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CITY OF LINO LAKES, MINNESOTA Statement 5 <br />COMBINED STATEMENT OF CASH FLOWS <br />ALL PROPRIETARY FUND TYPES <br />▪ For the Year Ended December 31, 2002 <br />Enterprise Funds <br />2002 2001 <br />- Cash flows from operating activities: <br />Operating income (loss) $ (10,991) $ 161,335 <br />Adjustments to reconcile operating income to <br />▪ net cash flows from operating activities: <br />Depreciation 645,961 632,563 <br />Change in assets and liabilities: <br />Decrease (increase) in receivables 26,661 (70,771) <br />Decrease (increase) in prepaid items (1,105) (3,005) <br />Increase (decrease) in payables 13,930 (52,717) <br />Net cash flows from operating activities 674,456 667,405 <br />Cash flows from noncapital financing activities: <br />Operating transfer from Capital Project Funds <br />304,075 307,650 <br />Cash flows from capital and related financing activities: <br />Principal paid on revenue bonds (245,000) (875,000) <br />Investment with escrow agent 650,367 <br />Collection of special assessments 34,921 26,300 <br />Interest and paying agent fees on revenue bonds (174,314) (208,051) <br />Acquisition of fixed assets (72,280) (4,148) <br />Net cash flows from capital and related financing activities (456,673) (410,532) <br />Cash flows from investing activities: <br />Investment earnings 40,323 53,292 <br />Net increase (decrease) in cash and cash equivalents 562,181 617,815 <br />Cash and cash equivalents - January 1 1,896,445 1,278,630 <br />Cash and cash equivalents - December 31 $ 2,458,626 $ 1,896,445 <br />Noncash investing, capital and financing activities: <br />• - Water and Sewer lines in the amount of $60,111 and $882,235 were contributed to the Water and Sewer Fund <br />in 2002 and 2001 respectively. <br />The accompanying notes are an integral part of these financial statements. <br />18 <br />