Health Benefits Fund To account for the self-insured health plan and other contractual health insurance plans...164

Transcription

1 INTERNAL SERVICE FUNDS Internal service funds are used to account for the financing of goods or services provided by one department to other departments of the County, or to other agencies, on a costreimbursement basis. Page Risk Management Fund To account for revenues received for providing the county with property and liability insurance, workers compensation and unemployment compensation insurance Health Benefits Fund To account for the self-insured health plan and other contractual health insurance plans Equipment Services Fund To account for revenues received for maintaining and purchasing automobiles and other vehicles and specialized large equipment for use by other county departments Truckee Meadows Fire Protection District Workers Compensation Fund A component unit. To account for annual costs and future liabilities for workers compensation costs attributable to the district

2 INTERNAL SERVICE FUNDS COMBINING STATEMENT OF NET ASSETS JUNE 30, TMFPD Risk Health Equipment Workers Management Benefits Services Compensation Fund Fund Fund Fund Total Assets Current Assets: Cash and investments $ 17,896,549 $ 12,855,853 $ 4,899,519 $ 4,257,629 $ 39,909,550 Accounts receivable 9,246 19, ,301 Reimbursements receivable - 220, ,016 Interest receivable 121,564 80,131-29, ,845 Due from other governments - 165, ,535 Inventory , ,740 Deposits - - 2,340,720-2,340,720 Other assets 93, , ,911 Total Current Assets 18,120,998 13,340,590 7,829,251 4,286,779 43,577,618 Noncurrent Assets: Restricted cash and investments 4,545, ,545,000 Long-term prepaids ,165-61,165 Long-term deposits , ,558 Capital Assets: Buildings and improvements ,024-34,024 Equipment ,138,522-25,138,522 Less accumulated depreciation - - (14,255,493) - (14,255,493) Total Noncurrent Assets 4,545,000-11,560,776-16,105,776 Total Assets 22,665,998 13,340,590 19,390,027 4,286,779 59,683,394 Liabilities Current Liabilities: Accounts payable 113, , ,025-1,151,365 Accrued salaries and benefits 6,334 2,534 28,982-37,850 Compensated absences 48,850 12, , ,633 Due to other governments 20, , ,211 Other liabilities - 172, ,338 Pending claims 4,491,000 1,700, ,039 6,443,039 Total Current Liabilities 4,679,272 2,409, , ,197 8,145,436 Noncurrent Liabilities: Compensated absences 7,710 1,946 25,013-34,669 Pending claims 6,146, ,491,402 9,637,402 Pending claims payable from restricted cash 4,545, ,545,000 Total Noncurrent Liabilities 10,698,710 1,946 25,013 3,491,402 14,217,071 Total Liabilities 15,377,982 2,411, ,475 3,844,599 22,362,507 Net Assets Invested in capital assets ,917,053-10,917,053 Restricted for claims 7,288,016 10,929, ,180 18,659,335 Unrestricted - - 7,744,499-7,744,499 Total Net Assets $ 7,288,016 $ 10,929,139 $ 18,661,552 $ 442,180 $ 37,320,

3 INTERNAL SERVICE FUNDS COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS TMFPD Risk Health Equipment Workers Management Benefits Services Compensation Fund Fund Fund Fund Total Operating Revenues Charges for Services: Self insurance fees $ 6,383,585 $ 30,486,621 $ - $ - $ 36,870,206 Equipment service billings - - 7,908,542-7,908,542 Miscellaneous 247,765-5, ,527 Total Operating Revenues 6,631,350 30,486,621 7,914,304-45,032,275 Operating Expenses Salaries and wages 304, ,796 1,361,215-1,802,505 Employee benefits 90,482 41, , ,640 Services and supplies 5,168,760 31,052,906 3,573,001 1,200,000 40,994,667 Depreciation - - 2,375,323-2,375,323 Total Operating Expenses 5,563,736 31,231,189 7,789,210 1,200,000 45,784,135 Operating Income (Loss) 1,067,614 (744,568) 125,094 (1,200,000) (751,860) Nonoperating Revenues (Expenses) Investment earnings 765, , , ,143 1,418,605 Net increase (decrease) in the fair value of investments 287, ,512-56, ,385 Federal grant - 105, ,938 Gain (loss) on asset disposition , ,321 Total Nonoperating Revenues (Expenses) 1,052, , , ,757 2,252,249 Income (Loss) Before Capital Contributions and Transfers 2,120,174 (98,731) 494,189 (1,015,243) 1,500,389 Capital Contributions General Fund , ,817 Child Protective Services Fund ,760-11,760 Health Fund ,591-26,591 Total Contributions , ,168 Transfers General Fund - 3,089, ,794-3,385,894 General Fund - - (451,625) - (451,625) Pre-Funded Retiree Health Benefits Fund - 1,061, ,061,364 TMFPD General Fund ,474,300 1,474,300 Total Transfers - 4,150,464 (154,831) 1,474,300 5,469,933 Change in Net Assets 2,120,174 4,051, , ,057 7,299,490 Net Assets/(Deficit), July 1 5,167,842 6,877,406 17,993,026 (16,877) 30,021,397 Net Assets, June 30 $ 7,288,016 $ 10,929,139 $ 18,661,552 $ 442,180 $ 37,320,

4 INTERNAL SERVICE FUNDS COMBINING STATEMENT OF CASH FLOWS TMFPD Risk Health Equipment Workers Management Benefits Services Compensation Fund Fund Fund Fund Total Increase (Decrease) in Cash and Cash Equivalents Cash Flows From Operating Activities: Cash received from customers $ 306,940 $ 2,672,129 $ 5,762 $ - $ 2,984,831 Cash received from other funds 6,323,949 27,772,639 7,908,542-42,005,130 Cash payments for: Personnel costs (385,305) (196,553) (1,880,709) - (2,462,567) Workers' compensation (2,064,325) - - (276,706) (2,341,031) Unemployment compensation (113,129) (113,129) Property and liability (2,476,432) (2,476,432) Health claims/premiums - (31,088,010) - - (31,088,010) Services and supplies (40,435) (273,586) (2,949,639) - (3,263,660) Operating Activities 1,551,263 (1,113,381) 3,083,956 (276,706) 3,245,132 Cash Flows From Noncapital Financing Activities: Transfers from General Fund - 3,089, ,794-3,385,894 Transfers from Pre-Funded Retiree Health Benefits Fund - 1,061, ,061,364 Transfers from TMFPD General Fund ,474,300 1,474,300 Noncapital Financing Activities - 4,150, ,794 1,474,300 5,921,558 Cash Flows From Capital and Related Financing Activities: Proceeds from asset disposition , ,636 *Acquisition of capital assets - - (2,160,028) - (2,160,028) Capital and Related Financing Activities - - (1,763,392) - (1,763,392) Cash Flows From Investing Activities: Investment earnings 1,019, , ,450 1,702,334 **Equipment supply deposits received ,000-61,000 **Equipment supply deposits paid - - (268,212) - (268,212) Investing Activities 1,019, ,883 (207,212) 172,450 1,495,122 Net Increase (Decrease) in Cash and Cash Equivalents 2,570,264 3,547,966 1,410,146 1,370,044 8,898,420 Cash and Cash Equivalents, July 1 19,871,285 9,307,887 3,489,373 2,887,585 35,556,130 Cash and Cash Equivalents, June 30 $ 22,441,549 $ 12,855,853 $ 4,899,519 $ 4,257,629 $ 44,454,550 (CONTINUED) 160

5 INTERNAL SERVICE FUNDS COMBINING STATEMENT OF CASH FLOWS TMFPD Risk Health Equipment Workers Management Benefits Services Compensation Fund Fund Fund Fund Total Reconciliation of Operating Income (Loss) to Net Cash Provided (Used) by Operating Activities Operating income (loss) $ 1,067,614 $ (744,568) $ 125,094 $ (1,200,000) $ (751,860) Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities: Depreciation - - 2,375,323-2,375,323 **Imputed rental expense , ,774 Change in assets and liabilities: (Increase) decrease in: Accounts receivable (461) (6,279) - - (6,740) Reimbursements receivable - (111,116) - - (111,116) Due from other governments - (59,597) - - (59,597) Inventory - - (23,548) - (23,548) Other assets 11, , ,660 Increase (decrease) in: Accounts payable 19,802 (188,803) 136,867 (15,158) (47,292) Accrued salaries and benefits 2, (2,689) - 72 Compensated absences 7,257 (18,617) (37,134) - (48,494) Due to other governments (5,754) ,158 95,404 Other liabilities - 15, ,252 Pending claims 449, ,294 1,286,294 Total Adjustments 483,649 (368,813) 2,958, ,294 3,996,992 Net Cash Provided (Used) by Operating Activities $ 1,551,263 $ (1,113,381) $ 3,083,956 $ (276,706) $ 3,245,132 **Noncash investing, capital, and financing activities: During the current fiscal year, the Equipment Services Fund entered into equipment rental agreements requiring cash deposits totaling $268,212. Deposits remaining from prior year rental agreements total $2,655,066. These deposits are considered to be equivalent to noninterest bearing loans. Interest income and rental expense of $152,774 have been imputed to give accounting recognition to these transactions. Noncash transfers of capital assets to the General Fund totaled $451,625. *Acquisition of Capital Assets Financed by Cash $ - $ - $ 2,160,028 $ - $ 2,160,028 Capital contributions received , ,168 Increase (decrease) in accounts payable ,747-58,747 Total Acquisition of Capital Asse$ - $ - $ 2,547,943 - $ 2,547,

6 RISK MANAGEMENT FUND SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS - BUDGET AND ACTUAL Operating Revenues Charges for Services: Workers' compensation collections $ 3,378,922 $ 3,373,971 $ (4,951) $ 4,473,240 Unemployment premiums 161, ,925 (500) 159,360 Property and liability billings 2,763,840 2,789,053 25,213 2,613,664 Miscellaneous: Subrogation recoveries 55,000 59,636 4,636 56,210 Other 30, , ,765 60,584 Total Operating Revenues 6,389,187 6,631, ,163 7,363,058 Operating Expenses Salaries and wages 293, ,494 (11,101) 284,331 Employee benefits 87,832 90,482 (2,650) 82,870 Services and supplies: Workers' compensation program 2,151,500 2,117,069 34,431 2,043,664 Workers' compensation pending claims change 2,501,000 33,000 2,468,000 (931,000) Unemployment compensation program 160, ,375 52, ,653 Property and liability program 2,224,987 2,454,881 (229,894) 1,415,602 Property/liability pending claims change 299, ,000 (117,000) 691,000 Self insurance - general 79,201 40,435 38,766 57,587 Total Operating Expenses 7,797,268 5,563,736 2,233,532 3,792,707 Operating Income (Loss) (1,408,081) 1,067,614 2,475,695 3,570,351 Nonoperating Revenues (Expenses) Investment earnings 200, , , ,624 Net increase (decrease) in the fair value of investments - 287, ,259 (185,577) Total Nonoperating Revenues (Expenses) 200,000 1,052, , ,047 Change in net assets $ (1,208,081) 2,120,174 $ 3,328,255 3,954,398 Net Assets, July 1 5,167,842 1,213,444 Net Assets, June 30 $ 7,288,016 $ 5,167,

7 RISK MANAGEMENT FUND SCHEDULE OF CASH FLOWS - BUDGET AND ACTUAL Increase (Decrease) in Cash and Cash Equivalents Cash Flows From Operating Activities: Cash received from outside $ 30,000 $ 306,940 $ 276,940 $ 60,584 Cash received from other funds 6,359,187 6,323,949 (35,238) 7,283,969 Cash payments for personnel costs (381,225) (385,305) (4,080) (374,356) Cash payments for workers' compensation (2,151,500) (2,064,325) 87,175 (2,043,664) Cash payments for unemployment compensation (160,355) (113,129) 47,226 (167,847) Cash payments for property and liability (2,224,987) (2,476,432) (251,445) (1,659,578) Cash payments for services and supplies (79,201) (40,435) 38,766 (57,587) Operating Activities 1,391,919 1,551, ,344 3,041,521 Cash Flows From Investing Activities: Investment earnings 200,000 1,019, , ,699 Net Increase (Decrease) in Cash and Cash Equivalents 1,591,919 2,570, ,345 3,393,220 Cash and Cash Equivalents, July 1 19,605,186 19,871, ,099 16,478,065 Cash and Cash Equivalents, June 30 $ 21,197,105 $ 22,441,549 $ 1,244,444 $ 19,871,285 Reconciliation of Operating Income (Loss) to Net Cash Provided (Used) by Operating Activities Operating income (loss) $ (1,408,081) $ 1,067,614 $ 2,475,695 $ 3,570,351 Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities: Change in assets and liabilities: (Increase) decrease in: Accounts receivable - (461) (461) (8,785) Other assets - 11,391 11,391 (9,720) Increase (decrease) in: Accounts payable - 19,802 19,802 (263,170) Accrued salaries and benefits - 2,414 2,414 (13,738) Compensated absences - 7,257 7,257 6,583 Due to other governments - (5,754) (5,754) - Pending claims 2,800, ,000 (2,351,000) (240,000) Total Adjustments 2,800, ,649 (2,316,351) (528,830) Operating Activities $ 1,391,919 $ 1,551,263 $ 159,344 $ 3,041,

8 HEALTH BENEFITS FUND SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS - BUDGET AND ACTUAL Operating Revenues Charges for Services: Group insurance collections $ 28,020,000 $ 27,772,639 $ (247,361) $ 24,295,441 Premium reimbursements 2,671,000 2,610,847 (60,153) 2,219,023 COBRA payments 175, ,135 (71,865) 128,966 Total Operating Revenues 30,866,000 30,486,621 (379,379) 26,643,430 Operating Expenses Salaries and wages 131, ,796 (5,523) 126,386 Employee benefits 41,667 41, ,499 Services and supplies: Insurance claims 20,486,000 17,796,694 2,689,306 17,529,285 Insurance premiums 12,902,000 12,981,734 (79,734) 11,520,283 Professional services 80,000 69,059 10,941 78,642 Travel 1, Other 253, ,527 48, ,472 Total Operating Expenses 33,895,114 31,231,189 2,663,925 29,506,567 Operating Income (Loss) (3,029,114) (744,568) 2,284,546 (2,863,137) Nonoperating Revenues (Expenses) Investment earnings 70, , , ,599 Net increase (decrease) in the fair value of investments - 167, ,512 (121,085) Federal grant - 105, ,938 - Total Nonoperating Revenues (Expenses) 70, , , ,514 Income (Loss) Before Transfers (2,959,114) (98,731) 2,860,383 (2,713,623) Transfers General Fund 3,307,000 3,089,100 (217,900) 2,690,000 Pre-Funded Retiree Health Benefits Fund 1,061,364 1,061, ,566 Total Transfers 4,368,364 4,150,464 (217,900) 3,671,566 Change in Net Assets $ 1,409,250 4,051,733 $ 2,642, ,943 Net Assets, July 1 6,877,406 5,919,463 Net Assets, June 30 $ 10,929,139 $ 6,877,

9 HEALTH BENEFITS FUND SCHEDULE OF CASH FLOWS - BUDGET AND ACTUAL Increase (Decrease) in Cash and Cash Equivalents Cash Flows From Operating Activities: Cash received from customers $ 2,846,000 $ 2,672,129 $ (173,871) $ 2,418,283 Cash received from other funds 28,020,000 27,772,639 (247,361) 25,153,448 Cash payments for personnel costs (172,940) (196,553) (23,613) (170,987) Cash payments for health claims/premiums (33,388,000) (31,088,010) 2,299,990 (28,912,442) Cash payments for services and supplies (334,174) (273,586) 60,588 (291,114) Operating Activities (3,029,114) (1,113,381) 1,915,733 (1,802,812) Cash Flows From Noncapital Financing Activities: Transfers from General Fund 3,307,000 3,089,100 (217,900) 2,690,000 Transfers from Pre-Funded Retiree Health Benefits Fund 1,061,364 1,061, ,566 Noncapital Financing Activities 4,368,364 4,150,464 (217,900) 3,671,566 Cash Flows From Investing Activities: Investment earnings (loss) 70, , , ,830 Net Increase (Decrease) in Cash and Cash Equivalents 1,409,250 3,547,966 2,138,716 2,006,584 Cash and Cash Equivalents, July 1 9,630,276 9,307,887 (322,389) 7,301,303 Cash and Cash Equivalents, June 30 $ 11,039,526 $ 12,855,853 $ 1,816,327 $ 9,307,887 Reconciliation of Operating Income (Loss) to Net Cash Provided (Used) by Operating Activities Operating income (loss) $ (3,029,114) $ (744,568) $ 2,284,546 $ (2,863,137) Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities: Change in assets and liabilities: (Increase) decrease in: Accounts receivable - (6,279) (6,279) 858,008 Reimbursements receivable - (111,116) (111,116) 70,293 Due from other governments - (59,597) (59,597) - Increase (decrease) in: Accounts payable - (188,803) (188,803) 107,026 Accrued salaries and benefits (5,760) Compensated absences - (18,617) (18,617) 658 Other liabilities - 15,252 15,252 30,100 Total Adjustments - (368,813) (368,813) 1,060,325 Operating Activities $ (3,029,114) $ (1,113,381) $ 1,915,733 $ (1,802,812) 165

10 EQUIPMENT SERVICES FUND SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS - BUDGET AND ACTUAL Operating Revenues Charges for Services: Equipment service billings $ 7,720,839 $ 7,908,542 $ 187,703 $ 7,886,001 Miscellaneous: Other - 5,762 5,762 - Total Operating Revenues 7,720,839 7,914, ,465 7,886,001 Operating Expenses Salaries and wages 1,519,663 1,361, ,448 1,374,585 Employee benefits 530, ,671 50, ,135 Services and supplies: Supplies 3,293,970 2,447, ,037 2,671,925 Repairs and maintenance 305, ,562 94, ,213 Leases 690, ,087 74, ,903 Travel 4,000 1,727 2,273 1,938 Other 205, ,692 (92,267) 230,276 Depreciation 2,430,000 2,375,323 54,677 2,163,264 Total Operating Expenses 8,978,120 7,789,210 1,188,910 7,830,239 Operating Income (Loss) (1,257,281) 125,094 1,382,375 55,762 Nonoperating Revenues (Expenses) Investment earnings 135, ,774 17, ,434 Gain (loss) on asset disposition 110, , , ,074 Total Nonoperating Revenues (Expenses) 245, , , ,508 Income (Loss) Before Capital Contributions and Transfers (1,012,281) 494,189 1,506, ,270 Capital Contributions General Fund - 290, , ,163 Child Protective Services Fund - 11,760 11,760 68,906 Health Fund - 26,591 26,591 53,562 Total Capital Contributions - 329, , ,631 Transfers General Fund 270, ,794 26, ,000 General Fund - (451,625) (451,625) - Total Transfers 270,000 (154,831) (424,831) 190,000 Change in Net Assets $ (742,281) 668,526 $ 1,410,807 1,414,901 Net Assets, July 1 17,993,026 16,578,125 Net Assets, June 30 $ 18,661,552 $ 17,993,

11 EQUIPMENT SERVICES FUND SCHEDULE OF CASH FLOWS - BUDGET AND ACTUAL Increase (Decrease) in Cash and Cash Equivalents Cash Flows From Operating Activities: Cash received from other funds $ 7,720,839 $ 7,908,542 $ 187,703 $ 7,886,001 Cash received from others - 5,762 5,762 - Cash payments for personnel costs (2,049,726) (1,880,709) 169,017 (1,888,748) Cash payments for services and supplies (4,498,394) (2,949,639) 1,548,755 (3,604,830) Operating Activities 1,172,719 3,083,956 1,911,237 2,392,423 Cash Flows From Noncapital Financing Activities: Transfers from General Fund 270, ,794 26, ,000 Cash Flows From Capital and Related Financing Activities: Proceeds from asset disposition 245, , , ,053 *Acquisition of capital assets (3,762,403) (2,160,028) 1,602,375 (2,169,902) Capital and Related Financing Activities (3,517,403) (1,763,392) 1,754,011 (2,056,849) Cash Flows From Investing Activities: **Equipment supply deposit received - 61,000 61,000 1,389,000 **Equipment supply deposit paid - (268,212) (268,212) (1,032,656) Investing Activities - (207,212) (207,212) 356,344 Net Increase (Decrease) in Cash and Cash Equivalents (2,074,684) 1,410,146 3,484, ,918 Cash and Cash Equivalents, July 1 2,720,772 3,489, ,601 2,607,455 Cash and Cash Equivalents, June 30 $ 646,088 $ 4,899,519 $ 4,253,431 $ 3,489,373 (CONTINUED) 167

12 EQUIPMENT SERVICES FUND SCHEDULE OF CASH FLOWS - BUDGET AND ACTUAL Reconciliation of Operating Income (Loss) to Net Cash Provided (Used) by Operating Activities Operating income (loss) $ (1,257,281) $ 125,094 $ 1,382,375 $ 55,762 Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities: Depreciation 2,430,000 2,375,323 (54,677) 2,163,264 **Imputed rental expense - 152, , ,434 Change in assets and liabilities: (Increase) decrease in: Inventory - (23,548) (23,548) 29,368 Prepaid lease expense - 357, , ,694 Increase (decrease) in: Accounts payable - 136, ,867 (247,071) Accrued salaries and benefits - (2,689) (2,689) (53,597) Compensated absences - (37,134) (37,134) 10,569 Total Adjustments 2,430,000 2,958, ,862 2,336,661 Operating Activities $ 1,172,719 $ 3,083,956 $ 1,911,237 $ 2,392,423 **Noncash investing, capital, and financing activities: During the current fiscal year, the Equipment Services Fund entered into equipment rental agreements requiring cash deposits totaling $268,212. Deposits remaining from prior year rental agreements total $2,655,066. These deposits are considered to be equivalent to noninterest bearing loans. Interest income and rental expense of $152,774 have been imputed to give recognition to these transactions. Noncash transfers of capital assets to the General Fund totaled $451,625. *Acquisition of Capital Assets Financed by Cash $ 3,762,403 $ 2,160,028 $ 1,602,375 $ 2,169,902 Capital contributions received - 329,168 (329,168) 834,631 (Increase) decrease in lease agreement deposits ,120 Increase (decrease) in accounts payable - 58,747 (58,747) 78,421 Total Acquisition of Capital Assets $ 3,762,403 $ 2,547,943 $ 1,214,460 $ 3,458,

13 TRUCKEE MEADOWS FIRE PROTECTION DISTRICT WORKERS COMPENSATION FUND SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS - BUDGET AND ACTUAL Operating Expenses Service and supplies: Claims $ 1,474,300 $ 362,706 $ 1,111,594 $ 411,284 Pending claims change - 837,294 (837,294) 1,021,536 Total Operating Expenses 1,474,300 1,200, ,300 1,432,820 Operating Income (Loss) (1,474,300) (1,200,000) 274,300 (1,432,820) Nonoperating Revenues (Expenses) Investment earnings 25, , ,143 71,153 Net increase (decrease) in the fair value of investments - 56,614 56,614 (30,089) Total Nonoperating Revenues (Expenses) 25, , ,757 41,064 Income (Loss) Before Transfers (1,449,300) (1,015,243) 434,057 (1,391,756) Transfers TMFPD General Fund 1,474,300 1,474,300-1,800,000 Change in Net Assets $ 25, ,057 $ 434, ,244 Net Assets/(Deficit), July 1 (16,877) (425,121) Net Assets/(Deficit), June 30 $ 442,180 $ (16,877) 169

14 TRUCKEE MEADOWS FIRE PROTECTION DISTRICT WORKERS COMPENSATION FUND SCHEDULE OF CASH FLOWS - BUDGET AND ACTUAL Increase (Decrease) in Cash and Cash Equivalents Cash Flows From Operating Activities: Cash payments for workers' compensation $ (600,000) $ (276,706) $ 323,294 $ (559,593) Cash Flows From Noncapital Financing Activities: Transfers from TMFPD General Fund 1,474,300 1,474,300-1,800,000 Cash Flows From Investing Activities: Investment earnings 25, , ,450 31,651 Net Increase (Decrease) in Cash and Cash Equivalents 899,300 1,370, ,744 1,272,058 Cash and Cash Equivalents, July 1 3,020,527 2,887,585 (132,942) 1,615,527 Cash and Cash Equivalents, June 30 $ 3,919,827 $ 4,257,629 $ 337,802 $ 2,887,585 Reconciliation of Operating Income (Loss) to Net Cash Provided (Used) by Operating Activities Operating income (loss) $ (1,474,300) $ (1,200,000) $ 274,300 $ (1,432,820) Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities: Increase (decrease) in: Accounts payable - (15,158) (15,158) (150,348) Due to other governments - 101, ,158 - Pending claims 874, ,294 (37,006) 1,023,575 Total Adjustments 874, ,294 48, ,227 Operating Activities $ (600,000) $ (276,706) $ 323,294 $ (559,593) 170