2 2 Major Major Utility Solid Waste System System Operating income (loss) $ 19,405,472 $ (21,506,080) Adjustments to reconcile operating income to net cash provided by (used for) operating activities: Depreciation and amortization expense 32,114,150 3,104,142 Interest expense on customer deposits (133,739) - (Increase) decrease in accounts receivable (1,558,822) 106,811 (Increase) decrease in lease receivable (321,546) - (Increase) decrease in intergovernmental receivable (425) (112,647) (Increase) decrease in inventories - (147,303) (Increase) decrease in prepaid items - - (Increase) decrease in OPEB assets held in trust 42,657 7,466 (Increase) decrease in deferred outflows for pensions 54,339 (35,526) (Increase) decrease in deferred outflows for OPEB (64,380) (9,462) Increase (decrease) in vouchers payable 125,547 (13,543) Increase (decrease) in wages and benefits payable (648,942) (104,945) Increase (decrease) in contracts and retainage payable 6,288 2,576,475 Increase (decrease) in interfund payable - - Increase (decrease) in net pension liability 4,578,922 795,100 Increase (decrease) in compensated absences 105,440 33,856 Increase (decrease) in claims and judgements payable - - Increase (decrease) in intergovernmental payable - 46,490 Increase (decrease) in customer deposits payable 288,696 (19,931) Increase (decrease) in landfill closure liability - 34,767,919 Increase (decrease) in deferred inflows for pensions (6,853,344) (942,993) Increase (decrease) in deferred inflows for OPEB (62,146) (10,377) Total adjustments 27,672,695 40,041,532 Net cash provided by (used for) operating activities $ 47,078,167 $ 18,535,452 Non-cash investing, capital and financing activities: Contributed capital assets $ 16,103,966 - $ Transfers of capital assets to other funds - - Change in fair value of investments (13,396,233) (7,335,836) Payables related to capital asset acquisition 4,370,246 1,257,093 Receivables related to capital asset acquisition - - The notes to the financial statements are an integral part of this statement. Sarasota County, Florida Statement of Cash Flows-Continued Proprietary Funds For the Year Ended September 30, 2022 provided (used) by operating activities: Business-type Activities Enterprise Funds Reconciliation of operating income (loss) to net cash 74
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