The following is a Statement of Cash Flows for the risk management internal service fund of the City of Wrightville. An inexperienced accountant prepared the statement using the FASB format rather than the format required by GASB. All long-term debt was issued to purchase capital assets. The transfer from the General Fund was to establish the internal service fund and provide the initial working capital necessary for operations.

CITY OF WRIGHTVILLE
Risk Management Internal Service Fund
Statement of Cash Flows
For the Year Ended June 30, 2017
Cash flows from operating activities:
Cash received from other departments	$	927,000
Cash paid for suppliers and employees		(122,000	)
Cash paid on insurance claims		(711,600	)
Transfer from General Fund		254,200
Investment income received		25,400
Interest paid on long-term debt		(15,200	)
Cash flows from operating activities		357,800
Cash flows from investing activities:
Acquisition of property, plant, and equipment		(293,000	)
Purchase of investments		(203,000	)
Sale of property, plant, and equipment		42,600
Cash flows from investing activities		(453,400	)
Cash flows from financing activities:
Proceeds from issuance of long-term debt		303,600
Payments on long-term debt		(14,200	)
Cash flows from financing activities		289,400
Net increase in cash and cash equivalents		193,800
Cash and cash equivalents, July 1, 2016		119,400
Cash and cash equivalents, June 30, 2017	$	313,200

Prepare a statement of cash flows using the appropriate format as required by GASB. You do not need to prepare the reconciliation of operating income to cash flow from operations. (Amounts to be deducted should be indicated by a minus sign.)