonds restricted for capital acquisitions in the amount of $17,450 and issued new debt of $15,510 to acquire new equipment. Equipment costing $8,120 was purchased for cash during the year.

Cash receipts came from customers, $112,913; interest on investments, $930; a transfer from the General Fund, $5,000; and interest on customer deposits, $625. (Assume that interest on customer deposits is not restricted.)

Required
Prepare a statement of cash flows for the Cumberland County Utility Enterprise Fund. (Ignore the reconciliation of operating income to net cash provided by operating activities because insufficient information is provided to complete the reconciliation.) (Negative amounts should be indicated by a minus sign.)

Below is a skelton of what the statement of cash flows should look like, it is missing amounts and some lines

CUMBERLAND COUNTY

Enterprise Fund

Statement of Cash FlowsFor the Current Year Ended

Cash Flows from Operating Activities:

Cash Received From Customers

Cash Provided From Customer Deposits

Cash Paid To:Employees

Vendors

?___________

Net Cash Provided by Operations

Cash Flows from Noncapital Financing Activities

:Transfer From General Fund

Net Cash Provided by Noncapital Financing Activites

Cash Flows from Capital Financing Activities:

Purchase of New Equipment

________?____________

_____________?__________

______________?__________

Net Cash Used by Capital Financing Activities

Cash Flows from Investing Activities:

Interest Received

___________?__________

Net Cash Provided by Investing Activities

Net Increase in Cash and Cash Equivalents

Cash and Cash Equivalents,

BeginningCash and Cash Equivalents,

Ending

Answer 1

Cash flow from operating activities :
Cash received from customer	112913
Cash provided from customer deposits (2500-1100)	1400
Cash paid to employees	(35230)
Cash paid to vendors	(20269)
Net cash provided by operations	58814
Cash flow from non capital financing activities
Transfer from general fund	5000
Net cash provided by non capital financing activities	5000
Cash flow from capital financing activities
Purchase of new equipment	(8120)
Utility repaid	(17450)
Issued new debt	15510
Net cash used by capital financing activities	(10060)
Cash flow from investing activities
Interest received on investment	930
Interest received on customer deposits	625
Net cash provided by investing activities	1555
Net increase in Cash and cash equivalents	55309
Beginning Cash and cash equivalents (86810+12438)	99248
Ending Cash and cash equivalents	$154557