Question
The list of cash flows was taken from the Camber City airport funds statement of cash flows. All amounts are in thousands. Cash on hand,
The list of cash flows was taken from the Camber City airport funds statement of cash flows. All amounts are in thousands.
Cash on hand, beginning of year | $ 122 |
Operating lease receipts | 2,650 |
Interest received from investments | 25 |
Wages and salaries paid | 915 |
Purchases of supplies | 1,025 |
Collections (for services) from other funds of the city | 290 |
Interest paid on long-term capital debt | 175 |
Purchases of capital assets | 1,725 |
Proceeds of revenue bonds to acquire capital assets | 1,200 |
Purchases of investments | 725 |
Proceeds from sale of capital assets | 55 |
Proceeds from sales of investments | 880 |
Capital lease payments | 100 |
Operating grants received | 500 |
Proceeds from line of credit (used for operations) | 375 |
Capital contribution from airline | 125 |
Interest paid on line of credit | 5 |
Total cash flows from capital financing activities should be
$1,500 | ||
($1,500) | ||
($620) | ||
$620 |
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