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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, 1995
<br />With Comparative Totals For The Year Ended December 31, 1993
<br />Statement 16
<br />Water
<br />Gas Totals
<br />Sewer Utility 1995 1994
<br />Cash flows from operating activities:
<br />Operating income (loss) $32,897 ($44,990) $ - ($12,093) ($88,430)
<br />Adjustments to reconcile operating income (loss) to
<br />net cash flows from operating activities:
<br />Maintenance agreement - MCES 12,699
<br />Depreciation 127,853 176,622 304,475 287,098
<br />Change in assets and liabilities:
<br />Decrease (iincrease) in receivables (12,388) (1,584) (13,972) (43,768)
<br />Decrease (increase) in prepaid items (2,461) (3,048) (5,509) (1,664)
<br />Increase (decrease) in payables 11,703 (13,500) _ (1,797) (777)
<br />Net cash flows from operating activities 157,604 113,500 0 271,104 165,158
<br />Cash flows from noncapital financing activities:
<br />Collection of area and unit charges 179,250 179,250 183,667
<br />Operating transfer to Capital Project Funds (179,250) (179,250) (183,667)
<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 (40,000) (40,000) (25,000)
<br />Interest and paying agent fees on revenue bonds (64,967) (64,967) (66,548)
<br />Operating transfer from Capital Project Funds 104,565 104,565 91,548
<br />Acquisition of fixed assets (22,334) (17,292) (39,626) (1,617)
<br />Net cash flows from capital
<br />and related financing activities (22,736) (17,292) (40,028) (1,617)
<br />Cash flows from investing activities:
<br />Interest on investments 18,708 7,567 26,275 11,957
<br />Net increase in cash and cash equivalents 153,576 103,775 0 257,351 175,498
<br />Cash and cash equivalents - January 1 236,188 61,001 297,189 121,691
<br />Cash and cash equivalents - December 31 $389,764 $164,776 $0 $554,540 $297,189
<br />Noncash investing, capital and financing activities:
<br />- Distribution system assets in the amounts of $796,899 and $0 were contributed to the Water Fund in 1995 and 1994, respectively.
<br />- Collection system assets in the amounts of $1,030,000 and $0 were contributed to the Sewer Fund in 1995 and 1994, respectively.
<br />82
<br />.r,
<br />Oft
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