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Exhibit 7
<br />City of Louisville, Colorado
<br />Proprietary Funds
<br />Statement of Cash Flows
<br />For the Year Ended December 31, 2014
<br />Cash flows from operating activities:
<br />Receipts from customers
<br />Payments to suppliers
<br />Payments to employees
<br />Net cash provided (used) by operating activities
<br />Enterprise Funds
<br />Water & Golf Solid Waste
<br />Wastewater Course & Recycling Total
<br />Internal
<br />Service
<br />Funds
<br />$ 7,765,745 $ (401,562) $ 1,284,204 $ 8,648,387 $ 267,445
<br />(2,118,854) (74,210) (1,268,080) (3,461,144) (124,977)
<br />(2,451,901) (97,326) (17,029) (2,566,256) -
<br />3,194,990 (573,098) (905) 2,620,987 142,468
<br />Cash flows from noncapital financing activities:
<br />Internal activity - payments to other funds - - - (424,773)
<br />Internal activity - payments from other funds - 3,828,821 - 3,828,821 Net cash provided (used) by noncapital financing activities - 3,828,821 - 3,828,821 (424,773)
<br />Cash flows from capital and related financing activities:
<br />Capital contributions
<br />Capital Grant Proceeds
<br />Loss on WGP Termination Agreement
<br />Purchases of capital assets
<br />Principal paid on capital debt
<br />Interest paid on capital debt
<br />Net cash provided (used) by capital and related financing
<br />activities
<br />Cash flows from investing activities:
<br />Interest earnings
<br />Net increase (decrease) in pooled cash and investments
<br />Cash and cash equivalents, January 1
<br />2,750,564 - 2,750,564
<br />49,371 1,978,938 29 2,028,338
<br />- (21,050) - (21,050)
<br />(3,874,993) (5,197,581) - (9,072,574)
<br />(680,625) - (680,625)
<br />(254,271) - (254,271)
<br />(503,846)
<br />(2,009,954) (3,239,693)
<br />29 (5,249,618) (503,846)
<br />29,658 (341) 877 30,194 4,252
<br />1,214,694 15,689
<br />20,940,426 126,799
<br />1,230,384 (781,899)
<br />21,067,225 1,699,298
<br />Cash and cash equivalents, December 31 $ 22,155,120 $ 142,488 $
<br />Reconciliation of operating income (loss) to net cash
<br />Operating income (loss)
<br />Adjustments to reconcile operating income (loss) to net cash
<br />cash provided by operating activities:
<br />Depreciation and amortization expense
<br />Change in assets and liabilities:
<br />Receivables
<br />Prepaid expenses
<br />Compensated absenses
<br />Accounts payable
<br />Accrued liabilities
<br />Cash Overdraft
<br />Net cash provided (used) by operating activities
<br />- $ 22,297,609 $ 917,399
<br />$ 967,660 $ (638,179) $ 23,025 $ 352,506 $ (78,801)
<br />1,541,204 49,048
<br />1,590,252 232,643
<br />126,411 (462,833) (47,244) (383,666)
<br />2,291 - 2,291
<br />(18,588) 1,586 200 (16,802)
<br />583,761 347,700 25,563 957,024
<br />(7,749) 129,580 39 121,870
<br />- - (2,488) (2,488)
<br />(12,083)
<br />709
<br />$ 3,194,990 $ (573,098) $ (905) $ 2,620,987 $ 142,468
<br />Non -cash capital and related financing activities
<br />Contributed assets $ 2,014,353 $ $ - $ 2,014,353 $
<br />The notes to the financial statements are an integral part of this statement.
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