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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, 1997 <br />Vmo <br />Statement 5 <br />Enterprise Funds <br />1997 1996 <br />Cash flows from operating activities: <br />Operating income (loss) ($22,779) $33,728 <br />Adjustments to reconcile operating income (loss) to <br />net cash flows from operating activities: <br />_, Depreciation 365,976 329,414 <br />Change in assets and liabilities: <br />Decrease (increase) in receivables (79,610) (5,354) <br />Decrease (increase) in prepaid items (28,874) 25,115 <br />Increase (decrease) in payables (466,448) 650,346 <br />Net cash flows from operating activities (231,735) 1,033,249 <br />- Cash flows from capital and related fmancing activities: <br />Principal paid on revenue bonds (50,000) (50,000) <br />Interest and paying agent fees on revenue bonds (202,986) (88,887) <br />Proceeds from issuance of bonds 3,283,495 <br />Acquisition of fixed assets (664,650) (2,779,811) <br />Net cash flows from capital and related fmancing activities (917,636) 364,797 <br />Wm. <br />limor <br />Cash flows from investing activities: <br />Interest on investments 53,824 43,458 <br />Net increase (decrease) in cash and cash equivalents (1,095,547) 1,441,504 <br />Cash and cash equivalents - January 1 1,996,044 554,540 <br />Cash and cash equivalents - December 31 $900,497 $1,996,044 <br />Noncash investing, capital and financing activities: <br />- Water and Sewer lines in the amount of $52,301 and $1,573,535 were contributed to the Water and Sewer Funds in 1997 <br />and 1996 respectively. <br />- Special assessments in the amount of $329,383 were levied in 1997. <br />The accompanying notes are an integral part of these financial statements. 29 <br />