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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS
<br />Year Ended December 31, 2007
<br />Statement 9
<br />Cash flows from operating activities:
<br />Cash receipts from customers
<br />Cash paid to suppliers
<br />Cash paid to employees
<br />Net cash flows from operating activities
<br />Cash flows from noncapital financing activities:
<br />Transfers
<br />Net cash flows from noncapital financing activities
<br />Cash flows from capital and related financing activities:
<br />Principal paid on revenue bonds
<br />Proceeds from issuance of debt
<br />Collection of special assessments
<br />Interest and paying agent fees on revenue bonds
<br />Acquisition of capital assets
<br />Net cash flows from capital and related financing activities
<br />Cash flows from investing activities:
<br />Interest on investments
<br />Net increase (decrease) in cash and cash equivalents
<br />Cash and cash equivalents - January 1
<br />Cash and cash equivalents - December 31
<br />Reconciliation of operating income to net cash
<br />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 />Water
<br />$ 1,195,247
<br />(532,395)
<br />(170,585)
<br />492,267
<br />130,087
<br />130,087
<br />(2,015,000)
<br />28,189
<br />(107,846)
<br />(21,085)
<br />(2,115,742)
<br />125,436
<br />(1,367,952)
<br />4,113,623
<br />$ 2,745,671
<br />$ 127,394
<br />389,412
<br />(20,516)
<br />(1,458)
<br />(2,565)
<br />$ 492,267
<br />- Water lines in the amount of $812,812 were contributed to the Water Fund in 2007.
<br />- Sewer lines in the amount of $34,100 were contributed to the Sewer Fund in 2007.
<br />The accompanying notes are an integral part of these basic financial statements.
<br />31
<br />Sewer
<br />Total
<br />2007
<br />$ 1,438,953 $ 2,634,200
<br />(698,827) (1,231,222)
<br />(159,096) (329,681)
<br />581,030 1,073,297
<br />(11,112)
<br />(11,112)
<br />(137)
<br />(33,076)
<br />(33,213)
<br />118,975
<br />118,975
<br />(2,015,000)
<br />28,052
<br />(107,846)
<br />(54,161)
<br />(2,148,955)
<br />240,386 365,822
<br />777,091 (590,861)
<br />4,115,128 8,228,751
<br />$ 4,892,219 $ 7,637,890
<br />$ 147,149
<br />431,211
<br />(7,159)
<br />(4,445)
<br />14,274
<br />$ 581,030
<br />$ 274,543
<br />820,623
<br />(27,675)
<br />(5,903)
<br />11,709
<br />$ 1,073,297
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