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CITY OF LINO LAKES, MINNESOTA
<br />COMBINED STATEMENT OF CASH FLOWS
<br />ALL PROPRIETARY FUND TYPES
<br />For the Year Ended December 31, 1999
<br />Statement 5
<br />Enterprise Funds
<br />1999 1998
<br />Cash flows from operating activities:
<br />Operating income $ (176,549) $ 40,948
<br />Adjustments to reconcile operating income to
<br />net cash flows from operating activities:
<br />Depreciation 515,350 374,868
<br />Change in assets and liabilities:
<br />Decrease (increase) in receivables 42,116 118,002
<br />Decrease (increase) in prepaid items 31,079 (3,233)
<br />Increase (decrease) in payables 29,498 (181,222)
<br />Net cash flows from operating activities 441,494 349,363
<br />Cash flows from noncapital financing activities:
<br />- Operating transfer from General Fund
<br />Operating transfer to Capital Project Funds
<br />Net cash flows from noncapital financing activities
<br />49,366
<br />49,366
<br />17,241
<br />(180,000)
<br />(162,759)
<br />Cash flows from capital and related financing activities:
<br />Principal paid on revenue bonds (205,000) (140,000)
<br />Proceeds from issuance of refunding bonds 680,000
<br />Investment with escrow agent (652,895) -
<br />Collection of special assessments 42,010 35,245
<br />— Interest and paying agent fees on revenue bonds (230,800) (225,182)
<br />Acquisition of fixed assets (43,423) (78,933)
<br />Net cash flows from capital and related financing activities (410,108) (408,870)
<br />Cash flows from investing activities:
<br />Prior period adjustment to Fair Values
<br />• Investment earnings
<br />Net cash flows from investing activities
<br />14,668
<br />14,668
<br />(5,875)
<br />36,310
<br />30,435
<br />Net increase (decrease) in cash and cash equivalents 95,420 (191,831)
<br />Cash and cash equivalents - January 1 708,666 900,497
<br />Cash and cash equivalents - December 31 $ 804,086 $ 708,666
<br />▪ Noncash investing, capital and financing activities:
<br />- Water and Sewer lines in the amount of $4,611,608 and $3,357,813 were contributed to the Water and Sewer Fund
<br />in 1999 and 1998 respectively.
<br />- The Water Fund contributed $655,283 in assets to the Sewer Fund in 1998. This transaction
<br />was recorded as a residual equity transfer out of the Water Fund and an addition to contributed
<br />capital in the Sewer Fund.
<br />The accompanying notes are an integral part of these financial statements.
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