Chapter 7, Problem 27EP

Enterprise Fund Statement of Cash Flows. (LO7-5) The following information (presented in thousands) is available for the Cumberland County Utility Enterprise Fund during the current year:

1. 1. The beginning balance for cash and cash equivalents was $86,210 and for restricted cash was $12,366.
2. 2. The utility collected $2,500 in customer deposits throughout the year. Deposits of $1,100 were returned, and accounts of $200 were written off.
3. 3. Cash paid to vendors totaled $19,981, while cash paid to employees was $35,250.
4. 4. The utility repaid revenue bonds restricted for capital acquisitions in the amount of $17,500 and issued new debt of $15,000 to acquire new equipment. Equipment costing $8,000 was purchased for cash during the year.
5. 5. Cash receipts came from customers, $112,793; interest on investments, $900; 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. (Ignore the reconciliation of operating income to net cash provided by operating activities because insufficient information is provided to complete the reconciliation.)