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CITY OF LINO LAKES, MINNESOTA
<br />ENTERPRISE FUNDS
<br />COMBINING STATEMENT OF CASH FLOWS
<br />For The Year Ended December 31, 1996
<br />With Comparative Totals For The Year Ended December 31, 1995
<br />Statement 16
<br />Gas Totals
<br />r
<br />i
<br />Water Sewer Utility 1996 1995
<br />Cash flows from operating activities:
<br />Operating income (loss) $78,758 ($59,102) ($8,885) $10,771 ($12,093) ...
<br />Adjustments to reconcile operating income (loss) to
<br />net cash flows from operating activities:
<br />Depreciation 141,461 187,953 329,414 304,475 •.
<br />Change in assets and liabilities:
<br />Decrease (mcrease) in receivables 44,053 (26,450) 17,603 (13,972)
<br />Decrease (increase) in prepaid items 1,373 23,742 25,115 (5,509)
<br />Increase (decrease) in payables 631,550 9,911 8,885 650,346 (1,797)
<br />Net cash flows from operating activities 897,195 136,054 0 1,033,249 271,104
<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 0 0 0
<br />Cash flows from capital and related financing activities:
<br />Principal paid on revenue bonds (50,000) (50,000) (40,000)
<br />Interest and paying agent fees on revenue bonds (88,887) (88,887) (64,967)
<br />Operating transfer from Capital Project Funds 104,565
<br />Proceeds from issuance of bonds 3,283,495 3,283,495
<br />Acquisition of fixed assets (2,770,029) (9,782) - (2,779,811) (39,626) ...
<br />Net cash flows from capital
<br />and related financing activities 374,579 (9,782) 364,797 (40,028)
<br />Cash flows from investing activities:
<br />Interest on investments 31,978 11,480 - 43,458 26,275
<br />Net increase in cash and cash equivalents 1,303,752 137,752 0 1,441,504 257,351
<br />Cash and cash equivalents - January 1 389,764 164,776 554,540 297 189
<br />Cash and cash equivalents - December 31 $1,693,516 $302,528 $0 $1,996,044 $554,540
<br />Noncash investing, capital and financing activities:
<br />- Distribution system assets in the amounts of $ 942,649 and $796,899 were contributed to the Water Fund in 1996 and 1995,
<br />respectively.
<br />- Collection system assets in the amounts of $630,886 and $1,030,000 were contributed to the Sewer Fund in 1996 and 1995,
<br />respectively.
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