|
CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS
<br />Year Ended December 31, 2005
<br />Statement 9
<br />Water
<br />Totals
<br />Sewer 2005
<br />Cash flows from operating activities:
<br />Cash receipts from customers $ 1,027,184 $ 1,347,529 S 2,374,713
<br />Cash paid to suppliers (221,978) (686,732) (908,710)
<br />Cash paid to employees (162,685) (161,657) (324,342)
<br />Net cash flows from operating activities 642,521 499,140 1,141,661
<br />Cash flows from noncapital financing activities:
<br />Transfer from capital project funds
<br />Net cash flows from noncapital financing activities
<br />w
<br />304,195 - 304,195
<br />304,195 - 304,195
<br />Cash flows from capital and related financing activities:
<br />Principal paid on revenue bonds (280,000) - (280,000)
<br />— Collection of special assessments 34,989 303 35,292
<br />Interest and paying agent fees on revenue bonds (132,852) - (132,852)
<br />Acquisition of capital assets (356,081) (2,794) (358,875)
<br />... Net cash flows from capital and related financing activities (733,944) (2,491) (736,435)
<br />N an
<br />Cash flows from investing activities:
<br />Interest on investments 36,105 84,205 120,310
<br />Net increase in cash and cash equivalents 248,877 580,854 829,731
<br />Cash and cash equivalents - January 1 1,510,649 2,917,210 4,427,859
<br />Cash and cash equivalents - December 31 $ 1,759,526 $ 3,498,064 $ 5,257,590
<br />Reconciliation of operating income (loss) to net cash
<br />from operating activities:
<br />Operating income (loss) $ 287,435 S 143,934 $ 431,369
<br />Adjustments to reconcile operating income to
<br />net cash flows from operating activities:
<br />✓ ENN
<br />Depreciation 338,451 390,628 729,079
<br />Change in assets and liabilities:
<br />Decrease (increase) in receivables (3,991) (14,230) (18,221)
<br />Decrease (increase) in prepaid items 293 172 465
<br />Increase (decrease) in payables 20,333 (21 ,364) (1,031)
<br />Net cash flows from operating activities $ 642,521 $ 499,140 $ 1,141,661
<br />- Water lines in the amount of $771,360 were contributed to the Water Fund in 2005.
<br />- Sewer lines in the amount of 5948,170 were contributed to the Sewer Fund in 2005.
<br />The accompanying notes are an integral part of these basic financial statements.
<br />31
<br />
|