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CITY OF MOUNDS VIEW, MINNESOTA '
<br /> Exhibit 6
<br /> WATER ENTERPRISE FUND
<br /> PROJECTED STATEMENT OF CASH FLOWS
<br /> For the years ending December 31, 1990,1991,1992,1993 and 1994
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<br /> 1990 1991 1992 1993 1994 I Cash Flows from Operating Activities:
<br /> Operating(Loss) ($70,404) ($115,874) ($54,635) ($37,218) ($20,443)
<br /> Adjustments to reconcile operating income
<br /> to net cash provided by operating activities: I Depreciation 129,816 155,101 180,786 186,760 191,240
<br /> Decrease(increase)in receivables 7,051 (6,153) (11,894) (6,304) (12,165)
<br /> Increase(decrease)in payables (4,070) (2,272) (2,141) (2,003) (1,858)
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<br /> Net cash used by operating activities 62,393 30,802 112,116 141,235 156,774
<br /> Cash flows from capital and related financing
<br /> activities: I Acquisition of capital assets (15,940) (2,214,910) (52,700) (74,600) (5,000)
<br /> Bond proceeds 2,200,000
<br /> Gain on sale of assets 5,000 5,250 5,513 5,789 6,078
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<br /> Principal paid on revenue bond maturities (55,000) (60,000) (65,000) (70,000)
<br /> Interest and paying agent fees (77,200) (150,350) (146,150) (141,600)
<br /> Net cash used by capital and
<br /> related financing activities (10,940) (141,860) (257,537) (279,961) (210,522)
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<br /> Cash flows from investing activities:
<br /> Interest on investments 112,349 118,337 117,619 115,845 117,267
<br /> Net increase(decrease)in cash 163,802 7,279 (27,802) (22,881) 63,519 I
<br /> Cash and investments-January 1 1,523,085 1,686,887 1,694,166 1,666,364 1,643,483
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<br /> Cash and investments-December 31 $1,686,887 $1,694,166 $1,666.364 $1,643,483 $1,707,002
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