See accompanying notes to financial statements. Wastewater Water Utility Utility Total Reconciliation of Operating Income to Net Cash Provided by Operating Activities: Operating income $ 394,951 $ 107,989 $ 502,940 Adjustments to Reconcile Operating Income to Net Cash Provided by Operating Activities: Depreciation 473,613 782,286 1,255,899 Depreciation charged to other funds 27,009 (27,009) - Changes in Assets and Liabilities Related to Operations: Customer accounts receivable (7,955) 696 (7,259) Other accounts receivable 19,872 (3,166) 16,706 Inventory 4,917 - 4,917 Prepaid expenses (874) (730) (1,604) Due from other funds 1,482 1,042 2,524 Accounts payable and accrued liabilities 17,461 1,975 19,436 Other current liabilities 2,136 623 2,759 Pension related deferrals and liabilities 1,777 37,834 39,611 Net Cash Provided by Operating Activities $ 934,389 $ 901,540 $ 1,835,929 Reconciliation of Cash and Investments to the Statement of Net Position - Proprietary Fund Cash and investments - statement of net position $ 3,276,163 $ 73,130 $ 3,349,293 Restricted cash and investments - statement of net position 143,592 1,531,247 1,674,839 $ 3,419,755 $ 1,604,377 $ 5,024,132 Noncash Investing, Capital and Related Financing Activities Amortization of loss on refunding $ (7,302) $ (2,632) $ (9,934) Amortization of of debt premiums $ 2,692 $ 10,771 $ 13,463 Construction related accounts payable $ - $ 272,766 $ 272,766 Premium on debt issued $ - $ 64,458 $ 64,458 VILLAGE OF GRAFTON Ozaukee County, Wisconsin Statement of Cash Flows - Proprietary Funds For the Year Ended December 31, 2016 (Continued) 40