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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, 1999
<br />With Comparative Totals For The Year Ended December 31, 1998
<br />Statement 17
<br />Cash flows from operating activities:
<br />Operating income
<br />Adjustments to reconcile operating income to
<br />net cash flows from operating activities:
<br />Depreciation
<br />Change in assets and liabilities:
<br />Decrease (increase) in receivables
<br />Decrease (increase) in prepaid items
<br />Increase (decrease) in payables
<br />Net cash flows from operating activities
<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 />Totals
<br />Water Sewer 1999 1998
<br />$ (82,404) $ (94,145) $ (176,549) $ 40,948
<br />256,844 258,506
<br />515,350 374,868
<br />(2,688) 44,804 42,116 118,002
<br />(175) 31,254 31,079 (3,233)
<br />44,189 (14,691) 29,498 (181,222)
<br />215,766 225,728 441,494 349,363
<br />49,366
<br />49,366
<br />Cash flows from capital and related financing activities:
<br />Principal paid on revenue bonds (205,000)
<br />Proceeds from issuance of refunding bonds 680,000
<br />Investment with escrow agent (652,895)
<br />Collection of special assessments 41,877
<br />Interest and paying agent fees on revenue bonds (230,800)
<br />Acquisition of fixed assets (2,659)
<br />Net cash flows from capital and related financing activities (369,477)
<br />133
<br />(40,764)
<br />(40,631.)
<br />49,366 17,241
<br />(180,000)
<br />49,366 (162,759)
<br />(205,000) (140,000)
<br />680,000
<br />(652,895) -
<br />42,010 35,245
<br />(230,800) (225,182)
<br />(43,423) (78,933)
<br />(410,108) (408,870)
<br />Cash flows from investing activities:
<br />Prior period adjustment to fair values - (5,875)
<br />Interest on investments 8,873 5,795 14,668 36,310
<br />Net cash flows from investing activities: 8,873 5,795 14,668 30,435
<br />Net increase (decrease) in cash and cash equivalents (95,472) 190,892 95,420 (191,831)
<br />Cash and cash equivalents - January 1 260,810 447,856 708,666 900,497
<br />Cash and cash equivalents - December 31 $ 165,338 $ 638,748 $ 804,086 $ 708,666
<br />- Water lines in the amount of $1,627,968 were contributed to the Water Fund in 1999.
<br />- Sewer lines in the amount of $2,983,640 were contributed to the Sewer Fund in 1999.
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