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<br />CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS
<br />For The Year Ended December 31, 2003
<br />Statement 9
<br />Cash flows from operating activities:
<br />Cash Receipts from Customers
<br />Cash Paid to Suppliers
<br />Cash Paid to Employees
<br />Net cash flows from operating activities
<br />Cash flows from noncapital financing activities:
<br />Operating transfer from Capital Project Funds
<br />Net cash flows from noncapital financing activities
<br />Water
<br />Totals
<br />Sewer 2003
<br />$ 1,006,368 $ 1,210,823 $ 2,217,191
<br />(349,436) (563,150) (912,586)
<br />(156,189) (137,926) (294,115)
<br />500,743 509,747 1,010,490
<br />301,355 301,355
<br />301,355 301,355
<br />Cash flows from capital and related financing activities:
<br />Principal paid on revenue bonds (250,000) - (250,000)
<br />Collection of special assessments 28,039 169 28,208
<br />Interest and paying agent fees on revenue bonds (163,498) (163,498)
<br />Acquisition of fixed assets (5,326) (5,326)
<br />Net cash flows from capital and related financing activities (390,785) 169 (390,616)
<br />Cash flows from investing activities:
<br />Interest on investments 3,203 17,663 20,866
<br />Net increase in cash and cash equivalents 414,516 527,579 942,095
<br />Cash and cash equivalents - January 1 623,399 1,835,227 2,458,626
<br />Cash and cash equivalents - December 31 $ 1,037,915 $ 2,362,806 $ 3,400,721
<br />Reconciliation of Operating Income (Loss) to Net Cash
<br />from Operating Activities:
<br />Operating income (loss) $ 254,537 $ 170,419 $ 424,956
<br />Adjustments to reconcile operating income to
<br />net cash flows from operating activities:
<br />Depreciation 304,382 342,563 646,945
<br />Change in assets and liabilities:
<br />Decrease (increase) in receivables (57,958) (5,766) (63,724)
<br />Decrease (increase) in prepaid items (426) 410 (16)
<br />Increase (decrease) in payables 208 2,121 2,329
<br />Net cash flows from operating activities $ 500,743 $ 509,747 $ 1,010,490
<br />- Water lines in the amount of $947,775 were contributed to the Water Fund in 2003.
<br />- Sewer lines in the amount of $1,758,488 were contributed to the Sewer Fund in 2003.
<br />The accompanying notes are an integral part of these basic financial statements.
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