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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, 1998 <br />Statement 5 <br />Enterprise Funds <br />1998 1997 <br />Cash flows from operating activities: <br />Operating income (loss) $ 40,948 $ (22,779) <br />Adjustments to reconcile operating income (loss) to <br />net cash flows from operating activities: <br />Depreciation 374,868 365,976 — <br />Change in assets and liabilities: <br />Decrease (increase) in receivables 118,002 (79,610) <br />Decrease (increase) in prepaid items (3,233) (28,874) <br />Increase (decrease) in payables (181,222) (466,448) <br />Net cash flows from operating activities 349,363 (231,735) <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 />17,241 <br />(180,000) <br />(162,759) <br />Cash flows from capital and related financing activities: <br />Principal paid on revenue bonds (140,000) (50,000) <br />Collection of special assessments 35,245 <br />Interest and paying agent fees on revenue bonds (225,182) (202,986) <br />Acquisition of fixed assets (78,933) (664,650) <br />Net cash flows from capital and related financing activities (408,870) (917,636) <br />Cash flows from investing activities: <br />Prior period adjustment to Fair Values <br />Investment earnings <br />Net cash flows from investing activities <br />Net increase (decrease) in cash and cash equivalents <br />Cash and cash equivalents - January 1 <br />Cash and cash equivalents - December 31 <br />(5,875) <br />36,310 53,824 <br />30,435 53,824 <br />(191,831) (1,095,547) <br />900,497 1,996,044 <br />$ 708,666 $ 900,497 <br />Noncash investing, capital and financing activities: <br />- Water and Sewer lines in the amount of $3,357,813 and $52,301 were contributed to the Water and Sewer Fund in 1998 <br />and 1997 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 />30 <br />The accompanying notes are an integral part of these financial statements. <br />