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County of Hawaii
<br />Department of Water Supply
<br />(A component unit of the County of Hawaii, State of Hawaii)
<br />STATEMENTS OF CASH FLOWS
<br />Fiscal Years ended June 30, 2020 and 2019
<br />2020 2019
<br />CASH FLOWS FROM OPERATING ACTIVITIES
<br />Cash received from customers $ 49,476,572 $ 48,578,543
<br />Payments to suppliers for goods and services (21,544,372) (25,331,995)
<br />Payments to employees for services (17,255,384) (15,716,422)
<br />Net cash provided by operating activities 10,676,816 7,530,126
<br />CASH FLOWS FROM CAPITAL AND RELATED FINANCING
<br />ACTIVITIES
<br />Principal paid on long-term debt (5,651,462) (5,530,182)
<br />Debt proceeds 1,663,806 2,478,870
<br />Interest paid on long-term debt (1,826,547) (1,984,026)
<br />Acquisition and construction of capital assets (18,331,597) (5,679,219)
<br />Proceeds on sale of capital assets 4,000 13,333
<br />Federal grants received 2,365,967 (1,775,370)
<br />Contributions in aid of construction 1,755,710 1,309,755
<br />Net cash used in capital and related financing activities (20,020,123) (11,166,839)
<br />CASH FLOWS FROM INVESTING ACTIVITIES
<br />Purchase of investments
<br />(18,000,000)
<br />(10,000,000)
<br />Proceeds from sale and maturities of investments
<br />26,000,000
<br />5,000,000
<br />Interest received
<br />890,574
<br />466,802
<br />Net cash provided by (used in) investing activities
<br />8,890,574
<br />(4,533,198)
<br />Net decrease in cash and cash equivalents
<br />(452,733)
<br />(8,169,911)
<br />CASH AND CASH EQUIVALENTS - BEGINNING OF FISCAL YEAR
<br />21,004,073
<br />29,173,984
<br />CASH AND CASH EQUIVALENTS - END OF FISCAL YEAR $
<br />20,551,340 $
<br />21,004,073
<br />RECONCILIATION OF CASH AND CASH EQUIVALENTS
<br />TO THE STATEMENTS OF NET POSITION
<br />Unrestricted $
<br />19,663,115 $
<br />20,115,848
<br />Restricted
<br />888,225
<br />888,225
<br />$
<br />20,551,340 $
<br />21,004,073
<br />The accompanying notes are an integral part of these financial statements.
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