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IIMIC <br />Imo <br />CITY OF LINO LAKES, MINNESOTA <br />COMBINED STATEMENT OF CASH FLOWS - <br />ALL PROPRIETARY FUND TYPES <br />For The Year Ended December 31, 1996 <br />Statement 5 <br />Cash flows from operating activities: <br />Enterprise Funds <br />1996 1995 <br />Operating income (loss) $ 10,771 ($ 12,093) <br />Adjustments to reconcile operating income (loss) to <br />net cash flows from operating activities: <br />'" Depreciation 329,414 304,475 <br />Change in assets and liabilities: <br />Decrease (increase) in receivables 17,603 (13,972) <br />— Decrease (increase) in prepaid items 25,115 (5,509) <br />Increase (decrease) in payables 650,346 (1,797) <br />Net cash flows from operating activities 1,033,249 271,104 <br />■ <br />emow <br />Cash flows from noncapital financing activities: <br />Collection of area and unit charges 179,250 <br />Operating transfer to Capital Project Funds (179,250) <br />Net cash flows from noncapital financing activities 0 0 <br />Cash flows from capital and related financing activities: <br />Principal paid on revenue bonds (50,000) <br />(40,000) <br />Interest and paying agent fees on revenue bonds (88,887) (64,967) <br />Operating transfer from Capital Project Funds 104,565 <br />Proceeds from issuance of bonds 3,283,495 - <br />Acquisition of fixed assets (2,779,811) (39,626) <br />Net cash flows from capital and related financing activities 364,797 (40,028) <br />Cash flows from investing activities: <br />Interest on investments 43,458 26,275 <br />Net increase in cash and cash equivalents 1,441,504 257,351 <br />Cash and cash equivalents - January 1 554,540 297,189 <br />Cash and cash equivalents - December 31 $1,996,044 $554,540 <br />Noncash investing, capital and financing activities: <br />- Water and Sewer lines in the amount of $1,573,535 and $1,826,899 were contributed to the Water and Sewer Fund in 1996 <br />and 1995 respectively. <br />The accompanying notes are an integral part of these financial statements. <br />29 <br />