|
CITY OF LINO LAKES, MINNESOTA
<br />ENTERPRISE FUNDS
<br />COMBINING STATEMENT OF CASH FLOWS
<br />For The Year Ended December 31, 1998
<br />With Comparative Totals For The Year Ended December 31, 1997
<br />Statement 17
<br />Gas Totals
<br />Water Sewer Utility 1998 1997
<br />Cash flows from operating activities:
<br />Operating income (loss) $178,829 ($137,881) $ - $40,948 ($22,779)
<br />Adjustments to reconcile operating income (loss) to
<br />net cash flows from operating activities:
<br />Depreciation 169,611 205,257 374,868 365,976
<br />Change in assets and liabilities:
<br />Decrease (increase) in receivables (9,827) 127,829 118,002 (79,610)
<br />Decrease (increase) in prepaid items 159 (3,392) (3,233) (28,874)
<br />Increase (decrease) in payables (152,276) (11,705) (17,241) (181,222) (466,448)
<br />Net cash flows from operating activities 186,496 180,108 (17,241) 349,363 (231,735)
<br />Cash flows from noncapital financing activities:
<br />Operating transfer from General Fund 17,241 17,241
<br />Operating transfer to Capital Project Funds (90,000) (90,000) (180,000)
<br />Net cash flows from noncapital financing activities (90,000) (90,000) 17,241 (162,759)
<br />Cash flows from capital and related financing activities:
<br />Principal paid on revenue bonds (140,000) - (140,000) (50,000)
<br />Collection of special assessments 34,962 283 35,245
<br />Interest and paying agent fees on revenue bonds (225,182) - (225,182) (202,986)
<br />Acquisition of fixed assets (49,740) (29,193) (78,933) (664,650)
<br />Net cash flows from capital
<br />and related financing activities (379,960) (28,910) (408,870) (917,636)
<br />Cash flows from investing activities:
<br />Prior period adjustment to Fair Values (3,544) (2,331) (5,875) -
<br />Interest on investments 11,416 24,894 36,310 53,824
<br />Net cash flows from investing activities: 7,872 22,563 30,435 53,824
<br />Net increase (decrease) in cash and cash equivalents
<br />Cash and cash equivalents - January 1
<br />Cash and cash equivalents - December 31
<br />98
<br />(275,592) 83,761 (191,831) (1,095,547)
<br />536,402 364,095 900,497 1,996,044
<br />$260,810 $447,856 $ $708,666 $900,497
<br />- Water lines in the amount of $1,488,624 were contributed to the Water Fund in 1998.
<br />- Sewer lines in the amount of $1,869,189 were contributed to the Sewer Fund in 1998.
<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 />
|