Annual Financial Report 12/31/1993

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CITY OF LINO LAKES, MINNESOTA COMBINED STATEMENT OF CASH FLOWS - ALL PROPRIETARY FUND TYPES For The Year Ended December 31, 1993 Statement 5 Totals Enterprise Funds (Memorandum Only) 1993 1992 Cash flows from operating activities: Operating income (loss) ($157,590) ($58,571) Adjustments to reconcile operating income (loss) to net cash flows from operating activities: Depreciation 252,823 145,344 Change in assets and liabilities: Decrease (increase) in receivables (36,285) (44,650) Decrease (increase) in prepaid items (7,258) (12,212) Decrease (increase) in inventory 5,642 Increase (decrease) in payables (34,094) 35,260 Net cash flows from operating activities 17,596 70,813 Cash flows from noncapital financing activities: Maintenance agreement - MWCC 7,294 13,061 Collection of area and unit charges 132,175 96,712 Operating transfer from Capital Project Funds 3,891 Operating transfer to Capital Project Funds (132,175) (96,712) Net cash flows from noncapital financing activities 11,185 13,061 Cash flows from capital and related financing activities: - Bond proceeds 1,044,100 Interest and paying agent fees on revenue bonds (89,347) Operating transfer from Capital Project Funds 89,347 Construction in progress (19,211) (841,468) Net cash flows from capital and related financing activities (19,211) 202,632 - Cash flows from investing activities: Interest on investments 6,628 10,250 Net increase in cash and cash equivalents 16,198 296,756 Cash and cash equivalents - January 1 103,069 (193,687) Cash and cash equivalents - December 31 $119,267 $103,069 Noncash investing, capital and financing activities: - Water and Sewer lines in the amount of $6,095,811 and $724,999 were contributed to the Water and Sewer Fund in 1993 and 1992, respectively. The accompanying notes are an integral part of these financial statements.