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CITY OF LINO LAKES, MINNESOTA
<br />ENTERPRISE FUND
<br />COMBINING STATEMENT OF CASH FLOWS
<br />For The Year Ended December 31, 1990
<br />Gas
<br />Water and Sewer Utility
<br />1990
<br />Statement 16
<br />Totals
<br />1989
<br />(Memorandum
<br />Only)
<br />Cash flows from operating activities:
<br />Operating (loss) ($33,950) ($33,950) ($37,731)
<br />Adjustments to reconcile operating (loss) to
<br />net cash flows from operating activities:
<br />Depreciation 73,251 73,251 67,770
<br />Change in assets and liabilities:
<br />Decrease (increase) in receivables (19,675) (19,675) (17,298)
<br />Decrease (increase) in prepaid items (6,532) (6,532) 3,968
<br />Decrease (increase) in inventory 3,558 3,558 (3,166)
<br />Increase (decrease) in payables 8,574 $2,375 10,949 3,747
<br />Net cash flows from operating activities 25,226 2,375 27,601 17,290
<br />Cash flows from noncapital financing activities:
<br />Maintenance agreement - MWCC 7,233 7,233 10,656
<br />Operating transfer to Capital Project Fund (80,365) (80,365)
<br />Net cash flows from noncapital financing activities (73,132) 0 (73,132) 10,656
<br />Cash flows from capital and related financing activities:
<br />Purchase of fixed assets (3,669) (2,375) (6,044) (2,311)
<br />Cash flows from investing activities:
<br />Interest on investments 256 256
<br />Net increase (decrease) in cash and investments (51,319) 0 (51,319) 25,635
<br />Cash and investments - January 1 18,909 18,909 (6,726)
<br />Cash and investments - December 31 ($32,410) $0 ($32,410) $18,909
<br />Non cash investing, capital and fmancing activities:
<br />- Distribution system assets in the amount of $939,204 were contributed to the
<br />Water and Sewer Fund in 1990.
<br />- Collection system assets in the amount of $1,813,155 were contributed to the
<br />Water and Sewer Fund in 1990.
<br />The accompanying notes are an integral part of these financial statements.
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