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The following information (presented In thousands) Is avallable for the Cumberland County Utillty Enterprise Fund during the current year: 1. The beginning balance for cash
The following information (presented In thousands) Is avallable for the Cumberland County Utillty Enterprise Fund during the current year: 1. The beginning balance for cash and cash equivalents was $93,010 and for restricted cash was $12,498. 2. The utllity collected $2,500 in customer deposits throughout the year. Deposits of $1,100 were returned, and accounts of $200 were written off. 3. Cash pald to vendors totaled $20,329, while cash pald to employees was $35,300. 4. The utllity repald revenue bonds restricted for capital acquisitions in the amount of $17,790 and Issued new debt of $16,110 to acquire new equipment. Equipment costing $8,310 was purchased for cash during the year. 5. Cash recelpts came from customers, $112,649; Interest on investments, $950; a transfer from the General Fund, $5,000; and Interest on customer deposits, $625. (Assume that Interest on customer deposits is not restricted.) Required Prepare a statement of cash flows for the Cumberland County Utility Enterprise Fund. flgnore the reconcillation of operating income to net cash provided by operating activitles because insufficlent information is provided to complete the reconcillation.) (Cash outflows should be indicated by a minus sign.)
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