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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, 2002
<br />With Comparative Totals For The Year Ended December 31, 2001
<br />Statement 17
<br />Totals
<br />Water Sewer 2002
<br />2001
<br />Cash flows from operating activities:
<br />Operating income (loss) $ (133,636) $ 122,645 $ (10,991) $ 161,335
<br />Adjustments to reconcile operating income to
<br />net cash flows from operating activities:
<br />Depreciation 300,863 345,098 645,961 632,563
<br />Change in assets and liabilities:
<br />Decrease (increase) in receivables 25,878 783 26,661 (70,771)
<br />Decrease (increase) in prepaid items (470) (635) (1,105) (3,005)
<br />Increase (decrease) in payables 3,281 10,649 13,930 (52,717)
<br />Net cash flows from operating activities 195,916 478,540 674,456 667,405
<br />Cash flows from noncapital financing activities:
<br />Operating transfer from Capital Project Funds
<br />Net cash flows from noncapital financing activities
<br />304,075
<br />304,075
<br />304,075 307,650
<br />304,075 307,650
<br />Cash flows from capital and related financing activities:
<br />Principal paid on revenue bonds (245,000) (245,000) (875,000)
<br />Investment with escrow agent - - 650,367
<br />Collection of special assessments 34,578 343 34,921 26,300
<br />Interest and paying agent fees on revenue bonds (174,314) - (174,314) (208,051)
<br />Acquisition of fixed assets (68,135) (4,145) (72,280) (4,148)
<br />Net cash flows from capital and related financing activities (452,871) (3,802) (456,673) (410,532)
<br />Cash flows from investing activities:
<br />Interest on investments
<br />6,267 34,056 40,323 53,292
<br />Net increase (decrease) in cash and cash equivalents 53,387 508,794 562,181 617,815
<br />Cash and cash equivalents - January 1 570,012 1,326,433 1,896,445 1,278,630
<br />Cash and cash equivalents - December 31 $ 623,399 $ 1,835,227 $ 2,458,626 $ 1,896,445
<br />- Water lines in the amount of $25,082 were contributed to the Water Fund in 2002.
<br />- Sewer lines in the amount of $35,029 were contributed to the Sewer Fund in 2002.
<br />69
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