Comprehensive Annual Financial Report 12/31/2000

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- CITY OF LINO LAKES, MINNESOTA COMBINED STATEMENT OF CASH FLOWS ALL PROPRIETARY FUND TYPES — For the Year Ended December 31, 2000 Now Statement 5 Enterprise Funds 2000 1999 Cash flows from operating activities: Operating income $ (151,623) $ (176,549) ▪ Adjustments to reconcile operating income to net cash flows from operating activities: Depreciation 609,383 515,350 — Change in assets and liabilities: Decrease (increase) in receivables 6,341 42,116 Decrease (increase) in prepaid items (1,921) 31,079 loom Increase (decrease) in payables 61,692 29,498 Net cash flows from operating activities 523,872 441,494 ▪ Cash flows from noncapital financing activities: Operating transfer from General Fund Operating transfer from Capital Project Funds '— Net cash flows from noncapital financing activities 320,509 320,509 49,366 49,366 Cash flows from capital and related financing activities: Principal paid on revenue bonds (210,000) (205,000) Proceeds from issuance of refunding bonds - 680,000 Investment with escrow agent 2,528 (652,895) Collection of special assessments 35,510 42,010 Interest and paying agent fees on revenue bonds (237,612) (230,800) Acquisition of fixed assets (31,001) (43,423) Net cash flows from capital and related financing activities (440,575) (410,108) Cash flows from investing activities: Investment earnings 70,738 14,668 Net increase (decrease) in cash and cash equivalents 474,544 95,420 Cash and cash equivalents - January 1 804,086 708,666 Cash and cash equivalents - December 31 $ 1,278,630 $ 804,086 — Noncash investing, capital and financing activities: - Water and Sewer lines in the amount of $1,233,267 and $4,611,608 were contributed to the Water and Sewer Fund in 2000 and 1999 respectively. ■ The accompanying notes are an integral part of these financial statements. 18