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Following is the June 30, 2022, statement of net position for the City of Bay Lake Water Utility Fund.

4. Prepare a statement of cash flows for the Water Utility Fund as of June 30, 2023. (Cash outflows should be indicated by a minus sign.)

4 Part 4 of 4 $ 1,776,055 307,031 499,820 29,389 81,970 2,694,156 10 points 9,199 eBook CITY OF BAY LAKE Water Utility Fund Statement of Fund Net Position June 30, 2022 Assets Current assets: Cash and investments Accounts receivable (net of $13,374 provision for uncollectible accounts) Accrued utility revenue Due from General Fund Interest receivable Total current assets Restricted assets: Cash Capital assets: Land Buildings (net of $3,422,246 in accumulated depreciation) Machinery and equipment (net of $5,133,305 in accumulated depreciation) Total capital assets (net) Total Assets Liabilities Current liabilities: Accounts payable Interest payable Current portion of long-term debt Total current liabilities Liabilities payable from restricted assets: Customer deposits Long-term liabilities: Revenue bond payable Total Liabilities Net Position Net investment in capital assets Unrestricted $1,782,111 5,217,836 8, 493,989 15,493,936 18,197, 291 Print 532,374 131,852 392,00 References 1,056,226 9,199 11,368,280 12,433,425 3,796,383 1,967,483 $ 5,763,866 Following is the information of the Water Utility Fund for fiscal year 2023. 1. The amount in the Accrued Utility Revenue account was reversed. 2. Billings to customers for water usage during fiscal year 2023 totaled $3,118.206: $202.682 of the total was billed to the General Fund. 3. Cash in the amount of $271.824 was received. The cash was for interest earned on investments and $85,727 in accrued interest. 4. Expenses accrued for the period were management and administration, $376,787, maintenance and distribution. $720.418; and treatment plant. $726,833. 5. Cash receipts for customer deposits totaled $2,541. 6. Cash collections on customer accounts totaled $3.081.661. of which $219.376 was from the General Fund. 7. Cash payments for the period were as follows: Accounts Payable. $1531,312: interest (which includes the interest payable). $414.513, bond principal. $392,000; machinery and equipment. $571,758; and return of customer deposits, $893. 8. A state grant amounting to $465.105 was received to help pay for new water treatment equipment. 9. Accounts written off as uncollectible totaled $9,805. 10. The utility fund transferred $783.382 in excess operating income to the General Fund. 11. Adjusting entries for the period were recorded as follows: depreciation on buildings was $235.068 and on machinery and equipment was $352,602: the allowance for uncollectible accounts was increased by $14.604; an accrual for unbilled customer receivables was made for $685.496: accrued interest income was $15,520; and accrued interest expense was $60,132 12. The Revenue Bond Payable account was adjusted by $392,000 to record the current portion of the bond. 13. Closing entries and necessary adjustments were made to the net position accounts. 4 Required information Part 4 of 4 CITY OF BAYLAKE Water Utility Fund Statement of Cash Flows For the Year Ended June 30, 2023 Cash Flows from Operating Activities: Cash Received from Customers Cash Paid To: 10 points eBook 0 Net Cash Provided by Operations Cash Flows from Noncapital Financing Activities: print 0 References Net Cash Used by Noncapital Financing Activities Cash Flows from Capital and Related Financing Activities: 0 Net Cash Used by Capital and Related Financing Activities Cash Flows from investing Activities: 0 Net Increase in Cash and Cash Equivalents Cash and Cash Equivalents, July 1, 2022 Cash and Cash Equivalents, June 30, 2023 S 0 Reconciliation of Cash and Cash Equivalents to the Balance Sheet End of Year Beginning of Year Cash and Cash Equivalents in Current and Accrued Assets Restricted Cash and Cash Equivalents Total Cash and Cash Equivalents S 0 S 0 Reconciliation of Operating Income to Net Cash Provided by Operations Operating Income Adjustments: Depreciation Expense Uncollectible Accounts Increase in Accounts Receivable Increase in Accrued Utility Revenue Decrease in Due from General Fund Increase in Accounts Payable Net Cash Provided by Operating Activities S