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CITY OF MOUNDS VIEW, MINNESOTA
<br /> Schedule 9
<br /> WATER ENTERPRISE FUND
<br /> PROJECTED STATEMENT OF CASH FLOWS •
<br /> For the years ending December 31, 1996, 1997, 1998, 1999 and 2000
<br /> 1996 1997 1998 1999 2000
<br /> Cash Flows from Operating Activities:
<br /> Operating income 515,905 534,656 559,565 S96,353 5171,692
<br /> Adjustments to reconcile operating income
<br /> to net cash provided by operating activities:
<br /> Depreciation 250,425 256,324 257,884 249,505 204,641
<br /> Decrease(increase)in receivables (19,402) (10,139) (10,747) (11,393) (12,075)
<br /> Increase(decrease)in payables (148,501) 4,614 4,752 4,895 5,042
<br /> Net cash used by operating activities 98,427 285,455 311,454 339,360 369,300
<br /> Cash flows from capital and related financing
<br /> activities:
<br /> Acquisition of capital assets (600,733) (37,950) (5,300) (82,285) (5,600)
<br /> Loan proceeds 500,000
<br /> Principal paid on bonds and loans (118,887) (120,164) (127,312) (134,614) (142,079)
<br /> Interest and paying agent fees (204,194) (202,949) (195,411) (187,307) (165,837)
<br /> Net cash used by capital and
<br /> related financing activities (423,814) (361,063) (328,023) (404,206) (313,516)
<br /> Cash flows from noncapital financing activities: •
<br /> Operating transfer to Capital Project Fund (30,000) (30,000) (30,000) (30,000) (30,000)
<br /> Cash flows from investing activities:
<br /> Interest on investments 64,150 56,492 55,590 54,894 26,997
<br /> Net increase(decrease)in cash (291,237) (49,116) 9,021 (39,952) 52,781
<br /> Cash and investments-January 1 1,571,171 1,279,934 1,230,818 1,239,839 1,199,887
<br /> Cash and investments-December 31 S1,279,934 51,230,818 51,239,839 51,199,887 51,252,668
<br /> •
<br /> •
<br /> For internal use only-not to be relied on by others for any purpose.
<br /> See accountants report and notes to financial status,which include significant projection assumptions.
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