See accompanying notes to financial statements. Wastewater Water Utility Utility Total Cash Flows From Operating Activities: Received from customers $ 1,618,658 $ 2,260,592 $ 3,879,250 Received from municipality 210,000 - 210,000 Paid to suppliers (650,548) (1,021,224) (1,671,772) Paid to employees for services (243,721) (337,828) (581,549) Net Cash From Operating Activities 934,389 901,540 1,835,929 Cash Flows From Noncapital Financing Activities: Tax equivalent paid to municipality (200,773) (9,227) (210,000) Transfer to governmental funds (147,454) (174,076) (321,530) Net Cash From (Used) Noncapital Financing Activities (348,227) (183,303) (531,530) Cash Flows From Capital and Related Financing Activities: Acquisition and construction of capital assets (780,807) (2,281,117) (3,061,924) Contributions received for construction - 91,878 91,878 Proceeds from debt issued - 2,910,000 2,910,000 Special assessments received - 1,004 1,004 Principal payments on debt (117,931) (356,351) (474,282) Interest on debt (38,750) (167,114) (205,864) Net Cash From (Used) Capital and Related Financing Activities (937,488) 198,300 (739,188) Cash Flows From Investing Activities: Marketable securities purchased (841,508) (494,219) (1,335,727) Marketable securities sold 841,508 494,219 1,335,727 Interest income 10,479 9,150 19,629 Net Cash From Investing Activities 10,479 9,150 19,629 Net Increase in Cash and Equivalents (340,847) 925,687 584,840 Cash and Investments, Beginning of year 3,760,602 678,690 4,439,292 Cash and Investments, End of Year $ 3,419,755 $ 1,604,377 $ 5,024,132 VILLAGE OF GRAFTON Ozaukee County, Wisconsin Statement of Cash Flows - Proprietary Funds For the Year Ended December 31, 2016 39